A&D Fluid Conveyance Systems Market to hit US$22 Billion by 2024
SELLBYVILLE, Del., May 23, 2018 /PRNewswire-iReach/ -- According to a latest research report by Global Market Insights, Inc. " A&D Fluid Conveyance Systems Market is predicted to be valued USD 22 billion over the forecast timeframe. Increasing aircraft production and global commercial plane deliveries will fuel the industry growth. Consistent investment in defense sector particularly in emerging countries has resulted in increase in demand from military aircraft resulting in revenue generation. Up surging air traffic owing to urbanization and affordability has contributed to the superior demand of the aircraft, this in turn, will induce positive impact on aerospace & defense fluid conveyance system market size till 2024.
International Air Transport Association has registered more than 3.8 billion air passengers carried by currents airliner across the world. In addition, IATA noted over 7% rise as compared to 2015. Rising disposable income across the world, less expensive flight rates and growing traveling and tourism industry growth fueling A&D fluid conveyance systems market penetration.
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Low-cost carriers are gaining strong attention from last few years owing to high fuel efficiency, stringent regulation on carbon emission, rising fuel price are key factors stimulating aerospace & defense fluid conveyance systems demand. Low weight but high strength materials include titanium and nickel are generating strong product deployment from most of OEM companies for better revenue generation during the forecast period.
OEMs are expected to hold maximum share generating around USD 14 billion by 2024. This can be credited to mandatory installation of the fluid transmission systems in the aircraft for carrying out critical flight operations. Aftermarket is estimated to witness rapid growth over the forecast timeframe. Regular maintenance and safety checkup of aircraft with the replacement of the parts during the specified time duration will contribute to A&D fluid conveyance systems industry growth. Expansion in MRO industry particularly in the Asian countries will enhance the product penetration
Airframe application segment is likely to contribute more than 60% of market share by 2024. Increasing aircraft production during forecast time frame will fuel A&D fluid conveyance systems demand owing to large application in the airframe to provide flawless pneumatic performance.
Hydraulic fluid system market is expected to contribute over 40% industry share during forecast time owing to the wide application in aircraft components supporting A&D fluid conveyance systems demand. Large hydraulics application including in brakes, landing gears, flight controls surfaces, and flaps are mainly operated through hydraulics which continuously needs a fluid mechanism to attain the highest reliability supporting demand.
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Duct components segment is protected to dominate market revenue by generating over USD 7 billion in 2024. This segment will drive industry growth owing to a large application such as fuel tank inerting system, engine bleed air and starter system along with leading aircraft wings edges. Rising demand for improved high-quality ducts are made of titanium and nickel provides high material strength to cater new generation aircraft are instigating A&D fluid conveyance systems market size.
North America A&D fluid conveyance systems market is anticipated to hold dominance with over 50% market share during forecast time frame owing to major manufacturing companies presence. The strong presence of aircraft manufacturers including Airbus, Boeing and Bombardier Aerospace along with rising demand for a fluid mechanism in next-generation aircraft are boosting industry growth.
Major prominent companies include Triumph Group, GKN Aerospace, Hannifin Corporation, Parker, AIM Aerospace, Eaton Corporation, Arrowhead Products and Encore Group. Other key players in A&D fluid conveyance systems are ITT Corporation, Senior Plc, Unison Industries, Exotic Metal Foaming, Stelia Aerospace. These companies are offering the technological advance product range to comply with other several parts in maintaining better fluid supply in operation.
Buy this industry insights spread across 350 pages with 433 market data tables & 12 figures & charts from the report, "Aerospace & Defense Fluid Conveyance Systems Market Size By Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Fluid (Fuel, Pneumatic, Hydraulic), By Component (Hoses, Couplings, Ducts, Seals), By Distribution Channel (OEM, Aftermarket), By Application (Engine, Airframe) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024" in detail along with the table of contents:
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Chapter 4. Aerospace & Defense Fluid Conveyance Systems Market, By Aircraft
4.1. Global A&D fluid conveyance system market share by aircraft, 2017 & 2024
4.2. Commercial aircraft
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Regional jet
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Business jet
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. Helicopter
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024
4.6. Military aircraft
4.6.1. Market estimates and forecast, 2013-2024
4.6.2. Market estimates and forecast, by region, 2013-2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/aerospace-defense-fluid-conveyance-systems-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, [email protected]
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