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    Aerospace & Defense Fluid Conveyance Systems Market Report

    Aerospace & Defense Fluid Conveyance Systems Market Report
    Report code - SRAD119 Published On : Apr,2022 No. of Pages: 147
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    Aerospace Fluid Conveyance Systems Market Size, Share, Trend, Forecast, Competitive Analys See more...

    Market Insights

    Fluid conveyance systems are one of the most critical components in an aircraft in order to perform functions, such as ventilation, pressurization, fluid, water & fuel flow, humidity or containment control, anti-icing, noise attenuation, and controlling heating & cooling. Aircraft fluid conveyance system primarily includes hoses, tubes, and metallic and composite ducts (high-pressure and low-pressure ducts. 

    The emergence of the pandemic in 2020, left the aerospace industry in shambles. The industry stakeholders incurred heavy losses and were forced to resort to extreme measures and reorient their age-old strategies in order to ensure survival and long-term stability. However, after the passing of the relapse waves of COVID-19 accompanied by massive vaccination drives carried out by nations across the globe, different aircraft segments began to recover from 2021.

    The aerospace fluid conveyance systems, a sizeable market, could not escape from such trends and witnessed a colossal decline (-36% in 2020) amid the pandemic. However, as the buoyant aerospace industry gradually heads towards the path of healing, a similar impact is likely to be felt in the aerospace fluid conveyance systems market, which is likely to recoup from 2021 onwards, marking a healthy CAGR of 9.4 % during 2022-2027 to reach US$ 5.1 Billion by 2027.

    Segments' Analysis

    Based on the product type, the aerospace fluid conveyance systems market is segmented into hose assemblies, duct assemblies, and tube assemblies. Duct assembly took the throne in 2021 with the highest share in the market. Ducts are situated throughout the aircraft, from the engine through the fuselage to the leading edges of the wings and the tail of the aircraft. Between low-pressure and high-pressure, high-pressure ducts dominate the aerospace industry.

    Based on the material type, we have segmented the market as nickel-chromium alloys, titanium & alloys, steel & alloys, composites, Teflon, and others. Nickel-Chromium alloys held an irrefutable lead in the market in 2021. Nickel-Chromium alloys offer several advantages, such as high strength, excellent fabricability, outstanding corrosion resistance, and the ability to withstand at cryogenic to 1800°F (982°C). Composites are rapidly gaining traction in low-temperature and high-pressure applications, such as APU inlet, ECS inlet plenum, and APU plenum.

    With the highest growth (YoY) in the demand for aerospace fluid conveyance systems in 2021, Asia-Pacific is expected to remain the fastest-growing market during the forecast period. On the other hand, North America is likely to take lead in the market, driven by the aerospace hub, the USA. The North American market is relatively more consolidated as compared to Europe, with the presence of global players, such as Exotic Metals (Parker-Hannifin), Arrowhead Products, Triumph Group, Unison Industries, and ITT Inc.

    Key Players

     

    The market has witnessed multiple mergers & acquisitions in the past few years. Some of the recent ones are Hutchinson’s acquisition of PFW Aerospace (2019) and Parker Hannifin’s acquisition of Exotic Metals (2019). Also, Meggitt Plc has accepted an all-cash acquisition offer from Parker Hannifin Corp (2021). The following are the key players in the aerospace fluid conveyance systems market.

    • Eaton Corporation Plc
    • Parker-Hannifin Corporation (Exotic Metals)
    • Hutchinson PFW Aerospace GmbH
    • Smith Group Plc
    • Senior Plc
    • Arrowhead Products

    The key aerospace engine manufacturers are:

    • CFM
    • GE Aviation Engines
    • Pratt & Whitney
    • Rolls-Royce.

    The key aircraft OEMs are:

    • Boeing
    • Airbus
    • Lockheed Martin
    • Bombardier
    • Embraer
    • ATR
    • Cessna
    • Gulfstream.

    Research Methodology

     

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace fluid conveyance systems market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

     

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The aerospace fluid conveyance systems market is segmented into the following categories. 

    Aerospace Fluid Conveyance Systems Market, by Vehicle Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Spacecraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Fluid Conveyance Systems Market, by Product Type

    • Hose Assemblies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tube Assemblies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Duct Assemblies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Fluid Conveyance Systems Market, by Material Type

    • Nickel-Chromium Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Titanium & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Stainless Steel & Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Teflon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Fluid Conveyance Systems Market, by Application Type

    • Air Conveyance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fuel Conveyance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hydraulic Conveyance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Conveyance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerospace Fluid Conveyance Systems Market, by Region

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The aerospace fluid conveyance systems market is estimated to grow at an impressive CAGR of 9.4% over the next five years. Factors, such as ramping of production rates by both Airbus and Boeing, upcoming aircraft programs and growing global satellite installations, are expected to drive the growth of the market in the coming five years.

    Eaton Corporation, Senior Plc, Hutchinson PFW Aerospace GmbH, Smith Group Plc, and Parker-Hannifin Corporation (Exotic Metals) are the leading players in the aerospace fluid conveyance systems market.

    North America is estimated to remain dominant in the aerospace fluid conveyance systems market in the foreseen future. The presence of a huge number of tier players and OEMs in the region drive the overall regions market dynamics.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years. China and India are estimated to be the growth propellers for the region.

    Commercial aircraft is expected to be the largest segment in the aerospace & defense fluid conveyance systems market over the next five years.

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