Aerospace And Defense Composite Ducting Market
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace & defense composite ducting market realities and future market possibilities for the forecast period of 2019 to 2024. 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 stakeholders and investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies.
The global aerospace & defense composite ducting market is projected to reach US$ 864.7 million in 2024. Increasing production rates of major aircraft programs, such as A320 family, A350XWB, B737, and B787; upcoming aircraft and introduction of variants of the existing aircraft platforms, such as C919, MC-21, B737 Max, and A320neo; continuous shift from metal ducts to composite ducts to achieve greater fuel efficiency; an advancement in the ducting technology; and growing aircraft fleet size are major growth drivers of the global aerospace & defense composite ducting market.
Commercial aircraft is expected to remain the growth engine of the global aerospace & defense composite ducting market during the forecast period. This aircraft segment is also expected to witness the highest growth over the next five years, driven by increasing production rates of key aircraft programs, such as B737, A320, B787, and A350 and continuous shift from metal ducts to composite ducts in both low-pressure and high-pressure applications. Regional aircraft is also projected to witness impressive growth during the same period.
Low-pressure applications currently dominate the global aerospace & defense composite ducting market. Composite ducting is widely preferred in the low-pressure applications throughout the entire breadth of fixed and rotary wing aircraft types and offers several advantages, such as lightweight, an excellent strength, thermal resistance, and ability to mold complex shapes.
Glass fiber is the most widely used reinforcement type in the global aerospace & defense composite ducting market and is expected to remain the largest reinforcement type over the next five years. This fiber type is highly preferred in low-pressure applications, such as cabin air recirculation and cabin sidewall riser as it offers good mechanical performance at a relatively lower cost. Epoxy, phenolic, and thermoplastic resins are used along with the glass fibers to manufacture ducting. Carbon fiber is likely to witness the highest growth over the next five years.
North America is expected to remain the largest market for global aerospace & defense composite ducting over the next five years. This region is the manufacturing hub of the advanced composites industry with the presence of several large- to small-sized part fabricators, prepreggers, and raw material suppliers. Boeing, Bombardier, and Lockheed Martin are major aircraft manufacturers in North America. Asia-Pacific is likely to experience the highest growth during the forecast period, driven by the demand for composite ducting in upcoming commercial and regional aircraft, such as COMAC C919 and Mitsubishi MRJ.
The supply chain of this market comprises raw material manufacturers, composite ducting manufacturers, Engine OEMs, and aircraft OEMs, and airline companies. The key aerospace engine manufacturers are CFM, GE Aviation Engines, and Pratt & Whitney and key aircraft OEMs are Boeing, Airbus, Lockheed Martin, Bombardier, Embraer, ATR, Cessna, and Gulfstream.
The key composite ducting manufacturers for the aerospace & defense industry are Senior Aerospace, Triumph Group, ITT Corporation, Parker Hannifin Corporation, Arrowhead Products, AIM Aerospace, and Stelia North America. New product development, the formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by the key players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.
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:
The global aerospace & defense composite ducting market is segmented into the following categories.
Aerospace & Defense Composite Ducting Market by Aircraft Type:
Aerospace & Defense Composite Ducting Market by Pressure Type:
Aerospace & Defense Composite Ducting Market by Application Type:
Aerospace & Defense Composite Ducting Market by Reinforcement Type:
Aerospace & Defense Composite Ducting Market by Matrix Type:
Aerospace & Defense Composite Ducting Market by Manufacturing Process Type:
Aerospace & Defense Composite Ducting Market by Region:
Report Customization Options
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