Global Aerospace & Defense Ducting Market Segments 2024, Forecast To 2033
5 Mar, 2024
The aerospace & defense ducting market has witnessed steady growth, expected to increase from $5.41 billion in 2023 to $5.64 billion in 2024, at a 4.3% compound annual growth rate (CAGR). The historic growth is attributed to military expenditure, aircraft production rates, regulatory compliance, and economic cycles. The market is projected to continue steady growth, reaching $6.75 billion in 2028, with a 4.6% CAGR. The forecasted growth is driven by factors such as cybersecurity requirements, MRO industry growth, aircraft maintenance & upgrades, increased air travel, aerospace innovation, and trends including augmented reality assistance and condition-based maintenance.
Global Aerospace & Defense Ducting Market Key Driver
The aerospace and defense ducting market is poised for growth with the rising production of aircraft. Airbus, in particular, reported a substantial increase in commercial aircraft deliveries, reaching 661 in 2022. The demand for aerospace and defense ducting in aircraft production contributes to market expansion.
Get A Free Sample Of The Global Aerospace & Defense Ducting Market ReportGlobal Aerospace & Defense Ducting Market Segments
The aerospace & defense ducting market covered in this report is segmented –
1) By Duct Type: Rigid, Semi-Rigid, Flexible
2) By Material: Titanium Ducts, Stainless Steel Ducts, Nickel Alloy Ducts, Composite Ducts
3) By Pressure: High Pressure, Low Pressure
4) By Application: Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the aerospace and defense ducting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace and defense ducting market report during the forecast period. The regions covered in the aerospace & defense ducting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Aerospace & Defense Ducting Industry Players
Arrowhead Products; AIM Aerospace Inc.; Eaton Corporation Plc.; EnCore Aerospace; Senior plc; Exotic Metals Forming LLC; Meggitt PLC; Unison Industries LLC; GKN plc; Stelia Aerospace; ITT Aerospace; PFW Aerospace AG; Triumph Group; Zodiac Aerospace; Saint-Gobain Performance Plastics; Titeflex Aerospace; Flexfab Horizons International; Parker Hannifin; Hutchinson Aerospace; Safran; Collins Aerospace; Honeywell Aerospace; GE Aviation; Rolls-Royce; Pratt & Whitney; BAE Systems; Lockheed Martin; Boeing; Airbus; Northrop Grumman; General Dynamics; Raytheon Technologies; L3Harris Technologies
Get The Full Global Aerospace & Defense Ducting Market Report
AIOps Aerospace & Defense Ducting Market Overview
Aerospace and defense ducting is a specialized tubing or channel used for transferring air, gases, and liquids from one point to another point within an aircraft, spacecraft, or military vehicle. They play a crucial part in an aircraft's performance by dispersing air to guarantee adequate temperature regulation, ventilation, humidity control, and noise reduction.
Aerospace & Defense Ducting Global Market Report 2023 provides data on the global aerospace & defense ducting market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace & defense ducting market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.