What Has Been The Evolution of the Aerospace Fluid Conveyance Systems Market in Recent Years?
The aerospace fluid conveyance systems market has seen considerable growth due to a variety of factors.
• The market size for aerospace fluid conveyance systems has seen a significant expansion in the past few years, increasing from $3.32 billion in 2024 to an estimated $3.68 billion in 2025. This represents a compound annual growth rate (CAGR) of 11.1%.
The notable growth during the historic period is the result of several factors including enhanced aircraft production, strict safety regulations, fuel efficiency initiatives, a surge in air travel, modernization programs in the military, and the globalization of aerospace supply chains.
What Is the Forecasted Market Size and Growth Rate for The Aerospace Fluid Conveyance Systems Market By 2029?
The aerospace fluid conveyance systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for aerospace fluid conveyance systems is projected to experience robust growth in the upcoming years, with an estimated increase to $5.35 billion by 2029, indicative of a compound annual growth rate (CAGR) of 9.8%.
The predicted advancement for this forecast period is likely due to factors such as sustainable aviation programs, increased demand for urban air mobility, the worldwide expansion of cargo air operations, rising defense budgets, and the introduction of additive manufacturing. The primary trends to monitor during this future forecast period encompass the integration of smart technologies, the usage of manufacturing automation and robotics, in-flight refueling systems, as well as customization and modular systems.
What Are The Leading Drivers Of Growth In The Aerospace Fluid Conveyance Systems Market?
The growing need for air cargo transportation is anticipated to boost the expansion of the aerospace fluid conveyance systems market. Air cargo transportation involves moving goods or cargo via air with the help of aircraft. These systems, essential for the effective and secure functioning of cargo aircraft, regulate the flow of fluids, gases, and power to crucial systems and instruments, enabling seamless air transportation of commodities. For example, as per the International Air Transport Association (IATA), a Canada-based airline trade association, available cargo ton-kilometers (ACTKs), a capacity metric, rose by 11.2% as of July 2022 (or 8% in the case of international operations) in September 2023. In addition, airlines in the Asia-Pacific region experienced a 2.7% rise in their air cargo volumes in July 2023 compared to the same period in 2022. Consequently, the increasing demand for commercial aircraft is fuelling the growth of the aerospace fluid conveyance systems market. The rise in the utilisation of unmanned aerial vehicles (UAV) across multiple industries is projected to accelerate the expansion of the aerospace fluid conveyance systems market in the forthcoming period. UAVs are robotic aircraft that obey remote instructions from their pilots or rely on technology for autonomous flight. These systems are crucial for the reliable and effective functioning of UAVs in various applications and significantly contribute to improved overall performance, safety, and mission capabilities. As per the International Trade Administration, a branch of the US Department of Commerce, in May 2024, around 38% of UAVs were imported in 2022, while 34% were exported. In the first half of 2023, total exports surged by 3.3%, while imports fell by 4.3%, culminating in an export surplus of 98.7 billion euros. Therefore, the rising utilisation of UAVs across several industries is propelling the aerospace fluid conveyance systems market.
What Are The Main Segments Of The Global Aerospace Fluid Conveyance Systems Market?
The aerospace fluid conveyance systems market covered in this report is segmented –
1) By Product Type: Hoses, Low-Pressure Ducts, High-Pressure Ducts
2) By Aircraft Type: Commercial Aircraft, Regional Aircraft, Helicopter, Other Aircraft Types
3) By Material Type: Nickel And Alloys, Titanium And Alloys, Stainless Steel And Alloys, Composites, Other Material Types
4) By Application Type: Fuel, Air, Hydraulic
5) By End User: General Aviation, Civil Aviation, Military Aircraft
Subsegments:
1) By Hoses: Flexible Hoses, Rigid Hoses
2) By Low-Pressure Ducts: Air Ducts, Fluid Transfer Ducts
3) By High-Pressure Ducts: Hydraulic Ducts, Fuel Ducts
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What Emerging Trends Are Influencing The Growth Of The Aerospace Fluid Conveyance Systems Market?
Top players in the aerospace fluid conveyance systems market are establishing strategic alliances to boost their tech prowess, optimize their supply chains, and broaden their international market presence. Such collaborations in the aerospace fluid conveyance systems realm encourage ingenuity, enhance product development efficiency, and heighten exposure to emerging markets and technologies, eventually resulting in more potent and dependable industry solutions. For example, in September 2023, KNA Aerospace, an aerospace firm based in the USA, inked a joint development contract (JDA) with GE Aviation, to design lightweight metallic floor panels for aerospace uses. This collaboration is centered on inventing cutting-edge materials to enhance the performance and efficiency of aircraft structures, aligning with the industry's shift towards sustainability and weight reduction.
Who Are the Key Players In The Aerospace Fluid Conveyance Systems Market?
Major companies operating in the aerospace fluid conveyance systems market report are:
• General Electric Company
• Lockheed Martin Corporation
• AIM Industries Inc.
• Safran SA
• Eaton Corporation PLC
• TE Connectivity Ltd.
• SKF AB
• Arconic Corporation
• Precision Castparts Corp
• TransDigm Group Incorporated
• GKN Aerospace Services Limited
• Crane Co
• Smiths Group PLC
• ITT Corporation
• Woodward Inc.
• Stelia Aerospace
• Triumph Group Inc.
• Senior PLC
• Kaman Corporation
• PFW Aerospace GmbH
• Arrowhead Products Corporation
• SEKISUI Aerospace Inc.
• Hutchinson S.A.
• Titeflex Corporation
• Flexfab LLC
• CFM S.r.l.
• Seginus Aerospace LLC
• Amcraft Manufacturing Inc.
What Is The Most Dominant Region In The Aerospace Fluid Conveyance Systems Market?
North America was the largest region in the aerospace fluid conveyance systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace fluid conveyance systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
