Overview and Scope
Aerospace couplers are connections that link two or more lengths of tubing or pipe. They are commonly used in aerospace and defense applications, to transfer power from the engine to various gearboxes on aircrafts and to offer a secure connection and aid in the prevention of leaks. Couplers help in maintaining mechanical connection between onboard systems for safe connection at the time of aircraft refueling.
Sizing and Forecast
The aerospace couplers market size has grown strongly in recent years. It will grow from $4.37 billion in 2023 to $4.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to advancements in aircraft systems, stringent safety regulations, rise in defense spending, increased adoption of fly-by-wire systems, growing aircraft production.
The aerospace couplers market size is expected to see strong growth in the next few years. It will grow to $6.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rapid growth in unmanned aerial vehicles (uavs), emergence of electric aircraft, integration of more advanced avionics, focus on lightweight materials, increased connectivity requirements. Major trends in the forecast period include increased demand for lightweight materials, advancements in material technologies, integration of smart technologies, adherence to stringent safety standards, increased automation in manufacturing processes.
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Segmentation & Regional Insights
The aerospace couplers market covered in this report is segmented –
1) By Type: Emergency Breakaway Coupler, Pressure Coupler, Hydrant Coupler
2) By Application: Commercial, Military
North America was the largest region in the aerospace couplers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace couplers market report during the forecast period. The regions covered in the aerospace couplers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising aerospace industry is expected to propel the growth of the aerospace couplers market going forward. The aerospace industry refers to the sector encompassing the development, production, and operation of aircraft, spacecraft, and related systems and services. Aerospace couplers are utilized in a wide range of applications, including compressors, dynamometer test stands, fans, flywheels, gas turbines, gearboxes, generators, mixers, outfeed rollers, pumps, and others. For instance, in February 2023, according to the International Trade Administration, a US-based Department of Commerce, in 2022, UK civil aerospace turnover totaled approximately $34.5 billion. Therefore, the rising aerospace industry is driving the growth of the aerospace couplers market.
Key Industry Players
Major companies operating in the aerospace couplers market report are Coupling Corporation of America, Intrex Aerospace LLC, United Technologies Corporation India Pvt, Eaton Corporation plc, Senior Aerospace Metal Bellows LLC, Parker Hannifin Corporation, Cla-Val Co., Carlisle Companies Inc, International Telephone And Telegraph Corporation, Rosenberger Hochfrequenztechnik GmbH & Co. KG., Amphenol Corporation, TE Connectivity Ltd., Esterline Technologies Corporation, Smiths Group Plc, Conesys Inc., Ametek Aerospace & Defense, Radiall SA, Souriau SAS, Aero-Electric Connector Inc., Glenair Inc., Winchester Interconnect Corporation, Fischer Connectors SA, LEMO SA, Hirose Electric Co. Ltd., Molex LLC, Cinch Connectivity Solutions, Omnetics Connector Corporation, AirBorn Inc., Odu GmbH & Co. KG, Interstate Connecting Components Inc.
The aerospace couplers market report table of contents includes:
1. Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
………..
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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