The Aerospace & Defense Ducting by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Aerospace & Defense Ducting Market:
https://www.thebusinessresearchcompany.com/report/aerospace-and-defense-ducting-global-market-report
According to The Business Research Company’s Aerospace & Defense Ducting, The aerospace & defense ducting market size has grown steadily in recent years. It will grow from $5.41 billion in 2023 to $5.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to military expenditure, aircraft production rates, regulatory compliance, supply chain shifts, economic cycles..
The aerospace & defense ducting market size is expected to see steady growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to cybersecurity requirements, mro industry growth, aircraft maintenance & upgrades, increased air travel, aerospace innovation.. Major trends in the forecast period include augmented reality assistance, condition-based maintenance, adaptability to uavs, enhanced durability, thermal management solutions..
The rise in aircraft production is expected to propel the growth of the aerospace and defense ducting market going forward. The rise in aircraft production refers to an increase in the number of aircraft being manufactured. This shift is due to the growing demand for air travel, the need for the replacement of aging aircraft, and the introduction of new aircraft models. The aerospace and defense ducting helps in aircraft production by providing ducting tubes, channels, and ducting systems that enable ventilation, air conditioning, heating, and fuel transfer within an aircraft. For instance, in January 2023, according to an article published by Airbus SE, a Netherlands-based manufacturer and developer of aerospace services, solutions, and products, in 2022, the business delivered 661 commercial aircraft to 84 customers and received 1,078 gross new orders. Airbus had a backlog of 7,239 aircraft as of December 2022. In 2022, the company supplied 84 customers with 661 deliveries, an 8 percent increase over 2021. Therefore, the rise in the production of aircraft is driving the growth of the aerospace and defense ducting market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=9849&type=smp
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
The development of in-house testing facilities is a key trend gaining popularity in the aerospace and defense ducting market. Companies operating in the aerospace and defense ducting market are focusing on developing in-house testing facilities to develop and test new ducting designs, evaluate their performance, and identify areas of improvement. For instance, in November 2022, Bellatrix Aerospace, an India-based aerospace and small satellite manufacturer, established a new facility to speed up prototype and model rollouts, supporting their testing lab incubated at the Indian Institute of Science. (IISc). The facility will be utilized for rapid prototyping and fabrication, allowing the company to release more models more quickly. It would supplement their existing lab at IISc, where they have previously tested all of their systems and technologies.
Major Plaqyers:
- Arrowhead Products
- AIM Aerospace Inc.
- Eaton Corporation Plc.
- EnCore Aerospace
- Senior PLC
The aerospace & defense ducting market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
