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Aerospace & Defense Fluid Conveyance Systems Market Analysis

Report ID: GMI2518 Published Date: September 2023Report Format: PDF
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Aerospace & Defense Fluid Conveyance Systems Market Analysis

Aerospace & Defense Fluid Conveyance System Market, By Aircraft, 2021-2032 (USD Billion)

Based on aircraft, the aerospace & defense fluid conveyance systems market is segmented into commercial aircraft, regional jet, business jet, helicopter, and military aircraft. The commercial aircraft segment was valued at over USD 2 billion in 2022 and is expected to grow at a lucrative pace till 2032. This segment includes all types of passenger & cargo aircraft used for commercial purposes. Fluid conveyance systems are the essential components of commercial aircraft, responsible for distributing & managing fluids or liquids in high- & low-temperature and pressure areas of the aircraft. These systems include low pressure ducting, high pressure ducting, hoses & tubes, and other components designed to convey fluids to valves, components, tools, and actuators. The segment growth in the market is driven by factors such as increasing production of commercial aircraft, rising aircraft fleet size, increasing demand for lightweight fluid conveyance systems and advancements in fluid conveyance technology to address the emerging requirements for the development of high-thrust turbofan engines.

Aerospace & Defense Conveyance Systems Market Share, By Fluid, 2022

Based on fluid, the aerospace & defense fluid conveyance systems market is segmented into fuel, pneumatic, and hydraulic. The pneumatic segment is expected to grow at a CAGR of over 9% through 2032. Pneumatic systems are valued for their rapid response times, reliability, and suitability for mission-critical applications in aerospace & defense. They perform functions including landing gear operation, aircraft braking, cargo handling, and environmental control systems. As the aerospace & defense industry is evolving, with a growing emphasis on efficiency, safety & performance, pneumatic systems offer advantages such as simplicity, lightweight design, and the ability to withstand extreme conditions. Advancements in materials and technology are enhancing the capabilities of pneumatic systems, making them increasingly attractive for both military & civilian applications.

U.S. Aerospace & Defense Fluid Conveyance Systems Market, 2021-2032 (USD Billion)

North America held a significant aerospace & defense fluid conveyance systems market share of over 50% in 2022. The region represents a critical component of the region's aerospace and defense industries. North America has a robust and advanced aerospace & defense sector, making it a hub for innovations in the production of fluid conveyance systems. The U.S. and Canada, with leading aerospace & defense companies as well as numerous specialized manufacturers, are developing cutting-edge technologies for fluid conveyance systems. These systems are engineered to meet the stringent safety and reliability standards, given the aerospace & defense industry's high-stakes nature.

Author: Suraj Gujar , Deeksha Vishwakarma
Frequently Asked Question(FAQ) :

Why is pneumatic fluid segment gaining traction in aerospace & defense fluid conveyance systems industry?+

The pneumatic segment is expected to grow at a CAGR of over 9% through 2032 as pneumatic systems are valued for their rapid response times, reliability, and suitability for mission-critical applications in aerospace & defense.

How big is the aerospace & defense fluid conveyance systems market?+

Market size for aerospace & defense fluid conveyance systems was valued at USD 3.2 billion in 2022 and is anticipated to grow at a CAGR of over 9% between 2023 and 2032, attributed to the increasing production rates of commercial and regional aircraft.

What is the size of North America aerospace & defense fluid conveyance systems industry?+

North America held a significant market share of over 50% in 2022 and will continue to grow over 2023-2032, owing to robust and advanced aerospace & defense sector, making the region a hub for innovations in the production of fluid conveyance systems.

Which are the prominent companies in aerospace & defense fluid conveyance systems market?+

GKN plc, ITT Corporation, Meggitt PLC, Parker Hannifin Corporation, PFW Aerospace AG, Senior plc, Stelia Aerospace, Triumph Group Inc., Unison Industries, United Flexible, and Zodiac Aerospace among others.

Aerospace & Defense Fluid Conveyance Systems Market Scope

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