Aerospace And Defense Ducting Market Analysis: Major Players, Lucrative Segments And Top Geographies
30 May, 2023
The global aerospace and defense ducting market size is expected to grow from $5.18 billion in 2022 to $5.40 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global aerospace and defense ducting market size is expected to reach $6.21 billion in 2027 at a CAGR of 3.6%.
Global Aerospace And Defense Ducting Market Key Driver
The increase in aircraft production is projected to drive the growth of the aerospace and defence ducting industry in the future. The increase in aircraft production refers to an increase in the number of aircraft manufactured. This trend is due to increased demand for air travel, the need to replace ageing aircraft, and the introduction of new aircraft models. Aerospace and defence ducting contributes to aircraft production by providing ducting tubes, channels, and ducting systems that enable ventilation, air conditioning, heating, and fuel transfer within an aircraft.
Get a sample of the global aerospace and defense ducting market reportGlobal Aerospace And Defense Ducting Market Segments
The global aerospace and defense ducting market 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
5) By Geography: The regions covered in the aerospace and defense ducting market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global aerospace and defense ducting market.
Major Aerospace And 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
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Aerospace And 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 And Defense Ducting Global Market Report 2023 provides data on the global aerospace and defense ducting market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aerospace and defense ducting market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.