Aerospace & Defense Fluid Conveyance Systems Market - By Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Fluid, By Component, By Distribution Channel, By Application, Forecast 2023 – 2032
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aerospace & Defense Fluid Conveyance Systems Market - By Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Fluid, By Component, By Distribution Channel, By Application, Forecast 2023 – 2032
Aerospace & Defense Fluid Conveyance Systems Market - By Aircraft (Commercial Aircraft, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Fluid, By Component, By Distribution Channel, By Application, Forecast 2023 – 2032
Aerospace & Defense Fluid Conveyance Systems Market Size
Aerospace & Defense Fluid Conveyance Systems Market size was valued at USD 3.2 billion in 2022 and is anticipated to grow at a CAGR of over 9% between 2023 and 2032.
The market growth is attributed to the increasing production rates of commercial and regional aircraft. This is due to the growing demand for air travel, which has led to an increase in the number of flights and routes offered by airlines. The increased production of aircraft has led to a higher demand for fluid conveyance systems, which are essential components in aircraft. These systems are used to transport fluids, such as fuel, hydraulic fluids, and coolants, throughout the aircraft, and are critical for its safe & efficient operation.
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Aerospace & defense fluid conveyance systems are intricate networks of pipes, hoses, and connectors that transport fluids such as fuels, hydraulic fluids, and gases in aircraft, spacecraft, as well as military vehicles. They must be lightweight, reliable, and resistant to extreme conditions to ensure the safe & efficient operation of aerospace & defense platforms, with a strong emphasis on safety and regulatory compliance.
Report Attribute | Details |
---|---|
Base Year | 2022 |
Aerospace & Defense Fluid Conveyance Systems Market Size in 2022 | USD 3.2 Billion |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 9% |
2032 Value Projection | USD 7 Billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 200 |
Tables, Charts & Figures | 377 |
Segments covered | Aircraft, fluid, component, distribution channel, and application |
Growth Drivers |
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Pitfalls & Challenges |
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Safety & reliability concerns in aerospace & defense fluid conveyance systems are critical pitfalls due to the complex & extreme operating conditions that the systems function in. Any failure, whether in design, materials, or maintenance, can lead to catastrophic consequences, making it imperative to ensure these systems consistently perform without compromising safety.
COVID-19 Impact
The COVID-19 pandemic disrupted the aerospace & defense fluid conveyance systems market in several ways. Supply chain interruptions affected the availability of critical components, leading to production delays. Budgetary constraints stemming from diverted funds to pandemic-related efforts impacted R&D, potentially slowing down innovations. The shift in defense priorities toward resilience and remote operations influenced the requirements for fluid systems. Remote work hindered collaboration, testing, and maintenance activities. The economic downturn, especially in commercial aerospace, had repercussions on investments in defense-related fluid conveyance projects, potentially impacting the industry's overall growth & stability.
Aerospace & Defense Fluid Conveyance Systems Market Trends
Aerospace & defense fluid conveyance systems represent a transformative trend in smart fluid systems where traditional fluid transport components are integrated with advanced sensors, Internet of Things (IoT) technology, and data analytics. These systems enable real-time monitoring & management of fluid conditions such as temperature, pressure, flow rates, and fluid quality. The data collected is processed and analyzed to provide insights into the health & performance of the fluid conveyance system. A primary benefit of such systems is predictive maintenance. By continuously monitoring the system, maintenance teams can anticipate issues before they lead to failures, reducing downtime and increasing operational efficiency. Smart fluid systems enhance safety by quickly identifying & responding to anomalies or leaks, preventing potential accidents. Overall, this trend is driving increased reliability, efficiency, and cost-effectiveness in aerospace & defense fluid conveyance systems.
Aerospace & Defense Fluid Conveyance Systems Market Analysis
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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.
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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.
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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.
Aerospace & Defense Fluid Conveyance Systems Market Share
The aerospace & defense fluid conveyance systems market is highly competitive owing to the presence of key players such as
- AIM Aerospace
- Arrowhead Products Corporation
- Eaton Corporation
- Encore Group
- Exotic Metals Forming LLC
- Flexfab Horizons International
- GKN plc
- ITT Corporation
- Meggitt PLC
- Parker Hannifin Corporation
- PFW Aerospace AG
- Senior plc
- Stelia Aerospace
- Triumph Group Inc.
- Unison Industries
- United Flexible
- Zodiac Aerospace
The industry participants are expected to expand their foothold in the commercial industry with the growing investments into facility centers & acquisitions. Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture the market share are positively impacting the market.
Aerospace & Defense Fluid Conveyance Systems Industry News
- In June 2023, Honda Aircraft announced to launch a new small business jet that can carry up to 11 people, with the aim of having the plane on the market by 2028. The company plans to obtain certification for flight operations from the U.S. aviation authorities to commercialize the new jet, which is categorized as a "light jet" and will be bigger than its existing HondaJet. The primary focus of the plane is high fuel efficiency & capable of a nonstop transcontinental flight across the US.
The aerospace & defense fluid conveyance systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2018 to 2032 for the following segments
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By Aircraft
- Commercial Aircraft
- Regional Jet
- Business Jet
- Helicopter
- Military Aircraft
By Fluid
- Fuel
- Pneumatic
- Hydraulic
By Component
- Hoses
- Couplings
- Ducts
- Seals
By Distribution Channel
- OEM
- Aftermarket
By Application
- Engine
- Airframe
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Aerospace & defense fluid conveyance systems market 360º synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total addressable market (TAM), 2023-2032
2.3 Regional trends
2.4 By aircraft trends
2.5 By fluid trends
2.6 By component trends
2.7 By application trends
2.8 By distribution channel trends
Chapter 3 Aerospace & Defense Fluid Conveyance Systems Market Industry Insights
3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.8.1 Partnership/Collaboration
3.8.2 Merger/Acquisition
3.8.3 Investment
3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing production rates of commercial and regional aircraft
3.10.1.2 Increasing demand for lightweight fluid conveyance systems
3.10.1.3 Surging levels of investment in the defense sector
3.10.1.4 Growing consumer spending on air travel
3.10.2 Industry pitfalls & challenges
3.10.2.1 Cost reduction
3.10.2.2 Safety & reliability
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Company 1
4.3.2 Company2
4.3.3 Company3
4.3.4 Company4
4.3.5 Company 5
4.3.6 Company 6
4.3.7 Company 7
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Aerospace & Defense Fluid Conveyance Systems Market Estimates & Forecast, By Aircraft (Revenue)
5.1 Key trends, by aircraft
5.2 Commercial aircraft
5.3 Regional jet
5.4 Business jet
5.5 Helicopter
5.6 Military aircraft
Chapter 6 Aerospace & Defense Fluid Conveyance Systems Market Estimates & Forecast, By Fluid (Revenue)
6.1 Key trends, by fluid
6.2 Fuel
6.3 Pneumatic
6.4 Hydraulic
Chapter 7 Aerospace & Defense Fluid Conveyance Systems Market Estimates & Forecast, By Component (Revenue)
7.1 Key trends, by component
7.2 Hose
7.3 Couplings
7.4 Ducts
7.5 Seals
Chapter 8 Aerospace & Defense Fluid Conveyance Systems Market Estimates & Forecast, By Distribution channel (Revenue)
8.1 Key trends, by distribution channel
8.2 OEM
8.3 Aftermarket
Chapter 9 Aerospace & Defense Fluid Conveyance Systems Market Estimates & Forecast, By Application (Revenue)
9.1 Key trends, by application
9.2 Engine
9.3 Airframes
Chapter 10 Aerospace & Defense Fluid Conveyance Systems Market Estimates & Forecast, By Region (Revenue)
10.1 Key trends, by region
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 France
10.3.3 Italy
10.3.4 Russia
10.3.5 Spain
10.3.6 Germany
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Singapore
10.4.6 Australia
10.4.7 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Rest of Latin America
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
10.6.4 Rest of MEA
Chapter 11 Company Profiles
11.1 AIM Aerospace
11.2 Arrowhead Products Corporation
11.3 Eaton Corporation
11.4 Encore Group
11.5 Exotic Metals Forming LLC
11.6 Flexfab Horizons International
11.7 GKN plc
11.8 ITT Corporation
11.9 Meggitt PLC
11.10 Parker Hannifin Corporation
11.11 PFW Aerospace AG
11.12 Senior plc
11.13 Stelia Aerospace
11.14 Triumph Group Inc.
11.15 Unison Industries
11.16 United Flexible
11.17 Zodiac Aerospace.