The global aircraft tube and duct market in 2022 was US$ 1,300 million and is estimated to be valued at US$ 2,650.23 million in 2023. As Per Future Market Insights estimation, the aircraft tube and duct market is projected to expand at a CAGR of 8.92% between 2023 and 2033, totaling around US$ 6,229.4 million by 2033.
Manufacturers mainly focus on the advancements in technology and the companies intend on delivering modern and sophisticated tube and duct assembly solutions. The company strategizes by a decrease in developmental costs and reducing development time with the reference to design software for smart and energy-efficient aircraft tube and duct assemblies.
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The surge in the demand for aircraft tube and duct assemblies is thus, expected in the creation of beneficial opportunities for the market rate. Whereas, a decline in demand for aircraft tube and duct assemblies and the financial crisis among consumers are anticipated to act as major restraining factors for the growth of the aircraft tube and duct assemblies market during the forecasted period.
Key Takeaways from the Market Study
- Sales of the aircraft tube and duct market are said to account for a 3% share of the aircraft tube and duct market.
- The anticipated value of the global aircraft tube and duct market expanded at a CAGR of 7.42% between 2018 and 2022.
- Aircraft tube and duct industry in North America holds a market share of 44.4%.
- Global industrial landscape for Europe occupies a significant share of 24.6%.
- India is expected to have a dominant market expanding at a CAGR of 7.77% during the forecast period.
- Based on application type segmentation, it is mentioned that demand for engine bleeds is said to be with a market share of 70.2%.
- Based on the aircraft type segment, commercial aircraft is set to retain their dominating positions in the aircraft tube and duct assemblies market with a market share of 77%.
“Maintenance systems equipped with connective technologies are being launched is said to be one of the major drivers of the aircraft tube and duct market”, comments a Future Market Insights analyst.
Competition Landscape
The aircraft tube and duct industry consists of several market players. Research and development is one of them that is mainly used for the introduction of environmental-friendly product lines from the core aspect of these manufacturers. In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.
Some of the prominent players profiled in the global market are-
- Eaton
- AMETEK, Inc.
- Smiths Group PLC
- Leggett & Platt, Incorporated
- Senior PLC
- PFW Aerospace GmbH
- Sigma Precision Components Ltd.
- RSA Engineered Products LLC
- Exotic Metals Forming
- Mundo-Tech, Inc.
- Flexco Inc.
- Rangsons Schuster Technologies Pvt. Ltd.
- Hartzell Aerospace
Some of the key developments of the leading players in the aircraft tube and duct market are-
- In January 2023, Exotic Metals Forming Company is going to try to broaden its approaches to exploration and development that might monetize its low carbon position through premia.
- In December 2022, Hartzell highlighted new propeller products at EAA AirVenture 2022 for aircraft that include the Diamond DA40 NG, Mooney M20M/TLS/Bravo, and Wipaire’s four-blade carbon fiber propeller STC for the Cessna Caravan.
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Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global aircraft tube and duct assemblies market providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the aircraft tube and duct market, it is segmented based on key Applications: (Engine Bleeds, Thermal Anti-Ice, Pylon Ducting (HVAC) Enamel, Fuselages, Inlets/Exhausts, Environment Control Systems (ECS), Lavatories, Waste Systems), Aircraft Type: [Commercial Aircraft-(Narrow Body Aircraft, Wide Body Aircraft, Regional Jets, Fighter Jets), Military Aircraft], Material: (Steel, Nickel, Titanium, Aluminum, Composite, Inconel), Sales Channel: (OEMs, Aftermarket) and Region: (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa)
Aircraft Tube and Duct Assemblies Market Segmentation
By Applications:
- Engine Bleeds
- Thermal Anti-Ice
- Pylon Ducting (HVAC) Enamel
- Fuselages
- Inlets/Exhausts
- Environment Control Systems (ECS)
- Lavatories
- Waste Systems
By Aircraft Type:
- Commercial Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Fighter Jets
- Military Aircraft
By Material:
- Steel
- Nickel
- Titanium
- Aluminum
- Composite
- Inconel
By Sales Channel:
- OEMs
- Aftermarket
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- The Middle East & Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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