(I-BusinessNews.Com, October 17, 2018 )
Stratview Research announces the launch of a new research report on Aerospace & Defense Fluid Conveyance Systems Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and Others), by Application Type (Fuel, Air, and Hydraulic), by Product Type (Hoses, Low-Pressure Ducts, and High-Pressure Ducts), by Material Type (Nickel & Alloys, Titanium & Alloys, Stainless Steel & Alloys, Composites, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Fluid Conveyance Systems Market in the Global Aerospace & Defense Industry: Highlights
As per Stratview Research, the global aerospace & defense fluid conveyance systems market offers a healthy growth opportunity during the forecast period of 2018 to 2023 and reach $4.3 billion in 2023. The author of the report stated that increasing production rates of commercial and regional aircraft, rising aircraft fleet size, increasing demand for lightweight fluid conveyance systems, and an advancement in fluid conveyance technology to address the emerging requirements for the development of high-thrust turbofan engines are major growth drivers of the market.
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Commercial aircraft is projected to remain the largest and fastest-growing segment of the aerospace & defense fluid conveyance systems market during the forecast period, driven by increasing production rates of best-selling aircraft, such as A320 family, B737, B787 and A350XWB, and rising aircraft fleet size.
In terms of material type, Nickel & alloys (Inconel) are expected to remain the most widely used metal type in the A&D fluid conveyance systems market during the forecast period as they offer several advantages over competing metals, such as high strength, excellent fabricability, outstanding corrosion resistance, and ability to withstand temperature up to 982°C. However, composites are likely to experience the highest growth in the same period, owing to a continuous gain in low-pressure applications.
The global aerospace & defense fluid conveyance systems market is moderately consolidated with more than two dozen players active in the market. Key fluid conveyance system manufacturers for the aerospace & defense industry are Eaton Aerospace, Parker Hannifin Corporation, Senior Aerospace, PFW Aerospace, Zodiac Aerospace, ITT Aerospace, and Unison Industries.
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