The aerospace & defense ducting market is estimated to grow at a substantial rate on the back of notable investments fixated towards the development of advanced aircraft engines having ultra-high pressure ratios. Aircraft ducting systems use lightweight ducts to offer a comfortable cabin atmosphere for aircraft payload like avionics, air passengers, and other onboard systems.
Incorporation of bypass ducts as well as axially segmented liners within the intake in turbofan engines helps in enhancing aircraft noise control. Advanced laser machining and hydroforming technologies are used for connecting engine by-pass ducts with complex sheet metal configurations. Several aerospace ducting manufacturers are developing new products and services. In 2019, Eaton along with Shanghai Aircraft Manufacturing Co., announced their plan to offer duct, hose and tube repair services in the Asia Pacific region.
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One of the major factors that is favoring aerospace & defense ducting market share is the humongous increase in the military expenditures of developed and emerging economies. According to the recently released estimates of the Stockholm International Peace Research Institute, the total global military expenditure jumped 2.6 percent to USD 1.8 trillion in the year 2018. The military expenditure of the U.S. grew for the first time in seven years, reaching USD 649 billion owing to the focus on new procurement programs in the Trump administration.
Apart from the new business opportunities opened up by rising military expenditure, aerospace & defense ducting market outlook appears promising due to stringent guidelines by non-government and government regulatory authorities such as FAA and EASA for the maintenance of standards and airworthiness requirements of ventilation and heating systems.
Speaking of aircraft deliveries, Boeing set a new annual record of 806 deliveries last year despite straddled with a seven-year order backlog, registering an increase of more than five percent as compared with 2017. Additionally, the adoption of advanced manufacturing technologies has helped the aircraft manufacturers to continuously improving quality and productivity, essentially driving the demand for ducting systems in the aerospace and defense sector.
Driven by growing demand for low-cost carriers, dire requirement of replacing ageing airplanes, increasing military expenditure, and establishment of new maintenance and repair centers, the worldwide aerospace & defense ducting market share would expand at a decent pace in the years to come. As per a report, the remuneration portfolio of market is forecast to exceed USD 7 billion by 2025.
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In terms of geographical expansion, North America has emerged as one of the most profitable terrains for the major aerospace & defense ducting market players. The presence of marquee aircraft manufacturers such as Boeing and Lockheed Martin has been instrumental in strengthening the product demand in the North American nations. Moreover, the increasing number of aircraft deliveries by aircraft manufacturers is certainly enhancing the overall market share.
Major Key Points from Table of Content:
Chapter 5. Aerospace & Defense Ducting Market, By Duct Type
5.1. Global market share by duct type, 2018 & 2025
5.2.1. Global market estimates and forecasts, 2013 – 2025
5.2.2. Market estimates and forecast, by region, 2013 – 2025
5.3.1. Global market estimates and forecasts, 2013 – 2025
5.3.2. Market estimates and forecast, by region, 2013 – 2025
5.4.1. Global market estimates and forecasts, 2013 – 2025
5.4.2. Market estimates and forecast, by region, 2013 – 2025
Chapter 6. Aerospace & Defense Ducting Market, By Application
6.1. Global market share by application, 2018 & 2025
6.2.1. Global market estimates and forecasts, 2013 – 2025
6.2.2. Market estimates and forecast, by region, 2013 – 2025
6.3.1. Global market estimates and forecasts, 2013 – 2025
6.3.2. Market estimates and forecast, by region, 2013 – 2025
6.4.1. Global market estimates and forecasts, 2013 – 2025
6.4.2. Market estimates and forecast, by region, 2013 – 2025
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