Industry Background:
The global aerospace defense ducting system market is expected to witness high growth owing to increasing need to provide optimum air supply, heating, and ventilation to maintain comfortable aircraft cabin environment. Ducting system is used in high as well as low temperature and pressure areas of the rotary and fixed-winged aircraft for both military and civil applications. The low-pressure ducting system are used in low pressure and temperature applications including transition ducts, flight deck instrumentation cooling, windscreen demisting, cabin sidewall riser duct, avionics ventilation, acoustic silencer, air conditioned supply, and cabin recirculation.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Arrowhead Products (United States), GKN Plc (United Kingdom), Meggitt Plc (United Kingdom), Stelia Aerospace (France), AIM Aerospace (United States), Eaton Aerospace (Ireland), Parker Hannifin (United States), Senior Aerospace (United Kingdom), Zodiac Aerospace (France) and ITT Aerospace (United States) |
This growth is primarily driven by Growing Demand for Aircraft in Emerging Countries and Increasing Aircraft Order Backlogs and Production Rates.
Globally, a noticeable market trend is evident The Growing Prominence of Efficient Air Management and Cabin Pressurization in Aircrafts
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Arrowhead Products (United States), GKN Plc (United Kingdom), Meggitt Plc (United Kingdom), Stelia Aerospace (France), AIM Aerospace (United States), Eaton Aerospace (Ireland), Parker Hannifin (United States), Senior Aerospace (United Kingdom), Zodiac Aerospace (France) and ITT Aerospace (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Aerospace Defense Ducting Systems market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 29th July 2019, Parker Hannifin Corporation, the global leader in motion and control technologies, has announced that it has entered into a definitive agreement to acquire Exotic Metals Forming Company LLC. The deal was established for USD 1.725 billion in cash.
On 16th July 2019, Meggitt PLC, a leading international company specializing in high-performance components and sub-systems for the aerospace, defense and energy markets, and Luna Innovations Inc., a market leader for fiber optic-based technology, have signed an exclusive license agreement for the supply of fiber optic components and technology for aircraft fire and overheat detection equipment.
Influencing Trend:
The Growing Prominence of Efficient Air Management and Cabin Pressurization in Aircrafts and Development of Advanced Air Conditioning and Propulsion Systems
Market Growth Drivers:
Growing Demand for Aircraft in Emerging Countries and Increasing Aircraft Order Backlogs and Production Rates
Challenges:
Stringent Government Regulation Associated with Aerospace Defense Ducting Systems
Restraints:
High Cost of Raw Material Used
Opportunities:
The Increasing Disposable Income of Developing Countries and Advancement in Technology of Aerospace Defense Ducting Systems
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aerospace Defense Ducting Systems Market
- Analysis about New Entrants in Aerospace Defense Ducting Systems Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aerospace Defense Ducting Systems Study Sheds Light on
The Aerospace Defense Ducting Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aerospace Defense Ducting Systems industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aerospace Defense Ducting Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.