Aerospace & Defense Fluid Conveyance Systems Market to Get Massive Growth from Duct Components Sector By 2024

Aerospace & defense fluid conveyance systems market duct components segment is protected to dominate market revenue by generating over USD 7 billion in 2024. This segment will drive industry growth owing to a large application such as fuel tank inerting system, engine bleed air and starter system along with leading aircraft wings edges. Rising demand for improved high-quality ducts are made of titanium and nickel provides high material strength to cater new generation aircraft are instigating aerospace & defense fluid conveyance systems Market.

International Air Transport Association has registered more than 3.8 billion air passengers carried by currents airliner across the world. In addition, IATA noted over 7% rise as compared to 2015. Rising disposable income across the world, less expensive flight rates and growing traveling and tourism industry growth fueling aerospace & defense fluid conveyance systems market penetration.

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The rising deployment of fleet services for transportation & military operations has been driving aerospace & defense fluid conveyance systems market considerably since the last few years. With increasing disposable incomes and subsequently changing lifestyles, air transportation has lately gained substantial momentum, fueling the need for commercial aircraft. In addition, in order to eliminate terrorist activities, which have been increasing rapidly since the last few decades, many countries have been deploying unmanned aerial vehicles and high-speed jets. Aided by changing military strategies and heavy investments in the defense sector, aerospace & defense fluid conveyance systems industry size is anticipated to witness a massive upsurge over 2018-2024.

GKN Aerospace, through this development agreement, apparently looked forward to developing fuel systems for UAV (unmanned aerial vehicle) applications. The firm planned to manufacture fuel bladders through a vacuum forming process in conjunction with the latest polyurethane (PU) material that is durable and lightweight. Given that UAVs are prominently used in the defense sector for performing various surveillance and other military tasks, GKN is likely to strengthen its stance in aerospace & defense fluid conveyance systems market through this deal, in addition to encouraging its fellow adversaries to increase their investments in the development of military UAVs.

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North America aerospace & defense fluid conveyance systems market is anticipated to hold dominance with over 50% market share during forecast time frame owing to major manufacturing companies presence. The strong presence of aircraft manufacturers including Airbus, Boeing and Bombardier Aerospace along with rising demand for a fluid mechanism in next-generation aircraft are boosting industry growth.

Some Point from Table of Contents:

Chapter 5.     Aerospace & Defense Fluid Conveyance Systems Market, By Fluid

5.1. Global aerospace & defense fluid conveyance systems market share by fluid, 2017 & 2024

5.2. Fuel

5.2.1.  Market estimates and forecast, 2013-2024

5.2.2.  Market estimates and forecast, by region, 2013-2024

5.3. Pneumatic

5.3.1.  Market estimates and forecast, 2013-2024

5.3.2.  Market estimates and forecast, by region, 2013-2024

5.4. Hydraulic

5.4.1.  Market estimates and forecast, 2013-2024

5.4.2.  Market estimates and forecast, by region, 2013-2024

Chapter 6.     Aerospace & Defense Fluid Conveyance Systems Market, By Component

6.1. Global aerospace & defense fluid conveyance systems market share by component, 2017 & 2024

6.2. Hoses

6.2.1.  Market estimates and forecast, 2013-2024

6.2.2.  Market estimates and forecast, by region, 2013-2024

6.3. Coupling

6.3.1.  Market estimates and forecast, 2013-2024

6.3.2.  Market estimates and forecast, by region, 2013-2024

6.4. Duct

6.4.1.  Market estimates and forecast, 2013-2024

6.4.2.  Market estimates and forecast, by region, 2013-2024

6.5. Seals

6.5.1.  Market estimates and forecast, 2013-2024

6.5.2.  Market estimates and forecast, by region, 2013-2024

6.6. Others

6.6.1.  Market estimates and forecast, 2013-2024

6.6.2.  Market estimates and forecast, by region, 2013-2024

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