PUBLISHER: The Business Research Company | PRODUCT CODE: 1546390
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546390
Aircraft tube and duct assemblies are essential components within aircraft systems, facilitating the flow of fluids and air necessary for the optimal operation of engines, landing gear, and environmental controls. They play a crucial role in enhancing safety, ensuring efficient fluid management, and maintaining compliance with aerospace standards, all while offering a lighter weight alternative to metal components.
The types of ducts found in aircraft tube and duct assemblies include rigid, semi-rigid, and flexible variants. Rigid assemblies are constructed from durable materials such as steel, nickel, titanium, aluminum, composites, and Inconel, designed to maintain their shape without easily bending or flexing. These assemblies serve a wide range of applications across aircraft systems, including engine bleeds, thermal anti-ice systems, pylon ducting (HVAC), fuselages, inlets and exhausts, environmental control systems (ECS), lavatories, and waste systems. Distribution channels for these products include original equipment manufacturers (OEMs) and aftermarket services, catering to both commercial and military aircraft sectors, among others.
The aircraft tube and duct assemblies market research report is one of a series of new reports from The Business Research Company that provides aircraft tube and duct assemblies market statistics, including the aircraft tube and duct assemblies industry global market size, regional shares, competitors with aircraft tube and duct assemblies market share, detailed aircraft tube and duct assemblies market segments, market trends, and opportunities, and any further data you may need to thrive in the aircraft tube and duct assemblies industry. These aircraft tube and duct assemblies market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aircraft tube and duct assemblies market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.92 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. During the historic period, growth was driven by the rising need for lightweight materials in aircraft manufacturing, increasing air passenger traffic leading to fleet expansion, higher defense budgets and military aircraft procurement, growing demand for business jets and private aircraft, and heightened focus on improving cabin comfort and reducing noise levels.
The aircraft tube and duct assemblies market size is expected to see strong growth in the next few years. It will grow to $2.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. In the forecast period, growth is expected to be fueled by increasing demand for air travel, expanding aircraft fleets, rising defense spending, greater emphasis on fuel efficiency, and the expansion of Maintenance, Repair, and Overhaul (MRO) services. Key trends anticipated include the adoption of lightweight materials, advancements in composite materials, deployment of advanced manufacturing technologies, integration of smart sensors and IoT-enabled systems, development of integrated duct and tube systems, and the incorporation of noise-reduction technologies.
The growth of the aircraft tube and duct assemblies market is anticipated to be driven by the expansion of aerospace manufacturing capabilities. This expansion is fueled by increasing demand for new aircraft, investments in research and development, and efforts to enhance production efficiency. Aircraft tube and duct assemblies play a crucial role in aerospace by facilitating the efficient and secure flow of air, fluids, and gases within aircraft structures, thereby ensuring optimal operational performance and safety. For instance, according to the International Trade Administration in November 2023, the UK's civil aerospace turnover in 2022 totaled around $34.5 billion, with the space industry turnover reaching approximately $22 billion in 2021, including $9.5 billion from exports. Therefore, the growth in aerospace manufacturing capabilities is a key driver of the aircraft tube and duct assembly market.
Leading companies in the aircraft tube and duct assemblies market are focusing on developing innovative products using advanced thermoplastic materials to enhance structural strength, reduce maintenance costs, and improve fuel efficiency in aerospace applications. Thermoplastic materials offer benefits such as high strength-to-weight ratios, corrosion resistance, ease of manufacturing, and excellent thermal and acoustic insulation, thereby improving overall efficiency and lowering maintenance expenses for aircraft tube and duct systems. For example, in July 2021, Northrop Grumman, a US-based aerospace and defense company, received Federal Aviation Administration (FAA) approval to use ESD PEKK, an advanced aerospace thermoplastic. ESD PEKK dissipates static, offers thermal stability and chemical resistance, and mitigates radiation damage. It incorporates discontinuous carbon fibers through additive manufacturing, ensuring effective static discharge in critical aerospace systems and enhancing the durability of aircraft tube and duct assemblies to meet rigorous aerospace standards.
In March 2024, AAR Corp., a US-based company specializing in aircraft maintenance services, acquired Triumph Group for an undisclosed sum. This acquisition is intended to strategically strengthen AAR Corp.'s capabilities in aircraft maintenance and broaden its market footprint, particularly in critical aircraft component servicing across commercial and defense sectors. Triumph Group, also based in the US, is known for manufacturing aerospace structures, systems, and components, including aircraft wings, tubes, and air distribution system ducting.
Major companies operating in the aircraft tube and duct assemblies market are Eaton Corporation plc, Safran S.A., Parker-Hannifin Corporation, AMETEK Inc., Leggett & Platt Incorporated, Smiths Group plc, Moog Inc., ITT Inc., Triumph Group Inc., Senior plc, Ducommun Incorporated, Unison Industries LLC, PFW Aerospace GmbH, Societe Nationale de Construction Aerospatiale NV (SONACA NV), Flexaust Company Inc., STEICO Industries Inc., RSA Engineered Products LLC, Sigma Components Holdings Ltd, Woolf Aircraft Products Inc., Fiber Dynamics Inc., Mundo-Tech Inc., PMF Industries Inc., Flexco Inc., Amcraft Manufacturing Inc.
North America was the largest region in the aircraft tube and duct assemblies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft tube and duct assemblies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aircraft tube and duct assemblies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The aircraft tube and duct assemblies market consists of sales of transition ducts and high pressure ducts. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aircraft Tube And Duct Assemblies Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aircraft tube and duct assemblies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aircraft tube and duct assemblies ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aircraft tube and duct assemblies market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.