The aerospace & defense ducting market size has grown steadily in recent years. It will grow from $5.41 billion in 2023 to $5.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth observed during the historical period in the aerospace and defense ducting industry can be attributed to several factors. These include fluctuations in military expenditure, variations in aircraft production rates, adherence to regulatory compliance standards, shifts in the supply chain, and economic cycles impacting the aerospace and defense sectors. These factors collectively influenced the demand for ducting systems within the industry.
The aerospace & defense ducting market size is expected to see steady growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period for the aerospace and defense ducting industry can be attributed to various key factors. These include the increasing emphasis on cybersecurity requirements, growth in the Maintenance, Repair, and Overhaul (MRO) industry, ongoing aircraft maintenance and upgrade activities, the rising trend in air travel, and continued innovation within the aerospace sector. Major trends expected in the forecast period include the adoption of augmented reality assistance for maintenance tasks, the implementation of condition-based maintenance approaches, adaptability to Unmanned Aerial Vehicles (UAVs), the enhancement of ducting system durability, and the incorporation of thermal management solutions. These trends collectively reflect the industry's response to emerging challenges and advancements in aerospace technologies.
The upsurge in aircraft production stands poised to act as a driving force for the aerospace and defense ducting market's expansion in the foreseeable future. This surge is characterized by an increased manufacturing output of aircraft, attributed to escalating air travel demands, the necessity for replacing aging aircraft, and the introduction of novel aircraft models. Aerospace and defense ducting contribute significantly to aircraft production by providing essential components such as ducting tubes, channels, and ducting systems, enabling crucial functionalities such as ventilation, air conditioning, heating, and fuel transfer within aircraft. Notably, Airbus SE disclosed in January 2023 that it delivered 661 commercial aircraft to 84 customers and received 1,078 new orders in 2022, with a backlog of 7,239 aircraft as of December 2022. This surge in deliveries, an 8 percent rise from 2021, underscores how the increased aircraft production is a driving factor behind the growth of the aerospace and defense ducting market.
The escalation in defense expenditure is expected to be a catalyst for propelling the aerospace and defense ducting market's growth trajectory moving forward. This increase in defense expenditure refers to the financial allocations by governments for military purposes, encompassing efforts to maintain and modernize armed forces, develop new weapons and technologies, and cover operational costs. The focus on enhancing aircraft performance, reducing emissions, and improving fuel efficiency is fueling the demand for advanced ducting materials and designs. This demand directly aligns with defense expenditure objectives, especially concerning high-performance aircraft systems. As per the Stockholm International Peace Research Institute's findings in 2022, global military expenditure soared by 3.7%, reaching a record $2240 billion. Thus, the surge in defense expenditure emerges as a significant driver for the growth of the aerospace and defense ducting market.
The emergence of in-house testing facilities signifies a noteworthy trend gaining traction within the aerospace and defense ducting market. Market players are directing their attention towards developing dedicated in-house testing facilities to ideate, test, and assess new ducting designs, evaluate their performance, and pinpoint areas for enhancement. For instance, in November 2022, Bellatrix Aerospace, an India-based aerospace and small satellite manufacturer, inaugurated a new facility aimed at expediting prototype and model rollouts, reinforcing their testing lab incubated at the Indian Institute of Science (IISc). This facility is specifically geared for rapid prototyping and fabrication, enabling quicker model releases and complementing their existing lab at IISc, where comprehensive testing of systems and technologies has been conducted in the past.
Prominent firms operating in the aerospace and defense ducting market are actively forging strategic partnerships aimed at accessing new markets and cultivating a broader customer base within the industry. These strategic partnerships involve companies leveraging each other's strengths and resources to attain mutual advantages and foster success. A notable example occurred in September 2022 when Wencor Group, a Georgia-based airline company, unveiled an exclusive multi-year defense channel partnership with AMETEK FMH, a US-based provider specializing in aviation and aerospace component manufacturing, particularly sensors and fluid management systems designed for military and government applications. This collaborative effort between Wencor and AMETEK FMH intends to fortify their foothold in the defense market while facilitating enhanced access to innovative products and solutions for military and government clientele.
In June 2022, CECO Environmental, a US-based enterprise specializing in air filtration, separation, and fluid management, executed the acquisition of Western Air Ducts Ltd., a UK-based industrial air quality consultancy and engineering firm, with the specific financial terms undisclosed. This strategic acquisition by CECO Environmental was instrumental in expanding the company's scope within the industrial air domain, notably increasing its addressable market by over $150 million. Western Air Ducts Ltd., renowned for providing comprehensive solutions in dust and fume extraction, represents a significant addition to CECO Environmental's portfolio, augmenting its capabilities in addressing diverse industrial air quality needs.
Major companies operating in the aerospace & defense ducting market report are Arrowhead Products, AIM Aerospace Inc., Eaton Corporation Plc., EnCore Aerospace, Senior plc, Exotic Metals Forming LLC, Meggitt PLC, Unison Industries LLC, GKN plc, Stelia Aerospace, ITT Aerospace, PFW Aerospace AG, Triumph Group, Zodiac Aerospace, Saint-Gobain Performance Plastics, Titeflex Aerospace, Flexfab Horizons International, Parker Hannifin, Hutchinson Aerospace, Safran, Collins Aerospace, Honeywell Aerospace, GE Aviation, Rolls-Royce, Pratt & Whitney, BAE Systems, Lockheed Martin, Boeing, Airbus, Northrop Grumman, General Dynamics, Raytheon Technologies, L3Harris Technologies.
North America was the largest region in the aerospace and defense ducting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace and defense ducting market report during the forecast period. The regions covered in the aerospace & defense ducting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace & defense ducting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of ducts used in aerospace and defense ducting include rigid, semi-rigid, and flexible options. Rigid ducts have a fixed shape and are typically constructed from materials such as aluminum, stainless steel, or composites. Different materials, such as titanium, stainless steel, nickel alloy, and composites, are used to manufacture rigid ducts, and these are applied in various aircraft types, including commercial aircraft, regional aircraft, general aviation, helicopters, and military aircraft. Rigid ducts are suitable for applications at both high and low pressures.
The aerospace and defense ducting market research report is one of a series of new reports that provides aerospace and defense ducting optical components market statistics, including aerospace and defense ducting optical components industry global market size, regional shares, competitors with an aerospace and defense ducting optical components market share, detailed aerospace and defense ducting optical components market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense ducting optical components industry. This aerospace and defense ducting optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
This product will be delivered within 3-5 business days.
The aerospace & defense ducting market size is expected to see steady growth in the next few years. It will grow to $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period for the aerospace and defense ducting industry can be attributed to various key factors. These include the increasing emphasis on cybersecurity requirements, growth in the Maintenance, Repair, and Overhaul (MRO) industry, ongoing aircraft maintenance and upgrade activities, the rising trend in air travel, and continued innovation within the aerospace sector. Major trends expected in the forecast period include the adoption of augmented reality assistance for maintenance tasks, the implementation of condition-based maintenance approaches, adaptability to Unmanned Aerial Vehicles (UAVs), the enhancement of ducting system durability, and the incorporation of thermal management solutions. These trends collectively reflect the industry's response to emerging challenges and advancements in aerospace technologies.
The upsurge in aircraft production stands poised to act as a driving force for the aerospace and defense ducting market's expansion in the foreseeable future. This surge is characterized by an increased manufacturing output of aircraft, attributed to escalating air travel demands, the necessity for replacing aging aircraft, and the introduction of novel aircraft models. Aerospace and defense ducting contribute significantly to aircraft production by providing essential components such as ducting tubes, channels, and ducting systems, enabling crucial functionalities such as ventilation, air conditioning, heating, and fuel transfer within aircraft. Notably, Airbus SE disclosed in January 2023 that it delivered 661 commercial aircraft to 84 customers and received 1,078 new orders in 2022, with a backlog of 7,239 aircraft as of December 2022. This surge in deliveries, an 8 percent rise from 2021, underscores how the increased aircraft production is a driving factor behind the growth of the aerospace and defense ducting market.
The escalation in defense expenditure is expected to be a catalyst for propelling the aerospace and defense ducting market's growth trajectory moving forward. This increase in defense expenditure refers to the financial allocations by governments for military purposes, encompassing efforts to maintain and modernize armed forces, develop new weapons and technologies, and cover operational costs. The focus on enhancing aircraft performance, reducing emissions, and improving fuel efficiency is fueling the demand for advanced ducting materials and designs. This demand directly aligns with defense expenditure objectives, especially concerning high-performance aircraft systems. As per the Stockholm International Peace Research Institute's findings in 2022, global military expenditure soared by 3.7%, reaching a record $2240 billion. Thus, the surge in defense expenditure emerges as a significant driver for the growth of the aerospace and defense ducting market.
The emergence of in-house testing facilities signifies a noteworthy trend gaining traction within the aerospace and defense ducting market. Market players are directing their attention towards developing dedicated in-house testing facilities to ideate, test, and assess new ducting designs, evaluate their performance, and pinpoint areas for enhancement. For instance, in November 2022, Bellatrix Aerospace, an India-based aerospace and small satellite manufacturer, inaugurated a new facility aimed at expediting prototype and model rollouts, reinforcing their testing lab incubated at the Indian Institute of Science (IISc). This facility is specifically geared for rapid prototyping and fabrication, enabling quicker model releases and complementing their existing lab at IISc, where comprehensive testing of systems and technologies has been conducted in the past.
Prominent firms operating in the aerospace and defense ducting market are actively forging strategic partnerships aimed at accessing new markets and cultivating a broader customer base within the industry. These strategic partnerships involve companies leveraging each other's strengths and resources to attain mutual advantages and foster success. A notable example occurred in September 2022 when Wencor Group, a Georgia-based airline company, unveiled an exclusive multi-year defense channel partnership with AMETEK FMH, a US-based provider specializing in aviation and aerospace component manufacturing, particularly sensors and fluid management systems designed for military and government applications. This collaborative effort between Wencor and AMETEK FMH intends to fortify their foothold in the defense market while facilitating enhanced access to innovative products and solutions for military and government clientele.
In June 2022, CECO Environmental, a US-based enterprise specializing in air filtration, separation, and fluid management, executed the acquisition of Western Air Ducts Ltd., a UK-based industrial air quality consultancy and engineering firm, with the specific financial terms undisclosed. This strategic acquisition by CECO Environmental was instrumental in expanding the company's scope within the industrial air domain, notably increasing its addressable market by over $150 million. Western Air Ducts Ltd., renowned for providing comprehensive solutions in dust and fume extraction, represents a significant addition to CECO Environmental's portfolio, augmenting its capabilities in addressing diverse industrial air quality needs.
Major companies operating in the aerospace & defense ducting market report are Arrowhead Products, AIM Aerospace Inc., Eaton Corporation Plc., EnCore Aerospace, Senior plc, Exotic Metals Forming LLC, Meggitt PLC, Unison Industries LLC, GKN plc, Stelia Aerospace, ITT Aerospace, PFW Aerospace AG, Triumph Group, Zodiac Aerospace, Saint-Gobain Performance Plastics, Titeflex Aerospace, Flexfab Horizons International, Parker Hannifin, Hutchinson Aerospace, Safran, Collins Aerospace, Honeywell Aerospace, GE Aviation, Rolls-Royce, Pratt & Whitney, BAE Systems, Lockheed Martin, Boeing, Airbus, Northrop Grumman, General Dynamics, Raytheon Technologies, L3Harris Technologies.
North America was the largest region in the aerospace and defense ducting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aerospace and defense ducting market report during the forecast period. The regions covered in the aerospace & defense ducting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace & defense ducting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of ducts used in aerospace and defense ducting include rigid, semi-rigid, and flexible options. Rigid ducts have a fixed shape and are typically constructed from materials such as aluminum, stainless steel, or composites. Different materials, such as titanium, stainless steel, nickel alloy, and composites, are used to manufacture rigid ducts, and these are applied in various aircraft types, including commercial aircraft, regional aircraft, general aviation, helicopters, and military aircraft. Rigid ducts are suitable for applications at both high and low pressures.
The aerospace and defense ducting market research report is one of a series of new reports that provides aerospace and defense ducting optical components market statistics, including aerospace and defense ducting optical components industry global market size, regional shares, competitors with an aerospace and defense ducting optical components market share, detailed aerospace and defense ducting optical components market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense ducting optical components industry. This aerospace and defense ducting optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aerospace & Defense Ducting Market Characteristics3. Aerospace & Defense Ducting Market Trends and Strategies31. Global Aerospace & Defense Ducting Market Competitive Benchmarking32. Global Aerospace & Defense Ducting Market Competitive Dashboard33. Key Mergers and Acquisitions in the Aerospace & Defense Ducting Market
4. Aerospace & Defense Ducting Market - Macro Economic Scenario
5. Global Aerospace & Defense Ducting Market Size and Growth
6. Aerospace & Defense Ducting Market Segmentation
7. Aerospace & Defense Ducting Market Regional and Country Analysis
8. Asia-Pacific Aerospace & Defense Ducting Market
9. China Aerospace & Defense Ducting Market
10. India Aerospace & Defense Ducting Market
11. Japan Aerospace & Defense Ducting Market
12. Australia Aerospace & Defense Ducting Market
13. Indonesia Aerospace & Defense Ducting Market
14. South Korea Aerospace & Defense Ducting Market
15. Western Europe Aerospace & Defense Ducting Market
16. UK Aerospace & Defense Ducting Market
17. Germany Aerospace & Defense Ducting Market
18. France Aerospace & Defense Ducting Market
19. Italy Aerospace & Defense Ducting Market
20. Spain Aerospace & Defense Ducting Market
21. Eastern Europe Aerospace & Defense Ducting Market
22. Russia Aerospace & Defense Ducting Market
23. North America Aerospace & Defense Ducting Market
24. USA Aerospace & Defense Ducting Market
25. Canada Aerospace & Defense Ducting Market
26. South America Aerospace & Defense Ducting Market
27. Brazil Aerospace & Defense Ducting Market
28. Middle East Aerospace & Defense Ducting Market
29. Africa Aerospace & Defense Ducting Market
30. Aerospace & Defense Ducting Market Competitive Landscape and Company Profiles
34. Aerospace & Defense Ducting Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Aerospace & Defense Ducting Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aerospace & defense ducting 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.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for aerospace & defense ducting? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report 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 market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- 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.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Duct Type: Rigid; Semi-Rigid; Flexible
2) By Material: Titanium Ducts; Stainless Steel Ducts; Nickel Alloy Ducts; Composite Ducts
3) By Pressure: High Pressure; Low Pressure
4) By Application: Commercial Aircraft; Regional Aircraft; General Aviation; Helicopter; Military Aircraft
Companies Mentioned: Arrowhead Products; AIM Aerospace Inc.; Eaton Corporation Plc.; EnCore Aerospace; Senior plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Arrowhead Products
- AIM Aerospace Inc.
- Eaton Corporation Plc.
- EnCore Aerospace
- Senior plc
- Exotic Metals Forming LLC
- Meggitt PLC
- Unison Industries LLC
- GKN plc
- Stelia Aerospace
- ITT Aerospace
- PFW Aerospace AG
- Triumph Group
- Zodiac Aerospace
- Saint-Gobain Performance Plastics
- Titeflex Aerospace
- Flexfab Horizons International
- Parker Hannifin
- Hutchinson Aerospace
- Safran
- Collins Aerospace
- Honeywell Aerospace
- GE Aviation
- Rolls-Royce
- Pratt & Whitney
- BAE Systems
- Lockheed Martin
- Boeing
- Airbus
- Northrop Grumman
- General Dynamics
- Raytheon Technologies
- L3Harris Technologies
Methodology
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