Aerospace Couplers Global Market Report 2024

The aerospace couplers market has grown strongly in recent years. It will grow from $4.37 billion in 2023 to $4.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The expansion observed in the historical period can be attributed to several factors, including advancements in aircraft systems, the implementation of stringent safety regulations, an increase in defense spending, greater adoption of fly-by-wire systems in aviation, and the overall growth in aircraft production.

The aerospace couplers market is expected to see strong growth in the next few years. It will grow to $6.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to several factors, such as the rapid expansion of unmanned aerial vehicles (UAVs), the emergence and development of electric aircraft, the integration of more sophisticated avionics systems, a heightened focus on lightweight materials, and increased connectivity requirements in aviation. Major trends expected during this period encompass a higher demand for lightweight materials, advancements in material technologies, the integration of smart technologies into aerospace systems, adherence to stringent safety standards, and an increased emphasis on automation within manufacturing processes.

The expanding aerospace industry is projected to be a driving force behind the growth of the aerospace couplers market. The aerospace industry encompasses the development, production, and operation of aircraft, spacecraft, and related systems and services. Aerospace couplers play a vital role in various applications within this sector, including compressors, dynamometer test stands, fans, flywheels, gas turbines, gearboxes, generators, mixers, outfeed rollers, pumps, and more. For example, data from the International Trade Administration in February 2023 indicated that the UK's civil aerospace turnover reached approximately $34.5 billion in 2022. This growth trajectory within the aerospace industry contributes significantly to the surge in demand for aerospace couplers.

The increase in the number of air passengers is poised to drive the growth of the aerospace couplers market. Air passenger count encompasses both domestic and international air carriers, facilitating the movement of individuals from one location to another. Aerospace couplers are integral components used in the aviation industry, finding applications in compressors, test stands, propulsion systems, and various aircraft parts. The growing air passenger traffic translates into a heightened demand for new aircraft, consequently leading to increased requirements for aerospace couplers. For instance, in 2022, US airlines witnessed a substantial increase in passenger numbers, transporting 194 million more passengers than in 2021, marking a 30% year-on-year rise. The United States Department of Transportation reported that from January to December 2022, US airlines handled 853 million passengers, a notable increase from 658 million in 2021 and 388 million in 2020. Thus, the surge in air passenger counts is anticipated to significantly contribute to the growth of the aerospace couplers market in the future.

Major companies within the aerospace couplers market are driving growth through innovative product development, notably focusing on advanced solutions such as coaxial couplers, catering to specific frequency ranges from UHF to Ku-band. For example, in January 2023, Smiths Interconnect, a UK-based electronics company, unveiled coaxial couplers engineered for space satellite launch systems, deep-space mission management, and military defense applications. These couplers are meticulously designed to perform optimally within assigned frequencies, spanning from UHF to Ku-band, rigorously tested to meet customer specifications. The introduction of such coaxial couplers tailored for critical sectors such as space satellites and military applications enables Smiths Interconnect to broaden its market presence while meeting the escalating demand for high-performance coupler components in these industries.

Technological advancements remain a prominent trend in the aerospace couplers market, with companies dedicated to adopting new technologies to reinforce their market positions. For instance, in March 2022, CCX Technologies, a Canadian aviation products manufacturer, launched an enhanced GPS Antenna Coupler. This upgraded GPS Antenna Coupler ensures improved signal separation from satellites and reduces interference with neighboring aircraft's GPS radios. Its user-friendly design coupled with CCX's comprehensive testing kit, inclusive of the T-RX GPS Signal Generator and T-RX tester, enhances its practicality and performance.

In September 2022, U.S. Tsubaki Power Transmission, a Japan-based manufacturer specializing in power transmission and motion control products, acquired ATR Sales, Inc. (ATR), a US-based company renowned for manufacturing high-quality flexible couplings under the ATRA-FLEX brand. This strategic acquisition is poised to expand U.S. Tsubaki Power Transmission's portfolio within the coupling and power transmission sector, reinforcing its market presence and product offerings in this domain.

Major companies operating in the aerospace couplers market report are Coupling Corporation of America, Intrex Aerospace LLC, United Technologies Corporation India Pvt, Eaton Corporation plc, Senior Aerospace Metal Bellows LLC, Parker Hannifin Corporation, Cla-Val Co., Carlisle Companies Inc., International Telephone And Telegraph Corporation, Rosenberger Hochfrequenztechnik GmbH & Co. KG., Amphenol Corporation, TE Connectivity Ltd., Esterline Technologies Corporation, Smiths Group Plc, Conesys Inc., Ametek Aerospace & Defense, Radiall SA, Souriau SAS, Aero-Electric Connector Inc., Glenair Inc., Winchester Interconnect Corporation, Fischer Connectors SA, LEMO SA, Hirose Electric Co. Ltd., Molex LLC, Cinch Connectivity Solutions, Omnetics Connector Corporation, AirBorn Inc., Odu GmbH & Co. KG, Interstate Connecting Components Inc.

North America was the largest region in the aerospace couplers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aerospace couplers market report during the forecast period. The regions covered in the aerospace couplers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace couplers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of aerospace couplers include emergency breakaway couplers, pressure couplers, and hydrant couplers. Emergency breakaway couplers are specifically designed to enhance user safety and minimize environmental impact in case of a breakaway incident. Aerospace couplers find applications across various domains, encompassing both commercial and military uses.

The aerospace couplers market research report provides aerospace couplers market statistics, including aerospace couplers industry global market size, regional shares, competitors with aerospace couplers market share, detailed aerospace couplers market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace couplers industry. This aerospace couplers 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 aerospace couplers consist of torque-limiting couplings, flexible shaft couplings, close-coupled couplings, solid shaft rigid couplings, and others. 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.


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