Aerospace Artificial Intelligence Market Report 2025

This 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 aerospace fluid conveyance systems market size has grown rapidly in recent years. It will grow from $3.32 billion in 2024 to $3.68 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to aircraft production growth, stringent safety regulations, fuel efficiency initiatives, rise in air travel, military modernization programs, globalization of aerospace supply chains.

The aerospace fluid conveyance systems market size is expected to see strong growth in the next few years. It will grow to $5.35 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to sustainable aviation initiatives, demand for urban air mobility, global expansion of air cargo operations, increasing defense budgets, additive manufacturing adoption. Major trends in the forecast period include integration of smart technologies, automation and robotics in manufacturing, in-flight refueling systems, customization and modular systems.

The rising demand for air cargo transportation is expected to drive the growth of the aerospace fluid conveyance systems market. Air cargo transportation involves the movement of goods, products, or cargo via aircraft. Aerospace fluid conveyance systems play a critical role in ensuring the safe and efficient operation of cargo aircraft by transporting fluids, gases, and power to essential systems and equipment, thereby facilitating smooth air-based goods transportation. For example, in September 2023, the International Air Transport Association (IATA), a Canada-based trade association of global airlines, reported an 11.2% increase in available cargo ton-kilometers (ACTKs), a key capacity metric, as of July 2022 (with an 8% increase for international operations). Additionally, Asia-Pacific airlines experienced a 2.7% rise in air cargo volumes in July 2023 compared to the same month in 2022. As such, the growing demand for commercial aircraft is fueling the expansion of the aerospace fluid conveyance systems market.

The growing use of unmanned aerial vehicles (UAVs) across various industries is expected to drive the growth of the aerospace fluid conveyance systems market in the near future. UAVs are automated aerial vehicles that either follow remote instructions from their pilots or operate autonomously using advanced technology. Aerospace fluid conveyance systems are vital for ensuring the reliable and efficient functioning of UAVs in diverse applications, contributing to improved performance, safety, and mission effectiveness. For instance, in May 2024, the International Trade Administration, a U.S. Department of Commerce agency, reported that in 2022, the U.S. imported approximately 38% of UAVs and exported 34%. In the first half of 2023, exports grew by 3.3%, while imports dropped by 4.3%, resulting in an export surplus of 98.7 billion euros. As a result, the rising use of UAVs in multiple industries is driving the demand for aerospace fluid conveyance systems.

Leading companies in the aerospace fluid conveyance systems market are forming strategic partnerships to strengthen their technological capabilities, optimize supply chains, and expand their global presence. These partnerships foster innovation, streamline product development, and improve access to new technologies and markets, resulting in more efficient and reliable solutions for the aerospace industry. For example, in September 2023, KNA Aerospace, a U.S.-based aerospace company, entered into a joint development agreement (JDA) with GE Aviation, another U.S.-based aerospace company, to develop lightweight metallic floor panels for aerospace applications. This collaboration focuses on creating advanced materials that enhance aircraft structure performance and efficiency, aligning with industry goals of weight reduction and sustainability.

In September 2022, Parker-Hannifin Corporation, a renowned provider of motion and control technologies based in the United States, successfully acquired Meggitt PLC for a sum of $7.93 billion. This strategic acquisition is geared towards empowering Parker-Hannifin to broaden its portfolio offerings, bolster its existing capabilities, and foster long-term growth prospects. Meggitt PLC, the acquired entity, operates as a UK-based manufacturer specializing in aerospace and defense components, which notably includes expertise in aerospace fluid conveyance systems.

Major companies operating in the aerospace fluid conveyance systems market report are General Electric Company, Lockheed Martin Corporation, AIM Industries Inc., Safran SA, Eaton Corporation PLC, TE Connectivity Ltd., SKF AB, Arconic Corporation, Precision Castparts Corp, TransDigm Group Incorporated, GKN Aerospace Services Limited, Crane Co, Smiths Group PLC, ITT Corporation, Woodward Inc., Stelia Aerospace, Triumph Group Inc., Senior PLC, Kaman Corporation, PFW Aerospace GmbH, Arrowhead Products Corporation, SEKISUI Aerospace Inc., Hutchinson S.A., Titeflex Corporation, Flexfab LLC, CFM S.r.l., Seginus Aerospace LLC, Amcraft Manufacturing Inc.

North America was the largest region in the aerospace fluid conveyance systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerospace fluid conveyance systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aerospace fluid conveyance systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aerospace fluid conveyance systems market consists of sales of valves, pumps, fittings, and connectors. 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.

Aerospace fluid conveyance systems comprise a complex network of pipes, hoses, and components that are essential for transporting liquids and gases within aircraft. These systems play a critical role in various aircraft functions, including the distribution of fuel, hydraulic fluid, and coolant. Their proper operation is vital for maintaining aircraft performance, safety, and overall efficiency.

The key products within aerospace fluid conveyance systems include hoses, low-pressure ducts, and high-pressure ducts. Hoses are flexible tubes or pipes designed to transport liquids, gases, or other substances between different points. These systems are utilized in different types of aircraft, such as commercial aircraft, regional aircraft, helicopters, and others. Various materials, including nickel and alloys, titanium and alloys, stainless steel and alloys, and composites, are used in the manufacturing of these systems. Aerospace fluid conveyance systems find applications in fuel, air, and hydraulic systems, serving general aviation, civil aviation, and military aircraft.

The aerospace fluid conveyance systems market research report is one of a series of new reports that provides aerospace fluid conveyance systems market statistics, including aerospace fluid conveyance systems industry global market size, regional shares, competitors with a aerospace fluid conveyance systems market share, detailed aerospace fluid conveyance systems market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace fluid conveyance systems industry. This aerospace fluid conveyance systems 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.

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