The aircraft ducting system has its application in maintaining the low and high temperature as well as pressure inside both military and civil aircraft. The increasing adoption of high-performance materials offers toughness as well as strength to respective aircraft ducting assemblies. The increasing defense budget of various developing nations drives the need for respective aircraft ducting. The aircraft ducting market is expected to grow promisingly in coming years all over the world.
MARKET SCOPE
The "Global Aircraft Ducting Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft ducting market with detailed market segmentation by aircraft type, material type, duct type, and geography. The report provides key statistics on the market status of the leading aircraft ducting market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on aircraft type, the global aircraft ducting market is segmented into commercial aircraft, and military aircraft.
- On the basis of material type, the market is segmented into nickel alloys, stainless steel, titanium, aluminum and others.
- Based on duct type, the global aircraft ducting market is segmented into rigid, semi-rigid, and flexible.
MARKET DYNAMICS
Drivers:
- Growing aviation sector in various countries of the world.
- Increasing requirement of optimum air supply, heating, and ventilation.
Restraints:
- Fluctuating norms by respective authorities may hinder the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The aircraft ducting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the aircraft ducting market worldwide.
IMPACT OF COVID-19 ON AIRCRAFT DUCTING MARKET
The pandemic of COVID-19 has impacted the aviation industry to a great extent. Before the pandemic began, the demand for aircraft ducting in the aviation sector was growing notably owing to higher investment and increasing disposable income. Restriction of the limited workforce, temporary manufacturing shutdown, limited availability of raw material, and delay in scheduled deliveries has affected the production process negatively. Airbus delivered 566 jets in 2020 as compared to 863 in 2019. Some of the key market players are trying to focus on adopting respective strategies for overcoming production challenges. Companies are exploring the possibilities of smart transportation services, autonomous manufacturing technologies, and planning to begin in-house raw material production for reducing the dependency on raw material suppliers. With ease in restriction, the aviation sector has started coming back to its normal state.
MARKET PLAYERS
The report covers key developments in the aircraft ducting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft ducting market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft ducting in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft ducting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AmCraft Manufacturing, Inc.
- Arrowhead Products
- Eaton
- Flexaust, Inc.
- Leggett and Platt, Incorporated
- Meggitt PLC
- PMF Industries, Inc.
- Sekisui Aerospace
- Sigma Precision Components UK Ltd.
- STEICO Industries Inc.