In 2030, the Aircraft Tube and Duct Assemblies Market Size is anticipated to reach US$ 1.7 billion. Global investments in aviation maintenance will increase sales at a consistent 4.40% CAGR.
Aircraft Tube and Duct Assemblies are critical components that form the ducting system of an aircraft, responsible for carrying fluids and gases throughout the aircraft. These assemblies play a vital role in maintaining the aircraft’s structural integrity, ensuring the proper functioning of the systems and equipment, and providing a safe and comfortable environment for passengers and crew.
The demand for aircraft tube and duct assemblies is expected to grow significantly in the coming years due to the increasing production of aircraft and the replacement of aging aircraft fleets worldwide. With the rise in air travel, the need for safe, reliable, and efficient aircraft is more important than ever, and this has led to the development of new and advanced technologies that require sophisticated tube and duct assemblies.
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Key Takeaways of Aircraft Tube and Duct Assemblies Market Study
- Aerospace industry is increasing the usage of aluminum in aircraft tube and duct assemblies, as aluminum is a lightweight and high-strength material. In the global aircraft tube and duct assemblies market, aluminum holds approximately one-third market share.
- Tier-I manufacturers operating in the global aircraft tube and duct assemblies market are Eaton, Exotic Metals Forming, Leggett & Platt, Incorporated, and PFW Aerospace GmbH. On the other hand, AMETEK. Inc., Smiths Group PLC, Sigma Precision Components Ltd., and some other players are estimated to stand in the tier-II bracket in the global aircraft tube and duct assemblies market.
- Key players are focusing on the expansion of their footprints by establishing manufacturing units and distribution channels in various regions.
- Global defense spending is at a high record. The biggest spenders on defense are the U.S., China, France, Saudi Arabia, and India. Implementation of advanced, combat, and stealth-based aircraft procurement programs has augmented military spending, worldwide. This growing trend is expected to upsurge the demand for aircraft tube and duct assemblies.
- Development of lightweight materials and increasing sales of aircraft are anticipated to drive the growth of the market over the forecast period.
“Original equipment manufacturers (OEMs) are projected to hold more than 90% share in the global market, as the replacement of tube and duct assemblies is found to be very limited.”
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AIRCRAFT TUBE AND DUCT ASSEMBLIES MARKET TAXONOMY
Application
- Engine Bleeds
- Thermal Anti-ice
- Pylon Ducting (HVAC) Enamel
- Fuselages
- Inlets/Exhausts
- Environment Control Systems (ECS)
- Lavatories
- Waste Systems
Aircraft Type
- Commercial Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Freighters
- Military Aircraft
Material
- Steel
- Nickel
- Titanium
- Aluminum
- Composite
- Inconel
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Sales Channel
- OEMs
- Aftermarket
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
Market Landscape Moving towards Consolidation
The aircraft tube and duct assemblies market is expected to be dominated by tier-I manufacturers, who hold more than 50% share of the global market. Prominent players involved in the global aircraft tube and duct assemblies market are shifting their focus on repair solutions rather than replacement products with full-service. This has resulted in providing approximately 50 percent or more cost reduction.
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