Aerospace and Defense Fluid Conveyance Systems Market

Product Overview

Aerospace and Defense Fluid Conveyance Systems Market size was USD 15.13 billion in 2021 and projected to grow from USD 16.8 billion in 2023 to USD 26.8 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period.

Fluid Conveyance Systems are widely used by the Aerospace and Defense industries. They precisely transfer hydraulic fluid from any point to the other, which is streamlined by combining multiple components like pipes, hoses, connectors, and fittings. They are made of limitless groupings of materials, burst pressures, thread types, media compatibilities, and sealing methods all specially designed to cater to the application requirements.

Market Highlights

Aerospace and Defense Fluid Conveyance Systems Market is expected to project a CAGR of 5.3% during the forecast period, 2022-2032

Aerospace and Defense Fluid Conveyance Systems Market is expected to reach USD 26.8 billion, growing at a CAGR of 5.3% during the forecast period owing to the rising production rates of regional and commercial aircraft, increasing size of aircraft fleet, and growing demand for light-weight fluid carriage systems. Also, advances in fluid conveyance technology to meet the needs for the creation of high-thrust turbofan engines is significantly driving the market.

Aerospace and Defense Fluid Conveyance Systems Market Segmentation:

Ducts segment is expected to dominate in the forecast period

Aerospace and Defense Fluid Conveyance Systems Market is classified based on the Component into Hoses, Couplings, Ducts, and Seals. The Duct assemblies registered a significant share in previous years and will continue to dominate during the forecasted period. The aircraft is equipped with ducts all over, from the engine via the fuselage to the leading wing edges & the tail. In the aerospace sector, high-pressure ducts are majorly preferred over low-pressure ones.

Hydraulic segment is expected to dominate in the forecast period

Aerospace and Defense Fluid Conveyance Systems Market is classified based on the Fluid into Fuel, Pneumatic, and Hydraulic. The Hydraulic Fluid Systems are projected to hold a significant amount of dominance in the coming years. These systems play a significant role in many crucial operations carried out by aircraft. Moreover, advantages like inexpensive installation, simple maintenance, and little losses will also help to increase revenue. The fuel systems will also witness a large increase in market share owing to the ongoing product improvements.

Market Dynamics:                                                    

Growth Drivers

Growth of Aviation Industry and Focus on Fuel Efficiency are Expected to Boost the Market Growth

The growing flight passenger traffic has been brought on by the expansion of the aviation sector worldwide, as well as increased disposable incomes and shifting travel habits. As a result, there is a rise in the Aerospace and Defense Fluid Conveyance Systems Market. Furthermore, aircraft manufacturers are emphasising on lightweight materials and cutting-edge fluid conveyance systems that decrease fuel use and lower emissions. This is due to the growing attention being paid to fuel efficiency and environmental sustainability. This is majorly driving the demand for highly efficient fluid carriage systems.

Rising Defense Expenditure and Improvements in 3D Printing Expected to Boost the Market Growth

Number of nations are raising their defense spending budgets to strengthen their militaries and national security. Hence, new defense vehicles and planes are bought, and these need sophisticated fluid conveyance systems. Moreover, the aerospace & defense industries have seen a transformation due to additive manufacturing, commonly known as 3D printing. It makes it possible to produce intricate fluid conveyance system parts with shorter lead times and lower costs, which encourages more businesses to use additive manufacturing techniques.

Restraint

High Initial Prices and Fluctuations in Prices of Raw Materials May Restrain the Market Growth

Aerospace & defense fluid conveyance systems production and development demand a sizable investment in R&D, sophisticated manufacturing techniques, and adherence to exacting regulatory standards. For new companies in the industry, the high entrance costs may serve as a barrier. Moreover, market fluctuations can affect the cost of raw materials used in fluid conveyance systems like aluminium, titanium, and speciality alloys. The profitability of producers may be impacted by these pricing changes, and maintaining cost-effective production may become difficult.

Recent Developments

• S3 AeroDefense & Parker Aerospace declared that they had signed a new distribution contract in July 2022. S3 Aerodefense has been chosen by Parker Aerospace to be the official distributor of spare parts and MRO (Maintenance, Repair, Overhaul) services for UH-60 Black Hawk.
• In June 2022, Senior plc and Spencer Aerospace Manufacturing, LLC, a market leader in highly designed, hi-pressure hydraulic fluid fittings to be used in military and commercial aerospace applications, inked a legally binding contract for Senior plc for acquisition of all assets of Senior Aerospace Spencer.

Aerospace and Defense Fluid Conveyance Systems Market

Key Players Covered:

• Eaton Aerospace
• Safran Aerosystems
• Parker Hannifin
• Meggitt Plc
• Senior Plc
• Unison Industries
• Flexfab
• Arrowhead Products
• Purvis Industries Ltd.
• Cooper Fluids Systems
• Hydro Air
• Leading Edge Hydraulics
• Royal Industries Inc.
• Gulf Controls Company
• ITT Aerospace 
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Aerospace and Defense Fluid Conveyance Systems Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America is anticipated to register the larger market share by the end of the estimated period owing to the presence of several major players and a large number of aircraft manufacturers who are choosing improved products to further enhance the efficiency of their aircrafts. Other contributing factors for the market growth in North America include rising research and development from manufacturers of aerospace fluid conveyance systems through partnerships and collaborations with other players in the aerospace and aviation industries.

Impact of Covid-19 on Aerospace and Defense Fluid Conveyance Systems Market

The COVID-19 pandemic posed serious challenges for the Aerospace & Defense industry, which included the Aerospace and Defense Fluid Conveyance Systems Market. The market was harmed by international travel restrictions, a decline in demand for air travel, and supply chain problems. New aircraft deliveries & program deadlines were pushed back by aircraft manufacturers and defense agencies. The market was strong, though, and a slow rebound was witnessed as travel restrictions have been relaxed and vaccination campaigns were adopted. The Aerospace and Defense Fluid Conveyance Systems Market was also impacted by the emphasis on strengthening safety precautions and researching cutting-edge sanitization and air filtration technologies.

Aerospace and Defense Fluid Conveyance Systems Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Aerospace and Defense Fluid Conveyance Systems Market Scope and Segments:

Frequently Asked Questions (FAQ):