Global Aerospace & Defense Fluid Conveyance Systems Market Trends, Growth & Forecast, 2018 – 2024

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Aerospace Defense Fluid Conveyance Systems
Market Trends, Growth Forecast, 2018 - 2024
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Key Insights from Aerospace Defense Fluid
Conveyance Systems Market

• Increasing aircraft production and deliveries
  across the globe will primarily drive the
  industry growth over the forecast timeframe.
  Continuous growth in defense sector, especially
  in emerging economies will led to rising demand
  for military aircrafts thereby escalating the
  revenue generation.
• OEMs are likely to dominate the aerospace
  defense fluid conveyance systems market,
  surpassing USD 14 billion over the forecast
  timeframe. Their large-scale installation in
  aircrafts for fluid transmission will primarily
  support the industry dominance.
• Aftermarket will witness substantial growth at
  over 3.5 from 2018 to 2024. This can be credited
  to high replacement needs, particularly in ageing
  aircrafts. The aftermarket players ensure the
  quality maintenance of these systems, further
  supporting the industry growth.
• Rising demand for energy-efficient engines
  lightweight materials are few trends
  significantly impacting the aerospace defense
  fluid conveyance systems market share from 2018
  to 2024.

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Continued...

• Commercial aircrafts will dominate the aerospace
  defense fluid conveyance systems market with
  more than 80 share over the forecast timeframe.
  This can be attributed to their continuously
  rising production.
• Hydraulic fluid systems is anticipated to
  showcase dominance with approximately 40 revenue
  share by 2024. These systems are highly prominent
  in conducting various critical operations of
  aircrafts.
• Ducts will account for more than USD 7 billion in
  aerospace defense fluid conveyance systems
  market by 2024. Their high usage for transmitting
  the fluids from the engine to aircraft wings
  edges will essentially contribute towards the
  revenue generation.
• Aerospace defense fluid conveyance systems
  market from airframe is likely to capture over
  60 share till 2024 owing to high implementation
  of these systems in applications such as brakes,
  flight control surfaces, landing gear, etc.

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U.S. Aerospace Defense Fluid Conveyance Systems
Market, By Fluid, 2017 2024, (USD Million)

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Major Companies in Aerospace Defense Fluid
Conveyance Systems Market

• GKN Aerospace
• Parker Hannifin Corporation
• Eaton Corporation
• ITT Corporation
• Encore Group
• Arrowhead Products
• Triumph Group
• Exotic Metal Foaming
• Unsion Industries

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Industry Coverage

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Regional Insights in Aerospace Defense Fluid
Conveyance Systems Market

• North America aerospace defense fluid
  conveyance systems market will dominate the
  industry will over 50 revenue share over the
  next seven years. Rising aircraft production
  coupled with high presence of component
  manufacturers will support the regional
  dominance.
• Asia Pacific will witness 4 CAGR till 2024 owing
  to proliferating aircraft deliveries. It is
  attributed to the surging air passenger traffic
  in developing countries across the region.

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