The anticipated size of the aircraft tube and duct assemblies market in 2022 was USD 1,300 million and is estimated to be USD 2,650.23 million in 2023. This market growth scenario shows potential advancements in probabilities in the aircraft tube and duct assemblies market.
Rules and regulations are said to be implemented by the government and are considered to anticipate a share of the growth of the aircraft tube and duct assemblies. According to FMI estimation, the aircraft tube and duct assemblies market is predicted to expand at a CAGR of 8.9% between 2023 and 2033, totaling around USD 6,229.4 million by 2033.
The global aircraft tube and duct assemblies market is slated to top USD 1,300 million in 2022. Increasing investments in aircraft maintenance across the globe might boost sales at a steady 4.40% CAGR, with the market valuation reaching USD 1,723 million in 2030.
Increasing emphasis on reducing the aircraft weight to achieve an optimum ratio between payload and range is expected to drive sales of aircraft tube and duct assemblies. In addition to this, expanding the aircraft fleet across the globe is anticipated to create opportunities for growth in the market.
The growing adoption of materials such as aluminum and steel in aircraft manufacturing is going to push sales in the market. Further, these materials offer a high strength-to-weight ratio and other lightweight attributes.
As per Future Market Insights (FMI), sales of aircraft tube and duct assemblies accounted for 3% of the global aircraft parts market in 2020. Future Market Insights presents a half-yearly comparison analysis and key insights into the growth outlook of the aircraft tube and duct assemblies market. Further, sales of aircraft tube and duct assemblies are anticipated to increase due to the factors such as:
Key reasons for the change in growth rates are attributed to the increasing complexity of the assembly of components due to the rising adoption of lightweight materials that need a clamping process which is obstructing the market growth.
The market for aircraft tube and duct assemblies is expanding as a result of rising aircraft sales, low air travel costs, and other key factors. Moreover, commercial aircraft sales are rising as a result of the ongoing development of the air transport sector. Sales of aircraft tube and duct assemblies are anticipated to be directly impacted by this.
There are certain challenges that lie ahead to impact the growth of the market including a lack of technological knowledge, growing geopolitical tensions, and stringent government regulations despite certain positive prospects.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | USD 1,300 million |
| Projected Forecast Value (2023) | USD 2,650.23 million |
| Projected Forecast Value (2033) | USD 6,229.4 million |
| Growth rate | 8.92% CAGR |
| Forecast period | 2023 to 2033 |
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The global aircraft tube and duct assemblies market expanded at a CAGR of 7.42% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 8.92% between 2023 and 2033.
Sales of aircraft tube and duct assemblies are projected to rise at a 4.4% CAGR, in comparison to the 3.6% CAGR registered between 2015 and 2021. Further, the ongoing expansion of the air tourism industry is resulting in increasing sales of commercial aircraft. This is expected to have a direct impact on sales of aircraft tubes and duct assemblies.
Various countries are investing in the aviation sector to improve air connectivity across cities and other foreign countries, which is anticipated to fuel the growth in the market. Further, high investments in the repair, refurbishment, and maintenance of old aircraft fleets in countries such as the United States, the United Kingdom, and Germany are spurring demand in the market. In addition to this, growing investments in the defense sector for maintenance and the addition of a new military aircraft fleet might continue pushing sales in the forthcoming years.
In modern aircraft, titanium ducts and tubes are being replaced by aluminum alloy, stainless steel, and nickel alloy. These materials are being adopted in aviation fluid applications as well as they can withstand high temperatures, dynamic water, and air pressure, and corrosive chemicals. Moreover, the surging adoption of aluminum, steel, and nickel-based tubes and ducts is likely to continue driving the aircraft tube and duct assemblies market over the forecast period.
Maintenance Systems Equipped with Connective Technologies are being Launched
When an aircraft is parked for a certain period, the functionality of exhaust equipment, internal entertainment systems, cockpit controls, waste systems, and lavatories needs to be repaired for optimal performance.
As per the Journal of Air Transport Management, the long aircraft is parked, the chances of routine maintenance get lower, and the costs of repair and refurbishment increase. To tackle this issue, aviation companies are investing in aircraft MRO (maintenance, repair, and overhaul) services.
Aircraft MRO service providers are launching maintenance systems equipped with connective technologies that regularly send updates regarding tube fittings, lavatory functioning, and thermal anti-icing components. This enables professionals to take timely actions to prevent further wear and tear of aircraft components. As investments in aircraft MRO services continue to grow, sales in the aircraft tube and duct assemblies market might rise in tandem over the forecast period.
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Focus on Reduction of the Weight of the Aircraft
Aircraft manufacturers are focusing on reducing the weight of the aircraft by using lightweight materials in the manufacturing process. Further, the utilization of lightweight materials effectively reduces the overall weight and improves the alignment and performance of the aircraft.
Aluminum is one of the most preferred materials used for aerospace applications. However, manufacturers are launching composite materials to be used in modern aircraft structures. Structural optimization is an effective way of achieving high strength and stiffness, and better vibration performance.
Weight reduction in aircraft also enables the use of green energy for sustainable operations. Increasing usage of tubes and ducts made from aluminum and composite materials might continue fueling the growth in the market over the forecast period.
Manufacturers in the United States are Preferring Lightweight Materials for Aircraft Tubes and Duct Assemblies
FMI predicts that the United States is expected to dominate North America’s aircraft tube and duct assemblies market over the forecast period with a value share of 40.21%. Sales in North America’s market held 44.4% of the total market share in 2022.
Increasing investments in the aviation, aerospace, and defense sector in the United States are expected to bode well for the market in the forthcoming years. Moreover, the United States is home to one of the large aircraft fleets in the world, which requires regular maintenance and upgrades. Driven by this, aviation companies are actively investing in aircraft MRO services. This is expected to push sales of aircraft tube and duct assemblies in the United States market over the assessment period.
Technological Advancements in Aircraft MRO are Estimated to Drive Aircraft Tube and Duct Assemblies Sales
China is expected to account for a dominant share of the East Asia aircraft tube and duct assemblies market in the forthcoming years. The East Asia market commanded 8.4% of the total market share in 2022.
Growing investments in the expansion of the aircraft fleet in Australia are anticipated to spur demand for aircraft tube and duct assemblies with a CAGR of 4.88%. In addition, surging demand for better air connectivity across cities in India is leading to increasing sales of commercial aircraft with a CAGR of 7.77% which in turn might drive sales of aircraft tube and duct assemblies.
Increasing Influx of Tourists in Europe to Boost Sales of Aircraft Tube and Duct Assemblies
Expansion of the tourism sector in the United Kingdom is expected to place it as an attractive pocket over the assessment period holding a market share of 15.23%. Europe’s aircraft tube and duct market held 24.6% of the total market share in 2022, finds FMI.
The rising influx of tourists in the country is driving investments in the aviation sector, which is spurring demand for effective aircraft MRO services. Innovative solutions and technologically advanced MRO services based on IoT and big data offered by service providers might continue boosting sales in the United Kingdom market.
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Refurbishment of Engine Bleeds is Likely to Bolster Sales of Aircraft Tube and Duct Assemblies
Sales in the engine bleed segment are forecasted to gain traction over the assessment period with a value share of 70.2%. Engine bleeds are one of the most important parts of the aircraft that require constant repair, maintenance, and refurbishment.
Increasing investments in the development of lightweight materials for the manufacturing of aircraft components will drive sales in this segment. These materials reduce the weight of the aircraft while improving the vibration performance and alignment.
Expansion of the Commercial Aircraft Fleet across the Globe to Bolster Aircraft Tube and Duct Assemblies
Demand in the commercial aircraft segment is expected to remain high over the forecast period with a value share of 77%. Expanding aircraft fleets across the globe, driven by an increasing influx of tourists in various counties will bolster sales in the market.
Aircraft manufacturers are focusing on reducing the weight of the aircraft by utilizing materials like aluminum and composites. Advancements in the functionality of such materials are expected to boost sales of aluminum aircraft tubes and duct assemblies in the forthcoming years.
Aircraft Tube and Duct Assemblies Sales to Increase amid Growing Adoption of Aluminium
The aluminum segment is predicted to expand at a steady pace over the forecast period with a market share of 66.2%. Manufacturers are utilizing lightweight materials to reduce the overall weight of the aircraft, which improves the performance and alignment of the aircraft.
Aluminum tubes and ducts can be used efficiently in fluid transfer applications in aircraft. Increasing applications of aluminum in aircraft manufacturing will continue augmenting the growth in the market over the forecast period.
Some of the prominent players profiled in the global market are-
Important Developments of the Key Olayers in the Market
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8.92% from 2023 to 2033 |
| Market value in 2023 | USD 2,650.23 million |
| Market value in 2033 | USD 6,229.4 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Application, By Aircraft Type, By Material, By Sales Channel, By Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Eaton; AMETEK, Inc.; Smiths Group PLC; Leggett & Platt, Incorporated; Senior PLC; PFW Aerospace GmbH; Sigma Precision Components Ltd.; RSA Engineered Products LLC; Exotic Metals Forming; Mundo-Tech, Inc.; Flexco Inc.; Rangsons Schuster Technologies Pvt. Ltd.; Hartzell Aerospace |
| Customisation Scope | Available on Request |
The industry is valued at USD 2,650.23 million in 2023.
The market is likely to surge at an 8.9% CAGR through 2033.
From 2018 to 2022, the market registered a CAGR of 7.42%.
By 2033, the market is estimated to reach USD 6,229.4 million.
Sales in North America’s market held 44.4% of the total market share in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Applications 5.1. Engine Bleeds 5.2. Thermal Anti-Ice 5.3. Pylon Ducting (HVAC) Enamel 5.4. Fuselages 5.5. Inlets/Exhausts 5.6. Environment Control Systems (ECS) 5.7. Lavatories 5.8. Waste Systems 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Aircraft Type 6.1. Commercial Aircraft 6.1.1. Narrow Body Aircraft 6.1.2. Wide Body Aircraft 6.1.3. Regional Jets 6.1.4. Fighter Jets 6.2. Military Aircraft 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 7.1. Steel 7.2. Nickel 7.3. Titanium 7.4. Aluminum 7.5. Composite 7.6. Inconel 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. OEMs 8.2. Aftermarket 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Eaton 19.2. AMETEK, Inc. 19.3. Smiths Group PLC 19.4. Leggett & Platt, Incorporated 19.5. Senior PLC 19.6. PFW Aerospace GmbH 19.7. Sigma Precision Components Ltd. 19.8. RSA Engineered Products LLC 19.9. Exotic Metals Forming 19.10. Mundo-Tech, Inc. 19.11. Flexco Inc. 19.12. Rangsons Schuster Technologies Pvt. Ltd. 19.13. Hartzell Aerospace 20. Assumptions & Acronyms Used 21. Research Methodology
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Aircraft Tube and Duct Assemblies Market
