The global aircraft tube and duct market in 2022 was US$ 1,300 million and is estimated to be valued at US$ 2,650.23 million in 2023. As Per Future Market Insights estimation, the aircraft tube and duct market is projected to expand at a CAGR of 8.92% between 2023 and 2033, totaling around US$ 6,229.4 million by 2033.
Key Takeaways from the Market Study
- Sales of the aircraft tube and duct market are said to account for a 3% share of the aircraft tube and duct market.
- The anticipated value of the global aircraft tube and duct market expanded at a CAGR of 7.42% between 2018 and 2022.
- Aircraft tube and duct industry in North America holds a market share of 44.4%.
- Global industrial landscape for Europe occupies a significant share of 24.6%.
- India is expected to have a dominant market expanding at a CAGR of 7.77% during the forecast period.
- Based on application type segmentation, it is mentioned that demand for engine bleeds is said to be with a market share of 70.2%.
- Based on the aircraft type segment, commercial aircraft is set to retain their dominating positions in the aircraft tube and duct assemblies market with a market share of 77%.
“Maintenance systems equipped with connective technologies are being launched is said to be one of the major drivers of the aircraft tube and duct market”, comments a Future Market Insights analyst.
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Aircraft Tube and Duct Assemblies Market Segmentation
By Applications:
- Engine Bleeds
- Thermal Anti-Ice
- Pylon Ducting (HVAC) Enamel
- Fuselages
- Inlets/Exhausts
- Environment Control Systems (ECS)
- Lavatories
- Waste Systems
By Aircraft Type:
- Commercial Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Fighter Jets
- Military Aircraft
By Material:
- Steel
- Nickel
- Titanium
- Aluminum
- Composite
- Inconel
By Sales Channel:
- OEMs
- Aftermarket
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- The Middle East & Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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