Global Aerospace & Defense Fluid Conveyance Systems market expected to grow substantially by 2033

From Globenewswire: 2024-07-16 01:00:00

The Global Aerospace & Defense Fluid Conveyance Systems Market is expected to grow from USD 17.6 billion in 2023 to USD 23.1 billion by 2033, driven by advancements in aircraft technologies and rising defence spending. Key players are focusing on research and development to improve system durability, flexibility, and weight reduction, with North America and Europe leading the market.

In terms of type, the titanium & titanium alloys segment holds the largest market share due to their exceptional strength-to-weight ratio, corrosion resistance, and suitability for aerospace applications. Commercial aircraft dominate the application segment, as airlines invest in innovative fluid conveyance technologies for improved performance and fuel efficiency. North America is set to lead the market, with Asia-Pacific experiencing the fastest growth.

Recent developments in the market include joint development agreements between KN aircraft and GE Aviation for lightweight metallic floor panels. Market segmentation includes types (titanium & titanium alloys, stainless steel & alloys, composites), applications (commercial aircraft, general aviation, military aircraft), and regions (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). Major players include GKN plc, Meggitt PLC, and Parker Hannifin Corporation.

For more information and detailed analysis on the Global Aerospace & Defense Fluid Conveyance Systems Market, contact Spherical Insights & Consulting at +1 303 800 4326 (U.S.) or +91 90289 24100 (APAC), or visit their website for industry insights and market reports. Stay updated on market trends by following them on LinkedIn, Facebook, and Twitter.



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