Intensifying military aircraft demand to augment aerospace and defense ducting market size over 2019-2025
With the growing number of air passengers and increasing aircraft demand, aerospace and defense ducting market size has been estimated to grow significantly over 2019-2025. Maintaining aircraft cabin temperature and pressure are very important as the passenger aircrafts cruise at high altitudes. Due to lower pressure and temperature at higher altitudes, air-conditioning system installation in aircrafts play an important role in both human health and comfort. Companies toiling to enhance customer experience and airlines lowering their fares to serve a wider consumer base will add impetus to aerospace and defense ducting market trends in the forecast years.
U.S. Aerospace & Defense Ducting Market, By Application, 2018 & 2025, (USD Million)
Dropping air fares have been playing a crucial role in positive growth of aerospace and defense ducting market size. Low air fares will increase the number of passengers and consequently demand for improved customer experience. Recently it has been reported that air fares in Australia have fallen by 10 per cent since July 2018. The index of business class fares fell by 0.2 per cent in July and by 11.6 per cent from the peak recorded in June 2011. More affordable rates will predictably raise number of air travelers. As comfort and convenience of customers become paramount, efforts by airlines in these areas are helping to expand aerospace and defense ducting market share.
Lowering air fares has been raising the number of passengers wanting to travel by air which in turn will augment aerospace and defense ducting industry outlook. The International Air Transport Association (IATA) has disclosed that current trends in air transport predict passenger numbers can double to 8.2 billion in the year 2037. China will displace the United States as the world’s largest aviation market in the mid of the year 2020. China rebalancing its economy towards consumption will reinforce strong passenger demand over the long term. The number of air passengers have been predicted to increase with rapidly expanding aviation sector which will push the growth graph of aerospace and defense ducting industry forward.
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Increased air travel has naturally created a demand for aircrafts which has encouraged aircraft manufacturers to increase production. To address the huge demand, Boeing has reportedly delivered 69 737 airplanes in December 2018 and set a new annual record of 806 deliveries in 2018. The company has surpassed its previous record of 763 deliveries in 2017. Rapidly growing demand and production of aircrafts equipped with various features has been improving customer experience. Aerospace and defense ducting market size will also expand considerably over the forecast duration owing to augmented aircraft production.
Besides commercial aircrafts, demand of military aircrafts is also on the rise to enhance national security. According to the prominent sources, the U.S. air force must inflate its operational squadrons by nearly 25% in the years to come. The requirement has been recommended to deal with the growing military might of Russia and China and to protect the U.S. against violent extremist forces. Sources also cited that the number of squadrons, bombers and tankers, a mix of fighters and drones, should be raised from 312 at present to 386 by the year 2030. The Air Force needs light weight aircrafts with greater efficiency and competence to deal with high pressure and temperature. Intensifying demand of such aircrafts in the Air Force is one of the crucial factors that will augment revenue share of aerospace and defense ducting market.
In order to strengthen their stance in aerospace and defense ducting industry, several companies are following different growth strategies. For instance, Meggitt PLC, a leading international company specializing in high performance components and sub-systems for aerospace, defense and selected energy markets, has been awarded a fixed price contract by General Dynamics Land Systems (GDLS) to develop an Advanced Cooling System for the next generation ground combat platforms. Meggitt has manufactured more than 2,480 hydraulically powered Thermal Management Systems (TMS) for GDLS with additional 450 in process.
Businesses are also working on their current joint ventures as a part of the plan to increase their aerospace and defense ducting market share. Recently, the joint venture of Eaton with Shanghai Aircraft Manufacturing Co. (SAMC) secured approval by the authorities to offer maintenance, repair and overhaul (MRO) services on tubes and ducting to clients in the APAC region. With the approval, the current facility of Eaton-SAMC joint venture in Shanghai will immediately start serving as a ducting, tube and hose repair station. Such expansions and joint ventures will help to enhance the aerospace and defense ducting industry landscape in APAC region.
Growth of aerospace and defense ducting market will be helped by the companies toiling to expand their footprint globally with big contracts and regional expansions. The need for strengthening national security is also gaining paramount importance which will supplement aerospace and defense ducting industry growth significantly. According to a latest research report compiled by Global Market Insights, aerospace and defense ducting market size is forecast to surpass $7 billion by 2025.
Author Name : Anchal Solanki
Narrow body fixed wing aircraft seating market to register highest CAGR over 2019-2025
Global aircraft seating market size has witnessed considerable expansion in the recent decades on account of increased air travel, innovation in seating design and ambitious expansion goals of airlines. Airlines have also been increasing the demand for aircrafts where seats are narrower and closer together so that more passengers can be accommodated on each flight.
Recently, a lawsuit was raised against the Federal Aviation Administration about the closeness of seats and the risk this poses to passenger safety in case of an emergency evacuation. But the agency found that evacuation risk is caused by the width of the exit rather than closeness of seats and therefore no regulations have been imposed on the tightening width or proximity of seats on airplanes. Airlines have registered record levels of profitability in recent years due to more seats per plane and also due to greater percentage of seats being occupied, which has substantially raised aircraft seating market share.
U.S. Aircraft Seating Market, By Class, 2018 & 2025, (USD Million)
As air travel becomes more affordable and convenient, with a burgeoning number of travelers choosing to fly instead of availing other modes of transportation, commercial airlines are seeking ways to increase their revenue. Services which were previously included with the air fare are therefore now being charged separately and aircraft seating capacity is being increased to accommodate more passengers per flight.
The global aircraft seating market trends is highly influenced by the rising passenger traffic and aircraft seating manufacturers are coming up with new designs that will have a substantial impact on the industry revenue. For instance, the Italian aircraft seat manufacturer Aviointeriors recently designed and demonstrated its saddle seats named SkyRider 2.0 with high backs and narrow seats. The seats are so designed to help increase airline seat numbers and achieve ultra-high density.
The new types of airline seats offer many benefits to airlines. Not only do they increase profits for airline companies by 20% but they are made to be 50% lighter than standard economy class seats thus enabling minimization of maintenance costs. The seats are being designed for short haul flights so as not to be too inconvenient to passengers who are becoming increasingly apprehensive with the trend of narrow seats and less leg room. However, the aircraft seating industry is also catering to the increased demand for luxury with a lie-flat seat.
Lie-flat seats had been available in premium cabins of many long-haul flights and on some Airbus A330 aircrafts. Airbus and French aircraft seat manufacturer Zodiac Aerospace have taken that idea further and are trying to introduce lie-flat berths in the A330 cargo compartment. Airbus and Zodiac are partnering to develop lower-deck modules that will be equipped with passenger sleeping berths fitted inside the aircraft’s cargo compartments. The modules will be beneficial to passengers on long haul flights such as from U.S. and Europe to Australian destinations.
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Of late, the demand for narrow body fixed wing segment has been depicting a commendable rise. This can be attributed to the rising requirement of low-cost air carriers worldwide. Not to mention, the excellent fuel economy in tandem with higher operational efficiency alongside robust enhancements in high wing load capacities will further impel narrow body fixed wing aircraft seating market share. As per estimates, narrow body fixed wing aircraft seating market size will depict the witness highest CAGR over the forecast timeline.
Aircraft seat manufacturers are aiming to design more seats that combine comfort with light weight so that not only the airlines, but the passengers are benefitted as well. For instance, at a recent Aircraft Interiors Expo, Recaro, the aircraft seat manufacturing giant presented new seat designs for economy class as well as concept seats for business class that amalgamate comfort with light weight. The seats are deigned to improve sleeping comfort on board and come up with features to improve body posture, reduce pressure points and allow changing of sleeping positions.
Increased drive for innovation in the aircraft industry will strengthen the case for revolutionizing seats in aircrafts in the years to come. As per estimates, aircraft seating industry size is anticipated to cross USD 18 billion by 2025.
Author Name : Paroma Bhattacharya