Military Aircraft
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
North America to emerge as a major regional ground for aircraft refueling hose market
The aircraft refueling hose market is registering significant growth in recent times owing to exponential rise in deployment of aircraft fleets worldwide. Increased tourism and spending on business travel has also propelled the aviation sector in the past couple of years.
U.S. Aircraft Refueling Hose Market, By Application, 2018 & 2025, (USD Million)
The International Air Transport Association (IATA) claims that the number of trips per person is forecast to increase by 4% – 8% annually for many emerging countries, and is projected to be as high as 10% – 11% per year in India and China. These growing trends necessitate radical infrastructural developments and the need for efficient refueling equipment like aircraft hose.
Aircraft hoses are made with utmost precision whilst keeping in mind the critical nature of their application. They can easily conduct refueling operations on land as well as in air – features that have considerably enhanced its significance in recent years.
Investment in defense infrastructure has offered immense impetus to aircraft refueling hose market. For instance, the U.S. Air Force 2020 budget anticipates an approximate US$165.6 billion investment, a 6% increase from the FY 2019 request, which involves continuing the procurement of F-35As and KC-46As, and initiating the refresh of the F-15 fleet with a new variant. These investments will most likely drive the global aircraft refueling hose industry share.
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Expansion in commercial airline fleets along with a high-rise demand for lighter airplanes will boost aircraft refueling hose market share. Exponential increase air passenger traffic will positively influence product demand. For instance, IATA claims that, with present trends in air transport, it is likely that passenger numbers will double to 8.2 billion by 2037.
Aircraft major Boeing recently projected that the worldwide need for new airplanes will grow rapidly between 2018 and 2037, during which about 42,730 new airplanes deliveries are expected with a market value of $6.3 trillion. This growth will be increasingly witnessed across Asian countries like China and India and will drive the regional industry. In fact, Boeing claims that China alone is expected to order 6,810 new airplanes worth over $1.025 trillion over the aforementioned period.
Rising efforts by domestic airlines to increase their flight network by adding new, advanced aircrafts will drive the industry share. Expanding aircraft fleets helps to increase the size of the airline’s network and will eventually help to boost aircraft refueling hose market trends.
North America aircraft refueling hose market will generate substantial proceeds by 2025 on account of rising demand for military aircrafts along with a considerable increase in defense budget. In a bid to attain improved system performance and efficiency, eminent industry players are developing lightweight and technologically advanced refueling hoses. Global Market Insights, Inc., claims that North America aircraft fueling hose industry size will depict a CAGR of 3% over 2019-2025.
In recent times, new highly advanced aerial refueling tankers are being deployed to conduct refueling operations in air, further contributing toward enhancing operational efficiency and reducing flight downtime. For instance, in 2019, the U.S. Air Force started accepting the first few production copies of Boeing’s military aerial refueling aircraft, KC-46. Official reports claim that the Air Force will accept 19 additional KC-46s by the end of August 2019 that would help drive the regional industry share.
The U.S. Navy plans to finalize its MQ-25 drone program by 2019 with an aim to craft drones that could fly off an aircraft carrier and refuel other aircraft mid-flight. Proliferating trends pertaining to drone development and deployment will propel North America aircraft refueling hose market size.
Helicopters are gaining traction in aircraft refueling hose market owing to increasing use of helicopter in-flight refueling (HIFR) systems. In the past decade, the worldwide fleet of civil helicopters has grown by 37.38% to reach 30,895 aircraft, claims the General Aviation Manufacturers Association (GAMA). Increased helicopter usage in O&G industry for getting to offshore oil rigs and conducting rescue operations in remote locations will drive aircraft fueling hose industry size from helicopters .
The global aircraft refueling hose market is driven by rapid deployment of commercial and military aircraft fleets in the aviation sector. Increasing number of air passengers and rising defense budget will augment business growth. Reports from Global Market Insights, Inc., estimate aircraft refueling hose market size to reach USD 2.5 billion by 2025.
Author Name : Mateen Dalal
LATAM aircraft door market to gain modest proceeds by 2025, rising demand for air freight services to expedite the global industry expansion
The proliferating tourism industry along with the surging consumer spending on air travel have indeed pushed aircraft door market trends lately. Doors, being one of the most critical components of aircraft, are quite overtly designed with utmost precision to offer easy access control and management of various aircraft compartments as well as ensure passenger safety by maintaining required air pressure within the aircraft. With the global expansion of the aviation industry, aircraft door designers and manufacturers are now focusing on reducing the overall door weight to enhance the aircraft’s fuel efficiency and profitability. The rising focus on weight reduction solutions in air carriers will thus drive the aircraft door market size over the forthcoming years.
U.S. Aircraft Door Market, By Door, 2018 & 2025, (Units)
Given the escalating air traffic across the globe, the fact that the frequency of aircraft production has surged comes as no surprise. According to the International Air Transport Association (IATA), by 2036, the number of passengers using air transit services is expected to reach over 7.8 billion – nearly twice of the 4-billion-mark recorded in 2017. With rising disposable incomes along with the escalating annual spending in emerging nations, the demand new, advanced and luxury airliners will also increase, scaling up air carrier deliveries and subsequently impacting the global aircraft door industry share.
It has been observed that of all different types, cargo doors are significant more popular, perhaps on account of the rise in cargo transport. According to the IATA, the air freight transportation in the year 2018, surpassed 60 million tons with an increase of close to 4.5% as opposed to 2017. Indeed, air cargo transportation is known to be potentially significant and accounts for about 35% of the worldwide trade by volume. With the expansion of the e-commerce industry, online retail carriers and integrators are enhancing their package sorting and automation capabilities, in addition to extending networks in a bid to gain a larger fraction of the growing trade. Powered by the robust expansion of air cargo transportation and the massive requirement of efficient doors in aircraft to ease loading and unloading, cargo aircraft door market share will experience a commendable incline in the years ahead.
Latin America is anticipated to be tagged as one of the profitable regional grounds for the expansion of the global aircraft door market. Quite discernibly, the growth of the LATAM industry can be attributed to the fact that domestic airliners are consistently expanding their commercial and regional jet fleets in order to accommodate more passengers. Citing an instance of the aforementioned, in Q3 2018, Embraer had received an order of more than 20 regional jets from the reputed Azul Linhas Aereas Brasileiras.
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Driven by the expansion of the regional aviation industry and the efforts undertaken by prominent domestic players to consolidate their position in the global space, LATAM aircraft door market size is forecast to register a CAGR of 6.5% over 2019-2025.
The Indian air transport sector has also depicted strong growth in the recent years, a fact that would serve to proliferate the regional aircraft door industry. Reports from IATA forecast that in the next 20 years the number of annual air passenger journeys will increase by over 350 million, hitting almost 520 million journeys in 2037.
The regional civil aviation industry has also emerged as one of the fastest growing verticals in the recent years, and is expected to soon overtake the stalwarts in the domain in the global race. The strong performance of India’s aviation industry and the subsequently escalating demand for the production of technologically advanced aircraft, have thus served to expedite the growth map of India aircraft door market.
Aircraft doors in essence, play a vital role to maintain specific air pressure in an aircraft cabin, offering enhanced security and assurance to traveling passengers. With a rising proportion of the global populace opting for air travel owing to surplus disposable incomes and the growing trade initiated by e-commerce giants, worldwide aircraft door market size is poised to hit a remuneration mark of USD 9.5 billion by 2025.
Author Name :Mateen Dalal
Aircraft lightning protection market to procure massive returns from civil & military aviation sectors, global industry valuation to cross $3.5 billion by 2024
Pegged at a modest $2.5 billion in 2017, global aircraft lightening protection market is projected to witness rapid growth over 2018-2024. Robust advancements in aircraft design coupled with the increasing need of conducting maintenance operations for aircraft fleet to comply with modern safety standards have been major factors driving the growth prospects of this industry. The last recorded fatal incident where a lightning strike caused a serious accident was in 1967, when a lightning bolt caused the airplane fuel tank to explode. Since then, numerous protection techniques have been developed and implemented with airplanes now going through a series of rigorous certification tests that verify safety measures. These safety certifications are not only perpetually fueling the aircraft lightning protection market but are also responsible for boosting the research and development efforts in the recent times.
U.S. Aircraft Lightning Protection Market, By Aircraft, 2017 & 2024, (USD Million)
In order to cut down the excess weight and fuel consumption, aircraft manufacturers have been incorporating composite materials in the structural parts of the airplanes. One of the prominent examples of this trend is the Juno project by Haydale which recently developed the world’s first Graphene Skinned Plane that provides significantly improved lightning-strike protection while cutting down on aircraft weight. Reportedly, the electrical conductivity of these composites has been improved significantly for lightning-strike protection by incorporating functionalized nanoparticles into epoxy resins. In addition to the development of such high-grade airplanes, numerous industry heavyweights such as Airbus have kickstarted their own research and development initiatives which will propel the aircraft lightning protection market trends in the years ahead.
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Expanding civil aviation industry to augment aircraft lightning protection market:
The civil aviation industry apportions a major chunk of the global aircraft lightning protection market – around $2 billion according to a 2017 estimate. The market size is projected to rapidly increase over the forecast period owing to growing world-trade and increase in passenger traffic. As per an IATA (International Air Transport Association) forecast, the air passenger traffic is set to reach 7.8 billion by 2036. Moreover, the association also estimates that around $17.5 billion worth of goods travel by air every day which translates to about 35% of the total world trade.
Apparently, these growing numbers in terms of air passenger traffic and world trade by air have consistently generated lucrative opportunities for aircraft manufacturers like Boeing and Airbus which have been manufacturing more aircrafts in the recent past. As per reliable estimates, the combined revenue of Boeing and Airbus stood at approximately $164.3 billion in 2016 which highlights the swift expansion of the civil aviation industry size. Needless to mention, the aircraft lightning protection market is certain to benefit from the rising prominence of the civil aviation sector over the forecast timeframe.
Military spending to play a considerable role in aircraft lightning protection industry expansion:
Of late, the military segment of aircraft lightning protection market has witnessed a robust expansion owing to increasing defense expenditure of major nations around the globe. According to reliable estimates, the top eight economies of the world allocated a combined $1188 billion to their defense budgets in 2017. Out of these nations, the U.S. alone is estimated to have spent around $610 billion. Apparently, these humongous numbers underscore the significance of military segment in the growth of aircraft lightning protection industry.
Moreover, the retrofit aircraft lightning protection market is projected to get a massive boost as aircraft manufacturers are being offered with sizeable overhaul and maintenance contracts by prominent military forces. For instance, the Marine Corps has already started offering contracts for portable lightning rods as it was recently discovered that the F-35B variant of U.S. Air Force’s flagship stealth fighter – F-35 Joint Strike Fighter is incapable of handling lightning strikes.
Essentially driven by growing world-trade, escalating air traffic passenger figures, and a drastic increase in defense budgets of various countries, the growth prospects of the aircraft lightening protection market appear to be highly promising. In fact, according to the research report put together by Global Market Insights, Inc., the remuneration scale of aircraft lightning protection market is projected to surpass $3.5 billion by 2024.
Author Name : Akshay Kedari
Aerospace landing gear market to derive commendable proceeds via commercial aviation over 2018-2024, surging MRO services to expedite the industry expansion
Over the recent years, the global aerospace landing gear market share has observed an exponential growth owing to a significant uptick in air passenger traffic and the consequent increase in the demand for lightweight aircrafts. Owing to the criticality of these subsystems, which support aircraft weight during landing and ground operations, the commercial airlines have focused on incorporating high-grade landing gears in the recent times. Moreover, the swift escalation in the number of commercial aircraft production across the world has emerged as one of the foremost factors to have contributed toward rapid growth of the aerospace landing gear industry.
U.S. Aerospace Landing Gear Market, By Position, 2013-2024, (Units)
Elaborating further, the U.S. based Boeing for instance, delivered an astonishing 763 commercial airplanes in the year 2017. Reportedly, the aerospace behemoth surpassed its previous delivery record set in 2015. In this context, it would be prudent to mention that 2017 was the seventh consecutive year that registered a decent increase in the delivery of commercial aircrafts by foremost manufacturers.
Apparently, the number of commercial aircraft deliveries stood at 1740 in 2017. This remarkable surge in the total fleet of the commercial airplanes, which was estimated to be around 31,000 worldwide in the same year, has been instrumental in establishing the prominence of commercial aircrafts in the aerospace landing gear market. In fact, the commercial aircraft space is projected to be the major growth segment in the overall aerospace landing gear industry in the upcoming years. Incidentally, commercial aviation held over 58% of the aerospace landing gear market share in 2017 and will emerge as a dominant segment by 2024.
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Concurrently, it has been observed that there has been a gradual uptick in the number of collaborations being formed between firms operating in MRO (maintenance, repair and operations) industry and various commercial microsatellites & orbital transportation service providers. Needless to mention, these collaborations have invariably boosted the commercialization scale of the overall aerospace landing gear market in the recent times. The U.S. headquartered Triumph Group for instance, has recently teamed up with a systems integrator specializing in microsatellite services, Sierra Nevada Corporation (SNC), to provide landing gear system for the Dream Chaser spacecraft.
In this regard, the agreement mentions that Triumph Group’s Washington based Integrated Systems business unit will work together with SNC to supply the main and nose landing gear to a lifting-body vehicle, the Dream Chaser. Reportedly, this spacecraft would be utilized to support NASA’s Commercial Resupply Services 2 project that is slated to resupply the International Space Station. The partnership is being increasingly termed as quite remarkable in the aerospace landing gear industry given that the contract further includes the supply of integrated actuation solutions for the landing gear and door systems which would be developed by both the firms.
Speaking in the similar context, numerous dominant commercial and defense aircraft manufacturers around the globe have continued assisting airline operators to leverage exchange offerings of landing gears and overhaul of performing equipment as well. Powered with a robust global network of repair service centers, these aircraft manufacturers are well-positioned to lower maintenance time and provide reliable landing gear repair services to major airlines. To cite an instance of the same, Boeing had declared the launch of its new landing gear exchange programs in 2014 for Air Canada’s 777-200LE (Longer Range) and 777-300ER (Extended Range) airframes.
As per the contract, the American aerospace behemoth had agreed to provide certified and fully overhauled landing gear shipsets for a total of 23 aircrafts belonging to the largest domestic and international airline in Canada. Apparently, such cost-effective offerings by prominent aircraft manufacturers have optimistically influenced and proliferated the aerospace landing gear industry space over the past few years.
The prominent aerospace regulating authorities such as Federal Aviation Authority and Civil Aviation Safety Authority have laid out strict guidelines to deploy advanced technologies including Radio-Frequency Identification and wireless sensor network to enhance operational safety of airplanes. Furthermore, the increasing adoption of advanced landing gear systems across major airlines would impel product penetration, cite analysts. Driven by a rapid increase in commercial aircraft deliveries coupled with the burgeoning air passenger traffic, the aerospace landing gear market is slated to grow at an exceptional pace in the years ahead. In fact, as per a research report collated by Global Market Insights, Inc., the revenue portfolio of aerospace landing gear industry is estimated to surpass USD 21 billion by 2024.
Author Name : Saif Ali Bepari
Titanium sponge for aerospace & defense market to accumulate heavy returns over 2018-2024, innovative recycling initiatives and indigenous production of the metal to characterize industry landscape
Titanium sponge for aerospace & defense market share has been witnessing a sharp uptick in the recent years owing to an increased emphasis on enhancing the fuel efficiency and lower the weight of military and commercial aircrafts. At the same time, it has been observed that numerous companies have been focusing on building technologically advanced facilities to manufacture environment friendly titanium sponge which has consequentially benefited the overall business space. Citing an instance that affirms this declaration, a group of private firms operating in titanium sponge for aerospace & defense industry have recently unveiled the first production facility in Europe that recycles aeronautical-grade titanium.
U.S. Titanium Sponge for Aerospace & Defense Market, By, 2017 & 2024, (Metric Tons)
Elaborating further, the facility, named as EcoTitanium, would utilize four times less energy than the traditional supply chain and would ensure titanium-ingot production to be highly eco-friendly. Here, it would be prudent to mention that this instance complements the efforts being undertaken by various European nations to indigenously manufacture a substantial amount of titanium sponge as to reduce the net imports of this metal and lower the dependence on Russian and American suppliers. Furthermore, the facility is slated to ramp up it’s manufacturing of titanium ingots to several thousand tons per annum in the times to come – a factor that would propel the growth prospects of titanium sponge for aerospace and defense market across Europe.
Apart from the emergence of eco-friendly titanium sponge, a new trend that is being observed across titanium sponge for aerospace & defense market is that of the manufacturing of titanium sponges by prominent space research institutions of a few nations for strategic purposes. For instance, in a bid to fulfill the ever-increasing titanium requirement for its space programs, the Indian Space and Research Organization’s (ISRO) Vikram Sarabhai Space Centre, in 2015, completed the construction of a full-fledged titanium sponge manufacturing plant at Chavara in the state of Kerala.
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Reportedly, the latest facility is slated to manufacture around 500 metric tons of titanium sponge per annum. Reportedly, the foremost space agency requires a total of 200-300 metric tons of titanium sponge on an annual basis to seamlessly conduct its ambitious space programs. Interestingly, the latest plant is being termed as a significant achievement of the ISRO as it is the only integrated facility across the overall titanium sponge for aerospace & defense industry that carries out all activities right from mining of titanium to production of aerospace-grade titanium sponge at the same location.
The above instance further reinforces the prominence of titanium alloys that possess unique characteristics like excellent corrosion resistance and high strength to weight ratio. Apparently, these properties have made titanium alloys highly useful in liquid propellant tanks, interface rings for satellites, inter tank structures, and gas bottle/liners. Needless to mention, the aforementioned statements go on to explain the rising interest of space agencies across the globe to have in house titanium sponge manufacturing facilities that would quicken the pace of their space programs.
Concurrently, the escalating demand for high tensile strength and light weight metals that are being increasingly deployed in armor plating & missiles, helicopters, fire walls, landing gear, and naval ships would further accelerate the titanium sponge for aerospace & defense market share expansion. Moreover, the rising utilization of components made from these material alloys in engine mounts, turbines, seat rails, floor beam, fuselage frame, and doorframes would undoubtedly augment the commercialization potential of titanium sponge for aerospace & defense industry in the forthcoming years. In fact, according to a research report collated by Global Market Insights, Inc., the overall remuneration portfolio of this business sphere is estimated to surpass USD 1.9 billion by 2024.
Author Name : Saif Ali Bepari
Aerospace & defense fluid conveyance systems market to amass hefty returns via aftermarket sales, global industry share to exceed USD 22 billion by 2024
The rising deployment of fleet services for transportation & military operations has been driving aerospace & defense fluid conveyance systems market considerably since the last few years. With increasing disposable incomes and subsequently changing lifestyles, air transportation has lately gained substantial momentum, fueling the need for commercial aircraft. In addition, in order to eliminate terrorist activities, which have been increasing rapidly since the last few decades, many countries have been deploying unmanned aerial vehicles and high-speed jets. Aided by changing military strategies and heavy investments in the defense sector, aerospace & defense fluid conveyance systems industry size is anticipated to witness a massive upsurge over 2018-2024.
U.S. Aerospace & Defense Fluid Conveyance Systems Market, By Fluid, 2017 & 2024, (USD Million)
Taking into account the primary need of fluid conveyance systems in aircraft production, leading aircraft manufacturers have been establishing partnerships with fuel system manufacturers. An instance of the aforementioned is GKN Aerospace’s contract signed with General Atomics Aeronautical Systems Inc., in 2017, for developing, designing, and manufacturing fuel conveyance systems. GKN Aerospace, through this development agreement, apparently looked forward to developing fuel systems for UAV (unmanned aerial vehicle) applications. The firm planned to manufacture fuel bladders through a vacuum forming process in conjunction with the latest polyurethane (PU) material that is durable and lightweight. Given that UAVs are prominently used in the defense sector for performing various surveillance and other military tasks, GKN is likely to strengthen its stance in aerospace & defense fluid conveyance systems market through this deal, in addition to encouraging its fellow adversaries to increase their investments in the development of military UAVs.
The surging deployment of aircraft for defense as well as commercial purposes has been creating lucrative opportunities not only for original equipment manufacturers but also for aftermarket product developers. In fact, in order to rake in maximum capital, aircraft companies are signing long-term deals with aftermarket product suppliers. The collaboration of airline companies with aftermarket product distributors is proving rather beneficial for this vertical, in terms of reduced maintenance cost and improved fleet reliability.
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Citing a recent instance justifying the aforementioned statement, in 2016, Emirates signed a 10-year aftermarket agreement with Unison Industries to upgrade the GE90 and GP7200 engine fleets. Emirates back then, could leverage Unison’s expertise in the areas of upgrades, exchange programs, and repairs with mutual goals of the highest quality support. The deal testified that requirement of the aftermarket is vitally important for maintaining fleet services. Indeed, as per estimates, aerospace & defense fluid conveyance systems market size from the aftermarket distribution channel is slated to register a CAGR of 3.5% over 2018-2024.
Elaborating further on the growth strategy scenario in aerospace & defense fluid conveyance systems market, it is noteworthy to mention in 2015, Parker Aerospace signed a long-term deal with Emirates to provide a maintenance package to its Airbus A330/A340 and Boeing 777 engines and aircraft. As per the agreement, Parker will establish its repair facilities and network outstations across the globe to support Emirates, which will emerge to be advantageous for regional companies and local support teams to generate a sufficient inventory pool for fleet maintenance. This in consequence would have a remunerative impact on the overall aerospace & defense fluid conveyance systems industry outlook over the years ahead.
The mutual cooperation between aircraft companies and product suppliers is likely to be one of the major driving forces of aerospace & defense fluid conveyance systems industry. The surging deployment of UAVs for performing military operations will also have a remarkable impact on product demand over the years ahead. Driven by the escalating demand for fleet components and the robust competitive hierarchy, aerospace & defense fluid conveyance systems market share will increase at a CAGR of 3% over 2018-2024.
Author Name : Sunil Hebbalkar
North America aerial refueling system market to witness remarkable proceeds over 2017-2024, region to procure over 50% of the global share
E-2D Advanced Hawkeye’s successful completion of an aerial refueling test is the latest scoop grabbing most of the headlines in aerial refueling system marketplace. Reportedly, the three-hour test flight was being conducted by Air Test and Evaluation Squadron Two Zero in association with U.S. Navy’s 418th Flight Test Squadron from California based Edwards Air Force Base. In a bid to make this venture fruitful, the aerial refueling system equipped with E-2D, received 2,000 pounds of fuel from U.S. Navy’s KC-130 Hercules during its test flight at NAS (Naval Air Station) Patuxent River. Sources familiar with the matter stated that the effective testing undoubtedly reaffirms the on-time delivery of this breakthrough technology in aerial refueling system market. For the record, as of now, the production is scheduled for 2018, with operation slated to commence from 2020.
U.S. Aerial Refueling System Market, By System, 2016 & 2024, (Units)
It is rather claimed that U.S. Navy’s fleet carrier force has no equivalent across the globe, the fundamental aspect that has aided aerial refueling system market progression in the country. Increasing prevalence of a multitude of variants of these systems such as C-160 NG, KC-130, and KC-135 along with substantial aircraft deliveries is likely to significantly contribute toward the regional industry growth. In fact, with U.S. the helm, North America aerial refueling system industry is forecast to procure nearly 50% of the global share by 2024. The country is also home for a host of renowned companies operating in aerial refueling system market including the likes of Boeing and Lockheed Martin. It has been observed that these giants have been heavily inclining toward strategic alliance with regional air force department to gain a visibility and competitive edge. This is quite coherent from the increased aerial refueling system industry share from military aircraft application, which is slated to surpass USD 2.4 million by 2024.
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In this regard, couple of years back, Boeing won a contract to develop a new tanker, under which U.S Air Force department planned to buy 179 KC-46s. Reportedly, as a part of the contract worth of USD 44.5 billion, Boeing was responsible for costs beyond U.S. Navy’s commitment USD 4.82 billion. For the records, as of yesteryear, the renowned defense contractor had taken on nearly USD 2.9 billion in pretax costs. Despite the significant lingering problems that KC-46 program contract has been dealing with over the past years, it is expected to get resolved by this year, as the aerial refueling system market giant is now obligated to deliver 18 of the new tankers to the Air Force Department by October 2018. The regional business space is likely to observe similar kind of joint venture approaches from private and government entities.
Some of the other leading names observing a strong contendership in aerial refueling system industry include GE Aviation System, Eaton Corporation, Zodiac Aerospace, Dassault Aviation, and Marshal Aerospace and Defense Group. Amidst the dynamically charged share battle, product innovations via M&A activities is one of the strongest parameters defining the sustainability quotient for the market players. For instance, recently Icon Aerospace Technology signed a multi-year contract with Cobham Mission Systems in a bid to offer its flagship in-flight refuelling hoses based at its Retford site. Reportedly, this long-term deal comes on the heels of supporting Cobham’s Air-to-Air Refuelling systems with Icon hose products that are already installed on renowned aircrafts like Airbus A330 MRTT and Boeing KC-46. All in all, with robust product developments by the business stakeholders and increasing defense budgets across various countries, the revenue graph of aerial refueling system market is likely to witness a remarkable momentum over the forthcoming years.
Author Name : Satarupa De
Aircraft communication system market to procure hefty proceeds from commercial aircraft sales, technological advancements in product development to pave the path for industry growth
The commendable expansion of the aviation space can be aptly credited for the significant proceeds that aircraft communication system market has been accumulating in the recent years. According to a study conducted by IATA, the average global citizen now undertakes air travel once every 21 months – a significant increase from the 43-month duration in 2000. Not to mention, military expenditure has also observed a rise lately, with governments setting aside a major portion of the national budget for the defense sector. Driven by surging military spending and the rising number of defense aircraft, aircraft communication system market will inevitably propel over the coming years. In order to remain aligned with the exponential demands of the current consumer base, innovative products are also being introduced in aircraft communication system market.
China Aircraft Communication System Market, By Component, 2018 & 2025, (USD Million)
With air travel becoming more affordable, a new generation of jetsetters have come into being, leading to increased air traffic. In consequence, pilots are under tremendous greater pressure to navigate in the congested air space. As the demand for real-time satellite access and air traffic data to undertake rapid decisions increases, aircraft communication system market is likely to receive commendable momentum. For instance, the EU has adopted the SANDRA project that integrates different plane communication systems in a single system. This unit facilitates faster data connectivity and replaces banks of radio hardware with state-of-the-art software systems. Thus, data like weather conditions and air traffic situation that used to be verbally communicated earlier, can now be accessed by pilots in real time through flight computers.
A single system based on IP technology, SANDRA is capable of transmitting data through multiple data links. It can also transmit data to the ground via digital and high-speed satellite, providing communication to the aircrafts in a seamless manner. Indeed, the system has increased aircraft safety owing to the reliable and quick communication between the aircraft and control tower. In consequence, this seems to have encouraged aircraft communication system industry players to advance their capabilities and bring about highly innovative products.
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Speaking of which, SATCOM, one of the pivotal products in aircraft communication system market, has proved itself to be rather crucial in air traffic management. Its increased deployment in military aircrafts is likely to upscale its demand, thereby stimulating aircraft communication system market size from SATCOM.
One of chief drivers for the aircraft communication system market is the exponential growth of the commercial aircraft industry. Considering an instance of Airbus, one of the pioneers of the aerospace industry, the firm has set its goal of tripling its revenues within the next seven years to enable its commercial aircraft business reach $10 billion. It also plans to target measures worth $555 million in 2018 to improve productivity. Furthermore, in the year 2018, Airbus commercial aircraft deliveries rose to 800 – an 11% surge compared to 2017.
Powered by substantially large investments in place, in conjunction with the escalating adoption of low-cost carriers and enhanced regional connectivity, global aircraft communication system industry is likely to accrue massive ROI from the commercial air carrier segment.
With cutting edge innovations being brought forth rapidly in aircraft communication system market, it is rather overt that this business space would thrive commendably in the ensuing years. NASA has recently developed The Aircraft Access to System Wide Information Management that is capable of replacing the underground cables airport communication system with wireless communication. This is one of the instances of high-grade technological advancements prevalent in aircraft communication system industry. As per reliable estimates, aircraft communication system market size is anticipated to cross USD 2.9 billion by 2025.
Author Name : Paroma Bhattacharya
Global Market Insights Inc. 