The unrelenting passion of the aerospace and defense industry to enhance the performance of commercial and military aircraft is constantly driving the development of improved high performance structural materials. Composite materials are one such class of materials that play a signifcant role in current and future aerospace components. Composite materials are particularly attractive to aviation and aerospace applications because of their exceptional strength and stiffness-to-density ratios and superior physical properties. Aerospace & defense composite ducting is composite with glass fiber, carbon fiber, epoxy resin, phenolic resin, thermoplastic resin, etc.
As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years. The use of composites in particular is growing as aircraft manufacturers seeks to replace aluminium with lighterweight materials where possible
The industry is relatively fragmented, the key brand include Senior Plc, AIM Aerospace, Arrowhead Products, Triumph Group, STELIA Aerospace, ITT Corporation, Flexfab, Parker Hannifin, Hutchinson, Unitech Aerospace, Royal Engineered Composites, AVS-SYS, Kitsap Composites and so on.
The market is growing at a very rapid pace and with rise in technological innovation, competition and M&A activities in the industry many local and regional vendors are offering specific application products for varied end-users. The new manufacturer entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
According to this study, over the next five years the Aerospace & Defense Composite Ducting market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 1040 million by 2024, from US$ 710 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Aerospace & Defense Composite Ducting business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Aerospace & Defense Composite Ducting market by product type, application, key manufacturers and key regions and countries.
This study considers the Aerospace & Defense Composite Ducting value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Glass Composites
Carbon Composites
Other Composites
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial
Military
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Senior Plc
AIM Aerospace
Arrowhead Products
Triumph Group
STELIA Aerospace
ITT Corporation
Flexfab
Parker Hannifin
Hutchinson
Unitech Aerospace
Royal Engineered Composites
avs-sys
Kitsap Composites
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Aerospace & Defense Composite Ducting consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Aerospace & Defense Composite Ducting market by identifying its various subsegments.
Focuses on the key global Aerospace & Defense Composite Ducting manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Aerospace & Defense Composite Ducting with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Aerospace & Defense Composite Ducting submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Aerospace & Defense Composite Ducting . Industry analysis & Market Report on Aerospace & Defense Composite Ducting is a syndicated market report, published as Global Aerospace & Defense Composite Ducting Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Aerospace & Defense Composite Ducting market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.