Aerospace & Defense Composite Ducting Market to Reach $864.7 Million in 2024, Says Stratview Research
DETROIT, May 21, 2019 /PRNewswire/ -- Stratview Research announces the launch of a new research report on Aerospace & Defense Composite Ducting Market by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and Others), by Pressure Type (Low-Pressure Ducts and High-Pressure Ducts), by Reinforcement Type (Glass Composites, Carbon Composites, and Other Composites), by Matrix Type (Epoxy Composites, Phenolic Composites, Thermoplastic Composites, and Other Composites), by Application Type (ECS, APU, Avionics Ventilation, and Others), by Manufacturing Process Type (Mandrel Layup, Rotation Molding, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today's aerospace & defense composite ducting market realities and future market possibilities for the forecast period of 2019 to 2024. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market stakeholders and investors in the identification of low-hanging fruits available in the market as well as to formulate the growth strategies.
Composite Ducting Market in the Global Aerospace & Defense Industry: Highlights
As per Stratview Research, the global aerospace & defense composite ducting market is projected to reach US$ 864.7 million in 2024. Increasing production rates of major aircraft programs, such as A320 family, A350XWB, B737, and B787; upcoming aircraft and introduction of variants of the existing aircraft platforms, such as C919, MC-21, B737 Max, and A320neo; continuous shift from metal ducts to composite ducts to achieve greater fuel efficiency; advancement in the ducting technology; and growing aircraft fleet size are some of the major growth drivers of the market.
The research's findings suggest that commercial aircraft is expected to remain the growth engine of the market during the forecast period. The aircraft segment is also expected to witness the highest growth over the next five years, driven by increasing production rate of key aircraft programs, such as B737, A320, B787, and A350, and continuous shift from metal ducts to composite ducts in both low-pressure and high-pressure applications. Regional aircraft is also projected to witness impressive growth during the same period.