The document discusses trends in the aerospace and defense fluid conveyance systems market from 2018 to 2024. It states that increasing aircraft production and defense spending will drive market growth. Original equipment manufacturers are expected to dominate the market, surpassing $14 billion by 2024 due to their large-scale installation of fluid systems in aircraft. The aftermarket will also see substantial growth of over 3.5% due to the need to replace systems in aging aircraft. North America will remain the largest regional market due to its high production levels and presence of component manufacturers.

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Aerospace & Defense Fluid Conveyance Systems Market
Trends, Growth & Forecast, 2018 - 2024

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Increasing aircraft production and deliveries across the globe will primarily drive the
industry growth over the forecast timeframe. Continuous growth in defense sector,
especially in emerging economies will led to rising demand for military aircrafts
thereby escalating the revenue generation.
OEMs are likely to dominate the aerospace & defense fluid conveyance systems
market, surpassing USD 14 billion over the forecast timeframe. Their large-scale
installation in aircrafts for fluid transmission will primarily support the industry
dominance.
Aftermarket will witness substantial growth at over 3.5% from 2018 to 2024. This
can be credited to high replacement needs, particularly in ageing aircrafts. The
aftermarket players ensure the quality maintenance of these systems, further
supporting the industry growth.
Rising demand for energy-efficient engines & lightweight materials are few trends
significantly impacting the aerospace & defense fluid conveyance systems market
share from 2018 to 2024.
Key Insights from Aerospace & Defense Fluid
Conveyance Systems Market:

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 Commercial aircrafts will dominate the aerospace & defense fluid conveyance
systems market with more than 80% share over the forecast timeframe. This can be
attributed to their continuously rising production.
 Hydraulic fluid systems is anticipated to showcase dominance with approximately
40% revenue share by 2024. These systems are highly prominent in conducting
various critical operations of aircrafts.
 Ducts will account for more than USD 7 billion in aerospace & defense fluid
conveyance systems market by 2024. Their high usage for transmitting the fluids
from the engine to aircraft wings edges will essentially contribute towards the
revenue generation.
 Aerospace & defense fluid conveyance systems market from airframe is likely to
capture over 60% share till 2024 owing to high implementation of these systems in
applications such as brakes, flight control surfaces, landing gear, etc.
Continued...

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U.S. Aerospace & Defense Fluid Conveyance Systems Market, By Fluid, 2017 & 2024,
(USD Million)

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• GKN Aerospace
• Parker Hannifin Corporation
• Eaton Corporation
• ITT Corporation
• Encore Group
• Arrowhead Products
• Triumph Group
• Exotic Metal Foaming
• Unsion Industries
Major Companies in Aerospace & Defense Fluid
Conveyance Systems Market:

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Industry Coverage

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North America aerospace & defense fluid conveyance systems market will dominate
the industry will over 50% revenue share over the next seven years. Rising aircraft
production coupled with high presence of component manufacturers will support the
regional dominance.
Asia Pacific will witness 4% CAGR till 2024 owing to proliferating aircraft deliveries.
It is attributed to the surging air passenger traffic in developing countries across the
region.
Regional Insights in Aerospace & Defense Fluid
Conveyance Systems Market:

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