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(Transportation-News.com, October 18, 2018 )
Stratview Research announces the launch of a new research report on Global Aerospace & Defense Ducting Market by Aircraft Type (Commercial, Regional, General Aviation, Helicopter, Military Aircraft and Others), by Duct Type (Rigid, Semi Rigid, and Flexible), by Application (Airframe, Engine, and Others), by Pressure Type (Low Pressure and High Pressure), by Material Type (Nickel & Alloys, Titanium & Alloys, Stainless Steel & Alloys, Composites, and Others), and by Region (North America, Europe, Asia-Pacific, and RoW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022.
The Global Aerospace & Defense Ducting Market: Highlights
As per Stratview Research, the global aerospace & defense ducting market offers healthy growth opportunity during the forecast period of 2017 to 2022 and reach $2.9 billion in 2022. The author of the report stated that Increasing deliveries of commercial and regional aircraft, increasing the share of wide-body aircraft in the commercial aircraft deliveries, rising aircraft fleet size, and increasing demand for lightweight ducting are major growth drivers of the market.
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In terms of material type, composites ducting is likely to witness the highest growth over the next five years, propelled by continuous replacement of heavy metals including aluminum and stainless steel with composites in low-pressure & low-temperature and low-pressure & high-temperature applications.
Based on aircraft type, commercial aircraft is projected to remain the largest and fastest-growing segment of the aerospace & defense ducting market during the forecast period, driven by increasing production rates of the best-selling aircraft, such as A320 family, B737, B787, and A350XWB, rising aircraft fleet size, and development of high thrust engines.
As per Stratview Research, the global aerospace & defense ducting market is moderately consolidated with more than three dozen players active in the market. Top 5 players (Eaton Corporation, Senior Plc, PFW Aerospace, Arrowhead Products, and Triumph Group) captured close to 50% of the market in 2016. New product development, formation of long-term contracts, and collaboration with OEMs are the key strategies adopted by the major players to gain a competitive edge in the market.
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Source: EmailWire.Com 
Source: EmailWire.com
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