Report: Aerospace fluid conveyance system market on the rise

A fluid conveyance system comprises of components that carry critical liquids and gases throughout an aircraft. These components manage and distribute the flow of fluids in low as well as high pressure and temperature areas of rotary winged and fixed winged aircraft for both civil and military aviation.

Just some of these components include valves, high pressure joints, fuses, hoses, hose fittings, couplings, ducts and others. Each component is deployed to serve its critical purpose across different parts of the aircraft. Western Europe is expected to emerge as a rapidly growing region in the global aerospace fluid conveyance market, primarily due to the increasing number of aerospace production and assembly sites in the region. Overall, in the global aerospace fluid conveyance system market, Europe is estimated to hold a large market share in terms of revenue contribution, followed by North America. Demographics such as growing population and urbanization are further boosting the demand for transportation, contributing to this market growth.

Just some of the trends that are currently affecting the aerospace fluid conveyance system market, and will continue to do so between 2017 and 2027, include the consumption of alternative fuels, the need for lightweight materials and the demand for energy efficient engines & components. In order to increase profitability, aircraft OEMs are engaging in several cost reduction initiatives, such as establishing new commercial terms, shifting to low cost processes, and working with supply chain integrators to close loop on materials.

Photo and source courtesy of Find Market Research

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