The Market
Fluid conveyance systems are the vital arteries that manage and distribute critical liquids and gases in the low/high-pressure state and at varying degree of temperatures.
With the handsome growth in the aircraft industry, the growth of the Aircraft Fluid Conveyance System market is also expected to be impressive. The Stratview Research analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024. The report details the market in the most intelligent way to bring out the best actionable market intelligence for interested firms.
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Aircraft Fluid conveyance systems are one of the most critical components in an aircraft. They perform vital functions, such as ventilation, pressurization, fluid & fuel flow, humidity or control, anti-icing, noise attenuation and temperature regulation. Aircraft fluid conveyance system primarily includes hoses & tubes, pneumatic ducts.
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A variety of materials are used in making FCS components. Inconel 625 & 718, the alloys of Nickel, account for around one-third of the market, followed by Teflon, composites and Titanium alloys, stainless steel alloys etc. (in decreasing order of market share). Due to the suitability of Metal alloys in high temperature & pressure applications which dominate the market, the share of metal alloys is quite high.
Composite components have shown the highest growth and are expected to continue the growth streak. The rise can be attributed to several advantages, such as superior properties and lightweight etc.
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The global fluid conveyance systems market in the aerospace industry offers good growth prospects over the next five years. Stratview Research, after rigorous data crunching, considering the various pertinent drivers and constraints, estimates the market to grow at a CAGR of 5.3% over the next five years to reach the market size of over US$ 5 billion by 2024.
The FCS market is consolidated with the presence of more than two dozen players. At the helm are the firms Eaton Corporation, Parker Hannifin Corporation, Senior Plc, PFW Aerospace and Arrowhead Products, which cumulatively accounted for about half of the market in 2018.
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The present challenges beleaguering the FCS industry are cost reduction, cracks in the ducts, galvanic corrosion, de-bonding etc. But the major development of no-bleed architecture is a different cause of concern.
In a departure from the conventional practice of using pneumatic systems and bleed manifold, Boeing 787 chose to side with no-bleed system architecture.
B787 reflects a completely new approach by shifting towards the electrical system which replaces most of the pneumatic systems found on traditional commercial aeroplanes. The recent advancement in technology allowed Boeing to incorporate a new no-bleed systems architecture in 787 that eliminates the traditional pneumatic system, bleed manifold and converts the power source of most functions formerly powered by bleed air to electric power, for example, the air-conditioning packs and wing anti-ice systems.
The transition from bleed-air power to an electric architecture reduces the mechanical complexity of B787 by more than 50% compared to B767, with a concomitant reduction in the overall requirement of ducting in the bleed air section in B787.
Will the new system challenge the hegemony of the age-old system? And how fast OEMs will incorporate the no-bleed architecture? These question can only be answered with time.
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Salient Features of the Report The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future. The following are the key features of the report:
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Strategic segmentation
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Market analysis: Growth drivers and constraints, Porter’s five forces
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analysis, SWOT analysis
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Detailed Competitive Rivalry landscape
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Market trend and forecast analysis
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Future Growth Boulevard
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