Aircraft Band Clamps Market is Forecast to Reach US$ 246.4 Million in 2027, Says Stratview Research
The Aircraft Band Clamps Market is likely to rise at a CAGR of 11.4% during 2022-2027, to reach US$ 246.4 million in 2027, states Stratview Research.
DETROIT, May 3, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the global Aircraft Band Clamps Market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.
Segment Insights on Aircraft Band Clamps Market
The global aircraft band clamps market is segmented based on aircraft type, application type, band material type, band clamp type, and region.
Based on aircraft type - The market is segmented into commercial aircraft, regional aircraft, helicopters, military aircraft, and general aviation. Commercial segment occupied a market share of more than 55% in 2021 & is expected to be the fastest-growing aircraft type in the market during the forecast period driven by the expected rebounding of air passenger traffic, reapproval of B737 Max, and projected ramp-up in production rates of key aircraft programs.
Based on application type - The market is segmented into engines and others. The engine segment remains dominant in the market with more than 90% share in 2021 as it consists of maximum connections of ducts, tubes, and hoses which need to be connected intact to withstand intense temperatures and pressure.
Based on the band material type - The market is segmented as steel/stainless steel, aluminum, titanium, nickel alloys, and others. Steel & stainless steel accounted for a share of more than 50% in 2021 & are projected to remain dominant in the market during the forecast.
Owing to their various benefits over other materials, such as the ability to withstand extreme vibrations, shock, temperature, and pressure. Steel/stainless steel is also cost-effective as compared to titanium and nickel alloys.
They are used in a majority of functionalities in the engine and other aircraft applications to hold all types of ducts, tubes, and hoses. It is also cost-effective and inhibits several properties, strengthening the connectivity in extreme temperatures and pressure.
To know the attractive segments, click here for a free sample pdf:
Which Region Offers the Best Opportunity and Growth?
The report suggests that the North America dominated the market with a share of more than 45% in 2021 and is expected to remain the largest region during the forecast period.
This growth is majorly attributed to the following –
Aircraft Band Clamps Market Drivers
Some of the key drivers listed in the report are given below.
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Top 9 Companies in Aircraft Band Clamps Market?
The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
What Deliverables will You Get in this Report?
Related reports which might be useful:
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