According to a new report published by Allied Market Research, titled, โAircraft Band Clamps Market,” The aircraft band clamps market was valued at $190.30 million in 2021, and is estimated to reach $312 million by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
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The aircraft band clamps market holds a great growth rate owing to rise of global aviation industry across the globe. In the wake of COVID-19 pandemic and Russiaโs war in Ukraine has had a direct impact on the aviation industry, most notable that sanctions prohibit delivery of airplanes in Russia. There will be demand for 40,000 new airplanes in the next 40 years. Furthermore, advancements of aircraft capabilities worldwide have created the demand for modernization and installation of advanced technologies by companies. Hence, the increase in new aircraft and their modernization is expected to open new avenues for the growth of the aircraft band clamp industry during the forecast period.
Factors such as rise in air traffic bolstering the requirement of new aircrafts and increase in aircraft deliveries and rise in inflight passengers across the globe are primary factors supporting market growth. Despite continued headwinds, air travel remains a critical component of the global transport network, enabling not only people but cargo to move efficiently. Chinaโs passenger traffic growth prospects continue to be supported by long-term economic growth (GDP) expectation of 4.3% over the next 20 years.
Covid-19 Scenario:
- The COVID-19 pandemic had a negative impact on the global aircraft band clamps industry.
- Airport traffic and income were significantly impacted by the COVID-19 pandemic. According to ACI, the rapid spread of the virus and the implementation of containment measures by governments, such as staying at home and airport closures led to a 22.9% decline in global air traffic in February and a 53.1% decline in March 2020, leading to a drop in passenger volume of 620 million in the first quarter of 2020.
- Owing to a 90% global reduction in passenger travel, April 2020 was an especially challenging month. The grounding of aircraft resulted in a drastic decline of aircraft engines, which also affected the component industries like band clamps.
๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐๐ฒ๐ฑ ๐๐ผ ๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐? ๐๐ป๐พ๐๐ถ๐ฟ๐ฒ ๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐๐๐๐ถ๐ป๐ด – https://www.alliedmarketresearch.com/purchase-enquiry/18816
Metal clamps used today, which can be in the thousands in a single helicopter and in the tens of thousands in commercial aircraft. The electrical wiring management and maintenance is a solution that is seeking to replace the inefficient metal clamps of today that have led to or propagated electrical shorts and wiring chafing, with smart clamp which can sense, monitor, and diagnose electrical wire systems using augmented reality and artificial intelligence. Taking maintenance that takes weeks down to hours. For instance, in August 2021, United Aircraft Technologies, Inc. announced their contract with the U.S. army worth $1.1million, which is going to the development of their technology the interconnecting clamp and the smart interconnecting clamp for future of vertical lift, a defense modernization program aiming to field new helicopter models.
In high temperature applications, it is essential that you have the proper equipment to handle the heat being applied to your equipment. Without high temperature ducting, extreme heat can cause permanent damage to the flex duct and ventilation system. Large selection of high temperature hose that is designed for long-term use and durability when exposed to elevated temperatures. The most important distinction that must be made is the determination of the maximum temperature to which a hose is exposed. This includes the media being moved through the flex duct, as well as the temperature in and around the machinery in which a flex hose is attached.
The key players operating in the aircraft band clamp market are TransDigm Group Inc., Teconnex, Eaton, Caillau, Ho-Ho Kus, J&M Products Inc., National Utilities, Pacmet Aerospace, UMPCO, Inc., Clampco Products Inc., Consolidated Aerospace Manufacturing, Destaco, United Aircraft Technologies, Inc., LAS Aerospace Ltd, Click Bond, Inc., Wicks Aircraft Supply and Avionics Mounts Inc.
KEY FINDINGS OF THE STUDY
- By material, the aluminum segment leads the market during the forecast period.
- By application, the engine segment leads the market during the forecast period.
- By end use, the military segment is expected to grow at lucrative growth rate during the forecast period (2022-2031).
- By sales channel, the OEM segment leads the market during the forecast period.
- Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฎ๐: https://www.alliedmarketresearch.com/aircraft-band-clamps-market/purchase-options