North America Hydraulic Fluid Connector Market for Aerospace Application is Estimated to Reach US$ 987.6 Mn by 2024: Transparency Market Research

Transparency Market Research has published a new report titled “Hydraulic Fluid Connector Market for Aerospace Application – North America Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the North American hydraulic fluid connectors market for aerospace application was valued at US$ 535.9 Mn in 2015 and is projected to reach US$ 987.6 Mn by 2024, expanding at a CAGR of 7.1% between 2016 and 2024.

Hydraulic fluid connectors are metal connectors used to connecting hydraulic fluid line such as hydraulic hose, tube, and pipes to other hoses, hydraulic pumps, motors, cylinders, actuators, or valves. Hydraulic fluid connectors consists of fluid couplings, adaptors, tees, fittings, and other accessories. The use of these fluid connectors is imperative in the hydraulic fluid power industry, as without fluid connectors, no hydraulic fluid equipment can function. In the aerospace industry, the use of hydraulic systems is significant, they are used in flight control systems, turbine engine systems, landing gear mechanism, and access door mechanisms. Thus the demand for hydraulic fluid connectors is substantial in aviation and space applications.

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The robust growth in civil aviation industry in the U.S. is expected to create a demand for new aircrafts thus increasing the demand for hydraulic fluid connectors in the region. The crunching air fare prices are attracting large number of passengers to travel via air for domestic trips, this rise in passenger count is also expected to propel the hydraulic fluid connector market.   Furthermore, major aircraft manufacturers such as Boeing, Lockheed Martin, and Bell Aircraft Corporation are located in North America which have been creating significant demand for hydraulic fluid connectors for decades. However, the criticality of these connectors has led to adhering to severe quality standards and norms set by the aviation safety organizations. Hence, for the supply of hydraulic fluid connectors to the aviation and aerospace industry, manufacturers must be on the approved list of suppliers and follow strict regulations.

In terms of product, the hydraulic fluid connectors market is bifurcated into mobile hydraulic and stationary hydraulic. The mobile hydraulic segment consists of all the moving applications such as aircrafts & ground support vehicles & equipment. The value share of mobile hydraulic segment is highest owing to the larger application opportunities than in stationary hydraulic segment. The rising demand for new and bigger aircrafts along with subsequent increase in ground support vehicles are prime drivers for the rise and expansion of mobile hydraulic segment over the forecast period. The U.S. is the largest market for hydraulic fluid connectors in North America.

Major companies operating in the Hydraulic Fluid Connectors Market for Aerospace Application include Parker Hannifin Corporation, Eaton Corporation Plc, Kurt Hydraulics, Titeflex, and Faber Enterprises.

The Hydraulic fluid connectors market for aerospace application in North America has been divided into the following segments.

Hydraulic fluid connectors Market for Aerospace Application – Product Analysis

  • Mobile Hydraulic
  • Stationary Hydraulic

Hydraulic fluid connectors Market for Aerospace Application – Country Analysis

  • North America
    • U.S.
    • Canada

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