Report Id: SNS/A&D/2284 | July 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Aircraft Fairings Market Size was valued at USD 2.15 billion in 2022, expected to reach USD 3.80 billion by 2030, and grow at a CAGR of 7.41% over the forecast period 2023-2030.
The Aircraft Fairings are critical components of the aircraft's body for proper finishing and operation. The Aircraft Fairings are critical for reducing dragging and thus boosting fuel efficiency and overall aircraft operation. In recent years, increased demand in the commercial and military sectors has fueled the overall growth of the aircraft fairings industry.
Because of the introduction of new-generation aircraft, aviation OEMs and manufacturers are raising their production rates. Furthermore, the requirement for lightweight Aircraft Fairings has compelled manufacturers to employ a variety of composite materials. These are the primary drivers of growth in the Aircraft Fairings industry.
The use of advanced composite materials in aircraft fairings is becoming more common.
UAVs are becoming more popular in commercial and military applications.
The lack of recycling alternatives for composites used in the manufacture of Aircraft Fairings
3D Printing Adoption in Aircraft Fairing Manufacturing
Cost Reduction for Composite Materials
The Recyclability of Composite Materials
Complex Aircraft Fairing Design Causes Maintenance Difficulties
THE IMPACT OF COVID-19
The decreasing economic condition caused by the pandemic has had a substantial impact on the growth of the Aircraft Fairings market. The government's severe regulations and travel limitations around the world have had a substantial impact on the market value of aircraft fairings. However, some aviation organizations have engaged in the acquisition of this equipment in order to improve fuel efficiency and operational efficiency. As a result, the expansion of the Aircraft Fairings business has been balanced during the epidemic.
This market is divided into four segments based on platform: commercial, military, regional, and general aviation. The commercial segment dominated the Market. However, the business sector has advanced and developed significantly. Because of the increased acquisition of new generation aircraft, the commercial segment is likely to dominate the market over the forecast period. Modern aeroplanes are lightweight, with passenger comfort as a key emphasis.
Military aircraft are expected to expand at the fastest CAGR in the near future. The segment's significant expansion can be due to increased purchase of multi-role, combat, and transport aircraft. Furthermore, increasing military budgets in both developed and emerging economies are important drivers of category growth during the predicted period. The market is divided into fuselage, engine, control surfaces, radars and antenna, and landing gear.
The fuselage segment had the biggest market share in 2020 and is predicted to maintain that position with the highest CAGR over the forecast period. This expansion can be ascribed to developments in structural elements and components that are lighter and more efficient.
Because of the use of lighter and more robust landing gear, the landing gear market is one of the developing segments. The participants in the manufacturing industry are producing stronger and lighter landing gear without compromising its functions, operations, performance, safety, and maintenance requirements. As a result, higher growth rates are predicted during the forecast period.
The market is divided into three materials: metallic, composite, and alloys.
The composite segment has the largest market share. One of the primary reasons driving segment expansion during the projection period is the increasing demand for lightweight and fuel-efficient aero structures, power plants, and other global systems. Furthermore, the major players in this industry get a sizable portion of their revenue from the sale of composite parts and components.
The Metallic category is expected to expand slowly. This decrease is attributable to a fall in demand for metal aero structures due to their high operating and maintenance costs.
ShinMaywa , Strata Manufacturing, Malibu Aerospace, FACC AG, Daher, NORDAM, Airbus, Boeing, Avcorp, and Barnes Group, and other players.
KEY MARKET SEGMENTS:
by End User:
Flight Control Surface
Global defence spending has been rising in recent years. North America and Western Europe, for example, have boosted defence spending, and the purchase of new military aircraft is projected to boost demand for aircraft fairings. However, a decline in defence spending in nations such as Saudi Arabia, Russia, and several Latin American countries as a result of lower oil prices would result in a weakened aircraft fairing market.
Regional trends like as demographic change, rising e-commerce, travel and tourism activities, population density, and urbanization all have an impact on the worldwide aeroplane fairing industry. Commercial aeroplane demand is high, notably in the constantly expanding Asia Pacific area.
This long-term demand projection, combined with favourable market circumstances in many areas and a robust backlog, presents a positive prognosis for the aeroplane fairing market. Aside from North America, Europe will continue to be the primary hubs for the global aeroplane fairing market in the near future. Because both regions are home to some of the world's top aircraft manufacturers, demand for aircraft fairing remains high.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 2.15 Billion|
|Market Size by 2030||US$ 3.80 Billion|
|CAGR||CAGR of 7.41% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Platform(Commercial, Military, General aviation)
• By Material (Composite, Metallic, and Alloy)
• By End User (OEM and Aftermarket)
• By Application (Flight Control Surface, Fuselage, Engine, Nose, Cockpit, Wings, and Landing Gear)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||ShinMaywa , Strata Manufacturing, Malibu Aerospace, FACC AG, Daher, NORDAM, Airbus, Boeing, Avcorp, and Barnes Group, and other players.|
|DRIVERS||• The use of advanced composite materials in aircraft fairings is becoming more common.
• UAVs are becoming more popular in commercial and military applications.
|RESTRAINTS||• The lack of recycling alternatives for composites used in the manufacture of Aircraft Fairings|
Frequently Asked Questions (FAQ) :
3D Printing Adoption in Aircraft Fairing Manufacturing and Complex Aircraft Fairing Design Causes Maintenance Difficulties.
Yes, this report cover top down, bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major region cover.
The sample for the Aircraft Fairings Market is available on the website upon request. To obtain the sample report, you can also use the 24*7 chat support and direct call services.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Aircraft Fairings Market, by Platform
8.3 General aviation
9.Aircraft Fairings Market, by Material
10.Aircraft Fairings Market, by End User
11.Aircraft Fairings Market, by Application
11.1 Flight Control Surface
11.7 Landing Gear
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Strata Manufacturing
13.6 Barnes Group
13.9 Malibu Aerospace
13.10 FACC AG
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
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