Aircraft fairings market is estimated to be US$ 2.23 billion by 2030 with a CAGR of 3.5% during the forecast period

Aircraft fairings market is projected to grow from US$ 1.59 billion in 2020 to US$ 2.23 billion by 2030. aircraft fairings market is driven by increase in air passenger traffic demand for new aircraft deliveries.

The report “Aircraft Fairings Market, By Platform (Commercial, Military, and General Aviation), By Material (Composite, Metallic, and Alloy), By Application (Flight Control Surface, Fuselage, Engine, Nose, Cockpit, Wings, and Landing Gear), By End User (Original Equipment Manufacturer (OEM) and Aftermarket), and Region - Forecast to 2030"

Key Highlights:

• In 2018, India’s diversified automobile conglomerate Mahindra and Mahindra Limited (M&M) has inked a Memorandum of Understanding (MoU) with ShinMaywa Industries Limited, Japan (Shinmaywa) for setting up Maintenance, repair and overhaul (MRO) services, manufacturing and assembling of structural parts & components for US-2 amphibian aircraft.

Key Market Insights from the report:          

The aircraft fairings market accounted for US$ 44.9 Million in 2020 and is projected to register a moderate CAGR of 3.7 % over the forecast period. The market report has been segmented on the basis of platform, material, application, end user and region.

• By platform, the aircraft fairings market is segmented into commercial, military, and general aviation.
• By material, aircraft fairings market is segmented into composite, metallic, and alloy.
• By application, the fuselage segment account major share in the aircraft fairings market as it is the main and central body of a fixed-wing aircraft and provides space for cargo, controls, accessories, passengers, and other equipment.
• By end user, aircraft fairings market is segmented into original equipment manufacturer (OEM) and aftermarket.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Aircraft Fairings Market”, By Platform (Commercial, Military, and Genaral Aviation), By Material (Composite, Metallic, and Alloy), By Application (Flight Control Surface, Fuselage, Engine, Nose, Cockpit, Wings, and Landing Gear), By End User (Original Equipment Manufacturer (OEM) and Aftermarket), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- forecast till 2030

The prominent player operating in the aircraft fairings market include ShinMaywa Industries, Ltd., Strata Manufacturing, Malibu Aerospace LLC., FACC AG, Daher Industries Inc., GHENOVA Ingeniería S.L., Airbus SE, Boeing, Avcorp, and Mitsubishi Heavy Industries, Ltd.

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