Global Aircraft Fairings Market By Overview
Aircraft Fairings Market accounted for US$ 1.59 billion in 2020 and is estimated to be US$ 2.23 billion by 2030 and is anticipated to register a CAGR of 3.5%.
Aircraft fairing is a structure whose primary role is to develop a smooth outline and reduce drag. These structures are covers for gaps and spaces between parts of an aircraft to reduce form drag and interference drag, and to improve appearance. The main purpose of fairings is to improve the aerodynamics, improves fuel consumption and allows higher speeds. On aircrafts these fairings are commonly found on belly fairing, cockpit fairing, elevator and horizontal and horizontal stabilizer tips, fillets, flap track fairings etc. Presence of fairings in different parts as different role. In Flap track, fairings it encloses the flap operating mechanism when the flap is up.
Global Aircraft Fairings Market By Drivers & Restraints
Rising initiatives of new aircraft deliveries
Increase in air passenger traffic demand for new aircraft deliveries is a major factor drives the growth of the aircraft fairings market. Growing use of composite material in aircrafts also drives growth of the aircraft fairings market. As the composite materials are used to reduce weight, improve fuel efficiency of the aircraft, and also reduces the maintenance and repairing costs as well. aircraft fairings market is majorly influenced by the increase number of people travelling across the world owing to high disposable income. As the airliners needs to increase the fleet size of aircraft, which in turn propel the growth of the aircraft fairings market. Rapidly growing aviation sector, attributed with increasing demand for commercial aircrafts due to rising tourism are some of the other major factors that augment growth of the aircraft fairings market. Furthermore, growing adoption of unmanned arial vehicles in military and commercial applications is also expected to boost growth of the aircraft fairings market in a significant manner.
However, composite materials that are used in aviation sector have complex structure and are not properly recycled, which may affect adoption of the product that hampers growth of the aircraft fairings market. Nevertheless, rising use of 3D printing production of aircraft fairing parts can create high revenue opportunities for players operating in the aircraft fairings market.
Global Aircraft Fairings Market By Segmentations & Regional Insights
The aircraft fairings market is segmented based on platform, material, end user, and region.
On the basis of platform, the aircraft fairings market is segmented into commercial, military, and general aviation. Based on material, the target market is segmented into composite, metallic, and alloy. On the basis of end user, the target market is segmented into original equipment manufacturer (OEM) and aftermarket.
Regional Insights:
The aircraft fairings market accounted for US$ 1.59 billion in 2020 and is estimated to be US$ 2.23 billion by 2030 and is anticipated to register a CAGR of 3.5%. On region the Aircraft fairings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to account for major share in terms of revenue, and is expected to dominate the aircraft fairings market over the forecast period. Large number of prominent aircraft manufacturing companies present in the countries in this region, attributed with increasing demand for new aircrafts are factors that fuel the growth of the aircraft fairings market in North America region. Asia Pacific region is expected to be the fastest-growing region in aircraft fairings market over the forecast period. This is attributed to the increase in modernization programs in the Asia Pacific aviation industry, which is leading to the high adoption of advanced aircraft fairings. These factors are anticipated to witness the demand for aircraft fairings in the Asia Pacific region.
Aircraft Fairings Market Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Platform- Commercial, Military, and General Aviation By Material– Composite, Metallic and Alloy By End User– Original Equipment Manufacturer (OEM) and Aftermarket |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the aircraft fairings market report based on platform, material, end user and region.
Aircraft Fairings Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Aircraft Fairings Market By Competitive Landscape & Key Players
The key players operating in the aircraft fairings market includes 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.
Global Aircraft Fairings Market By Company Profile
- ShinMaywa Industries, Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Strata Manufacturing
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Malibu Aerospace LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- FACC AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Daher Industries Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GHENOVA Ingeniería S.L.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Airbus SE.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Boeing
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Avcorp industries, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mitsubishi Heavy Industries, Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Aircraft Fairings Market By Highlights
FAQs
The Aircraft Fairings Market is segmented into platform, material, application, end user and region.
Aircraft fairings market is driven by increase in air passenger traffic demand for new aircraft deliveries.
By region, The North America region is estimated to account for largest share of the aircraft fairings market in 2018. North America is expected to be a leading aircraft fairings market, due to the high demand for newer aircraft and replacement of aging fleets.
The Key players 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.