Aircraft Doors Market Overview Analysis:
Aircraft Doors Market was worth US$ xx million in 2019, and it is estimated to reach a valuation of US$ xx million by the end of 2025, expanding at an annual compound rate of around 7.2% between 2020 and 2025.
Aircraft doors include galley service doors, flight chamber escape hatches, avionics doors, equipment doors, cargo doors, two outstanding emergency exits, and passenger doors. The airplane door takes advantage of the pressure difference on both sides and seals the seal itself. It also prevents the door from opening before the pressure is released.
Recent Developments and Trends
The growth of aircraft production due to the increase in air traffic passengers will promote the growth of the aircraft door market during the estimated period.
The increase in the demand for new airplanes and the rise in commercial aviation are vital factors for the growth of the global market for aircraft doors. The growth of the international tourism industry and the growing preference for air travel through convenient, safe and time-efficient travel are the driving forces behind the growth of the target market. Also, global aircraft door market growth is expected to accelerate during the forecast period, especially as the military budget increases in developing countries and the adoption of technologically advanced aircraft carriers for defense applications.
As the acquisition of new aircraft in all commercial, military and general aviation sectors have increased, the demand for aircraft parts and components, such as doors, has increased. This is one of the main factors that drive the global aircraft doors market. Compared to the existing entries of the aircraft, the new doors of the aircraft are designed to provide superior strength while reducing the weight of the plane. Manufacturers are investigating lightweight products with new technologies to maintain the strength/weight ratio of the door components.
But delays in aircraft delivery are factors that can hinder the growth of the global aircraft door market. However, the introduction of light doors can create high-income opportunities for players in the target market.
According to end-users, the global aircraft door market has been classified as original equipment manufacturers (OEM) and aftermarket. The OEM segment holds the largest revenue share in the worldwide industry as it is the responsibility of the OEM to install the door on the aircraft.
Depending on the application, the global aircraft door market has been classified into commercial aviation and military aviation. The commercial aviation sector is expected to lead the aircraft door market over the foreseen period. The commercial aircraft customer base is growing in all regions of the world. Airlines in the Middle East and the Asia Pacific are attracting attention in the global aviation sector. As passenger air traffic increased, aircraft carriers increased the size of the aircraft fleet, which contributed to the increase in new aircraft orders. In 2018, commercial airplanes gained more than 45% market share of aircraft doors with an increase in carrier fleets. The monetization of commercial airlines is helping to grow the industry.
Based on the Type, the global aircraft door market has been divided into passenger doors, cargo doors, emergency doors, service/access doors, landing gear doors, etc. The increase in demand from the commercial aircraft is expected to lead the growth of passenger door segments. Passenger doors are likely to occupy more than one-third of the global aircraft doors market size by 2025, as they offer entrance to the cabin compartment.
The North American aircraft doors market currently represents the majority of revenues and is expected to remain leading during the forecast period. The presence of prominent players is a crucial factor in the growth of the target market in the region. In addition, the restoration and exchange of obsolete aircraft is another factor that drives the growth of the North American aircraft door market.
Europe aircraft doors market is presumed to have the second-highest proportion of income in the near future, followed by Asia Pacific, Latin America and the Middle East and Africa. The Asia Pacific aircraft doors market is predicted to record high revenue growth during the forecast period. The growth of the commercial aviation sector and the growing demand for airplanes for industrial applications are factors that are driving the growth of the target market for the region. Besides, increasing aircraft production in countries such as India and China, is another factor that supplements the growth of the aircraft door market in the Asia-Pacific region.
Top Leading Company
Acquisitions and joint ventures between Barnes Group and Delastek Inc are expected to increase market competitiveness because door manufacturers will limit buyers.
Key players in the aircraft door market include Mitsubishi Heavy Industries, Ltd., Barnes Group, Airbus Helicopters SAS, Daher, Elbit Systems Ltd., Delastek Inc., Esterline Technologies Corporation, Groupe Latécoère, Honeycomb Company of America and Victory Group.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Doors Market, By Type
6.1.5 Landing Gear
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Aircraft Doors Market, By End-User
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Aircraft Doors Market, By Application
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By End-User
7.2.4 By Application
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By End-User
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By End-User
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By End-User
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By End-User
7.6.4 By Application
8. Key Player Analysis
8.1 Mitsubishi Heavy Industries, Ltd.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Barnes Group
8.3 Airbus Helicopters SAS
8.4 Elbit Systems Ltd.
8.5 Esterline Technologies Corporation
8.6 Delastek Inc.
8.8 Groupe Latécoère
8.9 Honeycomb Company of America
8.10 Victory Group
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures