Aircraft Fairings Market was worth US$ xx million in 2021 and is estimated to reach a valuation of US$ xx million by the end of 2026, expanding at an annual compound rate of xx% between 2021 and 2026.
Aircraft fairing is a device that reduces resistance and creates a smooth contour. This device covers the space between the parts of the aircraft, which reduces foam and interference dragging and improves appearance. It is also used to enhance the presence of the plane and cover the space between the parts. There are several types of fairings used for different parts of the aircraft, such as flap track, cockpit, etc.
Recent Developments and Trends:
In 2016, Solvay and Boeing announced an extension of their high-performance structural adhesive and composite contracts for 2021.
India has a total of 62 Airbus Defense and Space C295 Medium Transport Aircraft (IATs) for the Indian Air Force (IAF) and the Indian Coast Guard (ICG), which will be delivered in the coming years.
In June 2017, FACC AG signed a $ 110 million contract with Bombardier to produce a wing-to-body fairing for the new family of Bombardier Aerospace CSeries regional aircraft.
Strata Manufacturing partnered with Pilatus Aircraft Ltd. in May 2018 to manufacture Belly Fairings for PC-24 twin-engine commercial aircraft.
In January 2017, Strata Manufacturing partnered with Siemens to develop 3D printing technology for aircraft fairing parts, helping airlines improve their designs, including the manufacture of complex parts.
Aircraft Fairings Market Growth:
The main factor that is expected to be a catalyst for the growth of the aircraft fairing market is the increasing adoption of advanced composite materials in aircraft.
Aircraft Fairings Market Drivers:
Increasing usage of composite materials in aircraft is a crucial factor in the growth of the aircraft fairing market. The use of composite materials reduces weight, increases the fuel efficiency of the plane and also reduces maintenance and repair costs. The growing demand for low-fuel airplanes is another factor that supports the growth of the market. The rapid growth of the aviation industry and the increasing demand for commercial airplanes due to the increase in tourism are some of the other essential factors that drive the growth of the target market. In addition, the increasing adoption of unmanned Arial vehicles for military and commercial applications is another critical factor that is expected to boost the growth of the aircraft fairing market significantly. Moreover, the increasing use of 3D printing production of aircraft fairing parts can create high-income opportunities for players in the target markets.
Aircraft Fairings Market Restraints:
However, the composite materials used in the aviation sector are not recycled correctly. This factor may affect product adoption, limiting the growth of the aircraft fairing market.
By Application: the aircraft fairing industry has been classified into flight control surfaces, fuselage, wings, nose, cockpit, and landing gear. The fuselage segment is estimated to be the largest contributor to the aircraft fairing market in 2018. The fuselage is the primary and central body of fixed-wing aircraft, providing space for cargo, accessories, passengers and other equipment. In a single-engine plane, the fuselage houses the power plant, while in multi-engine aircraft, the engine can be connected to the fuselage or suspended from the wing structure.
According to the end-users: the aircraft fairing business has been classified as OEM and secondary market. The aftermarket sector is foreseen to lead the aircraft fairing market in 2018. During maintenance procedures, it is necessary to replace several components of the aircraft fairing, such as the fuselage, flight control surfaces, wheels, fins, and back edges. Several companies provide MRO services (maintenance, repair, and overhaul) as part of the after-sales support service.
By region, North America aircraft fairing market accounted for most of the business in 2019. North America is estimated to be a growing market due to the high demand for new aircraft and replacement of old aircraft. The Asia-Pacific aircraft fairing market, on the other hand, is estimated to be the fastest-growing region in the next five years. The market continues to grow as the modernization agenda of the Asia Pacific aviation industry increases, contributing to the high acceptance of advanced aircraft fairings. These factors are likely to further increase the demand for aircraft fairing in the APAC region. China and India are the engines of growth in this area. Europe aircraft fairing market is also predicted to offer significant growth opportunities during the forecast period.
Top Leading Company:
ShinMaywa is a Japanese industrial parent company of Kawanishi Aircraft Company. ShinMaywa Industries, Ltd. specializes in special aircraft trucks, water treatment equipment, cable management systems, environmental systems, thin-film and surface modification, thin-film coating systems, built-in direct-drive motors, bridges of boarding passengers of aircraft, and others.
Key players in the aircraft fairing market include Avcorp, Airbus SE, AAR Corporation, Composites Technology Research Malaysia, The Boeing Company, Fiber Dynamics Inc., Arnprior Aerospace Inc., Barnes Group, Daher, CTRM Aero Composites and FACC AG
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 Fairings Market, By End-User
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Aircraft Fairings Market, By Application
6.2.1 Flight Control Surfaces
6.2.7 Landing Gear
6.2.8 Market Size Estimations & Forecasts (2021-2026)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021- 2026)
7.2.1 By Country
7.2.2 By End-User
7.2.3 By Application
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By End-User
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By End-User
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By End-User
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By End-User
7.6.3 By Application
8. Key Player Analysis
8.1 Airbus SE
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 The Boeing Company
8.3 FACC AG
8.5 AAR Corporation
8.6 Composies Technology Research Malaysia
8.7 Fiber Dynamics Inc.
8.8 Arnprior Aerospace Inc.
8.9 Barnes Group
8.10 CTRM Aero Composites
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures