Aerospace Industry Today
The Market of Aircraft Fairings to grow beyond US$ 1.4 billion by 2023
The new report of Stratview Research analyses the Aircraft Fairings market over the trend period from 2012 to 2017 and forecast period from 2018 to 2023. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Published 08 July 2019
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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An overview: The need for greater fuel efficiency
The aircraft fairings market offers attractive growth opportunities in the entire ecosystem of the market. The market for aircraft fairings is expected to reach an estimated value of US$ 1,430.6 million in 2023. Increasing production rates of key commercial aircraft programs, the introduction of variants of the best-selling aircraft programs, market entry of players, increasing demand for lightweight fairings, and rising global aircraft fleet size are the major drivers of the global aircraft fairings market.
Wide – and Narrow - body aircraft: The growth engine
The aircraft fairings market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, and general aviation. Wide- and narrow-body aircraft are likely to remain the growth engines of the aircraft fairings market, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variant of existing programs, and rising commercial aircraft fleet size. Boeing anticipated that approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037 in which narrow- and wide-body aircraft would remain dominant during the period.
Dominance of: Wing-to-body fairing and Composite
Based on the application type, the global aircraft fairings market is segmented as the wing-to-body fairing, flap support fairings, engine cowls, vertical fin fairings, and others. Wing-to-body fairing dominates the global aircraft fairings market and is projected to remain dominant over the next five years. Wing-to-body fairing not only joints wings to the fuselage but also provides a housing for the landing gear, fuel, and various inlets and exhausts.
Based on the material type, the global aircraft fairings market is segmented as composites and metals. Composite is expected to remain the most dominant material type in the global aircraft fairings market during the forecast period. This material type is also projected to witness the highest growth during the forecast period, driven by advantages of high strength-to-weight ratio, excellent corrosion resistance, high fatigue resistance, and lightweight.
A highly/moderately/fragment consolidated Market
The key fairing manufacturers are FACC AG, UTC Aerospace Systems, CTRM Aerocomposites Sdn Bhd, Alenia Aermacchi S.p.A. Korean Air Aerospace Division, Triumph Group, Inc., Boeing Canada Winnipeg, and ShinMaywa Industries Ltd. Advancement in technology and the formation of long-term contracts are some of the key strategies adopted by the key players to gain a competitive edge in the market.
Regional Hegemony of North America
Based on the regions, North America is expected to remain the largest market for the aircraft fairings during the forecast period as the region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized OEMs, tier players, fairing manufacturers, nacelle component manufacturers, distributors, and raw material suppliers. Asia-Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft and the world’s largest commercial aircraft fleet size.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Get a free sample of the report
An overview: The need for greater fuel efficiency
The aircraft fairings market offers attractive growth opportunities in the entire ecosystem of the market. The market for aircraft fairings is expected to reach an estimated value of US$ 1,430.6 million in 2023. Increasing production rates of key commercial aircraft programs, the introduction of variants of the best-selling aircraft programs, market entry of players, increasing demand for lightweight fairings, and rising global aircraft fleet size are the major drivers of the global aircraft fairings market.
Wide – and Narrow - body aircraft: The growth engine
The aircraft fairings market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, and general aviation. Wide- and narrow-body aircraft are likely to remain the growth engines of the aircraft fairings market, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variant of existing programs, and rising commercial aircraft fleet size. Boeing anticipated that approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037 in which narrow- and wide-body aircraft would remain dominant during the period.
Dominance of: Wing-to-body fairing and Composite
Based on the application type, the global aircraft fairings market is segmented as the wing-to-body fairing, flap support fairings, engine cowls, vertical fin fairings, and others. Wing-to-body fairing dominates the global aircraft fairings market and is projected to remain dominant over the next five years. Wing-to-body fairing not only joints wings to the fuselage but also provides a housing for the landing gear, fuel, and various inlets and exhausts.
Based on the material type, the global aircraft fairings market is segmented as composites and metals. Composite is expected to remain the most dominant material type in the global aircraft fairings market during the forecast period. This material type is also projected to witness the highest growth during the forecast period, driven by advantages of high strength-to-weight ratio, excellent corrosion resistance, high fatigue resistance, and lightweight.
A highly/moderately/fragment consolidated Market
The key fairing manufacturers are FACC AG, UTC Aerospace Systems, CTRM Aerocomposites Sdn Bhd, Alenia Aermacchi S.p.A. Korean Air Aerospace Division, Triumph Group, Inc., Boeing Canada Winnipeg, and ShinMaywa Industries Ltd. Advancement in technology and the formation of long-term contracts are some of the key strategies adopted by the key players to gain a competitive edge in the market.
Regional Hegemony of North America
Based on the regions, North America is expected to remain the largest market for the aircraft fairings during the forecast period as the region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized OEMs, tier players, fairing manufacturers, nacelle component manufacturers, distributors, and raw material suppliers. Asia-Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft and the world’s largest commercial aircraft fleet size.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry
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