Aircraft Fairings Market Worth $2.13 Billion by 2023
According to a new market research report "Aircraft
Fairings Market by Application (Flight Control Surface, Fuselage,
Engine, Nose, Cockpit, Wings, and Landing Gear), Material (Composite,
Metallic, and Alloy), End User (OEM and Aftermarket), Platform, and
Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023.
Browse 72 market data Tables and 34 Figures spread through 127 Pages and in-depth TOC on "Aircraft Fairings Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/aircraft-fairing-market-41536816.html
Aircraft
fairings manufacturers are focusing on enhancing their market shares
through research & development activities to minimize weight, drag,
and fuel consumption of aircraft, and enable a greener environment.
Additionally, they are also working towards developing high strength and
durable materials that help towards the manufacture of safer aircraft.
To comply with airliners and operator's demands, major players in the
aircraft fairings market are developing fairings which help reduce
operating and maintenance costs in terms of airframe weight.
The
introduction of technology, such as plasma fairings technology for
landing gear noise reduction, advanced composite materials for aircraft
fairings, and resin transfer molding technology for aircraft fairings in
the aviation industry is expected to contribute to market growth during
the forecast period.
Based on platform, the commercial segment is projected to lead the aircraft fairings market during the forecast period
Based
on the platform, the commercial segment is expected to lead the
aircraft fairings market during the forecast period. Commercial aircraft
manufacturers should take into consideration various factors, such as
efficiency, comfort, safety, and reliability. In commercial aircraft,
metals, such as steel, aluminum, and titanium and its alloys, are
preferred for the manufacture of aircraft. For instance, in Airbus A380,
thermoplastic composites are used on the leading edges and in the
fuselage frame for structural clips and brackets.
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Based
on end user, the OEM segment of the aircraft fairings market is
projected to witness the highest growth during the forecast period
Based
on end user, the OEM segment of the aircraft fairings market is
projected to witness the highest growth during the forecast period. In
the aviation industry, aircraft are manufactured and delivered to
airlines with aircraft fairings technology already installed in the
aircraft. Original Equipment Manufacturers (OEMs) are responsible for
the installation of aircraft fairings components. This has become a
suitable alternative for airline companies, as post the delivery of
aircraft, aftermarket modification becomes cumbersome for aircraft
manufacturers.
The North America region is expected to lead the aircraft fairings market during the forecast period from 2018 to 2023
The North America region is expected to lead the aircraft fairings market during the forecast period. North America
is expected to be a prominent region for the aircraft fairings market.
Rising military upgrades, such as the purchase of unmanned aerial
vehicles and innovative military jets are expected to upsurge demand for
the aircraft fairings market in North America during the forecast period. North America is expected to remain the largest region due to the high demand for newer aircraft and replacement of aging fleets.
Major
companies profiled in the aircraft fairings market report are Malibu
Aerospace (US), Barnes Group (US), Boeing (US), and NORDAM (US), among
others.
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
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