Aircraft Fairings Market is likely to witness an impressive CAGR of 9.2% during the forecast period. The prime factor that is expected to serve as a catalyst towards the growth of the global aircraft fairings market is the increasing adoption of advanced composite materials in aircraft fairings.
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Aircraft Fairings Market - Snapshot
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Growth
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9.2% for the next five years
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Major End-User Type
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Aftermarket
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Dominant Application Type
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Fuselage
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Region with the highest demand
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Asia-Pacific
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Key Players
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Airbus SE, Avcorp, AAR Corporation, Arnprior Aerospace Inc., The Boeing Company, Barnes Group, CTRM Aero Composites, Daher, Fiber Dynamics, Inc., and FACC AG.
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Aircraft Fairings Market Share: By End-User Type
Based on the end-user type, the market is segmented as original equipment manufacturer (OEM) and aftermarket. The aftermarket segment led the market in 2019, and it is estimated to maintain its dominance during the forecast period. Different components of aircraft fairings, such as flight control surface, fuselage, nacelles, wheels, flaps, trailing edge are needed to be replaced during the maintenance measures. Maintenance, Repair, and Overhaul (MRO) services are provided by various companies as a part of the aftermarket support services.
Aircraft Fairings Market Share: By Application Type
Based on the application type, the market is segmented as flight control surface, fuselage, nose, engine, landing gear, wings, and cockpit. The fuselage segment accounted for the largest share of the market in 2019, and is expected to maintain its dominance during the forecast period. The fuselage is the core and central body of a fixed-wing aircraft. It delivers space for cargo, controls, accessories, passengers, and other equipment. It comprises bulkheads, frames, floor beams, and stringers. In single-engine aircraft, the fuselage holds the power plant, while, in multi-engine aircraft, the engines may either be fixed to the fuselage, or overhung from the wing structure.
Aircraft Fairings Market Share: By Region
In terms of regions, the North American region accounted for the largest share of the aircraft fairings market in 2019. North America is estimated to be an emerging aircraft fairings market, driven by the high demand for newer aircraft and replacement of aging fleets. Whereas, the Asia-Pacific region is estimated to be the fastest-growing region in the aircraft fairings market in the coming five years. The market is sustained by the rise in the modernization agendas in the Asia-Pacific’s aviation industry, which is contributing to the high acceptance of advanced aircraft fairings. These significant factors are expected to further boost the demand for aircraft fairings in the APAC region. China and India are the growth engines of the region. Europe is also expected to offer substantial growth opportunities during the forecast period.
Some of the major players in the aircraft fairings market are Airbus SE, Avcorp, AAR Corporation, Arnprior Aerospace Inc., The Boeing Company, Barnes Group, CTRM Aero Composites, Daher, Fiber Dynamics, Inc., and FACC AG.
Market Scope & Segmentation
Aircraft Fairings are structures that help to produce a smooth outline and in reducing drag. These covers are beneficial not only in reducing drag but also in enhancing the appearance of the aircraft.
Aircraft Fairings can be manufactured of a metallic material or composite material. The flight control surface, nose, landing gear, cockpit, fuselage, engine, and wings are some of the application areas where aircraft fairings are being used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Aircraft Fairings Market Research Report - Features
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Market Segmentation
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5
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The aircraft fairings market is segmented into the following categories.
Aircraft Fairings Market Size, Share, & Forecast, by End-User Type:
- Original Equipment Manufacturer (OEM) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market Size, Share, & Forecast, by Material Type:
- Composite Material
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Material Type Analysis: Glass Fiber, Quartz, and Others)
- Metallic Material
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Material Type Analysis: Aluminum, Titanium, and Others)
- Alloy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market Size, Share, & Forecast, by Application Type:
- Flight Control Surface (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fuselage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Nose (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Cockpit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market Size, Share, & Forecast, by Platform Type:
- Commercial
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Platform Type Analysis: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, and Business Jet)
- Military
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Platform Type Analysis: Fighter Aircraft and Military Transport)
- General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the material types by end-user type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
