Aircraft Fairings Market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large-Body Aircraft, Regional Aircraft, and General Aviation), by Application Type (Wing-to-Body Fairing, Flap Support Fairings, Engine Cowls, Vertical Fin Fairings, and Others), by Material Type (Composite Fairings and Metal Fairings), by Manufacturing Process Type (Prepreg Layup, Stamping, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Aircraft Fairings Market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large-Body Aircraft, Regional Aircraft, and General Aviation), by Application Type (Wing-to-Body Fairing, Flap Support Fairings, Engine Cowls, Vertical Fin Fairings, and Others), by Material Type...
The global aircraft fairings market is expected to reach an estimated value of US$ 1,523.1 million in 2024. The factors catapulting the growth of aircraft fairings are listed below.
Expected rebound in production rates of the key commercial aircraft programs in medium to long run.
Introduction of variants of the best-selling aircraft programs
Market entry of players, increasing demand for lightweight fairings
Rising global aircraft fleet size
There are many areas in an aircraft where fairings are used, such as wing-to-body fairing, flap track fairings, engine cowls, fillet fairing, vertical fin fairings, wheel well fairing, and strut-to-wing fairing. The primary function of an aircraft fairing is to reduce the form and interference drag and smoothen the aircraft surface.
Wish to get a free sample?
Segments' Analysis
By Aircraft Type
The global aircraft fairings market is segmented based on the 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.
By Application Type
Based on the application type, the 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 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.
The engine cowls segment is likely to witness the highest growth over the next five years, propelled by the development of high-thrust engines with a high focus on improving fuel efficiency. Engine cowls are one of the major components of the aircraft engine and nacelle system. They reduce parasitic drag by reducing the surface area and provide a smooth surface, thus, leading to laminar flow.
By Material Type
Based on the material type, the 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 higher growth during the forecast period, driven by advantages of high strength-to-weight ratio, excellent corrosion resistance, high fatigue resistance, and lightweight.
By Region
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 and 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.
Segmentation
The aircraft fairings market is segmented into the following categories.
By Aircraft Type:
Narrow-Body Aircraft
Wide-Body Aircraft
Very Large Aircraft
Regional Aircraft
General Aviation
By Application Type:
Wing-to-Body Fairing
Flap Support Fairings
Engine Cowls
Vertical Fin Fairings
Other Fairings
By Material Type:
Composite Fairings
Metal Fairings
By Manufacturing Process:
Prepreg Layup Process
Stamping Process
Other Processes
By Region:
North America (Country Analysis: The USA, and Rest of North America)
Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Latin America, The Middle East, and Others)
Key Players
The supply chain of this market comprises raw materials suppliers, fairing manufacturers, distributors, aircraft OEMs, airline companies, aircraft leasing companies, and MRO companies.
The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and key airline companies are Lufthansa, Delta Air, Air China, and Singapore Airlines.
The key fairing manufacturers are
FACC AG
UTC Aerospace Systems
Composite Technology Research Malaysia Sdn Bhd (CTRM)
Alenia Aermacchi S.p.A. (a part of Leonardo S.p.A.)
Spirit AeroSystems GmbH
Korean Air Aerospace Division
Triumph Group, Inc.
Boeing Canada Winnipeg
ShinMaywa Industries Ltd.
Advancements 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.
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. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.
Report Features
This report, from Stratview Research, studies the global fairings market in the aerospace industry over the trend period from 2013 to 2018 and the forecast period from 2019 to 2024. 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.
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)
Regional Segmentation
Current market segmentation of any one of the regions by aircraft 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 the 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 sales@stratviewresearch.com.
LOADING
LOADING
×
Please Enter Your Contact Details it will help our analyst to reach out to You!
FACC AG, UTC Aerospace Systems, Composite Technology Research Malaysia Sdn Bhd (CTRM, Alenia Aermacchi S.p.A. (a part of Leonardo S.p.A.), Spirit AeroSystems GmbH, Korean Air Aerospace Division, Triumph Group, Inc., Boeing Canada Winnipeg, ShinMaywa Industries Ltd are among the key players in the aircraft fairings market.