Aerospace Fairings Market Analysis | 2019-2024

Market Insights

The global aerospace fairings market is expected to reach an estimated value of US$ 1,523.1 million by 2024.

The factors catapulting the growth of aircraft fairings are listed below.

• Expected rebound in production rates of the key commercial aircraft programs in the 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.

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Segment Analysis

Aircraft Insights

"The wide- and narrow-body aircraft segment accounted for the largest market share."

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.

Application Insights

"The wing-to-body fairing segment accounted for the largest market share."

Based on the application type, the market is segmented as 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.

Material Insights

"The composite segment accounted for the largest market share."

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 higher growth during the forecast period, driven by the advantages of a high strength-to-weight ratio, excellent corrosion resistance, high fatigue resistance, and lightweight.

Regional Trends

"North America accounted for the largest market share."

Based on the regions, North America is expected to remain the largest market for 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.

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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.

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The aerospace 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)

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

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Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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