Aircraft Enclosures Market Report
Aircraft Enclosures Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027 See less
Aircraft Enclosures Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
Aircraft Enclosures Market is segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, Military Aircraft, and Others), by Material Type (Aluminum Enclosures, Composite Enclosures, and Other Enclosures), by Application Type (Avionics, In-Flight Entertainment, Embedded Systems, and Others), by Process Type (Stamping, Injection Molding, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Spain, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [The Middle East, Latin America, and Others]).
Enclosures are the cases or cabinets used to protect critical electronic components in an aircraft. Some of the essential functions performed by aircraft enclosures include thermal load reduction, protection from aircraft fluids, environmental protection, and shielding against EMI and static electricity. Over the period, there has been a drastic transformation in the design, material, as well as size of enclosures used in the aircraft industry. The major players have been developing advanced lightweight enclosures in order to assist airframers in achieving their goal of developing fuel-efficient aircraft.
The aircraft industry had been under immense pressure in the wake of weak economic growth and the US-China trade war. Furthermore, the outbreak of the pandemic shook the industry to the core. As a result, the industry recorded a massive decline in the production of aircraft across regions. The impact of this has been recorded across its supply chain including the demand for aircraft enclosures, which plummeted by over 33% in the year 2020. In 2021, the market started showing signs of recovery with a gradual easing of lockdown and travel restrictions, and resumption of economic activities, as a result of which the market witnessed a healthy annual growth of 6.2% (YoY) 2021.
Organic growth of aircraft production to support the rising passenger and freight traffic, increasing demand for lightweight enclosures, growing use of avionics in the next-generation aircraft, and advancement in aircraft electronics are some of the key factors driving the demand for enclosures in the aircraft industry. The aircraft industry has always been looking for different ways to reduce carbon emissions and improve fuel economy. Among the many ways, one of the important steps is the increasing use of Integrated Modular Avionics (IMA) systems to eliminate discrete Line Replaceable Units (LRUs). This step reduces the weight by paring down the number of parts required for processor units. Overall, the aircraft enclosures market is estimated to grow at a healthy CAGR of 9.0%, during the forecast period, to reach a value of US$ 1.3 Billion in 2027.
Based on the aircraft type, the market is bifurcated into commercial aircraft, regional aircraft, military aircraft, and others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key aircraft programs, increasing preference for composite enclosures, high focus on passenger safety, and increasing use of avionics are some of the key factors, which are likely to aid the growth of the segment's demand for enclosures in the coming years.
Based on the material type, the market is segmented into aluminum enclosures, composite enclosures, and other enclosures. Aluminum enclosure is expected to lead the market during the forecast period, owing to its superior mechanical, thermal, and electrical properties. However, composite enclosure is set to grow at the highest rate over the same period. Composite enclosures bring several advantages to the table including lightweight, durability, and the ability to mold in complex shapes. Composite enclosures can be easily customized with shielding, circuit traces, embedded antennas, and other components.
Based on the application type, the market is segmented as avionics, in-flight entertainment, embedded computing, and others. Among these application types, avionics dominates the market and is likely to maintain its incontestable lead during the forecast period as well. Airlines are increasingly seeking to refurbish aging fleets, with a sharp focus on greater fuel economies, reducing CO2 emissions, newer navigation equipment, and flight management systems enabled for connectivity. Development in avionics subsystems such as enhanced vision system (EVS), automatic dependent surveillance-broadcast (ADS-B), attitude heading reference system (AHRS), and automated flight control, can be one of the factors driving the growth of the aircraft enclosures market.
Based on the process type, the market for enclosures for the aircraft industry is segmented as stamping, injection molding, and others. Stamping is estimated to remain the most dominant manufacturing process for the construction of metal enclosures during the forecast period. The process offers several advantages such as faster part cycle time and fewer defects, which leads to a lower overall production cost. Temperature monitoring during the stamping process provides additional advantages such as improved part quality and process consistency. Injection molding process is likely to grow at the highest CAGR over the next five years. Composite enclosures are predominantly manufactured with high-temperature moldable thermoplastic resins, such as PPS and PEEK, which are preferably processed with injection molding process.
In terms of regions, North America is expected to remain the largest region in the market for aircraft enclosures during the forecast period. In addition, the region is likely to witness healthy growth in the coming years. The USA is the growth engine of the North American aircraft enclosures market. The presence of major aircraft manufacturers and tier players primarily drives the demand for enclosures in the country. The country is not only the largest market in North America, but it is also the largest market in the world. Asia-Pacific is likely to depict the highest growth during the same period, driven by China, India, and Japan. All these three countries are likely to remain the growth engines of the region’s market for aircraft enclosures over the next five years.
With the increasing demand for aircraft enclosures, the market players expect to have profitable growth prospects in the future. The following are some of the key players in the aircraft enclosures market:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft enclosures market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
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 the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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:
The aircraft enclosures market is segmented into the following categories:
Aircraft Enclosures Market, by Aircraft Type
Aircraft Enclosures Market, by Material Type
Aircraft Enclosures Market, by Application Type
Aircraft Enclosures Market, by Process Type
Aircraft Enclosures Market, by Region
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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 to sales@Stratviewresearch.com.
Enclosures in an aircraft are the cases or cabinets used to protect critical electronic components. Reduction in thermal loads, protection against aircraft fluids, protection from environment, and shielding against EMI as well as static electricity are some of the essential functions performed by enclosures of an aircraft. Over the period, there has been a drastic transformation in the design, material, as well as the size of enclosures used in the aircraft industry. The major players have been developing advanced lightweight enclosures in order to assist airframers in achieving their goal of developing fuel-efficient aircraft.
The aircraft enclosures market is estimated to grow at a healthy CAGR of 9.0% over the next five years to reach a value of US$ 1.3 billion in 2027, owing to the organic growth of aircraft production to support the rising passenger and freight traffic, increasing demand for lightweight enclosures, growing use of avionics in the next-generation aircraft, and advancements in aircraft electronics.
Collins Aerospace, Honeywell Aerospace, Thales Group, Carlisle Interconnect Technologies, Curtiss-Wright Corporation, Garmin, GE Aviation, and TE Connectivity are some of the key players in the market.
North America is estimated to be dominant in the aircraft enclosures market in the coming years. The region is also likely to remain a consequential demand generator for aircraft enclosures in the next five years due to the presence of major aircraft OEMs and tier players.
Avionics is likely to maintain its dominance in the market over the next five years, driven by the increased focus of airlines on the upgradation of current avionics equipment with new and improved equipment.
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