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    Aircraft Films Market Size, Share & Forecast (2019-2024) | Covid-19 Impact Analysis

    Aircraft Films Market Size, Share & Forecast (2019-2024) | Covid-19 Impact Analysis

    Aircraft Films Market Size, Share & Forecast (2019-2024) | Covid-19 Impact Analysis
    Report code - SRAD205 Published On : Jun,2019 No. of Pages: 277
    Aircraft Films Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024
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    Impact of COVID-19 on Aircraft Films Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Films Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

     

    Aircraft Films Market Insights

    The global aircraft films market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 1.3 billion in 2024. The tremendous growth in the aircraft films market is primarily attributed to the substantial increase in penetration of composites in structural applications of aircraft. Aircraft manufacturers are increasingly incorporating advanced composites in the crucial sections of their latest aircraft in order to address the airlines’ requirement of more fuel-efficient aircraft.

    Aircraft Films Market

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    Organic growth of the aircraft industry propelled by increasing air passenger and freight traffic, increasing production rate of the best-selling aircraft, such as A320, increasing investments by OEMs for the development of lightweight and smart cabin interior solution, and rising aircraft fleet size are other noticeable factors, contributing to an increased demand for films in the aircraft industry.

    Boeing anticipated that there would be total deliveries of 42,730 commercial and regional aircraft worth US$ 6.3 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 62.5% of the total aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will chiefly drive the demand for the aircraft. These factors are likely to drive the use of films for aircraft interiors as well as exteriors in the foreseeable future.

    In recent years, the market has witnessed gradual consolidation as major players are acquiring small players to enhance their product portfolio and expand their geographical reach. Some of the foremost mergers & acquisitions that took place in the market include the acquisition of Cytec Industries Inc. by Solvay SA and Toray’s acquisition of TenCate Advanced Composites (TCAC) division from Koninklijke TenCate BV.

     

    Aircraft Films Market Share Analysis

    Aircraft Films Market Share by Aircraft Type

    The market is segmented based on the aircraft type into commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopter. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); market entry of new aircraft (C919 and MC-21); increasing demand for high-quality and lightweight parts in the aerospace industry; and rising aircraft fleet size; are the major factors driving the growth of films in the commercial aircraft segment.

    Aircraft Films Market Share by Films Type

    Based on the film type, the market is segmented into decorative films, surfacing films, insulation films, adhesive films, and others. Decorative films are expected to remain the largest segment of the aircraft films market over the next five years. Decorative films are mainly applied to the different interior components of an aircraft, such as interior panels, door linings, lavatories,  cargo linings, galleys, closets, overhead stowage bins, bulkhead partitions, trolleys, and other personal service units (PSUs). These decorative films are visible to the passengers and are applied to those parts which are in direct contact with them. The decorative films are generally suitable for any surface of the aircraft cabins, which is not upholstered or carpeted.

    Aircraft Films Market Share by Application Type

    Based on the application type, the market is segmented into interiors, fuselage, flight control surfaces, wings, and others. The interiors segment is expected to dominate the market during the forecast period, owing to the widespread usage of decorative, protective, and adhesive films in aircraft interiors to deliver passenger safety, provide aesthetically pleasing interiors, protect against scratch and moisture, and hold interior panels intact. Other applications segment majorly includes radomes, engine bulkheads, engine bays, exhaust runs, and fuel system components.

    Regional Insights

    In terms of region, North America is expected to remain the largest market for aircraft films during the forecast period. The USA is the growth engine of the region’s market with the presence of all the major aircraft OEMs, tier players, material suppliers, and aircraft film suppliers. In the region, all the major aircraft film suppliers have high proximity to major tier players and OEMs in order to become the partner for their upcoming programs as well as to cater the demand generated from OEMs as well as airlines.

    Aircraft Films Market Share

    Boeing, in its outlook, estimates that there would be total deliveries of 8,800 commercial and regional aircraft in North America during 2018-2037, out of which, commercial aircraft would be 7,210 units and the remaining 1,590 would be of regional aircraft. Further, North America owns one of the largest commercial aircraft fleets in the world and is likely to expand at a healthy rate in the coming years. The commercial and regional aircraft fleet is estimated to reach an unprecedented landmark of 10,390 units in North America in 2037, from 7,210 aircraft in 2017, growing at a CAGR of 1.8% during 2017-2037. All these factors indicate healthy demand for aircraft films in the region during the forecast period

    Asia-Pacific is anticipated to witness the highest growth during the forecast period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.

    Key Players

    The supply chain of this market comprises raw material suppliers, aircraft film manufacturers, distributors, tier players, aircraft OEMs, airlines, MRO companies, and aircraft leasing companies. The key aircraft film manufacturers are The 3M Company, Axiom Materials, Inc., The Boeing Company, Compagnie de Saint-Gobain S.A., DUNMORE Corporation, E. I. du Pont de Nemours and Company, Gurit Holding AG, Henkel AG & Co. KGaA, Hexcel Corporation, ISOVOLTA AG, Park Electrochemical Corporation, Schneller LLC, Solvay S.A., and Toray TCAC Holding B.V. Development of high-performance aircraft films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles 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 are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 1.3 billion

    Forecast

    5.6% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aircraft Films Market Size, Share & Forecast by Aircraft Type:

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Films Market Size, Share & Forecast by Film Type:

    • Decorative Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surfacing Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Insulation Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Adhesive Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Films Market Size, Share & Forecast by Application Type:

    • Interiors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fuselage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flight Control Surfaces (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Films Market Size, Share & Forecast by Material Type:

    • Epoxy Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PVF Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PEEK Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyimide Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Films 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)

     

    Report Features

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft films market realities and future possibilities for the forecast period of 2019 to 2024. After publishing exclusive studies on niche subjects of aircraft decorative laminates, aircraft flame-retardant films and composite surfacing films, we have further expanded our research scope to the overall aircraft films market in order to provide the panoramic picture of the market in terms of usage and function of different films in the different applications. The report segments and analyzes the market in the most comprehensive manner to provide a 360-degree 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 low-hanging fruits available and formulation of growth strategies.

    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 component types by application 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]


    Frequently Asked Questions (FAQs)

    What are Aircraft Films?

    Aircraft Films are used in the aircraft industry to provide a wide array of functions including thermal and acoustic insulation, surface protection and smoothness, aesthetic appearance, and a barrier to moisture. They can be installed on surfaces made of glass, metals, plastics, and composites. Aircraft films of different types are used at different locations; hence, they are made from a wide array of materials to meet the requisite performance. For instance; composite surfacing films are used primarily for aircraft exteriors, whereas decorative films are for aircraft interiors, and adhesive films are for metal, composite bonding, and honeycomb applications.

    What will be the size of the Aircraft Films Market in the foreseeable years?

    Driven by a number of factors like increase in penetration of composites in structural applications of aircraft, the aircraft films market is projected to reach an estimated value of US$ 1.3 billion in 2024.

    Who are the key players in the Aircraft Films Market?

    The 3M Company, Axiom Materials, Inc., The Boeing Company, Compagnie de Saint-Gobain S.A., DUNMORE Corporation, E. I. du Pont de Nemours and Company, Gurit Holding AG, Henkel AG & Co. KGaA, Hexcel Corporation, ISOVOLTA AG, Park Electrochemical Corporation, Schneller LLC, Solvay S.A., and Toray TCAC Holding B.V. are among the key players in the aircraft films market.

    Which country/region is expected to remain the largest Aircraft Films Market?

    North America is expected to remain the largest market for aircraft films during the forecast period of 2019-2024.

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