A research report on the Aircraft Fairings Market has recently been published by Stratview Research, which addresses the significant changes in the Aircraft Fairings Market. The study's purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.
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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.
Profiling Key Companies –
- 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.
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
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- Assessment of the market
- Competitive Landscape
- COVID Impact Analysis
- Value Chain Analysis
- Historic Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
- Future Business Scope & Opportunities Forecast
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.
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.
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.
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Critical Questions Answered in the Report
- What are the key trends in the Aircraft Fairings Market?
- How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?
- On what scale has COVID-19 impacted the Aircraft Fairings Market?
- What are some key strategies adopted by the market leaders in the Aircraft Fairings Market?
- How much share of the Aircraft Fairings Market do the top players own?
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