Aircraft Fairings Market to offer a healthy CAGR of 9.2% during 2020-25
February 18, 2020
Aircraft Fairings Market Overview:
Aircraft Fairings Market is likely to witness an impressive CAGR of 9.2% during the forecast period. The prime factor that is expected to serve as a catalyst towards the growth of the global aircraft fairings market is the increasing adoption of advanced composite materials in aircraft fairings.
Report Overview:
This new report from Stratview Research analyses the Aircraft Fairings Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Fairings Market Segment Insights:
Dominance Of: Aftermarket
Based on the end-user type, the market is segmented as original equipment manufacturer (OEM) and aftermarket. The aftermarket segment led the market in 2019, and it is estimated to maintain its dominance during the forecast period. Different components of aircraft fairings, such as flight control surface, fuselage, nacelles, wheels, flaps, trailing edge are needed to be replaced during the maintenance measures. Maintenance, Repair, and Overhaul (MRO) services are provided by various companies as a part of the aftermarket support services.
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A highly/moderately/fragment consolidated Market
Some of the major players in the aircraft fairings market are Airbus SE, Avcorp, AAR Corporation, Arnprior Aerospace Inc., The Boeing Company, Barnes Group, CTRM Aero Composites, Daher, Fiber Dynamics, Inc., and FACC AG.
Regional Hegemony of North America & the dominance of Fuselage
In terms of regions, the North American region accounted for the largest share of the aircraft fairings market in 2019. North America is estimated to be an emerging aircraft fairings market, driven by the high demand for newer aircraft and replacement of aging fleets. Whereas, the Asia-Pacific region is estimated to be the fastest-growing region in the aircraft fairings market in the coming five years. The market is sustained by the rise in the modernization agendas in the Asia-Pacific’s aviation industry, which is contributing to the high acceptance of advanced aircraft fairings. These significant factors are expected to further boost the demand for aircraft fairings in the APAC region. China and India are the growth engines of the region. Europe is also expected to offer substantial growth opportunities during the forecast period.
Based on the application type, the market is segmented as flight control surface, fuselage, nose, engine, landing gear, wings, and cockpit. The fuselage segment accounted for the largest share of the market in 2019, and is expected to maintain its dominance during the forecast period. The fuselage is the core and central body of a fixed-wing aircraft. It delivers space for cargo, controls, accessories, passengers, and other equipment. It comprises bulkheads, frames, floor beams, and stringers. In single-engine aircraft, the fuselage holds the power plant, while, in multi-engine aircraft, the engines may either be fixed to the fuselage, or overhung from the wing structure.
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