What is the future of Aerospace Windshield Wiper Systems Market? Know Covid Impact on Size, Share & Forecasts
June 29, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aerospace Windshield Wiper Systems Market.
It was estimated prior to this unanticipated outbreak that the Aerospace & Defense Windshield Wiper Systems Market was likely to witness an impressive CAGR of 4.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Aircraft windshield wiper or windscreen wiper is a system used to remove rain, debris, snow, and ice from an aircraft front window, so the pilot can access a better view. It plays a very important role during the takeoff and landing, as well as at the time of flight. Most commonly the wiper system runs through electrical motors, but some aircraft equipped with hydraulic wiper motors. An aircraft windshield wiper system consists of a wiper blade, a wiper arm, and a wiper motor or converter that runs by the electrical system. The blade swipes and forth over the glass, to remove water or other precipitations from the surface. Most of the aircraft are equipped with wipers, for both, pilot and co-pilot, which work with the same electrical system, while some aircraft have two separate wiper systems in which one is for back-up in case another fails.
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Aerospace Windshield Wiper Systems Market Segment Insights:
By Aircraft Type:
Commercial aircraft is likely to remain the most dominant as well as the fastest-growing segment growth over the next five years. Boeing and Airbus are anticipated to generate a healthy demand for windshield wiper systems in the coming five years. Expected market entry of Irkut and COMAC in the commercial aerospace business will further add a stir to the growth of wiper systems in the aircraft segment. Military aircraft is likely to experience the second-highest growth during the forecast period, driven by C-130J Super Hercules, A400M, and KC-46 Pegasus.
By Fit Type:
The market is segmented as line fit and retrofit. Line fit is likely to remain the most dominant segment and is likely to register an excellent CAGR over the forecast period, whereas retrofit is likely to witness higher growth over the next five years, propelled by increasing commercial aircraft fleet size.
By Region:
North America is expected to remain the largest market for global aerospace & defense windshield wiper system in the next five years. Asia-Pacific region is likely to experience the fastest growth during the forecast period, driven by demand of wiper system in emerging economies, such as China and India.
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Features of the Report
This report offers high-quality insights and is 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.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- 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
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