What is the future of Aircraft Window Frame Market? Know Covid Impact on Size, Share & Forecasts
July 01, 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 Aircraft Window Frame Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Window Frame Market will reach US$ 133.3 million in 2023. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aircraft Window Frame Market Segment Insights:
By Aircraft Type:
Narrow- and wide-body aircraft are likely to remain the growth engines of the market during the forecast period.
By Material Type:
The metal window frame is likely to remain the more dominant material type in the market over the next five years. Metal window frames have an excellent track record with the availability of good repair technology across regions and the industry personnel having excellent knowledge of the materials. Low cost is another key countable factor of metal windows in an aircraft. However, the composite window frame is expected to grow with higher growth during the forecast period as composite window frame brings considerable weight savings as compared to the conventional metal window frames. Also, composite window frames are more durable and offer high strength-to-weight ratio than the metal window frames. It is expected that major airframers will opt composite window frame for their upcoming fuel-efficient aircraft.
By Product Type:
In recent years, the major aircraft manufacturers are squeezing more number of seats in an aircraft in order to generate additional revenue. For instance; Boeing has added two more rows (12 seats) in 737 Max than the B737-700. Also, Boeing announced in 2017 to reconfigure its fleet of Boeing 737-800 Next Generation (NG) aircraft by increasing seating capacity from 177 to 186 seats. This further aid the demand for cabin window frame in the industry.
By Region:
North America is expected to remain the most dominant region in the aerospace window frame market. The region is the manufacturing hub of the aerospace industry with the presence of the several small- to large-sized aircraft manufacturers, tier players, distributors, and raw material suppliers. Asia-Pacific is likely to depict the highest growth during the same period, driven by China, and Japan. Both countries would remain the growth engines of the region’s market for aircraft window frames over the next five years.
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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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