This report provides in depth study of “Aircraft Fairing Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the
organization. The Aircraft Fairing Market report also provides an
in-depth survey of key players in the market which is based on the
various objectives of an organization such as profiling, the product
outline, the quantity of production, required raw material, and the
financial health of the organization.
Aircraft fairings are employed to protect systems and underlying structures from
adverse external environmental factors. Essentially, aircraft fairings
also contribute significantly to the aerodynamics by providing a smooth
outline and reduced drag. The use of composite materials on aircraft
fairing has dramatically grown over the past decade, resulting in
greater fuel efficiency and lower costs for the aerospace industry.
According to the present trend, a gradual increase in the production of
aircraft in the coming years and replacement of a substantial unit of
aircraft are expected to proliferate opportunities for the manufacturers
of aircraft fairings. Aircraft fairing market has been mainly fueled by
record commercial airplane deliveries across the globe in the past few
years. Subsequently, the aim of the study is to analyze the most recent
trends and dynamics in the global and regional aircraft fairing market.
Aircraft Fairing Market: Dynamics
Growth in aircraft fairing market is expected to remain firm against the
backdrop of growing defense budgets and increasing commercial aviation.
Aircraft fairing market is largely affected by the fact that an
increasing share of the global population can afford to fly.
Subsequently, necessitating airliners to increase the fleet size of
aircraft and augmenting the demand for the aircraft fairings. Moving
ahead, other drivers include developments that reduce fuel consumption,
e.g. aircraft fairings, wing designs, and technologies that cut
production costs.
Moreover, passenger traffic continues to outpace expectations and demand for new
airplanes remains high. Manufacturers in the value chain tend to
collaborate with the aircraft makers, such as Boeing and Airbus to
develop advanced lightweight structures for more fuel-efficient
aircraft, thereby supporting the growth of aircraft fairing market. In a
nutshell, production of new aircraft, aftermarket services, and
increasing disposable income are cited to bolster the aircraft fairing
market.
Aircraft Fairing Market: Segmentationbasis of application
- Flap Track Fairings
- Flap Support Fairings
- Pylon Fairing
- Othersbasis of material
- Composite (Fiberglass etc.)
- Metal and Alloysbasis of aircraft type
- Commercial
- Defense
- Othersbasis of sales channel
- OEM
- Aftermarket Services
Aircraft Fairing Market: Regional Outlook
Growing geopolitical concerns are expected to affect the defense and security
market in the coming years. Global defense spending has been increasing
for the past few years. For instance, North America and Western Europe
have increased defense spending and procurement of new military aircraft
will likely to aid the demand for aircraft fairings. However, drop in
defense spending in countries, such as Saudi Arabia, Russia, and certain
countries in Latin America on the back of lower oil prices will result
in subdued aircraft fairing market.
Importantly, regional dynamics, such as demographic change, growing e-commerce,
travel & tourism activity, population density, and urbanization sway
the global aircraft fairing market. Demand for commercial airplane
remains high, particularly in the rapidly growing Asia Pacific region.
This long-term demand forecast, coupled with healthy market conditions
across various regions, and a robust backlog provides a solid outlook
for the aircraft fairing market. Besides North America and Europe
remains the major hubs to steer the global aircraft fairing market in
the near outlook. Both the region are home to some of the largest
aircraft manufacturers, consequently, demand for aircraft fairing
remains high.
Aircraft Fairing Market: Key Players
Examples of some of the market participants in the global aircraft fairing market discerned across the value chain include:
- Strata Manufacturing PJSC
- FACC AG
- Saab AB
- SABCA
- ShinMaywa Industries, Ltd.
- Malibu Aerospace LLC.
- Precision Castparts Corp.
- Avcorp Industries Inc.
- DAHER
- Maple Leaf Aviation Limited
- GHENOVA Ingeniería S.L.
