Aircraft Fairings Market Size, Share, Trends, Growth Rate, SWOT Analysis And Future Growth Till 2023

Aircraft Fairings are used to protect underlying structures and systems from adverse external environmental factors. These structures are covers for gaps and spaces between parts of an aircraft which help reduce drag. The global aircraft Fairings market size is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023. The North America aircraft Fairings market is growing at a significant pace due to factors, such as rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft Fairings market can be attributed to the growth of rise in disposable incomes and increase in air travel.

Aircraft fairings manufacturers are focusing on enhancing their market shares through research & development activities to minimize weight, drag, and fuel consumption of aircraft, and enable a greener environment. Additionally, they are also working towards developing high strength and durable materials that help towards the manufacture of safer aircraft. To comply with airliners and operator’s demands, major players in the aircraft fairings market are developing fairings which help reduce operating and maintenance costs in terms of airframe weight.

The introduction of technology, such as plasma fairings technology for landing gear noise reduction, advanced composite materials for aircraft fairings, and resin transfer molding technology for aircraft fairings in the aviation industry is expected to contribute to market growth during the forecast period.

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Based on platform, the commercial segment is projected to lead the aircraft fairings market during the forecast period

Based on the platform, the commercial segment is expected to lead the aircraft fairings market during the forecast period. Commercial aircraft manufacturers should take into consideration various factors, such as efficiency, comfort, safety, and reliability. In commercial aircraft, metals, such as steel, aluminum, and titanium and its alloys, are preferred for the manufacture of aircraft. For instance, in Airbus A380, thermoplastic composites are used on the leading edges and in the fuselage frame for structural clips and brackets.

Based on end user, the OEM segment of the aircraft fairings market is projected to witness the highest growth during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft fairings technology already installed in the aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of aircraft fairings components. This has become a suitable alternative for airline companies, as post the delivery of aircraft, aftermarket modification becomes cumbersome for aircraft manufacturers.

Regional Outlook

The North America region is expected to lead the aircraft fairings market during the forecast period from 2018 to 2023

The North America region is expected to lead the aircraft fairings market during the forecast period. North America is expected to be a prominent region for the aircraft fairings market. Rising military upgrades, such as the purchase of unmanned aerial vehicles and innovative military jets are expected to upsurge demand for the aircraft fairings market in North America during the forecast period. North America is expected to remain the largest region due to the high demand for newer aircraft and replacement of aging fleets.

Key Companies Outlook

Major companies profiled in the aircraft fairings market report are Malibu Aerospace (US), Barnes Group (US), Boeing (US), and NORDAM (US), among others.

ShinMaywa (Japan) is one of the leading companies developing and designing aircraft Fairings for commercial and military applications, including aircraft nose, wing, tail, fuselage, and pods. Aircraft Fairings applications include landing gear, fuselage, flight control surface, wings, and other specialized uses. The company believes in establishing its brand identity through a commitment to reliability and efficiency of products and processes to achieve maximum customer satisfaction.

Strata Manufacturing (UAE) is a major player in the aircraft Fairings market. The company focuses on contracts through extensive R&D activities and has a wide aircraft Fairings product portfolio. The company’s next-generation innovation and strategic investments, coupled with their strong product portfolio are expected to lead to their robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business sectors. A significant component of its strategy is to focus on program execution, by improving the quality and predictability of the delivery of its products and services. Thus, in 2016, Strata Manufacturing received a contract from the Boeing Company to manufacture vertical fins for flap track Fairings for the 787 Dreamliner.

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