Aircraft Fairings Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Competitive Market Share and Forecast, 2019-2025
Report ID: GMI3523
Aircraft Fairings Market size is expected to showcase significant growth over the forecast timeframe owing to requirement for protecting the underline structures and aircraft components from adverse environmental conditions. The improvements in aerodynamic properties coupled with reduction in aircraft drag are further expanding the market size over the study timeframe. Rising aircraft production along with stringent regulatory policies pertaining to aircraft components to maintain airworthiness are expected to further boost the aircraft fairings market share.
Industry players are focussing on lowering the overall aircraft weight to improve efficiency and reduce carbon emissions. The rising adoption of composites for aircraft fairing can be attributed to the benefits offered including superior corrosion resistance, and lower weight. Moreover, government regulations offer significant guidelines and standards for aircraft fairings. For instance, in March 2018, Embraer E190-E2 received multiple certifications from multiple regulatory bodies including FAA, EASA, and ANAC for its innovative designs in components and fairings.
Advancements in manufacturing including the increasing adoption of additive manufacturing technologies in aircraft fairing components offering cost-effective solutions to manufacturers are significantly boosting the aircraft fairings market revenue over the study timeframe. The 3D printed technology enables industry participants to reduce the manufacturing cycling time. In addition, the aircraft manufacturers along with additive manufacturers are using 3D printing technologies to produce prototypes used in wind tunnel testing. For instance, in January 2019, CRP Technology and Leonardo HD showcased its Tiltrotor AW609 prototype with 3D printed parts including the fuselage, nacelle, nose, cockpit, fairings, and external fuel tanks.
Based on application, the aircraft fairings market is segmented into engine, fuselage, cockpit, nose, and landing gear. Fuselage will account for a significant share owing to the major portion of the aircraft designed to accommodate passenger, crew, and cargo. Moreover, industry players are engaged in securing long term contracts with aircraft manufacturers to expand their market share. For instance, in June 2017, FACC AG announced the extension of its C-Series wing to body composite fairing contract with Bombardier.
Based on aircraft, the aircraft fairings market size is segmented into commercial aircrafts, regional jets, business jets, helicopter, and military aircraft. The commercial aircraft is expected to hold dominance in the industry owing to increasing aircraft deliveries across the globe. Airliners globally are ordering new aircrafts for catering to the rising air consumer demand. For instance, in June 2019, American Airlines announced the order of 50 new A321XLR models for replacing its 757 and 767 aircraft fleet.
Based on material the aircraft fairings market is segmented into composite, metal, and alloy. Composites will account for a significant share owing to the benefits offered including lower weight, higher corrosion resistance, and ability to withstand high temperatures. Moreover, the complex geometry structures of the materials enable for superior durability, thereby expanding the segment share over the study timeframe.
Based on distribution channel, the aircraft fairings market share is bifurcated into OEM and aftermarket. OEMs will account for a significant share on account of increasing aircraft production across the globe. Moreover, aircraft manufacturers are expanding their production facilities to increase their production output and cater to the rising demand. For instance, in January 2018, Airbus announced its plans to expand its China production facility for catering to the rising demand from Asian Airlines.
Asia Pacific will showcase strong growth potential in the aircraft fairings market share owing to rising air passenger travel across the region. The increasing demand for low cost carriers along with the expanding network routes offering low fares flights to varied destinations are expected to positively influence the regional share expansion. The improving airport infrastructure along with proliferating tourism industry are providing a positive outlook for the market share expansion.
The prominent industry participants in the aircraft fairings market share includes Daher, Boeing, Airbus S.A.S., Barnes Group, Avcorp Industries Inc., Strata Manufacturing, Malibu Aerospace, NORDAM, SAAB, and Royal Engineered Composites. The other players include Kaman AeroSystem, ShinMaywa, Fiber Dynamics, UTC Aerospace System, and AAR Corp. Industry players are adopting multiple strategies including long term contracts with aircraft manufacturers to enhance their revenue share. For instance, in 2018, Strata was awarded a contract by Pilatus for manufacturing belly fairings for the PC-24 aircrafts.
The aircraft fairing industry participants are further partnering with additive manufacturers to develop advanced 3D printing technologies for interior components of aircrafts. Such partnerships will further boost the industry profits owing to cost effective manufacturing processes. For instance, in January 2017, Strata and Siemens entered into a strategic partnership to develop 3D-printed aircraft component technology.
Aircraft Fairings Market, By Application, 2013 - 2025 (Units, USD Million)
- Landing gear
Aircraft Fairings Market, By Aircraft Type, 2013 - 2025 (Units, USD Million)
- Commercial aircraft
- Narrow Body
- Wide Body
- Regional Jets
- Business Jets
- Military Aircraft
By Material, 2013 - 2025 (Units, USD Million)
By Distribution Channel, 2013 - 2025 (Units, USD Million)
The above information has been provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Airbus S.A.S.
- Barnes Group
- Avcorp Industries Inc.
- Strata Manufacturing
- Malibu Aerospace
- Royal Engineered Composites
- Kaman AeroSystem
- Fiber Dynamics
- UTC Aerospace System
- AAR Corp.
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