Aircraft Fairings Market Size By Aircraft (Commercial [Narrow-body, Widebody], Regional, Business, Military, Helicopters), By Application (Wing, Fuselage, Empennage, Landing Gear, Engine), By Material (Carbon Fiber Reinforced Plastics [CFRP], Glass Fiber Reinforced Plastics [GFRP], Metals & Alloys), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Aircraft Fairings Market Size

Aircraft Fairings Market size was valued at USD 43.45 million in 2019 and is estimated to exhibit over 3% CAGR from 2020 to 2026. Growing air passengers across the world along with the emergence of low-cost airlines is likely to augment aircraft fairings usage. Major aircraft producers are planning to expand their capacities to meet the airliner’s annual demand for airplanes. For instance, in 2020, Airbus inaugurated its new facility in Alabama (U.S.) to assemble its A220 aircraft platform.
 

Moreover, increasing penetration of new generation aircraft models around the globe is another factor impelling the industry growth. Although the cost of these models is substantially higher, the advantages associated with fuel economy will support its adoption in the aviation sector. The key aircraft models gaining traction from airliners include, Airbus A220, Airbus A321neo, and Boeing 7373. The increasing need for comfortable and low-cost airlines will enhance the demand for next-generation aircrafts.
 

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COVID-19 Impact

The aircraft fairings industry is growing significantly, however, challenges associated with the ongoing covid-19 pandemic will hamper its penetration in global aerospace sector. Temporary suspension of manufacturing facilities, restrictions on international air travel along with lockdowns announced by the governments will restrict the market expansion in the near term.
 

Aircraft Fairings Market Analysis

Business aircraft segment accounted for around 15% aircraft fairings market share in 2019. The increasing number of High-net-worth Individuals (HNIs) along with rising production of business aircraft is expected to drive the segment penetration. Additionally, growing usage of composite materials to produce lighter aircraft will further influence the product usage.
 

Aircraft wings will hold significant market share in the coming years owing to the requirement for a considerably larger number of fairings on the wings compared to any other parts. For instance, the Airbus A320 model has three flap track fairings attached to each side of a wing. Flap track fairings and wingtip fairings are commonly attached to aircraft wings, in order to reduce interference, drag.
 

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The Glass Fiber Reinforced Plastic (GFRP) material segment will witness around 3% growth rate through 2026 impelled by cost-effectiveness of the material over other composites. GFRP is a high strength, lightweight, and low maintenance material, which is a key reason behind its adoption in the aircraft sector. Rising usage of lightweight materials in the aerospace sector is projected to boost the GFRP segment penetration.
 

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The North America aircraft fairings market is poised to exceed USD 15 million by 2026 with a CAGR of over 3.6% during 2020-2026 propelled by the presence of many aircraft manufacturers including Airbus, Boeing, Bombardier, Embraer, etc., along with their well-established production facilities for aircrafts. Additionally, the growing demand for air travel coupled with a rising number of airlines in the U.S. is likely to stimulate aircraft deliveries and drive the revenue generation.
 

Aircraft Fairings Market Share

Aircraft fairings industry players are establishing contracts with aircraft manufacturers for the installation and maintenance of fairings. Other strategies used by manufacturers include production capacity expansion, new product developments, and strategic partnerships.
 

Aircraft fairings marketplace is moderately concentrated with top players accounting for a considerable share. Some of the key manufacturers includes:

• ShinMaywa
• FACC
• Malibu Aerospace
• NORDOM
• STRATA Manufacturing
   

This market research report on aircraft fairings includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2016 to 2026, for the following segments:

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Market, by Aircraft

• Commercial

  • Narrow-body
  • Wide-body
• Regional
• Business
• Military
• Helicopters

Market, by Application

• Wing

• Fuselage
• Empennage
• Landing gear
• Engine

Market, by Material

• CFRP

• GFRP
• Metals & Alloys
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • UAE