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

Published Date: Jul 2020  |  Report ID: GMI3523  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 205   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

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.
 

Aircraft Fairings Market

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Aircraft Fairings Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 43.45 Million
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3.1% 2026 Value Projection: USD 42.93 Million
Pages: 205 Tables, Charts & Figures: 224
Geographies covered (16): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE
Segments covered: Aircraft, Application, Material, Region
Companies covered (10): FACC AG, ShinMaywa Co. Ltd, LATECOERE, STRATA Manufacturing, Maple Leaf Aviation, Fairings-Etc., Malibu Aerospace, The NORDOM Inc., DAHER and Avcorp
Growth Drivers:
  • Growing production of narrow-body aircrafts worldwide
  • Rising need for air travel demand across the globe
  • Increasing penetration of new generation and lightweight aircraft
  • Presence of large number of aircraft manufacturers in the U.S.
Pitfalls & Challenges:
  • Adverse impact of coronavirus pandemic on aircraft industry as a whole

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COVID-19 pandemic is expected to slow down the market growth

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.
 

Proliferation of HNIs will propel business aircraft fairings demand

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.
 

Wings to dominate application segment

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.
 

Cost-effectiveness of GFRP will increase its popularity in fairings production

Aircraft Fairings Market Size

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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.
 

North America to bank upon its strong aerospace infrastructure

Aircraft Fairings Market Regional Insights

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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.
 

Industry players to engage in long term contract with aircraft manufacturers

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, and 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:
 

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
       

Frequently Asked Questions (FAQ) :

The market size of aircraft fairings was exceeded USD 43.45 million in 2019.
The industry share of aircraft fairings is projected to expand at 3% CAGR from 2020 to 2026.
Business aircraft segment held 15% market share in 2019 and will register appreciable growth, driven by rising number of HNIs (High-net-worth Individuals) and surging business aircraft production.
Aircraft wings will account for a considerable industry share on account of the demand for a huge number of fairings on aircraft wings as compared to other parts.
The GFRP (Glass Fiber Reinforced Plastic) segment will gain extensive traction, with a targeted CAGR of 3% through 2026, owing to its strength, cost-effectiveness, light weight, and low maintenance attributes.
These components will depict extensive demand in North America, owing to the presence of a huge number of aircraft manufacturers. North America industry USD 15 million by 2026 with an anticipated CAGR of over 3.6%.
The COVID-19 outbreak has led to a decrease in air passenger traffic, suspension of production units, and manufacturing facility shutdowns, which will restrict the industry growth.

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Premium Report Details

  • Published Date: Jul 2020
  • Pages: 205
  • Tables: 204
  • Charts / Figures: 20
  • Companies covered: 10
  • Countries covered: 16

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