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Aircraft Fairings Market Size
- Report ID: GMI3523
- Published Date: Jul 2020
- Report Format: PDF
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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Aircraft Fairings Market Scope
