The aircraft
fairings market 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
factor that is expected to act as a major driver is the growing use of advanced
composite materials in aircraft fairings. This, in turn, is expected to drive
the growth of the aircraft fairings market during the forecast period from 2018
to 2023. The aircraft fairings market has been segmented based on application,
material, platform, end user, and region.
Browse 72 market data Tables and 34 Figures
spread through 127 Pages and in-depth TOC on "Aircraft
Fairings Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/aircraft-fairing-market-41536816.html
Early buyers will receive 10% customization on reports.
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.
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
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.
Get
a Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=160955838
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.
Major companies
profiled in the aircraft fairings market report are Malibu Aerospace (US),
Barnes Group (US), Boeing (US), and NORDAM (US), among others.
Don’t miss out on business
opportunities in Aircraft Fairings Market. Speak to our analyst and gain
crucial industry insights that will help your business grow.
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our 850 fulltime
analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets
following the "Growth Engagement Model – GEM". The GEM aims at
proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441