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.
The global aircraft Fairings market size 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 North America aircraft Fairings market is growing at a significant pace due to factors, such as rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft Fairings market can be attributed to the growth of rise in disposable incomes and increase in air travel.
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.
Access In depth Insights Report : https://www.marketsandmarkets.com/Market-Reports/aircraft-fairing-market-41536816.html
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. 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.
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.
Strata Manufacturing (UAE) is a major player in the aircraft Fairings market. The company focuses on contracts through extensive R&D activities and has a wide aircraft Fairings product portfolio. The company’s next-generation innovation and strategic investments, coupled with their strong product portfolio are expected to lead to their robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business sectors. A significant component of its strategy is to focus on program execution, by improving the quality and predictability of the delivery of its products and services. Thus, in 2016, Strata Manufacturing received a contract from the Boeing Company to manufacture vertical fins for flap track Fairings for the 787 Dreamliner.
Get Sample Here: https://www.marketsandmarkets.com/requestsampleNew.asp?id=41536816
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.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441