Aircraft Fairings Market by Application and Geography - Forecast and Analysis 2022-2026

The aircraft fairings market share is expected to increase by USD 852.78 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.45%.

This aircraft fairings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aircraft fairings market segmentation by application (commercial aviation, military aviation, and general aviation) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The aircraft fairings market report also offers information on several market vendors, including AAR Corp., Airbus SE, Arnprior Aerospace Inc., Avcorp Industries Inc., Barnes Group Inc., DAHER, FACC AG, Fdc Composites Inc., Fiber Dynamics Inc., Kaman Corp., Malibu Aerospace LLC., McFarlane Aviation Inc., nV Aerospace LLC, Royal Engineered Composites Inc., ShinMaywa Industries Ltd., Strata Manufacturing PJSC, and The Nordam Group LLC among others.

What will the Aircraft Fairings Market Size be During the Forecast Period?

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Aircraft Fairings Market: Key Drivers, Trends, and Challenges

The rising procurement of new generation aircraft is notably driving the aircraft fairings market growth, although factors such as the delays in aircraft deliveries and order cancellations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft fairings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aircraft Fairings Market Driver

• One of the key factors driving growth in the aircraft fairings market is the rising procurement of new generation aircraft.
• In 2020, the number of passengers traveling by air globally was almost 1.7 billion, and it is anticipated to increase significantly in the coming years. This growth is mainly attributed to the rapid growth of air travel in APAC.
• The sustainment of the year-over-year increase in air traffic requires airline operators to procure new aircraft to address the rising demand. Hence, major aircraft OEMs have initiated the revamping of their existing production facilities to ensure scheduled deliveries.
• For instance, in May 2020, Airbus opened its manufacturing facility in Mobile, Alabama, US, to address the growing demand for its A220-100 and A220-300 aircraft versions. Many airlines have come up with fleet upgrade plans. Such fleet upgrade plans have increased the number of net orders for the famed models of leading manufacturers.
• The high number of orders placed by airlines results in subsequent business prospects for aircraft components, including aircraft fairings. Hence, the rising procurement of new aircraft will drive the growth of the global aircraft fairings market.

Key Aircraft Fairings Market Trend

• The diversification of OEMs into aftermarket is an aircraft fairings market trend that is expected to have a positive impact in the coming years.
• Concerning evolving customer expectations, the aviation industry has witnessed accelerated technological innovations and dynamic shifts in competitive power. These disruptions are expected to affect the value creation chain of the aviation industry and raise certain challenges, such as an increased pace of consolidation in mature markets, including North America and Europe, for industry players.
• With a vision to create a global chain of MRO operators, an upsurge in investments to set up new MRO facilities has been witnessed recently. 
• The development of a global MRO network will result in the low cost of aircraft fairings, which will encourage airline operators to opt for such services to enhance their customer service levels during the forecast period. Such factors will propel the growth of the global aircraft fairings market.

Key Aircraft Fairings Market Challenge

• The delays in aircraft deliveries and order cancellations will be a major challenge for the aircraft fairings market during the forecast period.
• Rapid technological advances and the high use of enhanced systems are pressurizing the manufacturers of aircraft parts, components, and sub-assemblies to meet rising demand, quick delivery times, and cope with budget constraints. This can negatively affect the quality of parts and components, including aircraft fairings.
• The manufacturing process of an aircraft, from its initial design stage to final production, is exhaustive and consumes time. Since it requires the assembling of several parts and components, any delays will lead to an extension in delivery dates.
• Delays in deliveries may prompt airlines to cancel their orders. Such order cancellations and delays in aircraft deliveries will negatively impact the growth of the global aircraft fairings market.

This aircraft fairings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global aircraft fairings market as a part of the global aerospace and defense market within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft fairings market during the forecast period.

Who are the Major Aircraft Fairings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• AAR Corp.
• Airbus SE
• Arnprior Aerospace Inc.
• Avcorp Industries Inc.
• Barnes Group Inc.
• DAHER
• FACC AG
• Fdc Composites Inc.
• Fiber Dynamics Inc.
• Kaman Corp.
• Malibu Aerospace LLC.
• McFarlane Aviation Inc.
• nV Aerospace LLC
• Royal Engineered Composites Inc.
• ShinMaywa Industries Ltd.
• Strata Manufacturing PJSC
• The Nordam Group LLC

This statistical study of the aircraft fairings market encompasses successful business strategies deployed by the key vendors. The aircraft fairings market is fragmented and the vendors are deploying growth strategies such as focusing on expanding geographically, increasing production capacities, and upselling products by upgrading the existing ones to compete in the market.

Product Insights and News

• aarcorp.com - The company offers aircraft fairings such as composite flap track fairings.

• aarcorp.com - Under the aviation services segment, the company offers supply chain and maintenance, repair, and overhaul activities.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aircraft fairings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aircraft Fairings Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aircraft fairings market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Aircraft Fairings Market?

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33% of the market’s growth will originate from Europe during the forecast period.  Germany, France, and the UK are the key markets for aircraft fairings in Europe. Market growth in this region will be faster than the growth of the market in the North American and MEA regions.

North America is another region showing major market growth. The aircraft fairings market in North America is expected to grow at a significant growth rate owing to rising investment in research and development (R&D) and the development of lightweight aircraft during the forecast period. Also, the presence of prominent players such as Boeing and Malibu Aerospace is driving the growth of the market. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 severely hampered the aviation industry in North America. The governments of countries across the region imposed lockdowns, which resulted in a ban on air travel, a temporary shutdown of manufacturing units of aircraft components, including aircraft fairings, and disruptions in the supply chain of aircraft fairings. However, the fast recovery of the US domestic aviation industry and the removal of the ban on air travel for vaccinated travelers from November 2021 are expected to drive the growth of the international aviation industry in the region. 

What are the Revenue-generating Application Segments in the Aircraft Fairings Market?

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The aircraft fairings market share growth by the commercial aviation segment will be significant during the forecast period. The demand for commercial aviation is increasing due to the constant advancement of aviation technology such as aircraft development, increasing demand for fuel-efficient aircraft, the use of lightweight carbon composites for aircraft manufacturing, and the increasing number of aircraft passengers. Thus, the increasing demand for commercial aviation will drive the demand for aircraft fairings during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft fairings market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Aircraft Fairings Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive aircraft fairings market growth during the next five years
• Precise estimation of the aircraft fairings market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the aircraft fairings industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aircraft fairings market vendors

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