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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.
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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
Key Aircraft Fairings Market Trend
Key Aircraft Fairings Market Challenge
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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
Aircraft Fairings Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.45% |
Market growth 2022-2026 |
$ 852.78 million |
Market structure |
Fragmented |
YoY growth (%) |
8.33 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 33% |
Key consumer countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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