Growing Air Passenger Traffic Worldwide Has Propelled the Growth of the Aircraft Fairing Market in the APAC Region!

Growing air passenger traffic worldwide is boosting the aircraft fairing market in the APAC Region. As more people are traveling by air, there is an increasing demand for new and advanced aircraft, which, in turn, is driving growth in the aircraft fairing market. Aircraft fairings, which are parts of the exterior of an aircraft, help to reduce drag and improve aerodynamics, which can result in reduced fuel consumption and operating costs.
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The APAC region has seen significant growth in air traffic in recent years, driven by factors such as rising incomes, increasing urbanization, and a growing middle class. As a result, the demand for aircraft fairings in the region is also on the rise. The global aircraft fairings market is expected to grow at a CAGR of 7.83% during the forecast period of 2018-2023. The growth in the aircraft fairings market in the APAC region can also be attributed to the increasing focus on reducing carbon emissions and improving fuel efficiency. Fairings can help to reduce drag, which in turn can lead to reduced fuel consumption and lower emissions. This has led to a push from governments and airlines to improve the efficiency of aircraft and reduce their impact on the environment.

In conclusion, the growing air passenger traffic worldwide is driving demand for new and advanced aircraft, which is in turn fueling the growth of the Aircraft Fairing Market in the APAC region. As the demand for more fuel-efficient and environmentally friendly aircraft continues to rise, the market for aircraft fairings is poised for further growth in the coming years.
FIG. 1 APAC Aircraft Fairing Market Revenue (2020-2028)- USD Mn

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Based on material, the market is segmented into composite, metal, and others. The composite segment held a significant share of the aircraft fairing market in 2021, and this can be attributed to several drivers. Firstly, composite materials offer several advantages over traditional materials such as aluminum, including lower weight, higher strength, and better resistance to corrosion and fatigue. This makes them ideal for use in aircraft fairings, where reducing weight and improving aerodynamics are critical factors in enhancing fuel efficiency and reducing operating costs. Another driver of the composite segment in the aircraft fairing market is the increasing demand for more efficient and environmentally friendly aircraft designs.

By application, the market is segmented into the fuselage, landing gear, wings, control surfaces, and engine. The fuselage segment holds a significant share of the aircraft fairing market due to several drivers. Firstly, the fuselage is one of the largest and most important components of an aircraft, and it plays a critical role in ensuring the safety and performance of the aircraft. Therefore, it is essential to ensure that the fuselage is designed and constructed in a way that minimizes drag and improves aerodynamics, which is where aircraft fairings come into play. Another driver of the fuselage segment in the aircraft fairing market is the increasing demand for more fuel-efficient aircraft.

Global Aircraft Fairing Market Segmentation

Market Insight, by Material

• Composite
• Metal
• Others

Market Insights, by Application

• Fuselage
• Landing Gear
• Wings
• Control Surfaces
• Engine

Market Insights, by End-Users

• Commercial
• Military
• General Aviation

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • Rest of APAC
• Rest of the World

Top Company Profiles

• ShinMaywa Industries, Ltd.
• Strata Manufacturing PJSC.
• Malibu Aerospace LLC.
• FACC
• Daher
• The NORDAM Group LLC
• Airbus
• Boeing
• Avcorp Industries Inc.
• Barnes Group