Aircraft Fairing Market: Current Analysis and Forecast (2022-2028)

Report Description

The Aircraft Fairing Market was valued at USD 1.5 Billion and is expected to grow at a strong CAGR of around 9% during the forecast period due to a growing demand for commercial air travel and the increasing fleet size of airlines. Increasing demand for lightweight aircraft components to improve fuel efficiency and reduce emissions is driving the growth of the aircraft fairings market. Additionally, Technological advancements in the aerospace industry are leading to the development of more efficient and durable fairings, driving demand for newer models. Moreover, the rise of low-cost carriers in emerging economies is increasing demand for aircraft and thus, aircraft components such as fairings.

Recent developments such as the growing use of 3D printing technology to produce aircraft fairings and the increasing adoption of advanced composites in the aerospace industry are expected to further propel market growth. For instance, In December 2021, Boeing and 777 Partners received an order for additional 30 737 MAX fuel-efficient, single-aisle jets.

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Some of the major players operating in the market include ShinMaywa Industries, Ltd., Strata Manufacturing PJSC., Malibu Aerospace LLC., FACC, Daher, The NORDAM Group LLC, Airbus, Boeing, Avcorp Industries Inc., and Barnes Group.

Insights Presented in the Report

“Amongst application, the landing gear segment expected to grow at a significant rate in the upcoming forecast period.”

By application, the market is segmented into the fuselage, landing gear, wings, control surfaces, and engine. The landing gear segment is one of the emerging segments due to the adoption of lighter and more robust landing gear. The players involved in the production business are manufacturing strong and lightweight landing gear without compromising its functions, operations, performance, safety, and maintenance requirements. Thus, higher growth numbers are expected during the forecast period.

“Amongst end-users, the military segment is expected to grow at a significant rate in the upcoming forecast period.”

On the basis of end-users, the market is segmented into commercial, military, and general aviation. Among these, the military segment is expected to grow with the highest CAGR in the upcoming forecast period due to various drivers. Firstly, the shift towards increasing procurement of multi-role, combat, and transport aircraft in developing countries like India. Secondly, military budgets in developed and developing economies are major factors responsible for segment growth during the forecast period.

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 “Asia Pacific is experiencing rapid growth in upcoming forecast Period.”

The Asia-Pacific region is experiencing significant growth in the aircraft fairing market due to several factors. One of the main reasons is the increasing demand for air travel in the region, which has led to the growth of the aviation market. According to the International Air Transport Association (IATA), air travel in Asia-Pacific will be the fastest-growing in the world over the next 20 years. Additionally, the region’s governments are investing heavily in the development of airports and aviation infrastructure, further driving the growth of the market. The region is also home to several major aircraft manufacturers and suppliers, which are further supporting the growth of the market.

Aircraft Fairing Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global aircraft fairing market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Aircraft Fairing Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global aircraft fairing market were the three major steps undertaken to create and analyze the adoption of aircraft fairing in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global aircraft fairing market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the aircraft fairing market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the aircraft fairing market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as material, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the aircraft fairing market. Further, we conducted factor analysis using dependent and independent variables such as material, application, and end-users of the aircraft fairing market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the aircraft fairing market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global aircraft fairing market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the aircraft fairing market across the major markets domestically.
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global aircraft fairing market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global aircraft fairing market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the material, application, and end-users in the global aircraft fairing market.

The main objective of the Global Aircraft Fairing Market Study

The current & future market trends of the global aircraft fairing market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the aircraft fairing market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the material, application, and end-users.
• Define and analysis of the regulatory framework for the aircraft fairing
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviours of the industry.
• Analyze the current and forecast market size of the aircraft fairing market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the aircraft fairing market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team