Overview and Scope
An aircraft fairings refers to device that produces a smooth shape and reduces drag on aircraft surfaces. These structures are used to fill gaps and spaces between aircraft sections with the objective to reduce form drag and interference drag while also improving appearance.
Sizing and Forecast
The aircraft fairings market size has grown strongly in recent years. It will grow from $1.82 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to dairy industry growth, rotation crop benefits, rise of hay export market, biofuel and energy production, demand for organic feed..
The aircraft fairings market size is expected to see strong growth in the next few years. It will grow to $2.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to sustainable agriculture practices, expansion of livestock industries, research and breeding programs, demand for high-quality forage, water-saving agriculture.. Major trends in the forecast period include adoption of improved varieties, precision agriculture technologies, drought-resistant varieties, innovations in harvesting and storage, organic alfalfa production, biofuel and bioprocessing..
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The aircraft fairings market covered in this report is segmented –
1) By Material: Aluminum, Composite, Alloys
2) By Application: Fuselage, Engine, Control Surfaces, Radars And Antennas, Landing Gear
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket Services
4) By End-User: Commercial, Military, General Aviation
North America was the largest region in the aircraft fairings market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aircraft fairings market during the forecast period. The regions covered in the aircraft fairings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased demand for aircraft is expected to drive the aircraft fairing market going forward. An aircraft has a fixed-wing aircraft that is designed to be flown for traveling through the air. These aircraft typically come in various forms and are used for multiple purposes. The use of aircraft fairings in lightweight aircraft can provide several advantages, such as producing a smooth outline and reducing drag, which can improve the aerodynamics of the aircraft and can lead to greater fuel efficiency and lower costs for the aerospace industry. For instance, in January 2023, Airbus, a France-based aerospace company, served 84 clients with 661 deliveries, an increase of 8% over 2021. Further, In March 2023, Lufthansa Group, a German-based airline company, agreed on a deal with Airbus to add 10 Airbus A350-1000s and 5 Airbus A350-900s to its fleet. Therefore, the increased demand for aircraft is expected to propel the growth of the aircraft fairing market.
Key Industry Players
Major companies operating in the aircraft fairings market report are Avcorp Industries Inc., FACC AG, Royal Engineered Composites, ShinMaywa Industries Ltd., Airbus SE, Barnes Group Inc., The Boeing Company, Daher, The Nordam Group LLC, Arnprior Aerospace Inc., Fdc Composites Inc., Fiber Dynamics Inc., Kaman Corporation, McFarlane Aviation Inc., Stene Aviation Inc., Patria Aerostructures Oy, Teledyne Defense Electronics, Ducommun Incorporated, Saab AB, Malibu Aerospace LLC, Strata Manufacturing PJSC, Turkish Aerospace Inc., Premium AEROTEC, NORDAM GROUP LLC, GKN Aerospace Services Limited, Spirit AeroSystems Holdings, Triumph Group Inc., RTX Corporation, Bombardier Inc., Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Leonardo S.p.A.
The aircraft fairings market report table of contents includes:
1. Executive Summary
2. Aircraft Fairings Characteristics
3. Aircraft Fairings Trends And Strategies
4. Aircraft Fairings – Macro Economic Scenario
5. Global Aircraft Fairings Size and Growth
…..
32. Global Aircraft Fairings Competitive Benchmarking
33. Global Aircraft Fairings Competitive Dashboard
34. Key Mergers And Acquisitions In The Aircraft Fairings
35. Aircraft Fairings Future Outlook and Potential Analysis
36. Appendix
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