ID: MRFR/A&D/8824-HCR | February 2021 | Region: Global | 168 pages
Global Aircraft Doors Market is expected to register a 6.87% CAGR during the forecast period, 2020 to 2026. Aircraft doors are designed and developed with utmost precision to meet the required safety and internal pressure and access control and management in various compartments of the aircraft. These doors are designed to withstand a variety of altitudes, temperatures, and adverse climatic conditions for an extended period of service life.
The Global Aircraft Doors Market is expected to register significant growth during the forecast period, owing to the increasing aircraft deliveries due to rising air passenger traffic. Furthermore, the growing focus of authorities on replacing existing aircraft doors is also expected to drive the growth of the market. Additionally, the increasing contracts between companies such as Triumph Group and the Boeing Company are also expected to drive the growth of the market. For example, in June 2018, Triumph Group signed an agreement with Boeing to supply aerospace structures, including horizontal stabilizers, doors and wing sections.
However, issues related to the recyclability of the composite materials and stringent aviation regulations might hamper the growth of the global market. Moreover, the ongoing COVID-19 pandemic is also expected to hamper the growth of the market. As the international borders are closed, air traveling has reduced. Additionally, more aircraft are being grounded, and airliners are delaying their aircraft delivery due to disrupted supply chains. Such factors are expected to hamper the growth of the global market. However, the increasing initiatives undertaken by the governments of countries such as the US, China, India, and Brazil to reduce the impact on the aviation industry might provide an opportunity for the growth of the aircraft doors market in the coming years.
The introduction of various technologies such as advanced composite materials for aircraft doors and resin transfer molding technology for manufacturing aircraft doors are expected to drive the market growth.
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Frequently Asked Questions (FAQ) :
Aircraft Doors Market can advance at a rate of 6.87% in the near future.
Surge in aircraft deliveries owing to increasing air passenger traffic and the rising focus of the authorities on upgrading the existing aircraft doors are some of the key growth drivers in the market.
Strict aviation regulations can deter the market growth in the coming years.
The rising need for lightweight aircraft door and the increasing efforts to cater to that need can be a major market trend during the review period.
Commercial can be the leading application-based segment in the market.