ID: MRFR/A&D/8676-HCR | February 2021 | Region: Global | 168 pages
Global Aircraft Fairings Market is expected to reach USD 2,630 Million by 2026 and register a CAGR of 7.31%. Aircraft fairings are structures that produce a smooth outline and assist in reducing drag. The use of composite materials for the manufacture of aircraft fairings has grown significantly in recent years, resulting in greater fuel efficiency and lower costs for the aerospace industry.
Global Aircraft Fairings Market is expected to register significant growth during the review period due to the increasing aircraft deliveries and the adoption of UAVs in commercial and military applications. Furthermore, the growing use of advanced composite materials in aircraft fairings is also expected to drive the growth of the market. Additionally, the increasing contracts between aircraft fairings providers and aircraft OEMs are also expected to drive the growth of the market. For example, in July 2016, Strata Manufacturing signed a contract with Boeing to manufacture vertical fins for flap track fairings for the latter’s 787 Dreamliner.
However, issues related to the recyclability of composite materials and complex maintenance procedures might hamper the growth of the market. Moreover, the ongoing COVID-19 pandemic is also expected to affect market growth due to increasing travel restrictions and the halt in manufacturing activities forcing a few smaller companies to shut down operations. However, the increasing initiatives undertaken by the governments of countries such as the US, China, and others to reduce the losses incurred by the aviation industry might positively impact the growth of the market.
The introduction of various technologies such as the plasma fairings technology for noise reduction in the landing gear, advanced composite materials for aircraft fairings, and resin transfer molding technology for aircraft fairings in the aviation industry is expected to contribute to the growth of the market.
Other Prominent Players
|Market Size||USD 2,630 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||End User, Application, Platform and Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||FACC AG (Austria), ShinMaywa Industries, Ltd. (Japan), Strata Manufacturing (UAE), Malibu Aerospace LLC. (US), DAHER (France), Airbus S.A.S. (Netherlands), Boeing (US), CTRM Sdn. Bhd. (Malaysia), The NORDAM Group LLC (US), AAR (US), FDC Composites (Canada), Avcorp Industries, Inc. (Canada), Barnes Group, Inc. (US), Royal Engineered Composites (US), Fiber Dynamics, Inc. (US), Verdant (India), McFarlane Aviation, Inc. (US), KAMAN CORPORATION (US) and Arnprior Aerospace, Inc. (Canada)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Aerospace 3D printing market can thrive at 7.31% CAGR by 2026.
By 2026, the aerospace 3D printing market value at about USD 2,630 Million.
FACC AG (Austria), Strata Manufacturing (UAE), and ShinMaywa Industries, Ltd. (Japan) are some well-established aerospace 3D printing market players.
Increase in commercial applications of aerospace 3D printing solutions can drive the aerospace 3D printing market.
North America advanced 3D printer can thrive in the years to come.