Aircraft Fairings Market Research Report - Global Forecast till 2027

Global Aircraft Fairings Market Research Report: Information By End User (OEM and Aftermarket), Application (Cockpit, Fuselage, Engine, Landing Gear, Flight Control Surface, Wings and Nose), Platform (Commercial and Military), Material (Composite, Metallic and Others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027

ID: MRFR/A&D/8676-HCR | February 2021 | Region: Global | 168 pages

Market Scenario


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.


Market Synopsis


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.


Market USP


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.


Market Drivers



  • The Growing Number of Aircraft Deliveries



  • The Increasing Use of Advanced Composite Materials in Aircraft Fairings



  • The Growing Adoption of UAVs in Commercial & Military Applications



  • USE of 3D Printing in Aircraft Fairing Manufacturing: 3D printing helps reduce the time required to complete manufacturing cycles. Additionally, it offers numerous benefits, such as flexibility, weight reduction, and convenience. Thus, driving the growth of the market.


Market Restraints



  • Issues Related to the Recyclability of Composite Materials

  • Complex Maintenance Procedures


Segmentation


By End-User



  • OEM: The segment is expected to register the higher growth rate during the forecast period owing to the growing air passenger traffic, thus, driving the demand for OEM services. Furthermore, OEMs offer benefits, such as customization and reliability. Thus, driving the growth of the segment.



  • Aftermarket: The segment dominated the market in 2019, as there is a large global aircraft fleet in operation, thus driving the demand for aftermarket services.


By Platform



  • Commercial: The segment dominated the market in 2019 and is expected to record the higher CAGR during the forecast period, 2020 to 2026. The increasing commercial aircraft orders, owing to increasing air passenger traffic, are expected to drive the growth of the segment.



  • Military: The segment is expected to grow at a significant CAGR during the forecast period, 2020 to 2026, owing to factors such as the increasing military expenditures of developing countries such as China and India owing to rising territorial conflicts in the Asia-Pacific region.


By Material



  • Composite: The segment is expected to record the highest CAGR during the forecast period, 2020 to 2026. The increased use of advanced composite materials for manufacturing aircraft components is expected to drive the growth of the segment during the review period.



  • Metallic: The segment is expected to register a significant CAGR during the forecast period, 2020 to 2026. Factors such as the increasing use of various metallic materials such as Aluminum, Magnesium, and Titanium alloys for manufacturing aircraft fairings are expected to drive the growth of the segment.



  • Others: The other segment includes various other materials such as non-metallic materials, transparent plastic, and reinforced plastic.


By Region



  • North America: North America dominated the global aircraft fairings market in 2019 due to the presence of prominent companies such as Malibu Aerospace LLC. and The NORDAM Group LLC.



  • Europe: The presence of prominent aircraft OEMs such as Airbus S.A.S is expected to drive the market growth in the region.



  • Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. The growing aviation sector in countries such as China, Japan, and India is expected to increase the demand for aircraft fairings in the region.



  • Rest of the World: Increasing aircraft deliveries in countries such as the UAE, Brazil, and South Africa are expected to boost the demand for aircraft fairings in the region.


Key Players



  • 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)


Other Prominent Players



  • 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)

  • Arnprior Aerospace, Inc. (Canada)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 2,630 Million
  CAGR   7.31% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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

  • Plasma fairings technology for noise reduction in the landing gear
  • Advanced composite materials for aircraft fairings
  • Resin transfer molding technology for aircraft fairings in the aviation industry
  •   Key Market Drivers

  • The Growing Number of Aircraft Deliveries
  • The Increasing Use of Advanced Composite Materials in Aircraft Fairings
  • The Growing Adoption of UAVs in Commercial & Military Applications


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    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.