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Aircraft Enclosures Market to Reach $1.4 Billion in 2024, Says Stratview Research
Enclosures in an aircraft are cases or cabinets used to protect critical electronic components. Reduction in thermal loads, protection against aircraft fluids, protection from the environment, and shielding against EMI as well as static electricity are some of the essential functions performed by enclosures in an aircraft. Over the period, there has been a drastic transformation in the design, material, as well as the size of enclosures used in the aircraft industry. The major players have been developing advanced lightweight enclosures in order to assist airframers in achieving their goal of developing fuel-efficient aircraft.
As per Stratview Research, . Organic growth of aircraft production to support the rising passenger and freight traffic, increasing demand for lightweight enclosures, increasing use of avionics in next-generation aircraft, and advancement in aircraft electronics are some of the key factors that are proliferating the demand for enclosures in the aircraft industry.
The research's findings suggest that . Increasing production rates of key aircraft programs, increasing preference for composite enclosures, high focus on passenger safety, and increasing use of avionics are some of the key factors, which are likely to aid growth for the segment's demand for enclosures in the coming years.
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Based on the application type, . Airlines are increasingly seeking to refurbish aging fleets, with a sharp focus on greater fuel economies, reducing CO2 emissions, newer navigation equipment, and flight management systems enabled for connectivity. Development in avionics subsystems such as enhanced vision system (EVS), automatic dependent surveillance-broadcast (ADS-B), attitude heading reference system (AHRS) and automated flight control are the factors driving the aircraft enclosures market.
, owing to its superior mechanical, thermal, and electrical properties. However, . Composite enclosure brings several advantages to the table including lightweight, durability, and ability to mold in complex shapes. Composite enclosures can be easily customized with shielding, circuit traces, embedded antennas, and other components.
Based on the process type, . The process offers several advantages including faster part cycle time and reduced defects, which lead to the overall lower production cost. Injection molding process is likely to grow at the highest CAGR over the next five years. Composite enclosures are predominantly manufactured with high-temperature moldable thermoplastic resins, such as PPS and PEEK, which are preferably processed with the injection molding process.
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As per the study, . The USA is the growth engine of the North American aircraft enclosures market. Presence of major aircraft manufacturers and tier players primarily drive the demand for enclosures in the country. However, Asia-Pacific is likely to depict the highest growth during the same period, driven by China , India , and Japan .
. Development of lightweight compact size enclosures and collaborations with OEMs and system suppliers for the joint development of enclosures are some of the strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies enclosures' market in the global aircraft industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
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