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Aircraft Fairings Market to Reach $1.5 Billion in 2024, Says Stratview Research
This strategic report, from Stratview Research, studies the fairings market in the global aircraft industry over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The primary function of a fairing is to reduce the form and interference drag and smoothen the aircraft surface. There are many areas in an aircraft where fairings are used, such as wing-to-body fairing, flap track fairings, engine cowls, fillet fairing, vertical fin fairings, wheel well fairing, and strut-to-wing fairing.
As per Stratview Research, . Increasing production rates of key commercial aircraft programs, introduction of variants of the best-selling aircraft programs, market entry of players, increasing demand for lightweight fairings, and rising global fleet size are the major drivers of the market.
The research's findings suggest that , propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variant of existing programs, and rising commercial aircraft fleet size. Boeing anticipated that approximately 42,730 commercial and regional aircraft will be delivered during 2018-2037 in which narrow- and wide-body aircraft would remain dominant.
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Based on the application type, . It not only joins wings with the fuselage, but also provides a housing for landing gear, fuel, and various inlets and exhausts. However, engine cowls segment is likely to witness the highest growth over the next five years, propelled by the development of high-thrust engines with a high focus on improving fuel efficiency.
. The material type is also projected to witness higher growth (as against meta) in the same period, driven by advantages of high strength-to-weight ratio, excellent corrosion resistance, high fatigue resistance, and lightweight.
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As per the study, as the region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized OEMs, tier players, fairing and nacelle component manufacturers, distributors, and raw material suppliers. However, , owing to upcoming commercial and regional aircraft and the world's largest commercial aircraft fleet size.
Advancements in technology and formation of long-term contracts are some of the key 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 the fairings market in the global aerospace industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
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Ritesh Gandecha
Stratview Research
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