The Global Aircraft Fairings Market: Highlights

The global aircraft fairings market offers attractive growth opportunities in the entire ecosystem of the market. The market for aircraft fairings is expected to reach an estimated value of US$ 1,430.6 million in 2023. Increasing production rates of key commercial aircraft programs, the introduction of variants of the best-selling aircraft programs, market entry of players, increasing demand for lightweight fairings, and rising global aircraft fleet size are the major drivers of the global aircraft fairings market.

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. The primary function of an aircraft fairing is to reduce the form and interference drag and smoothen the aircraft surface.

The global aircraft fairings market is segmented based on aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, and general aviation. Wide- and narrow-body aircraft are likely to remain the growth engines of the aircraft fairings market, 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 during the period.

Based on the application type, the global aircraft fairings market is segmented as the wing-to-body fairing, flap support fairings, engine cowls, vertical fin fairings, and others. Wing-to-body fairing dominates the global aircraft fairings market and is projected to remain dominant over the next five years. Wing-to-body fairing not only joints wings to the fuselage but also provides a housing for the landing gear, fuel, and various inlets and exhausts.

The engine cowls segment is likely to witness the highest growth over the next five years, propelled by the development of high-thrust engines with the high focus on improving the fuel efficiency. Engine cowls are one of the major components of the aircraft engine and nacelle system. They reduce parasitic drag by reducing the surface area and provide a smooth surface thus leading to laminar flow.
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Based on the material type, the global aircraft fairings market is segmented as composites and metals. Composite is expected to remain the most dominant material type in the global aircraft fairings market during the forecast period. This material type is also projected to witness the highest growth during the forecast period, driven by advantages of high strength-to-weight ratio, excellent corrosion resistance, high fatigue resistance, and lightweight.

Based on the regions, North America is expected to remain the largest market for the aircraft fairings during the forecast period as the region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized OEMs, tier players, fairing manufacturers, nacelle component manufacturers, distributors, and raw material suppliers. Asia-Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft and the world’s largest commercial aircraft fleet size.

The supply chain of this market comprises raw materials suppliers, fairing manufacturers, distributors, aircraft OEMs, and airline companies. The key aerospace OEMs are Boeing, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and key airline companies are Lufthansa, Delta Air, Air China, and Singapore Airlines.

The key fairing manufacturers are FACC AG, UTC Aerospace Systems, CTRM Aerocomposites Sdn Bhd, Alenia Aermacchi S.p.A. Korean Air Aerospace Division, Triumph Group, Inc., Boeing Canada Winnipeg, and ShinMaywa Industries Ltd. Advancement in technology and the formation of long-term contracts are some of the key strategies adopted by the key players to gain a competitive edge in the market.
Report Features

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 into 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:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The aircraft fairings market is segmented into the following categories.
Aircraft Fairings Market by Aircraft Type:
• Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market by Application Type:
• Wing-to-Body Fairing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Flap Support Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Engine Cowls (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vertical Fin Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market by Material Type:

• Composite Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Metal Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market by Manufacturing Process:
• Prepreg Layup Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Stamping Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Processes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aircraft Fairings Market by Region:
• North America (Country Analysis: The USA, and Rest of North America)
• Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Latin America, The Middle East, and Others)



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Category: Aerospace & Defense
https://www.stratviewresearch.com/202/aerospace-fairings-market.html

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life