Press release
Global Aerospace Fairing Market set to grow 2018-2024 Key Players are UTC Aerospace Systems, Boeing Canada Winnipeg, FACC AG, CTRM Aerocomposites, Korean Air Aerospace Division, Alenia Aermacchi
Aerospace Fairing Market
Aerospace Fairing Market is divided into flap support fairing, wing to body fairing, vertical fin fairing, engine cowls and others. Engine cowl segment is anticipated to grow at a significant rate over the forecast timeframe as it is one of the major part of aircrafts engine & nacelles system that focuses on improving the fuel efficiency of high thrust engines.
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Rising demand of light-weight fairings along with increasing commercial aircrafts production due to rising passenger footfall and cargo traffic will further propel the industry growth till 2024. Fairings contribute significantly to the aerodynamics and is used to protect systems and structures from unfavorable external environmental factors, escalating the revenue generation.
Top Key Players:-
The key players of global Aerospace Fairing Market are FACC AG, Boeing Canada Winnipeg, UTC Aerospace Systems, CTRM Aerocomposites, Korean Air Aerospace Division, Alenia Aermacchi.
Regional Segmentations:-
Asia Pacific is anticipated to be the largest region for aerospace fairing market over the coming years followed by Europe and North America. The high revenue generation can be attributed to increasing airport developments across the region. 346 new airport developments going on worldwide out of which over 50% are in Asia Pacific. Asia currently accounts for 27% of the global air traffic.
North America is expected to witness significant growth in the aerospace fairing industry over the next eight years as the region possesses largest operating fleet followed by Asia pacific. North America is manufacturing capital of the aerospace industry with favorable regulatory landscape. Moreover, the presence of several established original equipment manufacturers (OEMs), fairing & nacelles component manufacturers, raw materials suppliers and distributors will support the regional growth.
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U.S. is witnessing high civil aircraft production and is offering numerous opportunities for investment in large civil aircraft supply chain. Federal government has executed improvements for export control regulation, creating a transparent, predictable and efficient technology control regime. Owing to this, various aerospace products lying under export administration regulation can now be exported from the country without export license.
By material, the industry can be segmented into composite and metals. Composites are anticipated to witness high growth over the coming years owing to provision of the benefits such as excellent corrosion resistance, strength to weight ratio, lightweight and high fatigue resistance.
Based on manufacturing process, aerospace fairings market can be segmented into stamping, prepreg layup process, and other techniques. Prepreg layup process is expected to showcase an exponential growth till 2024 owing to its high usage in aerospace industry as it uses prepreg which induces high fiber volume fraction composite parts and has ability to manufacture simple to complex parts.
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