Aircraft Fairings Market Worth US$ 1,430.6 million in 2023

Stratview Research announces the launch of a new research report on Aircraft Fairings Market. This report, from Stratview Research, studies the global aircraft fairings market in the aerospace industry over the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Aircraft Fairings Market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
● by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others) – Wide- and narrow-body aircraft remains the growth engines of the market.
● by Application Type (Wing-to-Body Fairing, Flap Support Fairings, and Others) – Wing-to-body fairing to remain most dominant application.
● by Material Type (Composite Fairings and Metal Fairings) – Composite remains the most dominant material type.
● by Manufacturing Process Type (Prepreg Layup Process, Stamping Process, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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The Aircraft Fairings Market Insights

The 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 aircraft fleet size are the major drivers of the aircraft fairings market.

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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 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 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 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.

Based on the material type, the aircraft fairings market is segmented as composites and metals. Composite is expected to remain the most dominant material type in the 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

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