Industry Potential - Aircraft Door Market set for massive growth to 2025 | Key Manufacturers: BOMBARDIER, Airbus, Aernnova Aerospace, STELIA Aerospace, Saab, LATÉCOÈRE, Elbit Systems, CHC Helicopter
Latin America aircraft doors market share will witness over 6.5% CAGR over study timeframe with rising aircraft fleets. Airliners are continuously expanding commercial and regional jet fleets to accommodate larger number of passengers. For instance, in July 2018, Embraer received an order of over 20 regional jets from Azul Linhas Aereas Brasileiras. Middle East & Africa is at nascent stage and bound to witness significant growth owing to proliferating tourism industry.
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North America dominates aircraft doors market size owing to the presence of major airplane manufacturers such as Bombardier Aerospace, Boeing, and Lockheed Martin. Moreover, presence of large number of airports handling large traffic will positively influence the product demand. Asia Pacific will exhibit a robust growth with improving economic conditions and emergence of low-cost carriers.
Hydraulic operating mechanism will register around 5.5% CAGR by 2025 owing to growing adoption of automatic actuation mechanisms for easy operation. The system allows superior accuracy and require less maintenance. Ongoing innovations offering high power to weight ratio and self-contained systems will induce significant potential in hydraulic aircraft doors market size. However, rising concerns for system reliability in adverse weather conditions will limit its growth in aircraft doors marketplace.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Aernnova Aerospaces S.A
2. Airbus SE
3. Apex Industries
4. Arnprior Aerospace Inc.
5. AVIATION TECHNICAL SERVICES
6. Bombardier Aerospace
8. DAHER SOCATA
9. Elbit Systems Ltd
10. Field Aviation
11. Hellenic Aerospace Industry
12. Hindustan Aeronautics Limited
13. KF Aerospace
15. MITSUBISHI HEAVY INDUSTRIES, LTD
16. SAAB AB
17. STELIA Aerospace
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In 2018, commercial aircrafts accounted for over 45% in aircraft doors market size owing to continuous increase in airplane deliveries. According to CAPA, in 2017, the commercial airlines deliveries rose to over 31,000 with an increase of around 4% as compared to 2016. Moreover, rising disposable income in conjunction with annual spending in emerging nations is scaling up the air carrier deliveries thereby enhancing the market share.
Cargo doors is expected to witness significant gains over the forecast period with rise in cargo transport. According to IATA, in 2018, the air cargo transportation crossed 60 million tonnes with an increase of around 4.5% as compared to 2017. Air cargo transportation holds significant share and accounts for over 35% global trade by volume. Airliners such as Cathway Pacific Airways are amplifying load bearing capacity to support cargo industry. Moreover, installation of separate cargo specific doors in areas such as bottom of upswept aft portion on underside of the fuselage to ease loading and unloading will support aircraft doors market growth.
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Aircraft doors industry is consolidated with presence of major market participants including Latecoere, Saab AB, Mitsubishi Heavy Industries, Elbit Systems, and Aernnova Aerospace S.A. Manufacturers are strengthening their R&D capabilities for developing innovative solutions incorporating advanced mechanics and electrical actuation. For instance, in 2017, Latecoere introduced NexGED door under the ASGARD project substituting mechanical parts with electric activation. Moreover, industry players are undergoing strategic collaboration with the airplane manufacturers for providing customized solutions.
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