The Market of Aircraft Enclosures to grow beyond US$ 1,425.3 million by 2024

The new report of Stratview Research analyses the Aircraft Enclosures market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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https://www.stratviewresearch.com/Request-Sample/479/aircraft-enclosures-market.html

An overview: The need for greater fuel efficiency

The aircraft enclosures market is projected to grow at a healthy rate over the next five years to reach US$ 1,425.3 million in 2024. Organic growth of the aircraft production to support the rising passenger and freight traffic, increasing demand for lightweight enclosures, increasing use of avionics in the next-generation aircraft, and advancement in aircraft electronics are some of the key factors that are proliferating the demand for enclosures in the aircraft industry.

Enclosures in an aircraft are the cases or cabinets used to protect critical electronic components. Reduction in thermal loads, protection against aircraft fluids, protection from environment, and shielding against EMI as well as static electricity are some of the essential functions performed by enclosures of an aircraft. Over the period, there has been a drastic transformation in the design, material, as well as the size of enclosures used in the aircraft industry. The major players have been developing advanced lightweight enclosures in order to assist airframers in achieving their goal of developing fuel-efficient aircraft.

Commercial aircraft: The growth engine

The market is segmented based on the aircraft type as Commercial Aircraft, Regional Aircraft, Military Aircraft, and Others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key aircraft programs, increasing preference of composite enclosures, high focus on passenger safety, and increasing use of avionics are some key factors, which are likely to aid growth to the segment’s demand for enclosures in the coming years.

Dominance of: Avionics segment and Aluminum enclosure

Based on the application type, the market is segmented as Avionics, In-Flight Entertainment, Embedded Computing, and Others. The avionics segment is likely to remain the most dominant application type in the aircraft enclosures market over the next five years. Airlines are increasingly seeking to refurbish aging fleets, with a sharp focus on greater fuel economies, reducing CO2 emissions, newer navigation equipment, and flight management systems enabled for connectivity.
Development in avionics subsystems such as the enhanced vision system (EVS), automatic dependent surveillance-broadcast (ADS-B), attitude heading reference system (AHRS) and automated flight control can be one the reason to drive the aircraft enclosures market.

Based on the material type, the market is bifurcated into Aluminum Enclosures, Composite Enclosures, and Other Enclosures. Aluminum enclosure is estimated to maintain its dominance in the market in the foreseen future, owing to its superior mechanical, thermal, and electrical properties. However, composite enclosure is set to grow at the highest rate over the same period. Composite enclosure brings several advantages to the table including lightweight, durable, and ability to mold in complex shapes. Composite enclosures can be easily customized with shielding, circuit traces, embedded antennas, and other components.

A highly/moderately/fragment consolidated Market

The key aircraft enclosure manufacturing companies are Carlisle Interconnect Technologies Inc., Garmin Ltd., Collins Aerospace, Ducommun Incorporated, Honeywell International Inc., Thales S.A., and TE Connectivity. Development of lightweight, compact size enclosures and collaboration with OEMs and system suppliers for the joint development of enclosure are some of the strategies adopted by the major players in order to gain a competitive edge in the market.

Regional Hegemony of North America & the Stamping process

In terms of region, North America is set to remain the largest market during the forecast period. The USA is the growth engine of the North American aircraft enclosures market. Presence of major aircraft manufacturers and tier players primarily drive the demand for enclosures in the country. The country is not only the largest market in North America, but it is also the largest market in the world. Asia-Pacific is likely to depict the highest growth during the same period, driven by China, India, and Japan. All these three countries would remain the growth engines of the region’s market for aircraft enclosure over the next five years.

Based on the process type, the market is segmented into Stamping, Injection Molding, and Others. Stamping is estimated to remain the most dominant manufacturing process for the construction of metal enclosures during the forecast period. The process offers several advantages including faster part cycle time and reduced defects, which lead to the overall lower production cost. Monitoring temperature during the stamping process offers additional advantages including improvement in parts quality and process consistency.

Comprehensive Market Coverage

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This release was published on openPR.