The Market of Aircraft Films to grow beyond US$ 1.3 billion by 2024

The new report of Stratview Research analyses the Aircraft Films 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

An overview: Increase in penetration of composites in structural applications

The aircraft films market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 1.3 billion in 2024. The tremendous growth in the aircraft films market is primarily attributed to the substantial increase in penetration of composites in structural applications of aircraft. Aircraft manufacturers are increasingly incorporating advanced composites in the crucial sections of their latest aircraft in order to address the airlines’ requirement of more fuel-efficient aircraft.

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Commercial aircraft: The growth engine
The market is segmented based on the aircraft type into commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopter. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); market entry of new aircraft (C919 and MC-21); increasing demand for high-quality and lightweight parts in the aerospace industry; and rising aircraft fleet size; are the major factors driving the growth of films in the commercial aircraft segment.

Dominance of: Decorative films and Interiors segment
Based on the film type, the market is segmented into decorative films, surfacing films, insulation films, adhesive films, and others. Decorative films are expected to remain the largest segment of the aircraft films market over the next five years. Decorative films are mainly applied to the different interior components of an aircraft, such as interior panels, door linings, lavatories, cargo linings, galleys, closets, overhead stowage bins, bulkhead partitions, trolleys, and other personal service units (PSUs). These decorative films are visible to the passengers and are applied to those parts which are in direct contact with them. The decorative films are generally suitable for any surface of the aircraft cabins, which is not upholstered or carpeted.

Based on the application type, the market is segmented into interiors, fuselage, flight control surfaces, wings, and others. The interiors segment is expected to dominate the market during the forecast period, owing to the widespread usage of decorative, protective, and adhesive films in aircraft interiors to deliver passenger safety, provide aesthetically pleasing interiors, protect against scratch and moisture, and hold interior panels intact. Other applications segment majorly includes radomes, engine bulkheads, engine bays, exhaust runs, and fuel system components.

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A highly/moderately/fragment consolidated Market
The key aircraft film manufacturers are The 3M Company, Axiom Materials, Inc., The Boeing Company, Compagnie de Saint-Gobain S.A., DUNMORE Corporation, E. I. du Pont de Nemours and Company, Gurit Holding AG, Henkel AG & Co. KGaA, Hexcel Corporation, ISOVOLTA AG, Park Electrochemical Corporation, Schneller LLC, Solvay S.A., and Toray TCAC Holding B.V. Development of high-performance aircraft films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Regional Hegemony of North America
North America is expected to remain the largest market for aircraft films during the forecast period. The USA is the growth engine of the region’s market with the presence of all the major aircraft OEMs, tier players, material suppliers, and aircraft film suppliers. In the region, all the major aircraft film suppliers have high proximity to major tier players and OEMs in order to become the partner for their upcoming programs as well as to cater the demand generated from OEMs as well as airlines.

Comprehensive Market Coverage
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This release was published on openPR.