Aircraft Fairings Market to Account Significant Industry Share Via Composites Sector By 2025

Based on material the aircraft fairings market is segmented into composite, metal, and alloy. Composites will account for a significant share owing to the benefits offered including lower weight, higher corrosion resistance, and ability to withstand high temperatures. Moreover, the complex geometry structures of the materials enable for superior durability, thereby expanding the segment share over the study timeframe.

Based on application, the aircraft fairings market is segmented into engine, fuselage, cockpit, nose, and landing gear. Fuselage will account for a significant share owing to the major portion of the aircraft designed to accommodate passenger, crew, and cargo. Moreover, industry players are engaged in securing long term contracts with aircraft manufacturers to expand their market share. For instance, in June 2017, FACC AG announced the extension of its C-Series wing to body composite fairing contract with Bombardier.

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Based on aircraft, the aircraft fairings market size is segmented into commercial aircrafts, regional jets, business jets, helicopter, and military aircraft. The commercial aircraft is expected to hold dominance in the industry owing to increasing aircraft deliveries across the globe. Airliners globally are ordering new aircrafts for catering to the rising air consumer demand. For instance, in June 2019, American Airlines announced the order of 50 new A321XLR models for replacing its 757 and 767 aircraft fleet.

Based on distribution channel, the aircraft fairings market share is bifurcated into OEM and aftermarket. OEMs will account for a significant share on account of increasing aircraft production across the globe. Moreover, aircraft manufacturers are expanding their production facilities to increase their production output and cater to the rising demand. For instance, in January 2018, Airbus announced its plans to expand its China production facility for catering to the rising demand from Asian Airlines.

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Asia Pacific will showcase strong growth potential in the aircraft fairings market share owing to rising air passenger travel across the region. The increasing demand for low cost carriers along with the expanding network routes offering low fares flights to varied destinations are expected to positively influence the regional share expansion. The improving airport infrastructure along with proliferating tourism industry are providing a positive outlook for the market share expansion.

The prominent industry participants in the aircraft fairings market share includes Daher, Boeing, Airbus S.A.S., Barnes Group, Avcorp Industries Inc., Strata Manufacturing, Malibu Aerospace, NORDAM, SAAB, and Royal Engineered Composites. The other players include Kaman AeroSystem, ShinMaywa, Fiber Dynamics, UTC Aerospace System, and AAR Corp. Industry players are adopting multiple strategies including long term contracts with aircraft manufacturers to enhance their revenue share. For instance, in 2018, Strata was awarded a contract by Pilatus for manufacturing belly fairings for the PC-24 aircrafts.

The aircraft fairings market participants are further partnering with additive manufacturers to develop advanced 3D printing technologies for interior components of aircrafts. Such partnerships will further boost the industry profits owing to cost effective manufacturing processes. For instance, in January 2017, Strata and Siemens entered into a strategic partnership to develop 3D-printed aircraft component technology.

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