Fuselage Market Next Big Thing | Prominent Companies: Messier-buggati-Dowty, Goodrich Corp., Airbus, Easterline, Triumph Group Inc, GKN Aerospace, Aernnova, Ostseestaal
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COVID-19 scenario analysis:
The aerospace industry was negatively impacted by the global lockdowns and restrictions imposed on businesses worldwide due to COVID-19 pandemic.
Fuselage manufacturers have faced operational issues due to the breakout of COVID-19 which caused reduced availability of manpower and further delayed the deliveries.
Outbreak of COVID-19 has increased the demand for unmanned aerial vehicle (UAV) market which helps in revival of fuselage market.
Huge financial losses were incurred by the aviation industry due to fall in air passenger traffic after the upsurge in COVID-19 cases and reduced the market of maintenance, repair and operations (MRO) market.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Hike in demand of UAVs for commercial and military, increase in adoption of composite materials, and rise in technological advancements are the factors that moves the demand for fuselage market. However, composite materials non-recyclability and non-degradability issues hinder the market growth. Contrarily, reduction in overall weight of the aircraft and better air penetration capabilities for the aircraft promotes better business opportunities for the fuselage market.
The fuselage market trends are as follows:
Hike in demand of UAVs for commercial and military
Unmanned aerial vehicle (UAV) have evolved remarkably and became more affordable and posted exceptional growth in business over the last decade in both commercial and military sectors. Moreover, increased usability of UAVs in multiple fields such as surveying, monitoring and delivery have positively impacted the market growth of fuselage market. For instance, U.S. FAA registered about one million UAVs in March 2018 which included 122,000 commercial and 878,000 hobbyist drones. In 2017, according to NPD a global information provider, small and medium sized drone market segments of the drone industry contributed for the 69% of the total revenue of the industry. Therefore, continuous growth of UAV sales globally boost the overall fuselage market.
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Increase in adoption of composite materials
Composite materials namely carbon fiber composites provide additional strength to the structure and also reduces the weight. Composite materials are being adopted quickly by the fuselage manufacturers to improve the fuel efficiency and corrosion resistance. For instance, Bell Boeing V-22 an American multi-mission aircraft with capability for both short takeoff and landing (STOL) and vertical takeoff and landing (VTOL) uses composite materials for the fuselage and 43% of the aircraft is made up of composite material and the 400th aircraft was delivered to the US army in June,2020. The surge in demand for efficient and versatile aircraft made up of composite materials escalates fuselage market.
Key benefits of the report:
• This study presents the analytical depiction of the fuselage industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the fuselage market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the fuselage market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed fuselage market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions answered in the fuselage market research report:
• Which are the leading market players active in the fuselage market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?
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