Press release
Aircraft Doors Global Market Expected to Reach $8.2 Billion at a CAGR of 9.1% By 2028 | Key Players: Aernnova Aerospace S.A., Groupe Latécoère, Saab AB, Elbit Systems Ltd., Triumph Group Inc.
Aircraft Doors Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Aircraft Doors industry. This report on Aircraft Doors market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The aircraft doors market size has grown strongly in recent years. It will grow from $5.3 billion in 2023 to $5.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed in the historical period can be attributed to factors such as economic growth, fleet expansion, adherence to safety and security regulations, an increase in air traffic, and a rise in government investments in the aviation sector. The aircraft doors market size is expected to see strong growth in the next few years. It will grow to $8.2 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
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Key Market Players:
Bombardier Inc., Aernnova Aerospace S.A., Groupe Latécoère, Saab AB, Elbit Systems Ltd., Triumph Group Inc., The Progressive Corporation are prominent players in the Aircraft Doors industry.
Market Drivers:
The growth of aircraft production is expected to propel the growth of the aircraft doors market going forward. Aircraft production refers to the manufacturing of aircraft, which is a vehicle that can fly. The aircraft doors such as passenger exit doors, emergency exit doors, and service doors are fixed in the aircraft while manufacturing an aircraft. The aircraft doors maintain the necessary internal pressure of an aircraft and ensure the safety of the aircraft. For instance, in November 2022, according to a report published by CAPA - Centre for Aviation, Airbus and Boeing, OEMs expect to deliver more than 1000 aircraft in 2022, and both plans call for stepping up production even more in 2023.
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Market segments for Aircraft Doors include:
1) By Door Type: Passenger Doors, Cargo Doors, Emergency Doors, Service or Access Doors, Landing Gear Doors, Other Door Types
2) By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Body Aircraft, Regional Aircraft
3) By Operating Mechanism: Manual, Hydraulic
4) By Application: Commercial Aviation, Military Aviation
5) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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