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Securing Skies: Innovations in Aircraft Door Technology
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According to The Business Research Company's, The aircraft doors market size has grown strongly in recent years. It will grow from $5.29 billion in 2023 to $5.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to aircraft fleet expansion, regulatory standards, commercial air travel, the increase in global air travel, military modernization.
The aircraft doors market size is expected to see strong growth in the next few years. It will grow to $8.20 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to electric and hybrid aircraft, urban air mobility, remote and unmanned aircraft, space tourism and exploration, green aviation initiatives. Major trends in the forecast period include technological advancements, electro-mechanical braking, advanced friction materials, wireless brake monitoring, advanced anti-skid technology
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Market Drivers and Trends:
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. In 2021, the two OEMs together delivered 898 aircraft. The two OEMs delivered a combined total of 766 commercial aircraft during the first three quarters of 2022. Therefore, the growth of aircraft production is driving the growth of the aircraft doors market.
Technological advancements are the key trends gaining popularity in the aircraft doors market. Major companies operating in the aircraft doors market are developing advanced technologies to sustain their position. For instance, in April 2021, All Nippon Airways Co., Ltd., a Japan-based airline company, partnered with JAMCO Corporation to develop the first hands-free door in the world, enabling simple access to restrooms on its aircraft. Passengers can use their elbows to unlock the hands-free door, which has a large inner door locking knob and an additional handle.
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Major Key Players of the Market:
Hindustan Aeronautics Limited, Bombardier Inc., Aernnova Aerospace S.A., Groupe Latécoère, Saab AB, Elbit Systems Ltd., Triumph Group Inc., Collins Aerospace, Mitsubishi Heavy Industries Ltd., Hellenic Aerospace Industry, Safran S.A., Arnprior Aerospace Inc., Airbus Helicopters SAS, Avians Innovations Technology Pvt. Ltd., Groupe Latécoère, GKN Aerospace (GKN plc), The Boeing Company, Lockheed Martin Corporation, Leonardo S.p.A., Textron Inc., Spirit AeroSystems Inc., Embraer S.A., Kawasaki Heavy Industries Ltd., Honeywell Aerospace, Pratt & Whitney, Rolls-Royce Holdings plc, General Electric Aviation, Israel Aerospace Industries, United Technologies Corporation, Zodiac Aerospace, Jamco Corporation, Singapore Technologies Engineering Ltd Aerospace
Aircraft Doors Market 2024 Key Insights:
• The aircraft doors market size is expected to see strong growth in the next few years. It will grow to $8.20 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Surging Aircraft Production Powers Growth Of Aircraft Doors Market
• The Emergence Of Advanced Technologies In The Aircraft Doors Market
• North America was the largest region in the aircraft doors market in 2023
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