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Comprehensive 2025 Aircraft Fairings Market Overview: Trends, Forecasts, and Growth Drivers
Aircraft Fairings
What Is the Expected CAGR for the Aircraft Fairings Market Through 2025?
In recent times, the size of the aircraft fairings market has witnessed considerable growth. It's projected to expand from $1.94 billion in 2024 to $2.1 billion in 2025, marking a compound annual growth rate (CAGR) of 8.5%. This surge during the historic period is a result of several factors including the growth of the dairy industry, the benefits of crop rotation, an upswing in the hay export market, increased biofuel and energy production, and a rising demand for organic feed.
What's the Projected Size of the Global Aircraft Fairings Market by 2029?
The size of the aircraft fairings market is anticipated to experience robust growth in the coming years. It is predicted to increase to "$2.82 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. This expected growth in the forecast period can be linked to the adoption of sustainable farming methods, the growth of animal farming industries, research and breeding initiatives, and the demand for high-quality forage and water-conserving agricultural techniques. Noteworthy trends expected within the forecast period include the embracing of improved crop types, precision farming technologies, drought-tolerant varieties, advances in harvest and storage techniques, organic alfalfa production, and the rise in biofuel and bioprocessing.
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Top Growth Drivers in the Aircraft Fairings Industry: What's Accelerating the Market?
The aircraft fairing market is anticipated to be propelled by the heightened demand for aircraft. Generally, an aircraft is a fixed-wing device built for aerial travel. They exist in multiple forms and serve a variety of purposes. Employing aircraft fairings in lightweight aircraft presents plenty of benefits. They create a smooth contour, decrease drag, and enhance the aircraft's aerodynamics. Consequently, this improves fuel efficiency and cuts costs for the aerospace industry. For example, in January 2023, Airbus, an aerospace business based in France, delivered to 84 clients, summing up to 661 deliveries, marking an 8% rise from 2021. Additionally, in March 2023, the Lufthansa Group, an airline corp based in Germany, made a deal with Airbus to include 10 Airbus A350-1000s and 5 Airbus A350-900s to its fleet. Hence, the escalation in demand for aircraft is likely to stimulate the aircraft fairing market's growth.
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What Trends Will Shape the Aircraft Fairings Market Through 2029 and Beyond?
A significant trend emerging in the aircraft fairing market is product innovation. The major players in this market are concentrating on creating innovative products to cement their market presence and achieve a competitive edge. For instance, Aero Design Labs, a company based in the US that specializes in aircraft fairings, introduced an aerodynamic drag-reduction system kit for the Boeing 737NG, named the ADL ADRS-1 kit, in June 2022. This product boasts distinctive features such as updated fairings, adjusted flap track fairing tips, enhanced wheel-well fairings, and vortex generators, all aimed at reducing fuel usage and CO2 emissions.
What Are the Main Segments in the Aircraft Fairings Market?
The aircraft fairings market covered in this report is segmented -
1) By Material: Aluminum, Composite, Alloys
2) By Application: Fuselage, Engine, Control Surfaces, Radars And Antennas, Landing Gear
3) By Sales Channel: Original Equipment Manufacturer (OEM), After market Services
4) By End-User: Commercial, Military, General Aviation
Subsegments:
1) By Aluminum: 2024 Aluminum, 6061 Aluminum, 7075 Aluminum
2) By Composite: Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP), Aramid Fiber Reinforced Polymer (AFRP)
3) By Alloys: Titanium Alloys, Magnesium Alloys, Steel Alloys
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Which Top Companies are Driving Growth in the Aircraft Fairings Market?
Major companies operating in the aircraft fairings market include Avcorp Industries Inc., FACC AG, Royal Engineered Composites, ShinMaywa Industries Ltd., Airbus SE, Barnes Group Inc., The Boeing Company, Daher, Arnprior Aerospace Inc., Fdc Composites Inc., Fiber Dynamics Inc., Kaman Corporation, McFarlane Aviation Inc., Stene Aviation Inc., Patria Aerostructures Oy, Ducommun Incorporated, Saab AB, Malibu Aerospace LLC, Strata Manufacturing PJSC, Turkish Aerospace Inc., Premium AEROTEC, NORDAM GROUP LLC, GKN Aerospace Services Limited, Spirit AeroSystems Holdings, Triumph Group Inc., RTX Corporation, Bombardier Inc., Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., Leonardo S.p.A.
Which Regions Will Dominate the Aircraft Fairings Market Through 2029?
North America was the largest region in the aircraft fairings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global aircraft fairings market during the forecast period. The regions covered in the aircraft fairings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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