Aircraft Enclosures Market is Forecasted to Reach US$ 1.3 Billion in 2027, Says Stratview Research

The global aircraft enclosures market is projected to witness a growth rate of 9.0% annually from 2022 to 2027, with an anticipated size of US$ 1.3 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm, has launched a report on the global aircraft enclosures market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more

Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/479/aircraft-enclosures-market.html#form

Market Statistics:
Market Size in 2027: US$ 1.3 billion
Growth (CAGR): 9.0% during 2022-2027
Leading Aircraft Type: Commercial Aircraft
Leading Material Type: Aluminum Enclosures
Leading Application Type: Avionics
Leading Process Type: Stamping
Leading Region: North America
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Aircraft Enclosures Market:

The global aircraft enclosures market is segmented based on aircraft type, material type, application type, process type, and region.

Based on aircraft type - The market is bifurcated into commercial aircraft, regional aircraft, military aircraft, and others. Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key aircraft programs, increasing preference for composite enclosures, high focus on passenger safety, and increasing use of avionics are some of the key factors, which are likely to aid the growth of the segment's demand for enclosures in the coming years.

Based on material type - The market is segmented into aluminum enclosures, composite enclosures, and other enclosures. Aluminum enclosure is expected to lead the market during the forecast period, owing to its superior mechanical, thermal, and electrical properties. However, composite enclosure is set to grow at the highest rate over the same period. Composite enclosures bring several advantages to the table including lightweight, durability, and the ability to mold in complex shapes. Composite enclosures can be easily customized with shielding, circuit traces, embedded antennas, and other components.

Based on application type - The market is segmented as avionics, in-flight entertainment, embedded computing, and others. Among these application types, avionics dominates the market and is likely to maintain its incontestable lead during the forecast period as well. Airlines are increasingly seeking to refurbish aging fleets, with a sharp focus on greater fuel economies, reducing CO2 emissions, newer navigation equipment, and flight management systems enabled for connectivity. Development in avionics subsystems such as enhanced vision system (EVS), automatic dependent surveillance-broadcast (ADS-B), attitude heading reference system (AHRS), and automated flight control, can be one of the factors driving the growth of the aircraft enclosures market.

Based on material type - The market for enclosures for the aircraft industry is segmented as stamping, injection molding, and others. Stamping is estimated to remain the most dominant manufacturing process for the construction of metal enclosures during the forecast period. The process offers several advantages, such as faster part cycle time and fewer defects, which leads to a lower overall production cost. Temperature monitoring during the stamping process provides additional advantages such as improved part quality and process consistency. Injection molding process is likely to grow at the highest CAGR over the next five years. Composite enclosures are predominantly manufactured with high-temperature moldable thermoplastic resins, such as PPS and PEEK, which are preferably processed with an injection molding process.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest region in the market for aircraft enclosures during the forecast period. This growth outlook is majorly attributed to the following-
· The region is likely to witness healthy growth in the coming years. The USA is the growth engine of the North American aircraft enclosures market.
· The presence of major aircraft manufacturers and tier players primarily drives the demand for enclosures in the country.
· The country is not only the largest market in North America, but it is also the largest market in the world.

Likewise, Asia-Pacific is likely to depict the highest growth during the same period, driven by China, India, and Japan. All these three countries are likely to remain the growth engines of the region's market for aircraft enclosures over the next five years.

Aircraft Enclosures Market Drivers:

Some of the key drivers listed in the report are given below.
• Organic growth of aircraft production to support the rising passenger and freight traffic
• Increasing demand for lightweight enclosures
• Growing use of avionics in next-generation aircraft
• Advancement in aircraft electronics

Top Companies in the Aircraft Enclosures Market:

With the increasing demand for aircraft enclosures, the market players expect to have profitable growth prospects in the future. Stratview Research has identified the following companies as the top market players:
• Collins Aerospace
• Honeywell Aerospace
• Thales Group
• Carlisle Interconnect Technologies
• Curtiss-Wright Corporation

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us -
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.