Press release
Global Aircraft Fairings Market Worth $2.75 Billion by 2029, Growing at 7.1% CAGR
Aircraft Fairings
Aircraft Fairings Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, the aircraft fairings market has experienced significant growth. The market is projected to expand from $1.94 billion in 2024 to $2.09 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.8%. The growth during the historic period is likely due to factors such as the expansion of the dairy industry, benefits of crop rotation, increased hay export markets, boost in biofuel and energy production, and a rising demand for organic feed.
What Is the Expected CAGR for the Aircraft Fairings Market Growth Through 2029?
The market size of aircraft fairings is set to witness a robust growth in the upcoming years, elevating to $2.75 billion by 2029 at a compound annual growth rate (CAGR) of 7.1%. The expansive growth during the forecast period can be ascribed to elements like sustainable agriculture practices, rise in livestock industries, research and breeding programs, and the demand for high-quality forage, in addition to water-efficient farming methods. The forecast period will also see trends such as adoption of superior varieties, precision farming technologies, resilience to drought, innovations in collection and storage practices, organic alfalfa production, and the rise of biofuel and bioprocessing.
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What Are the Primary Drivers Behind Aircraft Fairings Market Growth?
The surge in aircraft demand is projected to stimulate growth in the aircraft fairing market. Aircraft, specifically fixed-wing types, are designed for air travel. They come in various forms and are employed for numerous purposes. The incorporation of aircraft fairings into lightweight aircraft can yield numerous benefits, such as creating a streamlined silhouette and minimizing drag. This enhances the aircraft's aerodynamics, leading to improved fuel efficiency and decreased expenses for the aerospace industry. Illustratively, in January 2023, Airbus, an aerospace firm located in France, completed 661 deliveries to 84 clients, marking an increase of 8% compared to 2021. Moreover, in March 2023, the Lufthansa Group, a German airline enterprise, partnered with Airbus to incorporate 10 Airbus A350-1000s and 5 Airbus A350-900s into its roster. As a result, the escalating demand for aircraft is anticipated to fuel the expansion of the aircraft fairing market.
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What Are the Key Segments Driving Aircraft Fairings Market Growth?
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), Aftermarket 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
What Are the Technological Trends Impacting the Aircraft Fairings Market?
The aircraft fairing market is witnessing a noteworthy trend with product innovation being at the forefront. Top industry players in the market are seeing development of innovative offerings as a way to consolidate their market position and create an edge over their competition. Case in point, Aero Design Labs, a company from the US involved in aircraft fairings, rolled out an aerodynamic drag-reduction system kit for the Boeing 737NG in June 2022, known as the ADL ADRS-1 kit. The kit stands out with its distinct features including updated fairings, refined flap track fairing tips, wheel-well fairings improvements, and vortex generators; all aiming to diminish fuel usage and CO2 emissions.
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Who Are the Major Competitors in the Global 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 Region Dominates the Aircraft Fairings Market Share in 2025?
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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