Press release
Aircraft Slat Systems Market is Forecasted to Reach US$0.6 Billion in 2026, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global Aircraft Slat Systems market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2238/aircraft-slat-systems-market.html#form
Market Statistics:
Market Size in 2026: US$0.6 billion
Growth (CAGR): 7.9% during 2021-2026
Leading Aircraft Type: Commercial Aircraft
Leading Material Type: Aluminium
Leading Component Type: Direct Sales
Leading Region: North America
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights & Market Share Analysis of the Aircraft Slat Systems Market:
The global Aircraft Slat Systems market is segmented based on Aircraft type, Material type, Component type, and Region.
Based on the aircraft type -
- The market is segmented into commercial aircraft, regional aircraft, military aircraft, and general aviation.
- Commercial aircraft is expected to remain the largest segment of the market, and it held a revenue share of more than 65% in 2020. The vast pile of aircraft order backlogs of Boeing and Airbus along with the expected entry of upcoming aircraft programs such as C919, B777X, and MC-21, are some major factors that are likely to strengthen the segment's market growth shortly.
Based on the material type -
- The market is segmented into aluminum and others.
- Aluminum is projected to be the leading segment of the market, with a revenue share of more than 80% in 2020. Slats are located on the leading edge of the wing, which exposes it to rain, dirt, hail, etc., which might cause erosion to the slat and its support structures. Aluminum's high resistance to corrosion, high strength-to-weight ratio, and low cost make it the most preferred choice for slat systems.
Which region shows the most promising growth forecast and opportunity?
- North America is expected to remain the largest region in the market, and it held a revenue share of more than 50% in 2020. The USA is the growth engine of the region's market, as it is the manufacturing powerhouse of the aerospace industry, creating a humongous demand for aircraft slat systems in the country.
- Asia-Pacific is likely to mark the fastest recovery during the forecast period, majorly due to the long-term growth opportunities, particularly in China, India, and Japan.
Aircraft Slat Systems Market Drivers:
Some of the key drivers listed in the report are given below.
- Rising Demand for Fuel-Efficient Aircraft: Slat systems enhance aerodynamic performance, directly contributing to lower fuel consumption.
- Growth in Commercial and Regional Aviation: Expanding airline fleets and new route developments increase demand for advanced high-lift systems.
- Technological Advancements in Actuation Mechanisms: Integration of electro-mechanical and smart actuation systems improves reliability and control precision.
- Stringent Safety and Performance Regulations: Compliance with evolving aerodynamic and safety standards drives innovation in slat design and materials.
- Increased Aircraft Production and Deliveries: OEM ramp-ups for next-generation aircraft programs sustain strong demand for slat system components.
Competitive Landscape: Top Companies in the Aircraft Slat Systems Market:
Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the Aircraft Slat Systems Market:
• Sonaca Group
• Spirit AeroSystems, Inc.
• Triumph Group Inc.
• Korea Aerospace Industries, Ltd.
• ASCO
• Turkish Aerospace
• GKN Aerospace (A Melrose Company)
• Kawasaki Heavy Industries
• Premium AEROTEC
• Kencoa Aerospace Corporation
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Please write to us at sales@stratviewresearch.com
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the Aircraft Slat Systems 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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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.
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