Global Aircraft Fairings Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
18 Jul, 2023
The global aircraft fairings market size is expected to grow from $1.66 billion in 2022 to $1.82 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft fairings market size is expected to reach $2.47 billion in 2027 at a CAGR of 8%.
Global Aircraft Fairings Market Key Driver
Increased aircraft demand is projected to drive the aeroplane fairing industry in the future. A fixed-wing aircraft is designed to be flown in order to go through the air. These aircraft often come in a variety of configurations and are used for a variety of reasons. The use of aircraft fairings in lightweight aircraft can give various benefits, including providing a smooth shape and lowering drag, which can improve aerodynamics and contribute to increased fuel economy and cheaper costs for the aerospace industry.
Get a sample of the global aircraft fairings market reportGlobal Aircraft Fairings Market Segments
The global aircraft fairings market 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
5) By Geography: The regions covered in the aircraft fairings market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global aircraft fairings market.
Major Aircraft Fairings Industry Players
Avcorp Industries Inc., FACC AG, Royal Engineered Composites, ShinMaywa Industries Ltd, Airbus Group SAS, Barnes Group Inc., The Boeing Company, Daher, The Nordam Group LLC, Arnprior Aerospace Inc., Fdc Composites Inc., Fiber Dynamics Inc., Kaman Aerosystems, McFarlane Aviation Inc., Stene Aviation Inc.
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Aircraft Fairings Market Overview
An aircraft fairings refers to device that produces a smooth shape and reduces drag on aircraft surfaces. These structures are used to fill gaps and spaces between aircraft sections with the objective to reduce form drag and interference drag while also improving appearance.
Aircraft Fairings Global Market Report 2023 provides data on the global aircraft fairings market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft fairings market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.