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Aircraft Fairings Market Share

Report ID: GMI3523
Published Date: Jul 2020
Report Format: PDF

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Aircraft Fairings Market Share

Aircraft fairings industry players are establishing contracts with aircraft manufacturers for the installation and maintenance of fairings. Other strategies used by manufacturers include production capacity expansion, new product developments, and strategic partnerships.

Aircraft fairings marketplace is moderately concentrated with top players accounting for a considerable share. Some of the key manufacturers includes:

ShinMaywa
FACC
Malibu Aerospace
NORDOM
STRATA Manufacturing

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size of aircraft fairings was exceeded USD 43.45 million in 2019.

The industry share of aircraft fairings is projected to expand at 3% CAGR from 2020 to 2026.

Business aircraft segment held 15% market share in 2019 and will register appreciable growth, driven by rising number of HNIs (High-net-worth Individuals) and surging business aircraft production.

Aircraft wings will account for a considerable industry share on account of the demand for a huge number of fairings on aircraft wings as compared to other parts.

The GFRP (Glass Fiber Reinforced Plastic) segment will gain extensive traction, with a targeted CAGR of 3% through 2026, owing to its strength, cost-effectiveness, light weight, and low maintenance attributes.

These components will depict extensive demand in North America, owing to the presence of a huge number of aircraft manufacturers. North America industry USD 15 million by 2026 with an anticipated CAGR of over 3.6%.

The COVID-19 outbreak has led to a decrease in air passenger traffic, suspension of production units, and manufacturing facility shutdowns, which will restrict the industry growth.