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Aircraft Window Frame Market Size
- Report ID: GMI3096
- Published Date: Jun 2019
- Report Format: PDF
Aircraft Window Frame Market Size
Aircraft Window Frame Market size valued at over USD 135 million in 2018 and is estimated to exhibit around 4% CAGR from 2019 to 2025.
Increasing aircraft production owing to rising air travel along with improving disposal income per capita are driving the aircraft window frame market share over the projected timeframe. Improving tourism along with increasing demand from low cost carriers are expected to significantly improve the industry demand. Advancements in manufacturing technologies along with usage of lightweight materials for lowering the overall aircraft weight are providing a positive outlook for the industry expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Aircraft Window Frame Market Size in 2018: | 135 Million (USD) |
| Forecast Period: | 2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR: | 4% |
| 2025 Value Projection: | 180 Million (USD) |
| Historical Data for: | 2014 to 2018 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 400 |
| Segments covered: | Aircraft, Product and Region |
Government organisations across the globe are focussed on promoting domestic aircraft production for ensuring economic development along with expansion of the overall aviation industry. Moreover, multiple government organisations across the globe are also offering tax incentives and benefits to aircraft manufacturers to enhance their manufacturing facilities and increase aircraft production output. For instance, in January 2019, Indian government announced the development of a blueprint with a focus on encouraging and promoting the domestic manufacturing of aircrafts and components by offering financing assistance to industry players.
Advancements in manufacturing technologies, including the advent of additive manufacturing in aviation industry are providing a positive outlook for the market share expansion. The benefits offered by the technology including rapid prototyping, lower manufacturing time, and reduced material wastage are further expanding the market size. For instance, in 2017, GKN Aerospace announced the launch of its 3D printed components for Boeing 737 aircrafts.
Industry players are continuously investing in R&D for developing advanced manufacturing technologies for window frames. For instance, Nordam along with Hexcel Corp. are offering composite aircraft window frames, that are manufactured using the innovative HexMC technology. This play a major role in improving the frame corrosion resistance, durability, and lowers maintenance significantly.
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Aircraft Window Frame Market Scope
