Selbyville, Delaware, Aug. 04, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on aircraft fairings market which estimates the global market valuation for aircraft fairings will cross US$ 42.5 million by 2026. The rising tourism coupled with increasing penetration of fuel-efficient aircraft will drive the fairings demand.
The rising number of air passengers is augmenting the widebody aircraft carriers demand from emerging nations. Countries including India with a typical portfolio of regional carriers are now experiencing an increasing demand for widebody aircraft. In October 2019, SpiceJet, announced its plans to operate widebody aircraft to support its long-haul flight operations. Similarly, in November 2019, Vistara, announced to include two widebody aircraft in service fleets. These initiatives are encouraging the development and growth of wide-body aircraft and driving aircraft fairings market growth.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3523
Fuselage segment will witness around 2.8% CAGR by 2026. The segment is driven by the belly fairing or ventral fairing section that is located under the fuselage between the main wings. Increasing need for restocking inventories coupled with the rising e-commerce platform is fueling the demand for widebody aircraft and narrow-body aircraft with PTF conversions. PTF converted narrow-body aircraft freight fleet accounted for around 50% in total express freight market. The rapid induction of narrow-body freight aircraft will support the segment growth.
Fairings made from metals such as steel, aluminum, and titanium & its alloys are anticipated to hold a significant share in aircraft fairings market size. Fairings are used as noise-reducing components in aircraft during landing and taking off operations. Perforated titanium landing gear fairings are increasingly gaining popularity owing to debris protection capabilities and strong flexural & structural strengths.
Asia Pacific will witness around 2% CAGR during 2020 to 2026. Emerging countries including China and India are analyzed to foresee significant growth in aerospace industry owing to rising investments from established manufacturers for production and maintenance facilities. In 2019, Boeing announced to set up a production facility for F/A 18 Super Hornet fighter aircraft in India. Such trends will showcase a growth trajectory for aircraft fairings in the region.
Browse key industry insights spread across 205 pages with 204 market data tables & 20 figures & charts from the report, “Aircraft Fairings Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aircraft-fairings-market
Some major findings of aircraft fairings market report include:
- Low Cost Carriers (LCC) are focusing on long-term agreements with aircraft manufacturers to expand fuel-efficient fleets.
- Wing fairings to dominate the industry size.
- GFRP to lead the industry size and CFRP to witness strong growth.
- North America will dominate the industry to presence of major aircraft manufacturers and a mature aerospace industry.
Some major companies operating in aircraft fairings market include FACC AG, ShinMaywa, Malibu Aerospace, STRATA Manufacturing, and NORDAM. The industry participants are developing lightweight fairings to support aerospace industry manufacturers in reducing the overall aircraft weight.
Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/aircraft-fairings-market
Partial chapters of report table of contents (TOC):
Chapter 2. Executive Summary
2.1. Aircraft fairings industry 360° synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Aircraft trends
2.1.3. Application trends
2.1.4. Material trends
2.1.5. Regional trends
Chapter 3. Aircraft Fairings Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2026
3.3. Industry ecosystem analysis
3.3.1. Material suppliers
3.3.2. Product Manufacturers
3.3.3. Value addition at each stage
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.4. Pricing analysis (including COVID-19 impact)
3.4.1. Regional price trends
3.4.2. Cost structure analysis, 2019
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Industry impact forces
3.7.1. Aircraft Fairings Market Growth drivers
3.7.1.1. Growing production of narrow-body aircrafts worldwide
3.7.1.2. Rising need for air travel demand across the globe
3.7.1.3. Increasing penetration of new generation and lightweight aircrafts
3.7.1.4. Presence of large number of aircraft manufacturers in the U.S.
3.7.2. Industry pitfalls & challenges
3.7.2.1. Adverse impact of coronavirus pandemic on aircraft industry as a whole
3.8. Innovation & sustainability
3.9. Growth potential analysis, 2019
3.10. Porter’s analysis
3.11. Competitive landscape
3.11.1. Top player’s analysis, 2019
3.11.2. Key stakeholders
3.11.3. Strategy dashboard
3.12. PESTLE analysis
3.13. Impact of COVID-19 on global aerospace industry
Browse related report:
Aerospace Plastics Market Size By Aircraft (Commercial Aircraft [Narrow Body, Wide Body], Regional Jet, Business Jet, Helicopter, Military Jet), By Application (Cabin Interiors, Window & Windshields, Airframe, Propulsion System), By Fit (Line Fit, Retrofit), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
https://www.gminsights.com/industry-analysis/aerospace-plastics-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.