Global Aerospace Fairings Market to Offer Attractive Growth Opportunities Over the Next Five Years and Reach $1.4 Billion in 2022, Composite based Fairings Likely to Grow at the Highest Rate During 2017 to 2022
DETROIT, September 12, 2017
DETROIT, September 12, 2017 /PRNewswire/ --
Stratview Research announces the launch of a new research report on Global Aerospace Fairings Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and General Aviation), by Application Type (Wing-to-Body Fairing, Flap Support Fairings, Engine Cowls, Vertical Fin Fairings, and Others), by Material Type (Composites and Metals), by Process Type (Prepreg Layup, Stamping, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
This strategic report, from Stratview Research, studies the fairings market in the global aerospace industry over the period 2011 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Fairings Market in the Global Aerospace Industry: Highlights
As per Stratview Research, the global aerospace fairings market offers an attractive growth opportunity during the forecast period of 2017 to 2022 and reach an estimated $1.4 billion in 2022. The author of the report stated that increasing production rates of key commercial aircraft programs, introduction of variants of the best-selling aircraft programs, market entry of new players, increasing demand for lightweight fairings, and rising global aircraft fleet size are the major drivers of the global aerospace fairings market.
The research's findings suggest that wide- and narrow-body aircraft are likely to remain the growth engines of the aerospace fairings market, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, upcoming variant of existing programs, and rising commercial aircraft fleet size.
Based on application type, wing-to-body fairing dominates the global aerospace fairings market and is projected to remain dominant over the next five years as well, whereas engine cowls segment is likely to witness the highest growth over the next five years, propelled by the development of high-thrust engines with the high focus on improving the fuel efficiency. Engine cowls are one of the major components of the aircraft engine and nacelle system.
Composite is expected to remain the most dominant material type in the global aerospace fairings market during the forecast period. This material type is also projected to witness the highest growth during the forecast period, driven by advantages of high strength-to-weight ratio, excellent corrosion resistance, high fatigue resistance, and lightweight.
As per the study, North America is expected to remain the largest market for aerospace fairings during the forecast period as the region is the manufacturing capital of the aerospace industry with the presence of several large- to small-sized OEMs, tier players, fairing and nacelle component manufacturers, distributors, and raw material suppliers. However, Asia Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft and the world's largest commercial aircraft fleet size.
The key fairing manufacturers in the global aerospace industry are FACC AG, UTC Aerospace Systems, CTRM Aerocomposites Sdn Bhd, Alenia Aermacchi S.p.A. Korean Air Aerospace Division, Triumph Group, Inc., Boeing Canada Winnipeg, and ShinMaywa Industries Ltd. Advancement in technology and formation of long-term contracts are some of the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors
This report studies the fairings market in the global aerospace industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the five ways in which the market is segmented:
Global Aerospace Fairings Market by Aircraft Type:
- Narrow-Body Aircraft
- Wide-Body Aircraft
- Very Large Aircraft
- Regional Aircraft
- General Aviation
Global Aerospace Fairings Market by Application Type:
- Wing-to-Body Fairing
- Flap Support Fairings
- Engine Cowls
- Vertical Fin Fairings
- Other Fairings
Global Aerospace Fairings Market by Material Type:
- Composite Fairings
- Metal Fairings
Global Aerospace Fairings Market by Manufacturing Process:
- Prepreg Layup Process
Global Aerospace Fairings Market by Region:
- North America
- Rest of the World
Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
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