Aircraft Fairings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Application (Fuselage, Landing Gear, Wings, Control Surfaces, and Engine), End Use (Commercial, Military, and General Aviation), and Geography

Market Snapshot

Aircraft Fairings Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >3 %

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Market Overview

The aircraft fairings market is projected to register a CAGR of over 3% during the forecast period. 

  • The increasing demand for newer generation aircraft is making the aircraft OEMs increase their production rates, thereby, putting pressure on the aircraft fairing suppliers to increase their production volumes as well.
  • In the effort to produce light-weight fairings, several manufacturers are using different composite materials for manufacturing various fairings of the aircraft, which is now a major trend in the market. 

Scope of the Report

This study includes the different forms of fairings used in different parts of an aircraft, like the fuselage, landing gear, wings, control surfaces, and the engine. 

Application
Fuselage
Landing Gear
Wings
Control Surfaces
Engine
End User
Commercial
Military
General Aviation
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Egypt
Rest of Middle East & Africa

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Key Market Trends

The Commercial Segment is Expected to Dominate the Market, in the Years to Come

The market is expected to be dominated by the commercial segment, whose revenue forms a major part of the total revenues of the industry. Currently, narrow-body aircraft are witnessing high demand, driven by increasing passenger traffic, mainly in the developing countries. With the increasing demand, the production rates of commercial aircraft have increased over the years, which has put pressure on the players in the supply chain, to increase their production capacities as well. The manufacture of Airbus A320 and Boeing B737, two of the largest selling commercial aircraft in history, has seen a steady growth over the years. Airbus is increasing the production of the A320 family of aircraft to 60 units per month. Hence, companies like FACC AG, Patria Aerostructures, Teledyne CML Composites, Ducommun Aerostructures, Avcorp Industries Inc., and CTRM are involved in the supply chain of fairings for these models, who will also be pressurized to ramp up their production levels. Thus, the market is expected to be higher in the commercial aircraft segment, in the years to come.  

Aircraft Fairings Market_End-use

Asia-Pacific to be the Fastest-growing Market for Aircraft Fairings, during the Forecast Period

In terms of geography, the aircraft fairings market is experiencing a high growth rate in the Asia-Pacific region. Growth in the deliveries of commercial aircraft and the increasing procurement of military aircraft by various countries in the region are the reasons behind the growth of the market. The Asia-Pacific region is expected to achieve a high growth rate in the aviation market, in the near future. According to IATA, air travel in Asia will be greater than the next two biggest markets, North America and Europe, combined, by 2030. With such a high rate of growth in terms of passenger traffic, the airlines in the region need to procure new aircraft to cater to the increasing demand. Even for military activities, the countries in the Asia-Pacific region are procuring aircraft on a large scale. For instance, India is procuring a total of 62 Airbus Defence and Space C295 medium-transport aircraft (MTA) for the Indian Air Force (IAF) and the Indian Coast Guard (ICG), which are expected to be delivered over the next few years. Likewise, Japan is also planning to buy as many as 105 F-35 stealth warplanes from the United States. All these factors are expected to make the region the fastest-growing market for aircraft parts, like fairings.  

Aircraft Fairings Market_Geography

Competitive Landscape

Saab AB, Avcorp Industries Inc., Strata Manufacturing, FACC AG, and CTRM Sdn Bhd (Composites Technology Research Malaysia) are some of the prominent players in the market. In the fairings market, the material suppliers and other tier-2 suppliers in the value chain are collaborating with the aircraft OEMs, like The Boeing Company and Airbus SE, to jointly develop light-weight fairing structures. For instance, in 2016, Solvay and Boeing announced the extension of their contract till 2020, for the supply of high-performance structural composites and adhesive materials. These materials will be used by Boeing in various primary and secondary structural applications, such as flaps, doors, fairings, and ailerons for legacy and future programs, such as the 737, 737MAX, 747, 777, 777X, and 787. Moreover, with the aircraft OEMs manufacturing some of their own fairing components, the competition in the market has increased. Hence, the tier-1 suppliers have to innovate in terms of materials and structures, to be able to gain contracts for upcoming aircraft models, for staying active in the competitive market. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Fuselage

      2. 5.1.2 Landing Gear

      3. 5.1.3 Wings

      4. 5.1.4 Control Surfaces

      5. 5.1.5 Engine

    2. 5.2 End User

      1. 5.2.1 Commercial

      2. 5.2.2 Military

      3. 5.2.3 General Aviation

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Egypt

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Saab AB

      2. 6.2.2 Avcorp Industries Inc.

      3. 6.2.3 CTRM Sdn Bhd (Composites Technology Research Malaysia)

      4. 6.2.4 Daher

      5. 6.2.5 FACC AG

      6. 6.2.6 Kaman Corporation

      7. 6.2.7 Malibu Aerospace LLC

      8. 6.2.8 The NORDAM Group LLC

      9. 6.2.9 Royal Engineered Composites

      10. 6.2.10 ShinMaywa Industries Ltd

      11. 6.2.11 Strata Manufacturing

      12. 6.2.12 Teledyne Defense Electronics

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aircraft Fairings Market market is studied from 2018 - 2026.

The Aircraft Fairings Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Saab AB, Avcorp Industries Inc., Strata Manufacturing, FACC AG, CTRM Sdn Bhd (Composites Technology Research Malaysia) are the major companies operating in Aircraft Fairings Market.

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