Aircraft Fairings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Aircraft Fairings Market is Segmented by Application (Fuselage, Landing Gear, Wings, Control Surfaces, and Engine), End Use (Commercial, Military, and General Aviation), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Aircraft Fairings Market Size

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Aircraft Fairings Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.92 Billion
Market Size (2029) USD 2.62 Billion
CAGR (2024 - 2029) 6.35 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Aircraft Fairings Market

*Disclaimer: Major Players sorted in no particular order

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Aircraft Fairings Market Analysis

The Aircraft Fairings Market size is estimated at USD 1.92 billion in 2024, and is expected to reach USD 2.62 billion by 2029, growing at a CAGR of 6.35% during the forecast period (2024-2029).

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. The market saw a rise in demand for commercial aircraft driven by increasing fleet expansion and growth of low-cost carriers, which is driving product demand. In addition, growth in this market is likely to be encouraged by the growing uptake of military training and fighter aircraft from various governments for expanding their defense competencies.

To produce lightweight fairings, several manufacturers are using different composite materials for manufacturing various fairings of aircraft, which is now a major trend in the market. An increase in demand for composite aerostructures will stimulate the market. For aeronautical engineers designing aircraft for short runway performance requirements, weight remains a major issue in choosing materials with the necessary strength and density ratios to meet their payload demands. Reducing the weight of the aircraft reduces energy consumption. The main factor contributing to the growth of the aircraft fairing market is the growing demand for lightweight aerostructures such as control surfaces and fairings across the globe.

Aircraft Fairings Market Trends

The Commercial Segment is Expected to Dominate the Market

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 developing countries. 

With the increasing demand, the production rates of commercial aircraft increased over the years, putting pressure on the players in the supply chain to increase their production capacities as well. The manufacturer of Airbus A320 and Boeing B737, two of the largest-selling commercial aircraft in history, saw 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. For instance, in July 2022, Deutsche Aircraft and Aciturri announced the appointment of Aciturri Aerostructures as a reference supplier for selected composite technologies for the D328eco aircraft. The contract requires that Aciturri manufacture the fairings, landing gear doors, and flight control movables using composite and metallic technologies. Aciturri will also ensure the assembly of the components for integration on the final assembly line.

Aircraft Fairings Market: Aircraft Delivered by Aircraft Manufacturers, (in Units), 2017-2022

Asia-Pacific will Showcase Remarkable Growth in the Market During the Forecast Period

Growth in the deliveries of commercial aircraft and the increasing procurement of military aircraft by various countries in the region are the primary market growth drivers. According to the International Air Transport Association (IATA), air travel in Asia will be greater than the next two biggest markets, North America and Europe, 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, in February 2021, Boeing announced a new production line at the Hyderabad facility (India) of its joint venture with the Tata Group, Tata Boeing Aerospace Limited (TBAL). It is to manufacture complex vertical Fins for B737 MAX family aircraft. Moreover, as of February 2023, Indian private airlines such as Air India, Indigo, and others include 1,100 pending aircraft orders from various aircraft manufacturers.

Aircraft Fairings Market - Growth Rate by Region ( 2023 - 2028 )

Aircraft Fairings Industry Overview

The aircraft fairings market is semi-consolidated due to the presence of local players that provide aircraft manufacturers with fairings for landing gear, wings, control surfaces, and engines. Saab AB, Daher, Strata Manufacturing PJSC, FACC AG, and Composites Technology Research Malaysia Sdn Bhd (CTRM) 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 lightweight fairing structures. For instance, in November 2021, Materialize and Proponent announced a partnership to expand the profile of 3D printing in aerospace aftermarket supply chains. Proponent offers traditional distribution services to airlines, MROs, original equipment manufacturers, and innovative product portfolios. Through its global coverage, the firm delivers 54 million parts a year to approximately 6,000 aircraft clients in more than 100 countries. These companies offer aftermarket parts, such as engines, airframes, cabin interiors, and cockpits.

Aircraft Fairings Market Leaders

  1. Saab AB

  2. Daher

  3. Strata Manufacturing PJSC

  4. FACC AG

  5. Composites Technology Research Malaysia Sdn Bhd (CTRM)

*Disclaimer: Major Players sorted in no particular order

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Aircraft Fairings Market News

  • March 2023: Travis Airforce Base partnered with Engineering and Engineering Support contractors to modify aerodynamic fairing for a C-5M Super Galaxy with new printed 3D parts. The USAF Rapid Sustainment Office supplies printed blocks and wedges to support the C-5 hump panel, which allows proper aerodynamics over the wing. Travis Airforce Base used a 3D Printed thermoplastic material, Antero 800NA, for aircraft replacement.
  • January 2023: BEAMIT Group, Italy, signed a five-year production agreement with Leonardo, Italy. Leonardo installed over 100 parts from BEAMIT in its key aircraft, such as M345, M346, and C27J. As per the agreement, companies will collaborate to develop an additive manufacturing process and standardize the manufacturing process.

Aircraft Fairings Market Report - 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 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      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 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 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 South Africa

        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 Daher

      3. 6.2.3 Strata Manufacturing PJSC

      4. 6.2.4 Composites Technology Research Malaysia Sdn Bhd (CTRM)

      5. 6.2.5 FACC AG

      6. 6.2.6 LATECOERE

      7. 6.2.7 Kaman Corporation

      8. 6.2.8 The NORDAM Group LLC

      9. 6.2.9 ShinMaywa Industries, Ltd.

      10. 6.2.10 Teledyne Defense Electronics

      11. 6.2.11 FDC Composites Inc.

      12. 6.2.12 Fiber Dynamics Inc.

      13. 6.2.13 Barnes Group Inc.

      14. 6.2.14 Alpine Advanced Materials

      15. 6.2.15 Royal Engineered Composites

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aircraft Fairings Industry Segmentation

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. The structure of the aircraft fairing is designed to reduce drag, producing a smooth shape on the plane's surfaces, which seeks to delay boundary layer separation. To reduce form, drag, and interference drag while improving appearance, fairing's primary function is to cover spaces and gaps between parts of the aircraft. A pod-like structure under the wing of an aircraft is a flap track fairing, which is used in all aircraft in different dimensions and shapes.

The aircraft fairings market is segmented by application, end-user, and geography. By application, the market is segmented into fuselage, landing gear, wings, control surfaces, and engine. By end-use, the market is segmented into commercial, military, and general aviation. The report also covers the market sizes and forecasts for the aircraft fairings market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

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
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Aircraft Fairings Market Research FAQs

The Aircraft Fairings Market size is expected to reach USD 1.92 billion in 2024 and grow at a CAGR of 6.35% to reach USD 2.62 billion by 2029.

In 2024, the Aircraft Fairings Market size is expected to reach USD 1.92 billion.

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

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Aircraft Fairings Market.

In 2023, the Aircraft Fairings Market size was estimated at USD 1.80 billion. The report covers the Aircraft Fairings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Fairings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aircraft Fairings Industry Report

Statistics for the 2024 Aircraft Fairings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Fairings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Aircraft Fairings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)