Market Size of Aircraft Fairings Industry
| 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
*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.
