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Abstract, Snapshot, Market Analysis & Market Definition: Aircraft Door Market Industry / Sector TrendsAircraft Door Market size was valued at over USD 5.5 billion in 2018 and is estimated to exhibit around 7.5% CAGR from 2019 to 2025. U.S.
Market Segmentation, Outlook & Regional Insights: Aircraft Door Market
Aircraft Door Market, By Door, 2018 & 2025, (Units)Increasing consumer spending in conjunction with shifting preference towards air travel will drive the aircraft door market size during the projected timeframe. Rising commercial aircraft production and deliveries to accommodate passengers will propel the product demand. According to International Air Transport Association (IATA), the air passenger traffic is bound to cross 7 billion by 2035 with a yearly growth of over 3.5%. Proliferating tourism industry and emergence of low-cost carriers will positively influence aircraft door market share. Growing adoption of light weight air carriers for superior fuel efficiency and to meet carbon emission regulations will support industry growth. Airplane manufacturers are adopting innovative design processes to enhance manufacturing capabilities. For instance, in October 2018, Airbus announced strategic collaboration with Georgia Institute of Technology to transform airplane structure designing process. Rising military air carriers demand to ensure aerial supremacy will boost aircraft door market growth. Countries including the U.S. and China are increasing defense budget to adopt high performance military airplanes. In 2018, the U.S. Defense announced to allocate around USD 700 billion for military segment with over USD 10 billion for fighter jets. Moreover, ongoing refurbishment activities and replacement of in-service airplanes will drive market size. Ongoing initiatives to develop infrastructure development capabilities will enhance industry size over study timeframe. For instance, in May 2018, International Civil Aviation Organization (ICAO) signed a MOU with New Partnership for Africas Development for aviation infrastructure development and capacity building in Africa.
Aircraft Door Market, By AircraftIn 2018, the commercial aircraft held over 45% share in aircraft door market owing to rising air carrier fleets. Upsurge in revenue generation from commercial airlines is supporting industry growth. For instance, according to IATA, in December 2018, the annual revenue generated from commercial airliners increased by 6.5% and rose to around USD 755 billion as compared to USD 709 billion in 2016. Business jets will witness significant growth with globalization and increasing trade activities. Rising adoption of private jets by organizations for business trips and conferences will drive the market. According to Russian United Business Aviation Association (RUBAA), in 2017, business jet traffic increased by around 2.5% as compared to 2016. Moreover, increasing refurbishment activities to enhance cabin interiors will propel product demand.
Aircraft Door Market, By DoorPassenger door will account for over 35% of the aircraft door market size by 2025 with its adoption for entrance and exit to the cabin area. Aviation industry participants are incorporating doors with retractable steps and folding handrails to increase cabin space and ease of operation. Manufacturers are focusing on implementing composite materials to enhance tensile strength and other physical properties. For instance, in April 2015, Premium AEROTEC installed carbon fibre composite material (CFRP) doors in A350-1000 to reduce production cost and overall weight. Landing gear doors will witness significant growth with its installation for effective functioning of landing gears during flight operations and ground maneuvering. Industrial participants are undergoing product tests to ensure effective functioning while airplane maneuvering. For instance, in September 2015, Daher delivered main landing gear door for kinematics test program of A350-1000.
Aircraft Door Market, By Operating MechanismHydraulic operating door will witness over 5.5% CAGR by 2025 owing to its adoption for reducing efforts of cabin crew member. Airliners are implementing innovative technologies to ease door operation mechanism and ensure cabin safety. For instance, in March 2017, Latecoere launched passenger door with electric motor to lower the complications and operational errors. Further, it enables the cabin crew for safety slide preparation in emergency evacuation. Manual operating door will witness significant growth in aircraft door marketplace over the forecast timeframe owing to its adoption for doors in small air carriers and emergency exits. Benefits such as low manufacturing cost as compared to hydraulic advocates its implementation over study timeframe. However, higher maintenance cost will limit its penetration in next six years.
Aircraft Door Market, By Distribution ChannelOEM leads the market share owing to rising airplane production to meet previous production backlogs. For instance, in October 2018, Bombardier Aerospace had a backlog of over USD 14 billion. OEMs are continuously strengthening the supply chain network to enhance manufacturing capability and overall production. Further, improving economic condition in emerging nations is driving aviation industry and positively influencing product demand. Aftermarket segment will foresee significant growth over study timeframe with increasing maintenance and retrofit activities for in-service airplane fleets.
Aircraft Door Market, By RegionIn 2018, North America accounted for over 45% share owing to presence of multiple airplane manufacturers. Increasing military modernization programs for aircrafts including fighter jets will support product demand. For instance, in November 2018, FAA along with the U.S. army has initiated aviation modernization program for more efficient and safer jets. Further, technological progression in the conventional system with innovative aviation systems will enhance the aircraft door market size by 2024. Asia Pacific will witness strong growth with rising passenger traffic. According to Association of Asia Pacific Airlines (AAPA) in 2018, the passenger traffic grew by around 8% and air cargo grew by over 4.5% as compared to 2017. Further, rising affordability and low flight fares will further boost the product penetration.
Key Players, Recent Developments & Sector Viewpoints: Aircraft Door MarketMajor participants of aircraft door market include Saab, Latecoere, Mitsubishi Heavy Industries, Elbit Systems and Daher Socata. Industry participants are involved in long term agreements with international airline operators to boost their market share. For instance, in June 2018, triumph group signed an agreement with Boeing to supply aerospace structures including horizontal stabilizers, doors, and wing sections.
Industry ViewpointAircraft door are allocated for access control and management of compartments in air carriers. The structures enable in entry and exit into cabin, loading and unloading of cargo and ground service. Government regulations such as Federal Aviation Administration (FAA) govern the designing and manufacturing of air carriers structure. For instance, FAA Title 49 provides requirement of air carriers to improve cabin safety
Key Insights Covered: Exhaustive Aircraft Door Market1. Market size (sales, revenue and growth rate) of Aircraft Door industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Aircraft Door industry. 3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Aircraft Door industry. 4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Aircraft Door industry.
Research Methodology: Aircraft Door Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
1 Report Overview 1.1 Research Scope 1.2 Major Manufacturers Covered in This Report 1.3 Market Segment by Type 1.3.1 Global Aircraft Door Market Size Growth Rate by Type (2019-2025) 1.4 Market Segment by Application 1.4.1 Global Aircraft Door Market Share by Application (2019-2025) 1.5 Study Objectives 1.6 Years Considered 2 Global Growth Trends 2.1 Production and Capacity Analysis 2.1.1 Global Aircraft Door Production Value 2014-2025 2.1.2 Global Aircraft Door Production 2014-2025 2.1.3 Global Aircraft Door Capacity 2014-2025 2.1.4 Global Aircraft Door Marketing Pricing and Trends 2.2 Key Producers Growth Rate (CAGR) 2019-2025 2.2.1 Global Aircraft Door Market Size CAGR of Key Regions 2.2.2 Global Aircraft Door Market Share of Key Regions 2.3 Industry Trends 2.3.1 Market Top Trends 2.3.2 Market Drivers 3 Market Share by Manufacturers 3.1 Capacity and Production by Manufacturers 3.1.1 Global Aircraft Door Capacity by Manufacturers 3.1.2 Global Aircraft Door Production by Manufacturers 3.2 Revenue by Manufacturers 3.2.1 Aircraft Door Revenue by Manufacturers (2014-2019) 3.2.2 Aircraft Door Revenue Share by Manufacturers (2014-2019) 3.2.3 Global Aircraft Door Concentration Ratio 3.3 Aircraft Door Price by Manufacturers 3.4 Key Manufacturers Aircraft Door Plants/Factories Distribution and Area Served 3.5 Date of Key Manufacturers Enter into Aircraft Door Market 3.6 Key Manufacturers Aircraft Door Product Offered 3.7 Mergers & Acquisitions, Expansion Plans 4 Market Size by Type 4.1 Production and Production Value for Each Type | read more...