Global Aircraft Fairings Market 2021 (Includes Business Impact of COVID-19)

  • TBI202528
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                              

Report updated on 11th September, 2021: Global Aircraft Fairings Market 2021 (Includes Business Impact of COVID-19)

Global Aircraft Fairings Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global aircraft fairings market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aircraft fairings market report has been segmented on the basis of material, platform, distribution channel, and region. Request Covid - 19 Impact The global Aircraft Fairings market size was valued at USD$1.72 billion in 2020 and is projected to reach $3.50 billion by 2030 is anticipated to expand at a CAGR of 7.38% over the forecast period from 2020 to 2030. This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future. Overview: Aircraft fairings is a type of structure that helps provide smooth outline and reduce the drag. It is also used to improve appearance of aircraft and helps cover spaces between its parts. Aircraft fairings increase surface area and also even the surface. There are various types of fairings used for different parts of the aircraft such as flap track fairing, cockpit fairing, belly fairing, etc. Dynamics: Increasing use of composite material in aircrafts is a major factor driving growth of the global aircraft fairings market. Use of composite materials result in reduced weight, improved fuel efficiency of the aircraft, and reduce maintenance and repairing costs as well. Composite materials do not corrode or crack under metal fatigue. Growing demand for aircraft with high fuel-efficiency is another factor expected to support growth of the global market. Rapidly growing aviation sector, coupled with increasing demand for commercial aircrafts owing to rising tourism are some of the other major factors fueling growth of the target market. Furthermore, growing adoption of unmanned arial vehicles for military and commercial applications is another key factor expected to boost growth of the global aircraft fairings market to a significant extent. However, composite material that are used in aviation sector are not properly recycled. This factor may affect adoption of the product thereby restraining growth of the global aircraft fairings market. Nevertheless, increasing use of 3D printing production of aircraft fairing parts can create high revenue opportunities for players operating in the target market. Segment Analysis: On the basis of platform, the commercial segment is anticipated to register highest CAGR in terms revenue in the near future. Increasing use of aircraft fairings in commercial aviation sector as it provides comfort, safety, and reliability is a factor expected to support growth of this segment in the global market. On the basis of distribution channel, the Original Equipment Manufacturer segment is expected to dominate in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. Regional Analysis: Market in North America is estimated to account for major share in terms of revenue, and is expected to maintain its position in the global market over the forecast period. Large number of prominent aircraft manufacturing companies present in the countries in this region, coupled with increasing demand for new aircrafts are factors propelling growth of the target market in North America. Asia Pacific market in anticipated to register fastest growth in terms of revenue in the next few years. This can be attributed to increasing demand for aircrafts with advanced technology.

Below are the active patents related to Aircraft Fairings Market.

Patent Number: US9027883B2 Aircraft fairing Abstract A shock control fairing for mounting a junction between adjoining aircraft surfaces. The fairing has a cross-sectional profile which varies along the length of the fairing. The cross-sectional profile of the fairing has a maximum area at a location which, when mounted to an aircraft, is substantially proximal to a location on the surface of the aircraft at which a shock would be expected to develop without the fairing. Application File Date: 2008-11-05 Application Granted Date: 2015-05-12 Current Assignee: Airbus Operations Ltd Patent Number: US20110204185A1 Aircraft fairing Abstract A shock control fairing for mounting a junction between adjoining aircraft surfaces. The fairing has a cross-sectional profile which varies along the length of the fairing. The cross-sectional profile of the fairing has a maximum area at a location which, when mounted to an aircraft, is substantially proximal to a location on the surface of the aircraft at which a shock would be expected to develop without the fairing. Application File Date: 2008-11-05 Application Granted Date: 2015-05-12 Current Assignee: Airbus Operations Ltd Patent Number: EP2190735A2 Method for manufacturing and attachment of wing fairings Abstract A method and apparatus for manufacturing and installing a fairing on an aircraft. In one advantageous embodiment, a composite fairing (402) is installed on the aircraft (400). A composite sheet having a form of the composite fairing is formed. A plurality of cured composite tiles (408) is created from the composite sheet, wherein spaces are present between the plurality of composite tiles. The plurality of composite tiles is cured to form the composite fairing. The composite fairing is attached to a surface of the aircraft. The spaces between the plurality of composite tiles are filled with a flexible filler (410). Application File Date: 2008-09-22 Application Granted Date: 2016-05-04 Current Assignee: Boeing Co

Global Aircraft Fairings Market Segmentation:

Segmentation by material type:
  • Metallic
  • Composite
  • Alloy
Segmentation by platform:
  • Military
  • Military Transport
  • Fighter Aircraft
  • Commercial
  • Business Jets
  • Very Large Aircraft (VLA)
  • Narrow Body Aircraft (NBA)
  • Wide Body Aircraft (WBA)
  • Regional Transport Aircraft (RTA)
  • General Aviation
Segmentation by distribution channel:
  • Aftermarket
  • Original Equipment Manufacturer (OEM)

Key Market Players included in the report:

  • Airbus (France)
  • Avcorp (Canada)
  • Barnes Group (US)
  • Boeing (US)
  • Daher (France) NORDAM (US)
  • FACC AG (Austria)
  • FDC Composites (Canada)
  • Fiber Dynamics Inc. (US)
  • Kaman Aerosystems (US)
  • Malibu Aerospace (US)
  • NORDOM
  • Royal Engineered Composites (US)
  • ShinMaywa (Japan)
  • Strata Manufacturing (UAE)

Below are the key development related to Aircraft Fairings Market in 2020 and 2021.

April 2021: Pilatus Expands UAE Component Work for PC-24. Mubadala Investment Company-owned Strata Manufacturing is expanding its components work under a new agreement covering pylon fairings, bullet fairings, tail cones, and other parts for the Pilatus PC-24. Negotiated through the Tawazun Economic Council, Strata, and Pilatus Aircraft, the “offset agreement” extends seven years and includes the use of autoclave manufacturing for the aforementioned components. The agreement further calls for hot-press composite parts, which Strata said marks a first for UAE aerospace manufacturing. Source September 2020: Sandvik CoroMill 390 LW Enhances Aerospace Machining Capacity. Sandvik Coromant’s 3D-printed CoroMill 390 cutter helped Flying S Inc. achieve six-times the productivity on MAX5 cast aluminum alloy than with previous tools. Peter Bowman and the team at Flying S Inc. recently tackled a challenging project: machining two blocks of MAX5 cast aluminum alloy, a material that was new for the shop. Moreover, each block measured nearly 1-foot thick, 3-feet high, 13-feet long and 4,479 pounds, but would need more than 4,000 pounds of material removed to produce the 350-pound mold halves for the dorsal fairings of Boom Supersonic’s XB-1 aircraft. Source February 2020: Trinity Aviation Group Acquires STC to Install Pratt & Whiney PT6C-67D Engine. Trinity Aviation Group has acquired the STC to install the new, in production Pratt & Whiney PT6C-67D engine into the UH-1H (Huey) platform. Trinity Aviation Group has acquired the STC to install the new, in production Pratt & Whiney PT6C-67D engine into the UH-1H (Huey) platform. Calling the upgrade, the HUEY TALON, it brings a new life to the Huey and is fundamentally a new aircraft. The Trinity Aviation Group is focused on upgrading and modernizing the Bell Medium legacy aircraft. In order to take the first major step to truly modernize these aircraft Trinity Aviation Group invested in acquiring the STC. The PT6C-67 series engine is utilized in many other aircraft and has a proven history of exceptional reliability, fuel economy, and low maintenance requirements. Trinity Aviation Group manufactures the new fairings, cowlings, and kitting hardware included in the upgrade which lays the foundation for a truly modernized Huey. Source  

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Aircraft Fairings Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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