New York City, 09 March 2020: The global aircraft
fairings market size is expected to reach USD 1,713.1 million by 2026
according to a new study by Polaris Market Research. An aircraft fairing is an
essential structure which manages and the flow of the airplane body in
different directions and axes with reducing the various types of drags such as
wave drag, interference drag, parasitic drag, engine cooling- drag and other
types of drag. The implementation and functional characteristics play a
critical role in design, certification and operational aspects of all
narrow-body, wide-body, very large, regional and general aviation. These
structures directly affect the performance of an airliner as compared to any
other old generation airplane without these structures. In other words,
airplane fairings are the smooth structures for reducing the air drag between
the joints such as wings & fuselage and engine & wings during the
flight.
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Fairings are an
essential feature of all airplanes as it reduces the drag at most of the areas
of airplane body, reduces the roughness of the body surface, increases the
smoothness by covering the gaps between the joints of structures, provides an
external outline to the aerodynamic structure of the airliner and increases the
speed and its efficiency. The complexity of aerospace fairings depends on
several parameters including the type of jet, design, fairing application
areas, and number of fairings. For instance, General aviation airliners have
lesser complex fairings, whereas long haul/commercial jets usually have more
complex fairings addressing the aircraft’s application requirements.
According to Polaris market Research, the global market for
airplane fairings has less than 90 players throughout the world, wherein top 5
major players accounted for a market share of more than 50% in 2019. Companies such as Composite Technology
Research Malaysia (CTRM Aerocomposites Sdn Bhd), FACC AG, Finmeccanica-Alenia
Aermacchi S.p.A., KAMAN CORPORATION, Korean Air Aerospace Division, Malibu
Aerospace LLC, Royal Engineered Composites, ShinMaywa Industries Ltd., Spirit
AeroSystems Inc., Strata Manufacturing (a Mubadala Investment Company), Triumph
Group, Collins Aerospace (UTC Aerospace Systems) are some of the key players
operating in this market.
Rise in global airplanes fleet size, rising demand to streamline
aerodynamic structure of jets to boost speed & accuracy, growing global
commercial aircraft & general aviation deliveries, introduction of new
generation carriers and increasing trend of lightweight components in order to
reduce overall weight & increase the fuel efficiency by reducing
operational costs, are some of the major factors acting as key drivers of this
market.
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Among aircraft type,
wide-body airplane was estimated to be the largest sub-segment in 2019 and is
expected to be the largest during the forecast period as well followed by
narrow-body aircraft and very large aircraft sub-segments. This is owing to
increasing production and rising demand of wide-body airliner such as A320,
B787, B737 and others. Moreover, Airbus anticipated that approximately 34,900
commercial airplanes (narrow-body, wide-body, and very large) will be delivered
during 2017 to 2036. A320 family, B737, B787, and A350XWB would remain the
growth engines for the commercial airplane segment.
Among material type, composites accounted for the largest share in
2019 and is expected to be the largest segment during the forecast period as
well. Also, composites are expected to be the fastest growing material type for
airplane fairings during the forecast period owing to increasing demand of
lightweight components for airplane structures along with long endurance and
less maintenance.
Among manufacturing
process type, prepreg layup process was estimated to be the largest sub-segment
in 2019 and is projected to be most dominant during the forecast period as
well. Also, its is expected to be the fastest growing manufacturing process
type for aircraft fairings during the forecast period as well owing to its
higher suitability for the composite fabrication and highly preferred method
for complex structure for fairings parts. Higher preference towards the prepreg
layup by the commercial, general aviation and regional airplane OEMs;
increasing production rates of commercial jets, such as B787, A350XWB, and
B737; upcoming or the new variants of existing aircraft such as Bombardier C
Series and Embraer E-2 jets; and rising airplane fleet size are the major
growth drivers of prepreg layup process for the manufacturing of the fairing
components globally.
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Among region, North
America was estimated to be the largest region in 2019 and is also expected to
be remain the largest during the forecast period as well. The U.S. is growth
engine of this region and accounted for more than 90% of share in the North
American market in 2019. This is owing to large presence of small to mid-sized
airplanes OEMs, fairing component manufacturers, raw material suppliers, &
distributors. In addition, increasing production rates of the airliner models
such as B737, B737 Max, B787, B797, B777x, and combat jet such as F-35 is
another major factor aiding in the growth of this market in the region.
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