New York City, 11 Feb 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.
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.
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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.
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.
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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.
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.
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.
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