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While the ongoing COVID-19 pandemic has dampened the aviation sector with regional lockdowns essentially grounding aircraft fleets across the globe, the industry is expected to foresee tremendous growth from maintenance, repair and overhaul (MRO) activities. Airlines are increasingly focusing on keeping their fleets airworthy to meet the slowly growing demand for air travel, especially in countries that have the pandemic under control and are coming out of their lockdowns.
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KeyInsights Aircraft Fairings Market : • The aircraft fairings market is slated to experience significant growth over the coming years as a number of global economies are focusing on increasing their military expenditure and growing their respective aircraft fleets, driving fairings demand in the segment further. • Recently, the Indian Air Force received five new Rafale fighter jets as part of a 2016 deal the Indian Government signed with France for 36 warplanes. This industry growth is also expected to be driven by the rising demand from developed nations such as China and U.S.
Continued… • The helicopters segment is also likely to experience lucrative growth as the mobility and flexibility of helicopters is impelling their demand among regional airlines and for business travel, leading to a rise in sales of fairings. The segment is expected to witness growth rate of 1.4%. • With respect to material, the market is classified into GFRP, CFRP, metal & alloys, and others. The other materials include aramid fiber based composites, and hybrid composites among others. Growing demand for fuel efficient and lightweight aircraft is further expected to accelerate the segment share of other materials.
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Major Companies Aircraft Fairings Market: • FACC AG • ShinMaywa Co. Ltd • LATECOERE • STRATA Manufacturing • Maple Leaf Aviation
Regional Aircraft Fairings Market : • The empennage segment is projected to experience a distinguished growth rate of approximately 3.0% owing to increasing need of enhancing wingtail efficiency and reducing drag. • From a regional perspective, the LATAM aircraft fairings industry is anticipated to go through a remunerative growth phase due to the growing domestic tourism and booming economy. • The MEA aircraft fairings market is expected to record a notable CAGR over the projected time period owing to growing economy and improving standard of living.
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