Aircraft Fairings Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.49 Billion |
| Market Size (2029) | USD 3.06 Billion |
| CAGR (2024 - 2029) | 4.16 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aircraft Fairings Market Analysis
The Aircraft Fairings Market size is estimated at USD 2.49 billion in 2024, and is expected to reach USD 3.06 billion by 2029, growing at a CAGR of 4.16% during the forecast period (2024-2029).
The market is experiencing robust growth, driven by the rising demand for fuel-efficient and high-performance aircraft, primarily attributed to advancements in composite materials. The incorporation of fairings streamlines aerodynamics by reducing drag and lightening the aircraft's load. Segmented by material type, application, and aircraft type, the commercial aviation industry emerges as the frontrunner in demand. Major players heavily invest in R&D, mainly focusing on lightweight and durable fairings, further fueling market expansion.
As the aviation industry increasingly seeks fuel-efficient and lightweight aircraft, the adoption of composite materials in fairing manufacturing has surged. With a notable uptick in air passenger traffic, especially in Asia-Pacific countries, the demand for new aircraft has soared, consequently bolstering the aircraft fairings market.
While advanced composite materials offer superior performance, their high costs present a significant hurdle for budget and smaller airlines. The intricate production processes and the need for specialized labor can lead to heightened production expenses and timeframes. Moreover, stringent regulations and certifications for new materials and designs need to be revised for market entry and innovation. The aircraft fairings market is poised for rapid expansion, driven by composite material innovations, surging air travel demand, and heightened fuel efficiency regulations. Yet, the industry faces challenges, including high costs and a complex regulatory landscape. Organizations are ramping up R&D investments to address these hurdles, aiming to deliver innovative yet cost-effective solutions.
Aircraft Fairings Market Trends
The Commercial Aviation Segment to Hold the Largest Market Share During the Forecast Period
The commercial aircraft fairings market is set for robust growth, led by a surge in the commercial segment. With expanding economies and rising disposable incomes, more individuals are choosing air travel, driving the demand for new aircraft. Notably, there has been a clear trend toward enhancing regional connectivity, resulting in a spike in orders for smaller regional jets that heavily rely on fairings, thus further boosting the demand for commercial aircraft fairings.
Furthermore, the growing international air transport networks, driven by globalization in trade and tourism, amplify the need for commercial aircraft. Emerging economies experiencing rapid urbanization and industrialization are witnessing a surge in air travel, particularly among their expanding middle-income demographics. This rise in air passenger traffic necessitates more aircraft operations, escalating the demand for aircraft fairings. Consequently, vendors are scaling up their manufacturing capacities to meet the rising demand from commercial aviation operators, highlighting the dominance of this segment in the aircraft fairings market.
As the demand for commercial aircraft climbs, production rates also rise, pressuring supply chain players to enhance their capabilities. Notably, manufacturers of the A320 and B737, both historically top-selling commercial aircraft, have seen steady growth in recent years. For instance, Airbus is increasing the production rate of its A320 family to 60 units per month.
Owing to these factors, companies like FACC AG, Patria Aerostructures, Teledyne CML Composites, Ducommun Aerostructures, Avcorp Industries Inc., and CTRM, crucial players in the fairings' supply chain for these models, are under mounting pressure to boost their production levels. In a notable move, in July 2022, Deutsche Aircraft and Aciturri selected Aciturri Aerostructures as a supplier of specific composite technologies for the D328eco aircraft. The agreement tasks Aciturri with manufacturing fairings, landing gear doors, and flight control movables using a blend of composite and metallic technologies. Additionally, Aciturri will manage the assembly of these components for integration in the final assembly line.
Asia-Pacific to Showcase Remarkable Market Growth During the Forecast Period
The primary drivers of market growth are the rising deliveries of commercial aircraft and regional nations' heightened procurement of military planes. The International Air Transport Association (IATA) predicts that by 2030, Asia's air travel will surpass that of North America and Europe, making it the largest market.
Given the region's surging passenger traffic, airlines must acquire new aircraft to meet the escalating demand. Moreover, countries in the Asia-Pacific are significantly bolstering their military aircraft fleets. For example, in February 2023, Chinese aircraft manufacturer COMAC inked a deal with Tibet Airlines. The agreement entailed the delivery of 40 C919 and 10 ARJ21 aircraft, strategically positioning COMAC in Asia-Pacific and boosting the regional aircraft fairings market.
Aircraft Fairings Industry Overview
The aircraft fairings market is characterized by a semi-consolidated landscape. Local players supply fairings for various aircraft components, including landing gear, wings, control surfaces, and engines. Within the fairings market, material and tier-2 suppliers in the value chain collaborate with major aircraft OEMs such as Boeing and Airbus to pioneer lightweight fairing structures jointly.
Notable market players include Daher, Strata Manufacturing PJSC, FACC AG, and Composites Technology Research Malaysia Sdn Bhd (CTRM). These industry leaders prioritize R&D, focusing on innovative materials, advanced manufacturing, sustainability, and tailored solutions to outpace rivals and meet evolving market needs. Through their collaborative R&D endeavors, they drive technological advancements, uphold quality benchmarks, and swiftly adapt to industry shifts, cementing their dominance in the aircraft fairings market. For instance, in March 2024, Daher and its subsidiary KVE unveiled a groundbreaking welded thermoplastic torsion box demonstrator for aircraft fairings. This full-scale component, crafted using cutting-edge processes like AFP and KVE's induction welding, showcases Daher's strides in composite aerostructures, explicitly highlighting the torsion box of the Daher-built TBM aircraft's horizontal stabilizer.
Aircraft Fairings Market Major Leaders
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Daher
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Strata Manufacturing PJSC
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FACC AG
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Composites Technology Research Malaysia Sdn Bhd (CTRM)
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Saab AB
*Disclaimer: Major Players sorted in no particular order
Aircraft Fairings Market News
- June 2024: JCB Aero deepened its collaboration with key French industrial players, securing pivotal contracts from Embraer and Bombardier aircraft. Notably, the company is crafting Business Class monuments for the ERJ190, with plans to deliver five kits by August 2024, totaling 20 for the year. Additionally, it is gearing up to produce kit fairings for the Bombardier Global 7000, featuring Leonardo Protection systems.
- June 5, 2024: The Defense Logistics Agency Aviation granted a USD 215 thousand contract for aircraft fairings to The Handy Tool & Mfg. Co. Inc.. This move underscores the company's prowess in producing and promptly delivering critical aerospace components and the pivotal role fairings play in upholding aircraft performance and safety.
- February 2024: CNS CO LLC, a US firm, clinched a DoD contract worth USD 231 thousand for aircraft fairings. This significant deal underscores the importance of fairings in modern aircraft, ensuring both aerodynamic efficiency and structural integrity. It also highlights the fierce competition in the aerospace industry, with players demanding top-tier, precision-engineered fairings from specialized manufacturers.
Aircraft Fairings Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Fuselage
5.1.2 Landing Gear
5.1.3 Wings
5.1.4 Control Surfaces
5.1.5 Engine
5.2 End User
5.2.1 Commercial
5.2.2 Military
5.2.3 General Aviation
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 South Africa
5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Saab AB
6.2.2 Daher
6.2.3 Strata Manufacturing PJSC
6.2.4 Composites Technology Research Malaysia Sdn Bhd (CTRM)
6.2.5 FACC AG
6.2.6 LATECOERE
6.2.7 Kaman Corporation
6.2.8 The NORDAM Group LLC
6.2.9 ShinMaywa Industries Ltd
6.2.10 Teledyne Defense Electronics
6.2.11 FDC Composites Inc.
6.2.12 Fiber Dynamics Inc.
6.2.13 Barnes Group Inc.
6.2.14 Alpine Advanced Materials LLC
6.2.15 Royal Engineered Composites
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Aircraft Fairings Industry Segmentation
This study delves into the various types of fairings utilized across distinct sections of an aircraft, spanning from the fuselage and landing gear to the wings, control surfaces, and engine. Aircraft fairings are meticulously crafted to minimize drag, ensuring the aircraft's surfaces maintain a sleek profile that postpones boundary layer separation. By concealing gaps and spaces between aircraft components, fairings play a pivotal role in enhancing the aircraft's aesthetics and reducing form drag and interference drag. An example is the flap track fairing, a pod-like structure beneath the aircraft's wing, found in varying dimensions and shapes across all aircraft models.
The aircraft fairings market is segmented by application, end user, and geography. By application, the market is segmented into fuselage, landing gear, wings, control surfaces, and engine. By end user, the market is segmented into commercial, military, and general aviation. The report also covers the sizes and forecasts for the aircraft fairings market in major countries across different regions. For each segment, the market sizes and forecasts are offered in value (USD) terms.
| Application | |
| Fuselage | |
| Landing Gear | |
| Wings | |
| Control Surfaces | |
| Engine |
| End User | |
| Commercial | |
| Military | |
| General Aviation |
| Geography | |||||||
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Aircraft Fairings Market Research FAQs
How big is the Aircraft Fairings Market?
The Aircraft Fairings Market size is expected to reach USD 2.49 billion in 2024 and grow at a CAGR of 4.16% to reach USD 3.06 billion by 2029.
What is the current Aircraft Fairings Market size?
In 2024, the Aircraft Fairings Market size is expected to reach USD 2.49 billion.
Who are the key players in Aircraft Fairings Market?
Daher, Strata Manufacturing PJSC, FACC AG, Composites Technology Research Malaysia Sdn Bhd (CTRM) and Saab AB are the major companies operating in the Aircraft Fairings Market.
Which is the fastest growing region in Aircraft Fairings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Fairings Market?
In 2024, the North America accounts for the largest market share in Aircraft Fairings Market.
What years does this Aircraft Fairings Market cover, and what was the market size in 2023?
In 2023, the Aircraft Fairings Market size was estimated at USD 2.39 billion. The report covers the Aircraft Fairings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Fairings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft Fairings Industry Report
Statistics for the 2024 Aircraft Fairings market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Aircraft Fairings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
