Market Trends of Aircraft Windshield Wiper Systems Industry
Commercial Aircraft Segment is Expected to Show Significant Growth During the Forecast Period
- The commercial aircraft segment will showcase remarkable growth during the forecast period. The growth is due to the increasing number of commercial aircraft orders and deliveries and the rising use of advanced windshield wiper systems.
- The growing number of air passengers, increasing spending in the aviation sector, and rising procurement of general aviation aircraft drive the market growth during the forecast period. In March 2022, the International Air Transport Association (IATA) forecasted that overall traveler numbers to reach 4.0 billion in 2024. Furthermore, it projects that the number of air travelers could double to 8.2 billion by 2037.
- Commercial aircraft which are used in the airline industry, such as the Boeing B747, Boeing B737, Airbus A220, and many other variants, have windshield wipers that are used to maintain visibility during the rainy season. Collins Aerospace is the prime supplier of windshield wiper systems to the Boeing B737 and Boeing B747 aircraft family, and Falgayras provides wiper systems to the Airbus A220 and A400M aircraft.
- The plane gains speed along the ground, and water from the nose cone will run over the windshield and reduce visibility which will be cleared with the help of wipers systems. Thus, growing demand for new commercial aircraft and rising aircraft modernization programs from airlines drive the growth of the market during the forecast period.
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Asia Pacific is Projected to Significant Growth in the Market During the Forecast Period
- Asia Pacific is anticipated to show remarkable growth in the aircraft windshield wiper market during the forecast period. The growth is due to the rapid expansion of the aviation sector and increasing procurement of commercial and military aircraft from countries like China, India, South Korea, and others.
- According to the International Air Transport Association (IATA), China became the largest aviation market in terms of seating capacity in mid-2020. According to plans released in February 2021, China is planning to have 400 civilian transport airports by the end of 2035.
- Furthermore, IATA projects that India will surpass and become the third-largest aviation market by 2024. Also, Boeing forecasts India's passenger traffic will grow at a rate of nearly 7 percent annually, compared with 4.9 percent in China from 2022 through 2041. India is planning to build 72 new airports with an approximate investment of USD 12 billion by 2025. Thus, growing demand for new aircraft and rising investment in the aviation sector drive market growth across Asia Pacific.
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