Aircraft Fairings: Market Analysis and Forecast
An airplane fairing is any structure on an aircraft with the primary purpose of producing a smooth exterior and reducing drag. These structures serve as covers for gaps and spaces between parts of an aircraft, helping to reduce form drag, interference drag, and improve the aircraft cosmetically. Fairings are found on the fuselage, cockpit, elevator, stabilizers, cowlings, rudder, landing gear, wings, and more. As they perform an important function on so many parts of an aircraft, it’s no surprise that fairings are in high demand. This blog will analyze how the fairings market performed in 2019 and provide some insight into what the next five years might hold.
The airplane fairing market as a whole is projected to grow by 9.2% over the next five years. However, there are three main sections by which the aircraft fairings parts market is segmented: end-user type, application type, and region. The end-user segment is made up of the OEM (original equipment manufacturer) and aftermarket categories. In 2019, the aftermarket category led this segment and is expected to continue doing so during the coming period. The aftermarket category is so abundant because of the constant need to replace parts such as flight control surfaces, fuselages, nacelles, wheels, flaps, trailing edges, and more during routine maintenance and repair. Additionally, many aftermarket services also provide Maintenance, Repair, and Overhaul (MRO) assistance.
The second market segment, by application type, is broken up into the categories of flight control surface, fuselage, nose, engine, landing gear, wings, and cockpit. The fuselage took up the largest share of the market last year, and forecasts indicate that won’t be changing. The fuselage is the core and central piece of a fixed-wing aircraft, providing space for cargo, controls, accessories, passengers, and many other pieces of equipment. The fuselage is constructed from bulkheads, frames, floor beams, and stringers. In single-engine aircraft, the fuselage also contains the power plant, though multi-engine aircraft will have engines attached to the fuselage or hung from the wing configuration. As such a large and integral section of the aircraft, the fuselage inevitably has many different aircraft fairing designs attached to it.
When you look at the leading regions in the aircraft fairings parts market, North America was at the top in 2019. The North American market is comprised of the United States, Canada, and Mexico, and despite the formidable economic power of those three countries, is still considered an emerging market. This is because of the high demand for new aircraft and need for replacement of older fleets. Despite this, Asia-Pacific (China, Japan, South Korea, India, Australia, and more) is the heir apparent to this title. Bolstered by the constant modernization of the region’s aviation industry, the need for more advanced aircraft fairings has already peaked and does not appear to be slowing down. While all of the Asia-Pacific region is contributing to this, China and India, as you might have guessed, are the two biggest contributors. The European market is also projected to experience significant growth in the next five years.
The most significant companies in the aircraft fairings market include Airbus, Avcorp, AAR Corporation, Arnprior Aerospace Inc., Boeing, Barnes Group, Daher, CTRM Aero Composites, and FACC AG. These manufactures are continually producing aircraft wheel fairings, strut fairing kits, and many other fairing configurations for application throughout the industry. All things considered, it’s a great time to be in the aircraft fairing market.
At ASAP Aviation Procurement, owned and operated by ASAP Semiconductor, we can help you find all the aircraft fairing parts for the aerospace, civil aviation, and defense industries. We’re always available and ready to help you find all the parts and equipment you need, 24/7-365. For a quick and competitive quote, email us at email@example.com or call us at 1-702-919-1616.