Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the aircraft door market provides an in-depth analysis of segments and sub-segments in the global as well as regional aircraft door market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aircraft door market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global aircraft door market. According to the report, the global aircraft door market is projected to reach USD 7.73 billion by 2027 from USD 4.92 billion in 2021, growing at a CAGR of 7.82% over the forecast period of 2021-2027.
The aircraft doors are essential parts of overall aircraft construction and are designed to be used on the ground. Compared to conventional counterparts, the aircraft door offers a superior strength-to-weight ratio as a high engineering-driven component. A door of typical commercial aircraft itself is a highly complex component that is often formed from sheet metal pieces and contains as many as 60-100 different parts and as many as 1000 or more fasteners. In addition, the aircraft door may also be provided with various seals, hinges, latches, releases, handles, and other appropriate components. Moreover, the new manufacturing technique is adopted by industry players to maintain the weight to strength ratio of these components. Manufacturers' affordable lightweight products will undoubtedly influence the aircraft door penetration. Additionally, due to the growing usage of composite materials, industry players are also adopting advanced manufacturing processes. Such materials reduce the overall weight of the aircraft door compared to metal parts like cast aluminum and black aluminum composites. Furthermore, the strict emission regulations positively influence the demand for the product.
The increase in the demand for lightweight aircraft doors propels the market’s growth. The reduced weight aircraft uses lesser fuel which becomes very case sensitive in military aviation; hence there is a huge demand for lightweight yet strong aircraft doors and other aircraft parts for reducing overall weight. The manufacturers are adopting new techniques for maintaining the weight to strength ratio of the aircraft and using composites like black aluminium and cast aluminium. This reduces the aircraft’s overall weight and production cost, which is expected to drive the market’s growth during the forecast period. Moreover, there is growth in the acquisition of new aircraft in all the commercial, military, and general aviation segments, which has led to an increase in the demand for aircraft parts and components like doors. This can be a prime driving factor of the aircraft door market. On the other hand, manufacturers are facing many issues related to the recyclability of composite materials used to reduce the weight of the aircraft door and other parts. This can hamper the growth of the aircraft door market during the forecast period. Additionally, there are some existing backlogs in the aircraft deliveries, which will negatively impact the market’s growth. Nevertheless, technological progressions like advanced passenger doors equipped with folding handrails and retractable steps that provide ease of operation and space optimization are giving tremendous opportunities to the market.
The aircraft door market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to dominate the aircraft door market by holding the highest market share due to the strong presence of industry participants. For instance, prominent companies in North America like American Airlines Group Inc. and Delastek Inc. are working on aircraft's weight to strength ratio, creating massive demand for the product in the region. Furthermore, the European region is expected to witness significant growth during the forecast period due to the presence of OEMs such as Airbus SAS. Moreover, the Asia Pacific region market is expected to register the highest CAGR during the forecast period due to growing aviation industries in countries such as China, Japan, and India, increasing the demand for aircraft doors in the region. Also, there is an increase in FDI of the major manufacturers in the region due to easy raw material availability, supporting industry growth. Additionally, the region has witnessed rapid growth in air passengers during the past few years.
The report on global aircraft door market covers segments such as door type, application, and end user. On the basis of door type, the sub-markets include passenger doors, cargo doors, service access doors, emergency doors, landing gear doors, and others. On the basis of application, the sub-markets include commercial, and military. On the basis of end user, the sub-markets include oem, and aftermarket.
The report provides profiles of the companies in the market such as Airbus Helicopters, Latecoere, Saab, Elbit Systems, Triumph Group, Mitsubishi Heavy Industries, Collins Aerospace, Safran SA, and Others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aircraft door market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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