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Aircraft Fairings Market Analysis

ID: MRFR//8676-HCR | 168 Pages | Author: Sejal Akre| November 2024

Among various other factors such as technological progress, fuel efficiency endeavours, and the expansion of commercial aviation industries, Aircraft fairings sector has emerged as a critical segment in the aerospace sector. Aerodynamic structures for closing gaps and joints on aircraft external surfaces are called aircraft fairings. These contribute to the overall aerodynamic efficiency and reduce drag on airplanes. As technology advances, these fairing technologies have continued to change, influencing dynamics of the market through their impact on performance of planes.

The dynamics of the market for Aircraft Fairings are significantly underpinned by technologic developments in materials science and design. To make fairings lightweight composite materials including carbon fiber-reinforced polymers are being used by more and more manufacturers. This not only contributes to weight reduction but also improves fuel efficiency plus overall airplane performance. The demand for enhanced and aerodynamically efficient fairings has been reasonably high as airlines work towards optimizing their fuel consumption rates alongside operational costs.

Fuel economy is still a leading concern within the aviation industry; this is one area where aircraft fairings play a critical role in addressing this aspect comprehensively. With less air resistance around an airplane’s body thanks to improved airflow over it, huge amounts of energy present in fuels that propel them can be saved from which emissions will be reduced too. Market dynamics are further influenced through such new demands arising from both environmental concerns and regulatory pressures toward adopting sustainable aviation practices. Advanced fairing designs including those that meet strict environmental standards have become an increasingly attractive option among airplane manufacturers/operators who seek superior operational effectiveness.

In recent times, growing market dynamics for Aircraft Fairings have been driven primarily by an expanding commercial aviation sector. Airlines continuously upgrade their fleets due to increasing global demand for air travel with its associated passenger expectations and regulations requirements that must be met at all times hence there is continuous increase every year on new airplanes getting ordered or existing ones retrofitted or upgraded with advanced/efficient fairings. As commercial aviation is changing, the market has moved towards modular and customizable fairing designs for different types of aircrafts in order to meet various needs.

The Aircraft Fairings Market competitiveness is characterized by strategic partnership, alliances and collaboration among air crafts manufacturers, fairing suppliers and research institutions. This move enables pooling together of resources, sharing of technical knowhow, and development of innovative fairing solutions in partnership. Consequently these partnerships have enabled quick integration of new technologies into the market to meet dynamic market trends within the aerospace industry.

However, there are still hindrances such as meeting regulatory compliance requirements including certification processes. In order to get certified by the relevant authorities responsible for safety and performance standards in aviation industry, aircraft fairings require strict adherence thereto thereby increasing complexity in their market dynamics. It takes a considerable amount of time and use up many resources for a manufacturer to get all necessary certifications resulting into slowed down pace of product manufacturing plus presence within the markets.”

Aircraft Fairings Market overview:


Aircraft Fairings Market is expected to reach USD 2.63 Billion by 2032 and register a CAGR of 7.31% by 2024-2032


The aircraft fairings are crucial in the body of the aircraft for smooth finishing and operation. The aircraft fairings are crucial to reducing the dragging effect thereby also increasing the fuel efficiency and overall operation of the aircraft. The increasing demand across the commercial and military sectors in recent years is propelling the overall growth of the aircraft fairings industry.


The aircraft OEMs and the manufacturers are increasing their production rates due to the advent of new-generation aircraft. Moreover, the demand for lightweight aircraft fairings has propelled the manufacturers to utilize varied composites materials. These factors are considered as the major drivers of aircraft fairings market growth.


COVID 19 Analysis:


The declining economic condition due to the pandemic has significantly affected the aircraft fairings market growth. The stringent regulations imposed by the government and the traveling restrictions across the globe have significantly affected the aircraft fairings market value. However several aircraft organizations have invested in the procuring of this equipment to enhance fuel efficiency and efficient operations as well. Therefore the growth of the aircraft fairings industry has witnessed a balanced growth during the pandemic.


Market Dynamics:


Market Drivers:


The growing number of aircraft deliveries across the developed countries and the increasing utilization of advanced composite materials and metallic substances are considered as the major drivers of aircraft fairings market growth.


The increasing adoption of UAVs in the commercial and military sectors and the utilization of 3D printing technologies in the aerospace sector and significant other developments in the manufacturing units are propelling the overall growth of the aircraft fairings industry. For instance, the 3D printing technology is capable of cutting off the manufacturing complexes and reducing the time consumption as well. The other benefits associated with the technology such as flexibility, weight reduction, and convenience have helped in reducing the capital requirement of the aerospace industry. Such factors are considered as the major drivers of aircraft fairings market growth.


Market Opportunities:


The advent of novel technologies due to the research and development in the industry is presenting a lucrative opportunity for the overall growth of the aircraft fairings industry. For instance, plasma fairings technology has been utilized in major developed countries, to reduce the noise in the landing gears. Such advanced technologies are presenting favorable conditions for the growth of the aircraft fairings industry during the forecast period. 


The manufacturers are developing varied types of fairings for varied types of aircraft which include, flap track fairings, cockpit fairings, belly fairings, and significant others. Therefore these have increased the surface area and also even the surface. Moreover, they are also bringing in new technologies into the market. Such factors are considered as a major opportunity for the growth of the aircraft fairings industry.


Market Restraints:


The unavailability of recycling options for the composites used in the manufacturing of the aircraft fairings is considered as the major restraint of aircraft fairings market growth. 


The requirement of complex maintenance procedures and the increasing capital investments and the costs required for efficient maintenance are considered as the major restraints for aircraft fairings market growth.


Market Challenges:


The declining economic condition across the globe and the declining expenditure on the growth of the industry is considered as the major challenge for the overall growth of the aircraft fairings industry. Moreover, the issues related to advanced technologies such as 3D printing and other errors related to the advanced technologies in the aerospace manufacturing units are considered as the major challenge for aircraft fairing market growth.


The requirement of advanced technologies in the industry and the emerging market players who are unaware of utilizing these advanced technologies are considered as a major challenge for the overall growth of the aircraft fairings industry. Moreover, the regulations imposed on utilizing materials that don’t undergo proper recycling standards and the unavailability of the recycling facilities to recycle these composites are considered as the major challenge for aircraft fairings market growth. 


Cumulative Growth Analysis:


The market value of the aircraft fairings industry was at USD 1.6 billion by the year 2020 and is expected to surpass the market value of over USD 2.4 billion by the year 2027 while registering a CAGR of 6.2% during the forecast period. The growth of the aircraft fairings industry is highly influenced by the increasing demand for the novel generation of the aircraft in the industry and the OEMs are increasing their production rates as well. They are also propelling the suppliers to increase the production volumes as well.


The manufacturers on the other hand are utilizing varied composite materials to manufacture these fairings and this is considered as the trend in the aircraft fairings industry. The developing countries, due to the presence of higher passenger traffic, are showcasing higher demand for narrow-bodied aircraft and thereby increasing the demand for commercial aircraft, such factors are considered as the major drivers of aircraft fairings market growth. They help in smooth operations of aircraft by reducing the dragging of the aircraft; they increase the fuel efficiency and reduce the costs of the aerospace industry as well. Such beneficiary factors are propelling the end-users to adopt the aircraft fairings.


Value Chain Analysis:


The growth of the aircraft fairings industry is highly influenced by the increasing number of aircraft deliveries and the increasing adoption of UAVs in the military and commercial platforms. The manufacturers are also utilizing efficient composite materials for the development of these aircraft fairings and thereby propelling the overall growth of the aircraft fairings industry in recent times. The revenue from the commercial segment is making a large part of the total revenue of the industry and the narrow-bodied aircraft are gaining demand in the industry and thereby presenting favorable conditions for the overall growth of the aircraft fairings industry.


The advanced composite materials are used in the manufacturing of the aircraft fairings which offers higher efficiency and enhances the overall performance of the aircraft. Moreover, metallic materials such as aluminum, magnesium, and titanium alloys are providing higher stability for the aircraft fairings and thereby increasing the aircraft fairings market value. 


Segment Overview:


Based on End-user:



  • OEM

  • Aftermarket


Based on Platform:



  • Commercial

  • Military


Based on Material:



  • Composite

  • Metallic

  • Others


Based On Application:



  • Fuselage

  • Landing gear

  • Wings

  • Control surfaces

  • Engine


Regional Analysis:


Currently, the US is holding a higher market share in the aircraft fairings industry, and it was holding a market value of USD 420.1 million by the forecast period. The presence of a large number of prominent aircraft manufacturing companies across the country and the growing demand for aircraft due to the increasing passenger traffic is considered as the major drivers of aircraft fairings market growth. 


On the other hand, the Asia-pacific region is also witnessing a higher market share as the prominent market players are adopting advanced technologies in recent times. A recent report from IATA that air travel across the Asian countries will be greater than North America and Europe which are considered as the biggest markets across the globe. Also, the region is procuring a large number of airlines for the military sector as well. Such factors are presenting a favorable environment for the growth of the aircraft fairings industry during the forecast period.


Competitive Landscape:



  • FACC AG (Austria)

  • ShinMaywa Industries, Ltd. (Japan)

  • Strata Manufacturing (UAE)

  • Malibu Aerospace LLC. (US)

  • DAHER (France)

  • Airbus S.A.S. (Netherlands)

  • Boeing (US)

  • CTRM Sdn. Bhd. (Malaysia)

  • The NORDAM Group LLC (US)

  • AAR (US)


Recent Developments:


In the year 2020, The France government had announced their financial support plan of over USD 17 billion for the development of the aerospace sector, which is utilized for the aircraft manufacturing sector reconstruction, carbon-neutral aircraft development, and significant other developments. 


In the year 2019, one of the leading market players, parker Hannifin corporation had declared their agreement with the exotic metals forming company LLC which is known for its designs and manufacturing high temperature and higher pressure air and exhaust management solutions for the aircraft.


Report Overview:


This Report Has Covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments

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