Commercial Aircraft Door Market To be Led by Asia Pacific Through 2028
Increasing number of
aircraft in the countries and growing investment driving the growth of global commercial
aircraft door market in the forecast period.
According to
TechSci Research report, “Commercial Aircraft Door
Market- Global Industry Size, Share, Trends, Competition, Opportunity, and
Forecast, 2018-2028F”, The
global commercial aircraft door market is anticipated to grow at considerable
CAGR in upcoming years. During the projected period, the market for
commercial aircraft doors is expected to expand. The key factors driving the
aircraft doors market is rising demand for air travel, which leads to an
increase in the number of commercial aircraft in developing countries. The
growing need for commercial and business aircraft from emerging nations is
another factor influencing both the demand and production of aircraft.
For
transport aircraft, Collins Aerospace is investing in research and development
for producing next generation of passenger and cargo doors using its expertise as
a pioneer in composite aircraft parts. Moreover, the expansion of the
commercial aircraft door market is being driven primarily by the rise in
international tourism, expanding aircraft fleets, and rising demand for
lightweight materials.
The
number of orders placed by airline operators for aircraft also affects the
market for aircraft doors. High order volumes can put pressure on aircraft OEM manufacturer's
productivity, causing backlogs which restricts the market's overall trends.
Similarly, to install hydraulic gates, highly skilled workers are required,
which could hinder the market's expansion for aircraft doors throughout the
forecast period. In order to capitalize on the growth potential of the aircraft
door industry, manufacturers are also growing their customer base in nations such
as China and India. Because of the technological challenges in hydraulic
aircraft door system, including cargo doors and weapon-bay doors, experiences
limited growth.
A
significant increase in demand for aircraft doors is expected as a result of
rising demand for air travel and freight traffic. Furthermore, given that
increased urbanization and industrialization have already contributed to an
increase in air travel in recent years, the trend is anticipated to continue
during the forecast period. More than 20,000 commercial aircraft are currently
in operation worldwide, meeting the demand for air travel from passengers all
over the world. Meanwhile, over the next 20 years, Airbus predicts a demand for
39,490 new passenger and freighter aircraft. Additionally, In 2022, airline
companies around the world to add more than 1,200 aircraft to their fleet. North
America and Asia-Pacific are expected to get the majority of the supplies in
2022. Owing to above factors, commercial aircraft door market is
expected to grow during the forecast period. Moreover, aircraft manufacturers
are focusing on reducing the overall airplane weight to enhance fuel efficiency
and profitability.
In Asia-Pacific, the aircraft door
market is anticipated to expand significantly throughout the forecast period owing
to commercial aircraft deliveries. In addition to China and India, two of the
world's major aviation markets, nations such as Indonesia, Vietnam, Thailand,
and the Philippines are seeing an unprecedented rise in air passenger traffic
as a result of increasing tourism in their countries. A significant number of
major corporations and a high level of air travel are expected in North
America, and is projected to hold the highest share during the forecast period.
Passenger doors are anticipated to dominate the category during the forecast period,
followed by the service/access door segment.
Commercial
aircraft door market is segmented on the basis of aircraft type, door type, end
user, type, and region. Based on aircraft type, the market is segmented into narrow
body aircrafts, wide body aircrafts, business aircrafts, and large aircrafts. Based
on door type, it is further divided into passenger doors, cargo doors,
emergency doors, service/access doors, landing gear doors, and others. On the
basis of end user, the market is further split into regional and commercial.
Based on type, it is further divided into fixed wing aircraft and rotary wing aircraft.
On the basis of region, the market is divided into Asia-Pacific, Europe, North
America, South America, Middle East & Africa.
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Some of the major companies operating in the global commercial
aircraft door market include:
- Collins Aerospace
- Aernnova Aerospace S.A.
- Bombardier Inc.
- Elbit Systems Ltd.
- The Groupe Latécoère
- Saab AB
- SICAMB SpA
- Safran SA
- Mitsubishi Heavy Industries
- Elbit Systems
These are the key players developing advanced
technologies and launching new products to stay competitive in the market.
Other competitive strategies include mergers with tech firms, new product
developments, and marketing activities to increase customer outreach.
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“The demand for
commercial aircraft doors is rising due to emerging countries such as India,
China etc. Furthermore, It is anticipated that, Asia Pacific region to grow at
high CAGR in upcoming years Also, Commercial aircrafts are dominating the
aircraft industry which results in increasing demand for commercial aircraft
door market.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Commercial Aircraft Door Market – Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By
Aircraft Type (Narrow Body Aircrafts, Wide Body Aircrafts, Business Aircrafts,
Large Aircrafts), By Door Type (Passenger Doors, Cargo Doors, Emergency Doors,
Service/Access Doors, Landing Gear Doors, Others), By End User (Regional,
Commercial), By Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Region,
Competition” has evaluated the future growth potential of global commercial aircraft
door market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global commercial
aircraft door market.
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