Aerospace Fairings Market Growth Analysis Report (2024-2034)

Market Insights

“The aerospace fairings market size was US$ 1,048.2 million in 2024 and is likely to grow at a decent CAGR of 3.7% in the long run to reach US$ 1,550 million in 2034.”

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Market Dynamics

Introduction

The aerospace fairings industry is booming, supported by the growing demand for more fuel-efficient and higher-performing aircraft. Fairings are just streamlined covers (or housings) to reduce drag and enhance vehicle aerodynamics, all of which are very important in gaining performance. The demand for fairings associated with the aerospace fairings market is driven by the increasing amount of global air passenger and cargo traffic, which is leading to aircraft production and the growth of aircraft fleets. Similarly, innovation in materials and manufacturing processes, such as the increasing use of lightweight composite materials, is enough to stimulate interest in the aerospace fairings market. Finally, the continual requirement for aircraft maintenance and system upgrades is a leading factor in stimulating the aerospace fairings market.

Recent Market JVs, Partnerships, and Acquisitions:

A considerable number of strategic alliances, including M&As, Partnerships, JVs, etc., have been performed over the past few years:

• In November 2018, UTC completed the acquisition of Rockwell Collins. United Technologies, which is made up of Collins Aerospace and Pratt & Whitney, will be the leading systems supplier to the high-growth commercial aerospace & defense industry with an unrivalled technology portfolio and scale to invest through economic cycles. Combined sales of the two companies were $39.0 billion on a pro forma basis in 2017. Collins Aerospace provides electrical, mechanical, and software products for all primary segments of the aerospace industry and serves both commercial and military customers.

Segment Analysis

By Aircraft Type

“Wide-Body Aircraft is experiencing the most significant growth in the market.”

Based on aircraft type, the aerospace fairings market is segmented into narrow-body aircraft, wide-body aircraft, very large-body aircraft, regional aircraft, and general aviation. The growth of the wide-body aircraft has experienced remarkable expansion, due to several converging factors. Growth in international air traffic is driving demand for wide-body aircraft. Expanding airline fleets, especially in Asia-Pacific, are increasing the need for efficient aerospace fairings.

By Application Type

“Engine cowl fairing is anticipated to experience the fastest growth in the market.”

Based on application type, the aerospace fairings market is segmented into wing-to-body fairings, flap support fairings, engine cowls, vertical fin fairings, and other applications. The increasing inclination toward wing-to-body fairings in the aerospace fairing industry is strongly driven by their Engine cowl fairings reduce drag, enhancing aerodynamic performance and fuel efficiency. Airlines are increasingly adopting lightweight composite engine cowls to cut fuel consumption.

By Material Type

“Composites fairing is expected to be the most preferred material type of the market.”

Based on material type, the aerospace fairings market is segmented into composites fairings and metal fairings. The composites fairing is expected to experience the largest growth in the aerospace fairings market due to various technological and economic trends. First, composites materials, including carbon fibre reinforced polymers (CFRP), are lightweight, which means reduced fuel costs and improved performance—something that is always significant in an industry focused on efficiency. Second, composites are also advantageous in terms of design flexibility. Manufacturing processes for composites, including automated fibre placement and faster resin moulding, are a huge part of how high-quality fairings can be manufactured for more and more cost-effective pricing. Further, regulations and concerns surrounding aircraft emissions and noise are also contributing to the utilization of composites, since they aid in producing lighter, more aerodynamically efficient aircraft. Because composites have longer life, durability, and resistance to corrosion, composites also provide lower maintenance costs and longer life fairings due to overall cost-effectiveness for airlines.

By Manufacturing Type

“Prepreg Layup is likely to be the market’s preferred manufacturing process.”

Based on manufacturing type, the aerospace fairings market is segmented into prepreg layup, stamping, and other manufacturing processes. The prefabricated layup manufacturing method is anticipated to lead the aerospace fairings market due to its advantages of producing a high-quality, consistent composite component. Pre-impregnated layup is an ideal method for creating intricate shapes and designs that aerodynamic efficiency will optimize – another driver of growth. In addition, as aircraft continue to be under scrutiny for their fuel efficiency and emissions compliance, there is concurrent demand for lightweight and high-performance components, such as the use of pre-impregnated layup, to provide these solutions.

Regional Analysis

“Asia-Pacific is anticipated to be the fastest-growing market for aerospace fairings.”

Based on region type, the aerospace fairings market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The aerospace fairings market will witness the highest growth in the Asia-Pacific region, driven by several factors. Primarily, the region's soaring aviation market, driven by increasing disposable income and middle-class growth, is leading to increased air travel and increased aircraft production. The expansion of low-cost carriers and the building of new airports throughout the region are driving demand for aircraft. Secondly, several of the countries within the Asia-Pacific region (e.g. China, India) are investing heavily in their aerospace industry, both commercially and for military purposes, leading to greater demand for aircraft components such as fairings. Also, the region's role as a gateway for global manufacturing and commerce is driving demand for air cargo transport and consequent fleet growth of wide-body aircraft, again leading to more fairings.

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Key Players

The market is consolidated, with over 100 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the aerospace fairings market. Some of the major players provide a complete range of services.

Here is the list of the Top Players (Based on Dominance)

• Spirit Aerosystems
• UTC Aerospace Systems
• Alenia Aermacchi S.p.A.
• FACC AG
• Boeing Canada Winnipeg Division
• DRB-HICOM- Composite Technology Research Malaysia Sdn Bhd (CTRM)
• Korean Air Aerospace Division

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The global aerospace fairings market is segmented into the following categories. 

Aerospace Fairings Market, by Aircraft Type

• Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Very Large-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aerospace Fairings Market, by Application Type

• Wing-to-Body Fairing (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Flap Support Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Engine Cowls (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Vertical Fin Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aerospace Fairings Market, by Material Type

• Composite Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Metal Fairings (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aerospace Fairings Market, by Manufacturing Process Type

• Prepreg Layup (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Stamping Process (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Manufacturing Processes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Aerospace Fairings Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Spain, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s aerospace fairings market realities and future market possibilities for the forecast period.

• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]