April 29, 2020
As per the report titled ‘Aircraft Door Market Size By Aircrafts, By Door, By Operating Mechanism, By Distribution Channel , Industry Analysis Report, Regional, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, global aircraft door market is projected to witness strong CAGR during 2019-2025.
Increasing demand for air carrier fleet owing to growing number of air passengers in tandem with customer preference for air travel is driving the growth of global aircraft door market. Rising penetration of low-cost carriers operating on expanded air routes spanning across multiple cities at cheaper air fare is enhancing the market growth.
Growing focus among airplane manufacturers to reduce the gross aircraft weight by using advanced materials to improve the operational efficiency is positively impacting the market growth. For instance, Boeing’s 787 Dreamliner utilizes carbon fiber composites, lowering the weight and enabling easier opening and closing operations, thereby boosting the growth of aircraft door industry. Additionally, Latecoere introduced an electric gate concept called NexGED in 2017, which operates with push button and opens automatically in case of an emergency landing. Such innovations will expand the business landscape in the coming future.
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In 2014, The European Commission released funds for a research group to develop carbon nanotube technologies for airplane exit systems. Hence, favorable government initiatives to develop innovative, lightweight, durable, and efficient materials for production of aircraft doors are expected to enhance the market outlook over the forecast timeline.
Based on the aircraft type, commercial aircraft segment is reckoned to see considerable growth during the forecast period. Increasing air carrier deliveries across the globe to fulfill the growing demand is the primary growth driver of the segment.
Elaborating on the door spectrum, passenger segment is poised to exhibit a sizeable growth in the coming years, owing to its primary function of serving as entry and exit points from an airplane.
By operating mechanism, manual segment currently holds over 53% volume share and is presumed to witness modest gains during the study period. The growth can be attributed to its use for passenger exit and emergency exit in air carriers including regional, commercial, and business jets. Lower cost as compared to hydraulic systems along with ease usability and minimal maintenance requirements are supporting the demand for manual mechanisms.
Speaking of the distribution channel, aftermarket segment is slated to grow substantially during the study period, owing to strict on-condition inspection to ensure the product’s air-worthiness. In addition, stringent MRO requirements for overhauling and restoration of aging airplane fleet is augmenting the segment growth.
As per the regional analysis, North America accounts for huge portion of global aircraft door market share. Presence of major airplane manufacturers coupled with rising military budget allocation for maintenance of military jets will support North America market.
Major players of global aircraft door market are Airbus SE, Aernnova Aerospaces S.A, Apex Industries, Arnprior Aerospace Inc., Bombardier Aerospace, AVIATION TECHNICAL SERVICES, CHC, Elbit Systems Ltd., DAHER SOCATA, Field Aviation, Hindustan Aeronautics Limited, Hellenic Aerospace Industry, KF Aerospace, Hindustan Aeronautics Limited, Latecoere, SAAB AB, Mitsubishi Heavy Industries, Ltd., and STELIA Aerospace.