February 20, 2020
According to the research report titled ‘Aircraft Window Frame Market Size By Aircraft (Commercial [Narrow body, Wide body], Regional, Business, Helicopter, Military), By Product (Cabin, Cockpit), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, Japan, India, Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available at MarketStudyReport.com, the global aircraft window frame market is set to acquire commendable gains by the year 2025.
According to the report, surging number of air travel passengers and expanding tourism industry has soared aircraft production, which is likely to propel aircraft window frame market growth. The aircraft manufacturers are striving to add more seats and windows to enhance airliners operational efficiency, which is positively impacting growth parameters.
Governments are introducing several stringent mandates for inspection and testing of aircraft window frames at regular flight cycles to maintain airworthiness. Also, repeated testing and replacement of aging parts are required to reduce the chances of unintended component failures and ensure safe flight travel. All these factors are slated to offer prolific growth opportunities to aircraft window frame industry.
In 2018, commercial aircrafts held maximum volume share due to escalating aircraft production and supplies across the world. Furthermore, extending network of routes and lower airfare have intensified the demand for economic carriers, which will provide spiraling growth to aircraft window frame market share. Increasing focus of aircraft manufacturers to lessen backlogs and increase aircraft deliveries is likely to bring visible benefits to the industry. For example, in 2018, Boeing declared a total of 806 deliveries, as compared to 763 deliveries in 2017.
Military aircraft have pushed the revenue graph of aircraft window frame industry to depict an upward trajectory owing to the rising military budget across the world. Also, governments are aiming to develop their military by improving their existing aircraft fleet and buying lightweight aircraft, which is positively impacting aircraft window frame market trends.
Based on the product landscape, cabin is anticipated to witness forward integration due to amplifying demand for commercial aircraft. Furthermore, the aircraft manufacturers are outlaying a series of investments for rolling out the latest aircraft models to cater to a wide customer base. This can be validated by the announcement made by Boeing in 2019 to deliver 777x aircraft to Lufthansa, its launch customer in 2020.
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Europe aircraft window frame industry is predicted to witness significant growth in the coming years owing to the towering popularity of low-cost carriers. The region has sprouting tourism industry and expanding network of air routes supplemented with economic airfares. In Addition, the mounting demand for business jets due to favorable jet ownership programs, such as fractional jet ownership, will further influence Europe aircraft window frame market outlook.
Some of the renowned aircraft window frame industry participants include ACE Advanced Composited GmbH, PPG industries, SIFCO Industries, GKN Aerospace, Nordman Group, and LMI Aerospace among others. The leading companies are converging towards securing strategic long-term agreements and deals from aircraft manufacturers to increase their share in aircraft window frame market.
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