Aircraft Doors Market Size Projected to Generate a Revenue of $9,057.5 Mn by 2031Download Sample Reports Overview
The Global Aircraft Doors Market Size is predicted to be valued at $9,057.5 million by 2031, surging from $4,968.0 million in 2021, at a noteworthy CAGR of 6.2%
Impact Analysis of COVID-19 on the Aircraft Doors Market
The COVID-19 pandemic has led to severe disruptions, that have affected the demand and availability of aircraft doors across commercial applications. The COVID-19 pandemic had a negative impact on the aviation industry as a result of which the airline industry suffered a complete stoppage of air travel and all operation-related activities during the outbreak. During the COVID-19 pandemic, the aircraft industry had a downfall in demand due to massive supply chain disruption, production halts, and deferred orders. However, when the impact of COVID-19's second wave fades and airlines resume operations, the aircraft doors market share is expected to grow throughout the projected period.
Global Aircraft Doors Market Analysis
The growing demand for ultralight aircraft components to improve fuel economy, with the expected growth in air passenger traffic, is producing a major shift in the aircraft manufacturing industry. These doors offer the choice of manual or automatic operation. New airplane doors are constructed to give increased durability while reducing door weight, as opposed to traditional aircraft doors. Also, the number of individuals flying is steadily increasing as a result of increased COVID-19 vaccination rates around the world and slacker air travel regulations. The continuous increase in passenger traffic encourages airlines and aircraft operators to invest in new aircrafts as a way of fleet modernization. All these factors are anticipated to boost the aircraft doors market size.
Technical issues with hydraulically powered aircraft doors, such as those for cargo and emergency exits, may restrain market expansion. The requirement for fluid compatibility for fire resistance fluid and no leaks for the development of aircraft doors hydraulics, and specific maintenance schedules for checking the fluid condition of an aircraft present extra problems. All these factors are anticipated to hinder the aircraft doors market growth.
The demand for low-cost carriers is being fueled by rising travel as well as booming tourism. The presence of significant aircraft manufacturers and robust economic growth both have helped to improve the expansion of the aircraft doors industry. Also, higher seating capacity in low-cost carriers, as well as lower rates in comparison to traditional air carriers, are driving industry expansion. Government and other foreign companies are being drawn into the sector by the proliferation of commercial activities and the growth of air passenger and freight traffic. Aircraft door producers are concentrating on long-term growth strategies with aircraft companies and MROs, investing in manufacturing and research programs, expanding their line of business, and improving quality and productivity in an effort to boost profitability.
Global Aircraft Doors Market, Segmentation
The global aircraft doors market is segmented based on door type, aircraft type, end-user, and region.
The door type segment is further classified into passenger doors, emergency exits, cockpit doors, cargo doors, and others. Among these, passenger doors accounted a dominant aircraft doors market share in 2021. The increasing number of passenger doors in wide-body aircraft combined with the higher prices is the main driver for the growth of the sub-segment.
The aircraft type segment is further classified into commercial and military. Among these, the commercial sub-segment had a dominant market share in 2021. A rise in new aircraft orders has been attributed to airline operators expanding their aircraft fleets in response to increased air passenger traffic. The demand for aerospace parts like aircraft doors is projected to expand in the near future due to the increase in commercial aircraft production.
The end-user market has been divided into OEM and aftermarket. Among these, the OEM sub-segment accounted for highest revenue share in 2021. The installation and compatibility of the aircraft parts are often guaranteed by the OEM to the aircraft manufacturer. The replacement of OEM parts is less difficult than the company fitted components. As aircraft manufacturer and users are becoming more concerned about the overall safety of passenger due to which the aircraft doors market for OEM is expected to grow.
The aircraft doors market share in the Asia-Pacific region is projected to show the fastest growth in 2031. A rising number of commercial aircraft deliveries in the Asia Pacific area, as well as China and India being two of the world's largest markets and an increase in air travelers, are all expected to make this region the leader in the aircraft doors market growth.
Key Players in the Global Aircraft Doors Market
Some of the leading aircraft doors market players are
- Groupe Latécoère
- Aviation Technical Services
- Altitude Aerospace
- Collins Aerospace
- FACC AG
- Hellenic Aerospace Industry
- Potez Aéronautique
- Primus Aerospace
In June 2022, Dynamatic Technologies, based in Bengaluru, has been awarded the contract to produce the Escape Hatch Door for Airbus A220 aircraft. The contract was awarded by STEllA AERONAUTIQUE CANADA Inc., a newly formed subsidiary of Airbus Atlantic SAS.
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