Aircraft Door Market To Reach 4.8 Billion In 2027 | CAGR 3.6% - Forencis Research

Aircraft Door Market Size, Share, Trends, Growth, Analysis, Research

Global Aircraft Door Market: Key Highlights

  • According to the new market research report Aircraft Door Market by Type (Passenger Door, Cabin Door, Lower Deck Door, Cargo Door, Emergency Door, and Others), by Material (Aluminum, Stainless Steel, Carbon Fiber, Synthetic Rubber, and Others) by Application (Commercial Aircraft, Military Aircraft, and Private Aircraft) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast From 2020To 2027, the global aircraft door market is estimated to reach USD 4.8 Billion in 2027 at a CAGR of 3.6% during forecast period 2020-2027.
  • Increasing aircraft orders from the emerging and developed regions are acting as a driving force for the aircraft door market growth.
  • Regulation faced by the key manufacturers is projected to hinder market growth.

Aircraft Door Market

Global Aircraft Door Market: Key Market Dynamics

  • The aircraft door market is experiencing growth owing to rising aircraft orders. The increasing global flight iteration owing to rise in air passengers with higher per capita income is anticipated to drive the market growth ahead
  • Rising adoption of the lightweight aircraft component to reduce the overall weight of the aircraft is further increasing demand for composite, lightweight aircraft doors.
  • Advancement of technology leading to the development of Next Generation Equipped Door along with the emergence of on-demand aviation to boost urban mobility is projected to foster the market growth in the upcoming timespan
  • The regulation imposed on the overall aircraft manufacturing across different countries by the aircraft manufacturers is acting as a major roadblock for the market growth

Global Aircraft Door Market: Regional Overview

  • Asia-Pacific

The Asia Pacific aircraft door market is projected to experience growth in the forecast period owing to an increase in air traffic in the region. Asia Pacific aviation sector is emerged as a promising region and anticipated to attain unpredicted growth for a longer time period. The growth of this region is attributed to the rise in air passengers. As per the Asia Pacific Air Transport report, Air passenger traffic in the Asia Pacific is estimated to rise at a faster pace, reaching 4.3 billion by 2034. Increasing middle-class population, higher disposable income of the population resident in the region further pushes the air traffic, leading to more demand for new aircraft. This, factor is likely to favor the regional market growth in the forecast period.

  • North America

The growing Aviation sector in North America is giving rise to new aircraft. Demand for new aircraft in the region increases the adoption of aircraft doors. Increasing jet deliveries in North America by 2038, contributing to 31% of the global deliveries, as per Embraer report, is projected to fuel the market demand in the future.

Global Aircraft Door Market: Key Players Overview

  • Saab AB:

Saab AB is a Sweden based company engages by providing military and defense solutions. The company offers a range of products used in the air, ground, naval applications. The product portfolio includes passenger doors, bulk cargo door, emergency door for different aircraft type. The company constantly looks ahead to push the company’s existing position in the commercial aviation sector.  The company Saab has signed an agreement with the Airbus for the development and manufacture of the new design of the Over Wing Door in 2016.

  • Latécoère:

Headquartered in Toulouse, France, Latécoère designs, manufactures, assembles, installats and MROfor the aircraft components. The company operates through offering aerostructures and interconnection system throughout the globe. In aero structure segment, it offers aircraft door and fuselage that meet the extremely high standards of safety and performance. It is accountable for the end-to-end process resulting into development, production, certification and in-service support for their aircraft doors.

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Published : 2020-02-04