Jan 27, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Doors Market.
Aircraft Doors could not escape from such trends and witnessed a gargantuan decline (-35%+ in 2020). However, the industry is gradually rebounding in the year 2021 with the ramp-up of deliveries of aircraft. However, the halt in deliveries of B787 and the emergence of new strains of COVID-19 have somehow dismantled its recovery path. Overall, the aircraft Doors market is likely to rebound at a promising CAGR of 9.3%, in the long run, to reach US$ 1.9 Billion by 2027 assuming an expected increase in the production rates of key programs as pronounced by airframers paired with the introduction of new aircraft programs (COMAC C919, Irkut MC-21, etc.).
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An aircraft door is designed and manufactured with utmost precision in order to meet the required safety. It requires to meet extremely high standards of safety and airworthiness regulatory standards by federal authorities, such as FAA and EASA. The aircraft doors are also integrated and optimized in such a way that they also meet the emerging customer expectations along with considering the economic requirements of the industry. Increasing demand for lightweight aircraft parts to improve the fuel efficiency of an aircraft coupled with the expected rise in air passenger traffic keeps bringing a paradigm shift in its material dynamics. These doors can be operated manually or automatically. New airplane doors are engineered to provide higher strength while reducing the weight of the door, as opposed to classic aircraft doors. Materials like aluminum and composites are being used to retain the strength-to-weight ratio of door components.
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Based on the aircraft type, the aircraft doors market is segmented as narrow-body aircraft, wide-body aircraft, regional aircraft, and general aviation. Despite suffering a mammoth decline in 2020 due to the pandemic, the narrow-body aircraft is expected to remain the biggest demand generator for doors among all aircraft types during the forecast period. Early recovery of narrow-body aircraft factored by a resumption in production of B737MAX, expected rebound in production rates of key aircraft programs such as A320 family, and market entry of new aircraft programs (COMAC C919 and Irkut MC-21), are likely to create huge growth opportunities for door manufacturers in the narrow-body aircraft type segment over the next five years.
Based on the door type, the aircraft doors market is segmented as passenger door, service door, cargo door, nose landing gear door, main landing gear door, and emergency door. Passenger door continues to lead the market in years to come. A large number of passenger doors in a wide-body aircraft paired with its higher price is the key factor augmenting the domination of the passenger doors in the market. Passenger doors are large and comprise several mountings for the comfort and safety of the passengers as well as to maintain the interior cabin pressures. Passenger and service doors have everything in common except size. Usually, service doors are smaller than passenger doors.
Based on the material type, the market is segmented as aluminum and composite. Aluminum is expected to remain the dominant material, whereas composite doors are likely to be the faster-growing material type in the market during the forecast period. Years of proven track record paired with a long list of advantages over aluminum left no options before the aerospace giants (Boeing and Airbus) to incorporate composites in the maximum quantity in the crucial sections of their latest aircraft programs. Door, a pivotal section of airframe, witnessed a similar transition in material with the passenger and service doors of latest aircraft programs are built with composites. Even in composites, there have been rapid technological advancements with companies putting efforts to develop doors through the resin transfer molding (RTM) process to attain the advantages not possible to attain from prepreg layup.
Based on the end-user type, the market is segmented as OE and aftermarket. OE is expected to remain the dominant segment of the market during the forecast period owing to the factors, such as an expected increase in aircraft deliveries and introduction of new aircraft programs, huge order backlogs, and replacement of the early generation jets that burn more fuel with the latest fuel-efficient ones.
In terms of regions, North America is expected to remain the largest market for aircraft doors during the forecast period, due to the presence of a large number of major OEMs, such as Boeing and Airbus, which make the region a key growth engine of the aerospace industry. Most of the aircraft door suppliers have their presence in the region to address the emergent needs of OEMs and to be the partner for their existing programs. Asia-Pacific is anticipated to be the fastest-growing region during the forecast period, driven by several factors including increasing demand for commercial aircraft to support the expected rise in passenger traffic, opening of assembly plants of Boeing and Airbus, and upcoming indigenous commercial aircraft (COMAC C919).
Key Players:
Key players operating in the global Aircraft Doors market are-
- Airbus Helicopter SAS
- The Groupe Latécoère
- Spirit Aerostructure
- Avic International Holding Corporation
- Saab AB
- PCC Aerostructures
- The Atlas Group
- Hindustan Aeronautics Limited
- Avcorp Industries Inc.
- Mitsubishi Heavy Industries, Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of 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.
The Aircraft Doors analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- 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, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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