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Increase in aircraft deliveries and high demand for lightweight aircraft doors are key factors driving the growth of the aircraft doors market.
The aircraft doors market is projected to grow from USD 3.68 billion in 2017 to USD 5.22 billion by 2022, at a CAGR of 7.25% during the forecast period. Factors such as rise in aircraft deliveries and increased focus on maintenance of aircraft doors are projected to drive the growth of the aircraft doors market. Stringent regulatory environment is acting as a key restraint to the growth of the market.
Based on application, the commercial aviation segment is projected to lead the aircraft doors market during the forecast period.
The commercial aviation application segment is expected to lead the aircraft doors from 2017 to 2022. The growth of the commercial aviation segment can be attributed to the rise in commercial aircraft orders, owing to the increasing air passenger traffic, especially in the Middle East and Asia Pacific.
North America is estimated to account for the largest share of the aircraft doors market in 2017.
The presence of major aircraft manufacturers and airlines, such as Boeing US, Lockheed Martin US, Bombardier Canada, Bell Helicopter US, Sikorsky Aircraft US, American Airlines US, and United Airlines US in North America is projected to drive the growth of the aircraft doors market in this region. The aircraft doors market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increase in aircraft production in countries, such as India and China.
Breakup of profile of primary participants in the aircraft doors market:
By Company Type: Tier 1 35%, Tier 2 45%, and Tier 3 20%
By Designation: C Level 35%, Directors 25%, and Others 40%
By Region: Asia Pacific 40%, Europe 20%, North America 10%, and RoW 30%
Key companies profiled in the report include Airbus Helicopters Germany, Latecoere France, Saab Sweden, Elbit Systems Israel, Triumph Group US, and Mitsubishi Heavy Industries Japan.
This research report categorizes the aircraft doors market on the basis of end user OEM and aftermarket, application commercial aviation and military aviation, and door type passenger doors, cargo doors, emergency doors, service/access doors, landing gear doors, and others. These segments and subsegments have been mapped across major regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analyses industry analysis industry trends, market share analysis of top players, competitive leadership mapping matrix, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and highgrowth segments in the aircraft doors market, highgrowth regions, and market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on aircraft doors offered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new product launches in the aircraft doors market
Market Development: Comprehensive information about lucrative markets the report analyzes the aircraft doors market across varied regions
Market Diversification: Exhaustive information regarding new products, untapped geographies, recent developments, and investments in the aircraft doors market
Competitive Assessment: Indepth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the aircraft doors market
Original Article: Aircraft Doors Market by End User OEM and Aftermarket, Application Commercial NBA, WBA, VLA, RTA, Business Jets and Military Transport Aircraft, Helicopter, Door Type Passenger, Cargo, Emergency, Access, Landing Gear Global Forecast to 2022 [Report UpdatNEXT ARTICLE