The market for Aircraft Doors Market is expected to reach USD$ 3.75 Bn in 2027.
The global aircraft doors market was valued at US$ 3.75 Bn in 2018 and is expected to witness notable growth, expanding at a CAGR of 4.49% during the forecast period from 2019 to 2027. Aircraft doors are designed and manufactured as an integral part of airframe structure with air-tight precision. Based on their working principle and position in the airframe body, aircraft doors are locked either by means of pressure difference on opposite sides of the door or by an external locking mechanism. With technological development in manufacturing processes and advanced materials, aircraft manufacturers are constantly focusing on improving their ball game. Composite materials are being used by manufacturers for airframe manufacturing owing to their comparatively better strength-to-weight ratio than conventional metals and alloys. Similarly, the welding process for such composite door materials is being improved in order to provide fail-safe and air-tight operation.
Significant growth in the number of air passengers, along with the consistent rise in demand for aircraft, is projected to boost the global aircraft doors market. Similarly, globalization and increased trade movements over the years are anticipated to accelerate the aircraft doors market for business jets. Further, the adoption of coming-of-age 3D-printing technology for aircraft door manufacturing is the key area of focus for manufacturers. For instance, Sogeclair SA aerospace company has successfully produced high-strength & lightweight aircraft doors with the use of Voxeljet VX1000 3D-printer and aims to continue such production. The purchase of modern military aircraft by governing bodies in order to bolster their military strength is bound to grow the demand for military aircraft doors across the globe. For instance, the Russian air force acquired some advanced military aircraft in 2018, including Su-35S & Su-30SM fighters, Su-34 bombers, Mi-8 transport helicopters, and Yak-130 training aircraft, among others.
Electrically operated aircraft doors, known as Next Generation Equipped Doors (NexGED), are paving their way in the aircraft doors market. Electric doors provide superior performance and better emergency evacuation passage over conventional mechanical doors owing to linear actuators that are used for arming and disarming the slide. Such technological advancement, combined with a growing consumer base for airline travel, is expected to boost the aircraft doors market during the forecast period.
Based on aircraft type, commercial aircraft contributed a major share of the overall aircraft doors market in 2018. The global consumer base for commercial aviation is growing significantly over the years. Such rising air passenger traffic ultimately demands an increased air fleet size. Further, Low-cost carriers (LCCs), owing to their continuous innovation and leveraging cost efficiency, have revolutionized the short-haul market by providing low-cost air travel to consumers. Airlines, especially in regions such as the Middle East and the Asia Pacific, are gaining eminent share in the global aviation sector. The rise in the production of new aircraft owing to the aforementioned reasons will, in turn, drive the aircraft doors market during the forecast period.
The global aircraft doors market, based on geography, was led by North America in 2018. The growth of this region is mainly accredited to the presence of major aircraft manufacturing companies and airlines such as Airbus, Boeing, American Airlines, and Bombardier Aerospace, among others. Apart from this, higher spending capability, a growing economy, and a huge consumer base for air travel are key factors accelerating the aircraft doors market growth in the region. Similarly, huge budget allocation by regional governments in upgrading their military by purchasing new aircraft or modernizing existing ones is expected to accelerate aircraft door market growth during the forecast period.
Aircraft doors market players are adopting several strategies such as new product development, contracts & agreements, partnerships, and joint ventures to be competitive in volatile market dynamics and to cater to the ever-growing aircraft delivery demands. Key players considered in the aircraft doors market include Airbus Group, Triumph Group, Inc., Mitsubishi Heavy Industries, Ltd., Honeycomb Company of America, Inc., Saab AB Aerospace Company, DAHER-SOCATA Aircraft Manufacturers, Elbit Systems, Ltd., Group Latecoere, TransDigm Group, Inc., Collins Aerospace, Goodrich Corporation and GKN Aerospace Services, Ltd. among others.
The research report presents the analysis of each segment from 2019 to 2027, considering 2018as the base year for the research. Compound Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from2019 to 2027.
The aircraft doors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global aircraft doors market based on door type, aircraft type, revenue source, and geography. Key segments covered in the report are as follows:
Research Period 2017-2027
The base Year 2018
Forecast Period 2019-2027
Historical Year 2017
Unit USD Billion
The market for Aircraft Doors Market is expected to reach USD$ 3.75 Bn in 2027.
The Aircraft Doors Market is expected to see significant CAGR growth over the coming years, at 4.49%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Airbus Group, Triumph Group, Inc., Mitsubishi Heavy Industries, Ltd., Honeycomb Company of America, Inc., Saab AB Aerospace Company, DAHER-SOCATA Aircraft Manufacturers. are some of the major players in the global market.