Aircraft Fairings Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The market is expected to be dominated by the commercial segment, whose revenue forms a major part of the total revenues of the industry. Currently, narrow-body aircraft are witnessing high demand, driven by increasing passenger traffic, mainly in developing countries. With the increasing demand, the production rates of commercial aircraft increased over the years, putting pressure on the players in the supply chain to increase their production capacities as well. The manufacturer of Airbus A320 and Boeing B737, two of the largest-selling commercial aircraft in history, saw steady growth over the years. Airbus is increasing the production of the A320 family of aircraft to 60 units per month. Hence, companies like FACC AG, Patria Aerostructures, Teledyne CML Composites, Ducommun Aerostructures, Avcorp Industries Inc., and CTRM are involved in the supply chain of fairings for these models, who will also be pressurized to ramp up their production levels. Thus, the market is expected to be higher in the commercial aircraft segment in the years to come. 

The Aircraft Fairings Market is valued at USD 1.80 billion in 2023 and is expected to reach USD 2.50 billion by 2028, growing at a CAGR of 6.81% during the forecast period (2023-2028).

The increasing demand for newer generation aircraft is making the aircraft OEMs increase their production rates, thereby putting pressure on the aircraft fairing suppliers to increase their production volumes as well. The market saw a rise in demand for commercial aircraft driven by increasing fleet expansion and growth of low-cost carriers, which is driving product demand. In addition, growth in this market is likely to be encouraged by the growing uptake of military training and fighter aircraft from various governments for expanding their defense competencies.

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