Aircraft Doors Market Scenario
Aircraft Doors Market Size Valued at USD 5.2 Billion 2030, market Grow at a CAGR Of 6.8% by 2024 -2032
Aircraft doors are designed and developed with utmost precision to meet the required safety and internal pressure and access control and management in various compartments of the aircraft. These doors are designed to withstand a variety of altitudes, temperatures, and adverse climatic conditions for an extended period of service life.
Market Synopsis
The Global Aircraft Doors Market is expected to register significant growth during the forecast period, owing to the increasing aircraft deliveries due to rising air passenger traffic. Furthermore, the growing focus of authorities on replacing existing aircraft doors is also expected to drive the growth of the market. Additionally, the increasing contracts between companies such as Triumph Group and the Boeing Company are also expected to drive the growth of the market. For example, in June 2018, Triumph Group signed an agreement with Boeing to supply aerospace structures, including horizontal stabilizers, doors and wing sections. However, issues related to the recyclability of the composite materials and stringent aviation regulations might hamper the growth of the global market.
Moreover, the ongoing COVID-19 pandemic is also expected to hamper the growth of the market. As the international borders are closed, air traveling has reduced. Additionally, more aircraft are being grounded, and airliners are delaying their aircraft delivery due to disrupted supply chains. Such factors are expected to hamper the growth of the global market. However, the increasing initiatives undertaken by the governments of countries such as the US, China, India, and Brazil to reduce the impact on the aviation industry might provide an opportunity for the growth of the aircraft doors market in the coming years.
Recent News :
In February 2024, Airbus announced that it will produce and assemble airplane doors for the A220 family in Bengaluru. This move aligns with the government's 'Make In India' initiative and comes as a result of a deal reached with Bengaluru-based Dynamatic Technologies. Dynamatic Technologies, based in Bengaluru, will be responsible for the production and assembly of the cargo, passenger, and service doors, as well as the over-wing emergency exit doors for the A220 family aircraft. Each aircraft will have a total of eight doors. The contract for the doors involves the production of intricate parts and components, which will open up prospects for other Indian suppliers in the future. The A220, with a maximum range of 3,600 nautical miles (6,700 kilometers) and seating capacity ranging from 100 to 160 passengers, is well-suited for India's Ude Desh ka Aam Nagrik (UDAN) plan. This scheme aims to improve regional connectivity and stimulate economic growth throughout the country.
In January 2024, Airbus announced the launch of its inaugural worldwide aircraft recycling initiative in Chengdu, a prominent aviation center located in southwest China, as reported by state-owned Xinhua news. The Airbus Lifecycle Services Centre (ALSC), which has received a 6 billion yuan ($838 million) investment, seeks to enhance the recycling rate of aircraft components and materials. The ultimate goal is to recycle over 90% of an aircraft's weight. With a vast area of 60 hectares, ALSC has the capacity to accommodate many types of popular aircraft and offers worldwide distribution channels for the resale of reusable parts from decommissioned aircraft.
Market USP
The introduction of various technologies such as advanced composite materials for aircraft doors and resin transfer molding technology for manufacturing aircraft doors are expected to drive the market growth.
Market Drivers
- Growing aircraft deliveries
- Increase in need for lightweight aircraft doors: Manufacturers are focusing on using composite materials to enhance tensile strength and other physical properties for reducing production cost and overall weight of the aircraft. This is expected to drive the growth of the global market during the forecast period.
Market Restraints
- Issues related to the recyclability of composite materials
- Existing backlogs in aircraft deliveries
- Stringent regulatory environment
Segmentation
By End-User
- OEM: The OEM segment dominated the global aircraft doors market in 2019 and is expected to grow at a higher CAGR during the review period owing to the rising demand for new aircraft to cater to the growing air passenger traffic.
- Aftermarket: The aftermarket segment is expected to grow with a significant CAGR during the forecast period, 2020 to 2026, as there is a large global aircraft fleet in operation, thus driving the demand for aftermarket services for aircraft doors.
By Application
- Commercial: The commercial segment dominated the market in 2019 and is expected to grow at a higher CAGR during the forecast period, 2020 to 2026. The increasing commercial aircraft orders to cater to the growing air passenger traffic is expected to drive the growth of the segment.
- Military: The military segment is expected to register a notable growth rate owing to factors such as the increasing demand for military aircraft with advanced capabilities. Furthermore, military modernization programs are also expected to drive the growth of the segment.
By Region
- North America: North America dominated the aircraft doors market in 2019 due to the presence of prominent companies such as American Airlines Group Inc. and Delastek Inc.
- Europe: The presence of prominent aircraft OEMs such as Airbus S.A.S is expected to drive the growth of the market in the region.
- Asia-Pacific: The market in this region is projected to register the highest CAGR during the forecast period. The growing aviation industry in countries such as China, Japan, and India is expected to increase the demand for aircraft doors in the region.
- Rest of the World: Increasing aircraft deliveries in countries such as GCC, Brazil, and South Africa are expected to increase the demand for aircraft doors in the region.
Key Players
- Safran (France)
- Hindustan Aeronautics Limited (India)
- Bombardier (Canada)
- Boeing (US)
- American Airlines Group Inc. (US)
- Aernnova Aerospace S.A. (Spain)
- Airbus S.A.S. (France)
- Latécoère (France)
- Saab AB (Sweden)
- Elbit Systems Ltd. (Israel)
Other Prominent Players
- Triumph Group (US)
- Esterline Technologies (US)
- Barnes Group Inc. (US)
- HONEYCOMB (US)
- DAHER (France)
- MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan)
- Delastek Inc. (Canada)
Report Attribute/Metric
|
Details
|
Market Size
|
Significant Value
|
CAGR
|
6.87% (2020-2030)
|
Base Year
|
2019
|
Forecast Period
|
2020-2030
|
Historical Data
|
2018
|
Forecast Units
|
Value (USD Million)
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
Segments Covered
|
End User, Door Type and Application
|
Geographies Covered
|
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
|
Key Vendors
|
Safran (France), Hindustan Aeronautics Limited (India), Bombardier (Canada), Boeing (US), American Airlines Group Inc. (US), Aernnova Aerospace S.A. (Spain), Airbus S.A.S. (France), Latécoère (France), Saab AB (Sweden), Elbit Systems Ltd. (Israel), Triumph Group (US), Esterline Technologies (US), Barnes Group Inc. (US), HONEYCOMB (US), DAHER (France), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan) and Delastek Inc. (Canada)
|
Key Market Opportunities
|
The introduction of various technologies such as advanced composite materials for aircraft doors and resin transfer molding technology for manufacturing aircraft doors are expected to drive the market growth.
|
Key Market Drivers
|
Growing aircraft deliveriesIncrease in need for lightweight aircraft doors
|
Aircraft Doors Market Highlights:
Frequently Asked Questions (FAQ) :
Aircraft Doors Market can advance at a rate of 6.87% in the near future.
Surge in aircraft deliveries owing to increasing air passenger traffic and the rising focus of the authorities on upgrading the existing aircraft doors are some of the key growth drivers in the market.
Strict aviation regulations can deter the market growth in the coming years.
The rising need for lightweight aircraft door and the increasing efforts to cater to that need can be a major market trend during the review period.
Commercial can be the leading application-based segment in the market.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report