Aircraft Fairings are used to protect underlying structures and systems from adverse external environmental factors. These structures are covers for gaps and spaces between parts of an aircraft which help reduce drag. The aircraft Fairings market is projected to grow from an estimated USD 1.49 billion in 2018 to USD 2.13 billion by 2023, at a CAGR of 7.38% from 2018 to 2023. The North America aircraft Fairings market is growing at a significant pace due to factors, such as rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft Fairings market can be attributed to the growth of rise in disposable incomes and increase in air travel.
ShinMaywa (Japan) is one of the leading companies developing and designing aircraft Fairings for commercial and military applications, including aircraft nose, wing, tail, fuselage, and pods. Aircraft Fairings applications include landing gear, fuselage, flight control surface, wings, and other specialized uses. The company believes in establishing its brand identity through a commitment to reliability and efficiency of products and processes to achieve maximum customer satisfaction. For instance, in 2015, ShinMaywa partnership with Boeing company to develop and manufacture the 737NG, 737 Max, 747, 757, 767, 777, 787 Dreamliner, and now the 777X which covers landing gear wells; passenger, cargo and main landing gear doors; wing components, and wing-body Fairings.
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Strata Manufacturing (UAE) is a major player in the aircraft Fairings market. The company focuses on contracts through extensive R&D activities and has a wide aircraft Fairings product portfolio. The company’s next-generation innovation and strategic investments, coupled with their strong product portfolio are expected to lead to their robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business sectors. A significant component of its strategy is to focus on program execution, by improving the quality and predictability of the delivery of its products and services. Thus, in 2016, Strata Manufacturing received a contract from the Boeing Company to manufacture vertical fins for flap track Fairings for the 787 Dreamliner.
Aircraft Fairings Market by Application (Flight Control Surface, Fuselage, Engine, Nose, Cockpit, Wings, and Landing Gear), Material (Composite, Metallic, and Alloy), End User (OEM and Aftermarket), Platform, and Region - Global Forecast to 2023
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