AP NEWS

The Global Market for Aircraft Doors - Forecast to 2022: Lucrative Opportunities for Lightweight Doors - ResearchAndMarkets.com

October 9, 2018

DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Aircraft Doors Market by End User (OEM and Aftermarket), Application (Commercial (NBA, WBA, VLA, RTA, Business Jets) & Military (Transport Aircraft, Helicopter)), Door Type (Passenger, Cargo, Emergency, Access, Landing Gear) Global Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.

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.

Based on end user, the aircraft doors market has been segmented into OEM and aftermarket. The OEM segment is estimated to lead the aircraft doors market in 2017. Aircraft are fitted with doors that include passenger doors, emergency doors, service/access doors, cargo doors, and landing gear doors, prior to their delivery to airline companies. OEMs are responsible for the installation of doors in aircraft.

Over the years, there has been a significant rise in demand for single-aisle aircraft in the Asia Pacific region. Asia Pacific accounts for 2,460 single-aisle airplane orders that need to be completed over the next 20 years. Increase in aircraft deliveries is expected to drive the growth of the OEM segment of the aircraft doors market.

Based on application, the aircraft doors market has been segmented into commercial aviation and military aviation. The commercial aviation segment is projected to lead the aircraft doors market from 2017 to 2022. The customer base of commercial aircraft is growing across all regions worldwide. Airlines in the Middle East and Asia Pacific are gaining prominence in the global aviation sector. Increasing air passenger traffic has propelled airline operators to enhance aircraft fleet size, thereby contributing to a rise in new aircraft orders. The rise in the production of commercial airplanes is expected to drive the demand for aerospace components, such as aircraft doors, in the near future.

Based on door type, the aircraft doors market has been segmented into passenger doors, cargo doors, emergency doors, service/access doors, landing gear doors, and others. The increase in the delivery of passenger doors for commercial aircraft is projected to drive the growth of the passenger doors segment.

Market Dynamics

Drivers

Increase in Aircraft Deliveries Replacement of Existing Aircraft Doors

Restraints

Stringent Regulatory Environment

Opportunities

Rise in Air Passenger Traffic and Aircraft Fleet Size in the Asia Pacific Region Increase in Demand for Lightweight Doors

Challenges

Existing Backlog in Aircraft Deliveries

Companies Profiled

Airbus Helicopters Latecoere Saab Elbit Systems Triumph Group Esterline Technologies Barnes Group Honeycomb Company of America Daher Mitsubishi Heavy Industries Delastek

For more information about this report visit https://www.researchandmarkets.com/research/d8xv92/the_global_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005623/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Aircraft

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/09/2018 07:46 AM/DISC: 10/09/2018 07:46 AM

http://www.businesswire.com/news/home/20181009005623/en

AP RADIO
Update hourly