Aircraft Parts Market
The aircraft components have evolved largely to make a flight safer, faster, and efficient. Aircrafts are designed for multiple purposes and most of them have the same major components. Most airplane structures include fuselage, wings, empennage, and landing gear. The fuselage includes cabin and/or cockpit, which contains seats for the occupants and the controls for the airplane. The empennage (also called tail) is the rear part of the aircraft. Usually, it includes the stabilizers, rudder, elevator as well as many other components.
Market Dynamics
The demand for aircraft parts is majorly attributed to the increase in use of carbon fiber and composite materials to reduce the overall structural weight of the aircrafts. In North American region, aircraft material vendors are focusing on supplying advanced light weight material to key airline companies. For instance, in January 2019, Teijin Limited announced that it would be supplying Tenax carbon fiber and Tenax TPUD, which is a unidirectional pre-impregnated tape, to Boeing Company. TENAX TPUD is made from thermoplastic resin, which has high fatigue and impact resistance compared to conventional materials. Moreover, in January 2019, Teijin Limited received a contract to supply its TENAX carbon fiber to Bombardier Inc., a Canada-based manufacturer of commercial and business jets.
Carbon fiber and composite materials are expensive as compared to conventional materials. Thus, carbon fiber aircraft parts are expensive and require high initial investment. However, it can be a challenge for small companies operating in North America aircraft parts market to pay such high initial capital, which is expected to hamper the market growth over the forecast period. In addition, the aircraft structures have complex architecture and require a lot of research and development activities, which is expected to act as challenging factor for small companies in aircraft parts market.
Market Taxonomy
This report segments the global aircraft parts market on the basis of parts, material type, aircraft type, application, and region. On the basis of parts, global aircraft parts market is segmented into engines, cabin Interiors, fuselage, empennage, landing gear, wings and flaps, and propeller. On the basis of material type, the global aircraft parts market is segmented into carbon fiber, composite material, steel alloy, aluminum alloy, and titanium alloy. On the basis of aircraft type, the global aircraft parts market is segmented into narrow body aircraft, wide body aircraft, and turboprop aircraft. On the basis of application, global aircraft parts market is segmented into commercial aircraft, business aircraft, and military aircraft. On the basis of region, global aircraft parts market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
Detailed Segmentation:
**All the pointers will also be provided for the rest of the companies.
Browse all the market data tables and figures on ‘Global Aircraft Parts Market - Forecast to 2028’
*Browse market data tables and figures on ‘Global Aircraft Parts Market -forecast to 2028’
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients