Global Commercial Aircraft Windows and Windshield Market to Demonstrate 4% CAGR From 2019 to 2023
Growth of the aerospace industry continues to drive the global sales of aircraft windows and windshield. The global commercial aircraft windows and windshield market is projected to witness 4% CAGR during the assessment period (2019-2023).
Increased demand for passenger aircrafts is having massive influence on the market. The rising number of air passengers, especially in emerging economies is prompting airline companies to expand their fleets. Manufacturers are receiving new orders of large mid and small aircraft from airlines operating in emerging economies in region such as the Middle East, Asia Pacific and Latin America. In order to tap the opportunities, Airline companies are increasing their operations in these regions. To fight off competition, companies are launching low-cost airlines, which is gaining traction in price-sensitive markets.
Aircraft windows and windshield industry also represent a massive value in aftermarket. The market also garners significant revenue from maintenance of fleets and repairing requirements.
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Global Commercial Aircraft Windows and Windshield Market: Competition Analysis
Gentex (U.S.), PPG Industries (U.S.), Saint-Gobain Sully (France), AJW Aviation (U.K), Triumph(U.K), GKN Aerospace (U.K), Nordam (U.S.), AIP Aerospace (U.S.), Lee Aerospace (U.S.) and TBM Glass (U.S.) are among the leading companies discussed in the MRFR’s report.
Over the years, aircraft designs have changed in vigorously, which emphasis shifting towards lighter and more durable components. Manufacturers are inclining towards lightweight products to make aircrafts energy efficient. OEMs have also aligned themselves accordingly. Windows and windshield make up for a considerable portion of as aircraft. Preference for lightweight component has prompted OEM to develop product that meet client expectations.
The rising number of aircraft all over the world couple of new aircraft development program is expected to influence the market growth during the review period. Most aircrafts that are currently operational have normal acrylic windows. Nonetheless, these windows are expected to replace by interactive and smart windows in the future. Some of the latest aircraft models have also adopted dimmable windows. For instance, Boeing’s 787 Dreamliner uses Gentex Corp futuristic dimmable windows.
Technology is expected to play an important role in aircrafts of the future. Use of lightweight materials have a massive impact on the overall performance of aircrafts. Almost all the components that are currently used in modern aircrafts possess characteristics such as high durability and lightweight. Further, focus is also being placed on development of new materials with superior characteristics. Such as industry trend are also influencing the segments such as windows, doors and windshields etc. Meanwhile cost of product is expected to remain key element as rising price of raw material is having a negative impact on the market.
Global Commercial Aircraft Windows and Windshield Market: Segmental Analysis
The segmental analysis of the market has been conducted based on aircraft type, and purpose.
On the basis of aircraft type, the market has been segmented into wide body and narrow body. On the basis of purpose, the market has been segmented into cabin windows and windshield.
Global Commercial Aircraft Windows and Windshield Market: Regional Analysis
The market has witnessed a relatively faster growth in advanced countries in Europe and North America. Countries such as the U.S., and France are considered the traditional powerhouse of the aerospace industry. These countries are home to some of the leading aircraft manufacturers and OEMs. Presence of an established manufacturing sector puts these counties at a favourable position in the global commercial aircraft windows and windshield market.
Asia Pacific is touted as an emerging market for aircraft windows and windshields. Incessant growth of the manufacturing sector has propelled the market to a significant extent in the region. Other macroeconomic factors such as increasing purchasing power, expansion of aviation industry, and rising standard of living can be linked with the market growth. As domestic airlines in the region focus on expanding fleets, exciting opportunities arise for OEMs operating in the region.
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