March 29, 2020

Aircraft Doors Market: Growing Airline Passenger Traffic, Advanced Construction Material and Military Modernization to Augment Market

According to a new market report published by Credence Research, Inc., “Global Aircraft Doors Market (By Door Type – Passenger Door, Emergency Door, Service Door, Cargo Door and others; By Aircraft Type –  Commercial Aircraft and Military Aircraft; By Revenue Source – Original Equipment Manufacturer (OEM) and Aftermarket) – Growth, Future Prospects and Competitive Landscape, 2019 – 2027

The global aircraft doors market is projected to generate a revenue of US$ 5.55 Bn by 2027, expanding at 4.49% CAGR during the forecast period from 2019 to 2027.

Browse the full report at https://www.credenceresearch.com/report/aircraft-doors-market

Aircraft Doors Market

Product Insights:

Aircraft doors are an integral part of the airframe structure, used mainly for passenger inlet-outlet, aircraft system repair & maintenance, and other services. The plug doors are used for compartments requiring cabin pressure, and non-plug mechanical locking doors are used for the majority of the compartments. Consistently growing global consumer base for air travel leads to an increase in air fleet size and with increased aircraft production, manufacturers are forced to cater for such demands. Improved aircraft production during the forecast period would fuel the aircraft doors market in turn.

The global aircraft doors market, based on aircraft type was dominated by commercial aircraft segment in 2018. According to the International Air Transport Association (IATA), the global airline passenger traffic was increased by 7% whereas the delivery of single-aisle aircrafts was increased by 12% in 2018. Similarly, business jets and other regional jets have been witnessing an upward trend over the years as an effect of increased trade activities. Growing penetration of electrically operated smart doors along with the aforementioned drivers are projected to accelerate the global aircraft doors market growth for commercial aircraft.

Further, on the basis of geography, North America led the aircraft doors market in 2018. The dominance of North America in the global market is primarily accredited to the presence of major airlines as well as major aircraft manufacturing companies across the region. According to IATA, in 2018, air traffic in North America was increased by 5% as compared to 2017 along with the capacity increase of 3.7% and load factor growth of 1%.

Access Sample Copy Of This Report @ https://www.credenceresearch.com/sample-request/59790

Similarly, heavy capital investment in military modernization programs is projected to significantly boost the aircraft doors market during the forecast period. For instance, the U.S military, in a few decades, plans to buy 3 new fighter jets along with around 3700 aircrafts costing approximately US$ 340 billion. Air-to-air combat, better ground attack, more powerful engine, larger wings and long fuselage are the advantages of new aircrafts over currently working models. Asia Pacific, on the other hand, is projected to be the fastest-growing region owing to robust economic expansion and growing aircraft manufacturing in the region.

Competitive Insights:

Global aircraft doors market is characterized by the presence of some notable players and increasing competition among them inconsistently changing market dynamics. Key players profiled in the report include Airbus Group, Triumph Group, Inc., Mitsubishi Heavy Industries, Ltd., Honeycomb Company of America, Inc., Saab AB Aerospace Company, DAHER-SOCATA Aircraft Manufacturers, Elbit Systems, Ltd., Group Latecoere, TransDigm Group, Inc., Collins Aerospace, Goodrich Corporation and GKN Aerospace Services, Ltd. among others.

Aircraft doors market players are adopting several strategies to cater the ever-growing delivery demands as a result of increased air passenger traffic. New product development, contracts & agreements, partnerships and joint ventures remain the most favorite strategies among major players to gain an edge over competitors.

TOC:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global AD Market
2.2. Global AD Market, by Door Type, 2018 (US$ Bn)
2.3. Global AD Market, by Aircraft Type, 2018 (US$ Bn)
2.4. Global AD Market, by Revenue Source, 2018 (US$ Bn)
2.5. Global AD Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global AD Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players…

Browse the full report at https://www.credenceresearch.com/report/aircraft-doors-market

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Contact:

Credence Research Inc

Name: Chris Smith (Global Sales Manager)

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web:  https://www.credenceresearch.com  

Leave a Reply

Your email address will not be published. Required fields are marked *