The global aircraft doors market is expected to grow primarily due to the rising need for advanced aircraft doors in the aviation sector. Passenger doors sub-segment is expected to flourish immensely. The North America region is predicted to grow at a high CAGR by 2031
NEW YORK, April 17, 2023 /PRNewswire/ — Global Aircraft Doors Market Forecast Analysis:
As per the report published by Research Dive, the global aircraft doors market is expected to register a revenue of $9,057.5 million by 2031 at a CAGR of 6.2% during the forecast period 2022-2031.
Segments of the Aircraft Doors Market
The report has divided the market into the following segments:
Door Type: passenger doors, emergency exits, cockpit door, cargo doors, and others
Passenger Doors – Most dominant in 2021
The presence of several passenger doors in a wide-body aircraft, in addition to their lower price, is a significant factor contributing to passenger doors sub-segment’s dominance.
Aircraft Type: commercial and military
Commercial – Highest market share in 2021
The growth of this sub-segment is mainly because the global consumer base for commercial aviation has risen significantly throughout the years.
End-user: OEM and aftermarket
OEM – Most profitable in 2021
Aircraft are fitted with doors such as emergency doors, passenger doors, landing gear doors, and cargo doors before being handed over to airline operators. To speed up aircraft delivery, OEM operators offer door installation services all over the world. This is expected to push the growth of this sub-segment further.
Region: North America, Europe, Asia-Pacific, and LAMEA
North America – Significant market share in 2021
The surging demand for dependable and safe aircraft doors, rising consumer demand for air travel, and increased consumer spending on air travel in this region are predicted to propel the market in the forecast period.
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Dynamics of the Global Aircraft Doors Market
The increased need for lightweight aircraft doors from aircraft manufacturers to reduce the total weight of commercial aircraft and boost fuel efficiency is expected to make the aircraft doors market a highly profitable one in the forecast period. Additionally, a rise in the need for low-cost airlines is predicted to propel the market forward. However, the price of aircraft doors and the technical difficulties with aircraft doors might become a restraint on the growth of the market.
The increase in demand for commercial aircraft is predicted to offer numerous growth opportunities to the market in the forecast period. Moreover, globally, increasing tourism and a growing aviation industry are generating demand for commercial aircraft, which will certainly increase the demand for secure, lightweight aircraft doors in the coming period.
COVID-19 Impact on the Global Aircraft Doors Market
The COVID-19 pandemic disrupted the routine lifestyle of people across the globe, and the subsequent lockdowns adversely impacted industrial processes across all sectors. The aircraft doors market, too, was negatively impacted by the pandemic. The government-imposed travel restrictions and lockdowns delayed aircraft production across the world. The availability of hydraulic and electrical components used in aircraft doors was significantly impacted. However, the initiatives taken by governments in nations like the US, China, and India to decrease the effect on the aviation sector may present a growth potential for the global market in the next few years.
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Key Players of the Global Aircraft Doors Market
The major players of the market include
Aviation Technical Services
Groupe Latécoère
Altitude Aerospace
SAAB
FACC AG
Primus Aerospace
Collins Aerospace
Airbus
Potez Aéronautique
Hellenic Aerospace Industry
These players are working on developing strategies such as product development, merger and acquisition, partnerships, and collaborations to sustain the market growth.
For instance, in October 2019, Door Engineering, a leader in the aviation hangar door sector, announced the formal launch of the Premier Door Hydraulic Door System for aviation applications. Compared to other hydraulically powered doors now on the market, this single panel door system is made to endure longer and function better.
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What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter’s five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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