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0 According to Fortune Business Insights™, the global aircraft fairing market was valued at USD 1.41 billion in 2020 and is projected to grow from USD 1.46 billion in 2021 to USD 2.60 billion by 2028, exhibiting a CAGR of 8.59% during the forecast period. The growth is primarily driven by increasing demand for lightweight, aerodynamic components that reduce drag, improve fuel efficiency, and enhance aircraft aesthetics.
Market Overview
Aircraft fairings are essential aerodynamic components designed to streamline the shape of an aircraft by covering gaps, joints, and structural parts, thereby minimizing both form and interference drag. As airlines focus on optimizing aircraft performance and reducing operational costs, there is a rising emphasis on integrating advanced fairing systems especially those made from lightweight composite materials.
Competitive Landscape
The aircraft fairing market is moderately consolidated, with several key players investing in R&D, automated production systems, and composite material integration. Competitive strategies include long-term contracts, regional expansion, and joint ventures to strengthen supply chains and customer bases.
Key Players:
Boeing (U.S.)
Airbus (France)
FACC AG (Austria)
Malibu Aerospace (U.S.)
Daher (France)
NORDAM (U.S.)
Avcorp (Canada)
Barnes Group (U.S.)
Royal Engineered Composites (U.S.)
Fiber Dynamics Inc. (U.S.)
FDC Composites (Canada)
Kaman Aerosystems (U.S.)
SAAB AB (Sweden)
Lockheed Martin (U.S.)
ShinMaywa Industries (Japan)
Strata Manufacturing (UAE)
Source:
https://www.fortunebusinessinsights.com/aircraft-fairings-market-105857
Market Segmentation
By Platform
Commercial Aviation (Dominant Segment)
Military Aviation
Regional Aviation
General Aviation
The commercial segment dominates the market, fueled by increasing aircraft orders from low-cost carriers and global airlines. Growing passenger traffic and fuel-efficiency demands are also propelling investments in new-generation aircraft, contributing to fairing adoption.
By Application
Fuselage
Engine
Control Surfaces
Radars & Antenna
Landing Gear
Fuselage and engine fairings account for the largest market share due to their role in shielding vital components and enhancing aerodynamic efficiency. Meanwhile, control surface and landing gear fairings are gaining traction due to advancements in aircraft design and performance optimization.
By Material
Composite (Fastest Growing Segment)
Aluminum
Alloys
Composite fairings are witnessing rapid adoption, supported by their lightweight, corrosion-resistant, and high-strength properties. These materials are particularly valuable in reducing aircraft weight and improving fuel economy. Traditional materials like aluminum and alloys remain relevant for older aircraft models and cost-sensitive fleets.
By Region
North America (Largest Market)
Europe
Asia Pacific (Fastest Growing Region)
Rest of the World
North America held the largest share in 2020 and is projected to maintain its lead, supported by the presence of major OEMs such as Boeing and Lockheed Martin, a vast commercial fleet, and a robust aerospace supply chain. Europe follows closely, benefiting from Airbus-led innovation, strong R&D focus, and regulatory support. Asia Pacific is emerging rapidly, driven by rising aircraft demand in China and India, expanding airline networks, and government-backed aerospace development programs.
Market Dynamics
Drivers
Rising Demand for Composite Aerostructures:
Composite materials are driving innovation in fairing design due to their weight-reduction capabilities, increased fuel efficiency, and enhanced aircraft performance.Booming Air Passenger Traffic:
A steady increase in air travel globally is encouraging airlines to invest in modern, fuel-efficient aircraft equipped with advanced fairing solutions.Fleet Modernization & Short Runway Operations:
Demand for short-haul and regional aircraft is growing, with manufacturers incorporating fairings to enhance lift-to-drag ratios and improve short takeoff and landing performance.
Restraints
Backlogs in Aircraft Production:
Despite strong demand, backlogs in new aircraft deliveries—especially from key manufacturers—may delay fairing orders and production schedules in the short term.
Report Coverage
The Aircraft Fairings Market report offers a comprehensive analysis of key market dynamics, focusing on critical elements such as top players, product types, and prominent application areas. It presents a detailed examination of ongoing market trends, technological developments, and competitive strategies shaping the industry.
The report includes:
In-depth segmentation by platform, application, material, and region
Insights into key market drivers, challenges, and opportunities
Profiles of major companies operating in the global aircraft fairing space
Historical data and reliable market forecasts through 2028
Key industry developments including strategic expansions, product launches, and technological innovations
Additionally, the study highlights how factors such as increasing demand for lightweight composite materials, growing air passenger traffic, and the focus on aerodynamic efficiency have significantly contributed to the market’s expansion in recent years.
Key Industry Developments
February 2021 – Boeing expanded its facility in Hyderabad, India, by launching a new production line for the 737 MAX vertical fin, enhancing its manufacturing capabilities in the Asia Pacific region.
December 2021 – Airbus completed the structural assembly of its A321XLR test aircraft, including fairings for the doors and landing gear systems. This marked a critical milestone in Airbus’ efforts to deliver long-range narrow-body aircraft.
