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 2021–2028 forecast period. The market growth is driven by the increasing demand for aerostructures that enhance aerodynamic efficiency, reduce drag, and improve the aesthetic design of aircraft.
Aircraft fairings play a crucial role in covering gaps and structural components, thereby minimizing both form drag and interference drag. As air traffic continues to rise globally, airlines are increasingly investing in lightweight and performance-optimized aircraft, which in turn is propelling the demand for advanced fairing systems.
Key Players Operating in the Aircraft Fairing Market
- Malibu Aerospace (U.S.)
- FACC AG (Austria)
- Daher (France)
- NORDAM (U.S.)
- Airbus (France)
- Boeing (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.)
- Shin Maywa (Japan)
- Strata Manufacturing (UAE)
Source:
https://www.fortunebusinessinsights.com/aircraft-fairings-market-105857
Market Segmentation
By Platform
- Commercial, Military, Regional, and General Aviation
The aircraft fairing market is segmented by platform into commercial, military, regional, and general aviation. Among these, the commercial aviation segment holds the dominant share due to the rising demand for fuel-efficient aircraft and increased global air passenger traffic. Military applications are also significant, driven by growing defense budgets and modernization initiatives across various nations.
By Application
- Fuselage, Engine, Control Surfaces, Radars & Antenna, Landing Gear
Based on application, the market is divided into fuselage, engine, control surfaces, radars and antenna, and landing gear. Fuselage and engine fairings account for a substantial portion of the market, primarily due to their role in reducing drag and protecting aircraft systems. Control surface fairings and landing gear enclosures are gaining popularity for enhancing aerodynamic efficiency.
By Material
- Aluminum, Composite, and Alloys
In terms of material, the market includes aluminum, composite, and alloy-based fairings. Composite materials are increasingly favored due to their lightweight nature, high strength, and corrosion resistance, making them ideal for modern aircraft. Aluminum and alloys continue to be used in legacy systems and cost-sensitive applications.
By Region
- North America, Europe, Asia Pacific, Rest of the World
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America leads due to the presence of key aircraft OEMs, extensive commercial fleets, and established aerospace infrastructure. Europe follows with strong R&D investment and global players like Airbus. Meanwhile, Asia Pacific is emerging rapidly, supported by expanding aviation infrastructure and growing air travel demand in countries like China and India.
Drivers & Restraints
Rising Demand for Composite Aerostructures to Drive Growth
The aircraft fairing market is experiencing significant growth due to the rising demand for lightweight composite materials in aircraft construction. These materials reduce overall aircraft weight while maintaining strength, improving fuel efficiency, and ensuring better performance. Additionally, the expansion of short runway operations, low-cost carriers, and increased commercial aircraft deliveries are further boosting market growth.
Order Backlogs Pose a Challenge
Despite the strong demand, the market faces challenges such as backlogs in aircraft production. The delay in fulfilling existing orders can limit the short-term growth potential of aircraft fairing manufacturers.
Regional Insights
North America – Largest Market Share
North America held the dominant market position in 2020 and is expected to maintain this lead during the forecast period. This is due to the presence of major OEMs, large commercial fleets, and a strong manufacturing ecosystem in the U.S. and Canada.
Europe – Technological Advancements and R&D Investments
Europe is anticipated to see significant market contributions due to increased investments in research & development, sustainable aviation technologies, and the presence of key players such as Airbus and Daher.
Asia Pacific – Fastest Growing Region
Asia Pacific is projected to register the fastest growth, driven by a rapidly expanding aviation sector, rising air passenger traffic, and growing investments in regional aircraft programs. Countries like China and India are heavily investing in aerospace manufacturing capabilities.
Competitive Landscape
The market is highly competitive, with leading players focusing on product development, strategic collaborations, and capacity expansion. Companies are investing in automated manufacturing lines, composite integration, and regional expansions to strengthen their global presence.
Key Industry Developments
- February 2021: Boeing announced the expansion of its Hyderabad, India facility to include a new production line for manufacturing the vertical fin of the 737 MAX aircraft.
- December 2021: Airbus completed the final structural assembly of the A321XLR test aircraft, including testing of door fairings and landing gear retraction systems as part of its quality validation process.
