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Aircraft Door Market in North America will witness highest growth due to the presence of major airplane manufacturers such as Bombardier Aerospace, Boeing‎, and Lockheed Martin

Author : Ronak Bora | Published Date : 2019-03-15 

Latin America aircraft door market is anticipated to be tagged as one of the profitable regional grounds for the expansion. Quite discernibly, the growth of the LATAM industry can be attributed to the fact that domestic airliners are consistently expanding their commercial and regional jet fleets in order to accommodate more passengers. Citing an instance of the aforementioned, in Q3 2018, Embraer had received an order of more than 20 regional jets from the reputed Azul Linhas Aereas Brasileiras.

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Commercial aircrafts are the most common type of aircrafts persistent in the aviation space presently. The demand for commercial aircrafts is quite overtly, dependent on the number of passengers travelling by air and with the International Air Transport Association (IATA) estimating that the number of passengers would be reaching the 7.8 billion mark by 2036, aircraft door market is anticipated to record substantial gains from the commercial aircraft segment. Not to mention, even CAPA estimated in 2017 that commercial airline deliveries hit 31,000, depicting an upsurge of 4% compared to 2016.

North America leads the aircraft doors market place owing to the presence of major airplane manufacturers. Increasing military budget allocation for maintaining military jets will ensure its dominance over forecast timeframe. For instance, in 2015, the U.S. military entered into a strategic contract alliance worth USD 1.1 trillion with Lockheed Martin for maintaining the U.S. F35 fleet through 2077, providing growth prospects for the industry expansion.

It has been observed that of all different types, cargo doors are significant more popular, perhaps on account of the rise in cargo transport. According to the IATA, the air freight transportation in the year 2018, surpassed 60 million tons with an increase of close to 4.5% as opposed to 2017. Indeed, air cargo transportation is known to be potentially significant and accounts for about 35% of the worldwide trade by volume. With the expansion of the e-commerce industry, online retail carriers and integrators are enhancing their package sorting and automation capabilities, in addition to extending networks in a bid to gain a larger fraction of the growing trade. Powered by the robust expansion of air cargo transportation and the massive requirement of efficient doors in aircraft to ease loading and unloading, cargo aircraft door market share will experience a commendable incline in the years ahead.

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The Asia Pacific is anticipated to emerge as one of the most proactive grounds for the expansion of the global aircraft door market, given sheer volume of air passenger as well as air cargo traffic. According to a report by the IATA, an airline industry performance survey found that in 2017, APAC carried the largest number of passengers, over 1.5 billion individuals, experiencing a 10.6% rise against the 2016 numbers. Moreover, the survey also found that the top five international as well as regional passenger airport pairs were from the APAC region.

Driven by the exceptional pace of air passenger traffic in tandem with the advent of low-cost air carriers, APAC aircraft door market share is anticipated to soar to new heights, enabling the region to emerge as a major regional industry contender over 2019-2025.

Air cargo transportation has become extremely vital across the globe, subject to the rise in worldwide trade and the improving global economy. In early 2018, the IATA estimated that the value of different goods transported by airlines that year would be surpassing the $6.2 trillion mark, representing over 7.4% of the world’s GDP. Air cargo has thus become an essential factor facilitating convenience, owing to which several companies across a plethora of industries depend on the global air cargo supply-chain.

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Aftermarket showcased a significant growth rate over the forecast timeframe owing to the on-condition inspection for ensuring air-worthiness. Additionally, extensive MRO requirements for overhauling and restoring old airplane fleet are further expanding the aircraft doors market share over the study timeframe.

Key participants in aircraft doors market place include Latecoere, Aernnova Aerospace S.A., Saab, Mitsubishi Heavy Industries, and Elbit Systems. Industry players are continuously investing in R&D for developing innovative solutions for manufacturing light weight products to strengthen their presence.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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