PUBLISHER: Allied Market Research | PRODUCT CODE: 1266384
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266384
The global aircraft doors market is envisioned to garner $9.1 billion by 2031, growing from $5 billion in 2021 at a CAGR of 6.2 % from 2022 to 2031.
One of the primary factors driving the growth of the aircraft doors market is the increase in customer desire for air travel throughout the world. The rise in government measures to strengthen their air force by improving current warships and extending their aircraft fleet, as well as aircraft doors their widespread use in aircraft for seamless opening and shutting of doors, drive market expansion. The increased emphasis on passenger comfort and safety by airlines, as well as the implementation of fire protection regulations, increase in the use of proper door dampers and use for avoiding banging noises and imparting protection to passenger figures from the sudden lid or door closures, further influence the market.
High production costs and changing raw material prices are projected to hamper the global growth of the aircraft doors market. Furthermore, design complexity is projected to hamper the target market growth.
The growing aviation industry and rising customer demand for air travel are likely to accelerate the pace of the aircraft doors market. Many countries have made several efforts and are attempting to strengthen their air force by extending their aircraft fleet and developing current warcraft. The rising use of aircraft doors made of composite material is anticipated to propel the aircraft doors industry faster. To maintain the entire structure's sturdiness and lightweight, the use of certain suitable and lightweight doors is vital, which will provide rapid development opportunities for the aircraft doors market aircraft doors.
The COVID-19 pandemic had an impact on almost all economies. Lockdowns at both international and domestic borders had hampered the growth the aircraft sector. As a result, a major decrease in air passenger traffic and a significant delay in the demand for new aircraft could be seen. This is expected to have a short-term impact on worldwide demand for aircraft doors. Due to enforced lockdowns and imposed limits by different regulating bodies, several aircraft corporations' operations were either temporarily suspended or were functioning with a reduced workforce.
The key players profiled in this report include: Safran, Hindustan Aeronautics Limited, Bombardier, Boeing, American Airlines Group Inc, Aernnova Aerospace S.A., Airbus S.A.S., Latecoere, Saab AB, Elbit Systems Ltd.