Title: Aircraft Doors Market will grow at 7.5% CAGR by 2025.
1Worldwide Aircraft Doors Market to exceed 9.5 Bn
by 2025
2Key Insights from Aircraft Doors Market
- Rising air carrier fleets owing to increasing
air passenger traffic will augment aircraft doors
market growth over study timeframe. As per the
International Air Transport Association (IATA),
in 2017, the passenger traffic rose to 4 billion
and increased by over 8 compared with 2016. . - European Union funded research to incorporate
carbon nanotubes for producing lightweight and
cost-effective structural parts including landing
gear door. Rising prominence for weight reduction
solutions in air carriers will drive aircraft
doors market over the forecast timeline. - commercial aircrafts accounted for over 45 in
aircraft doors market owing to continuous
increase in airplane deliveries. According to
CAPA, in 2017, the commercial airlines deliveries
rose to over 31,000 with an increase of around 4
as compared to 2016.
3Continued
Cargo doors is expected to witness significant
gains over the forecast period with rise in cargo
transport. According to IATA, in 2018, the air
cargo transportation crossed 60 million tonnes
with an increase of around 4.5 as compared to
2017. Air cargo transportation holds significant
share and accounts for over 35 global trade by
volume. Airliners such as Cathway Pacific Airways
are amplifying load bearing capacity to support
cargo industry. Moreover, installation of
separate cargo specific doors in areas such as
bottom of upswept aft portion on underside of the
fuselage to ease loading and unloading will
support aircraft doors market growth. Ongoing
innovations offering high power to weight ratio
and self-contained systems will induce
significant potential in hydraulic aircraft doors
market
4 Latest Research Aircraft Doors market_at_
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5 U.S. Aircraft Door Market, By Door, 2018 2025,
(Units)
6Major Companies in Aircraft Doors Market
- Latecoere
- Saab AB
- Celebi
- Mitsubishi Heavy Industries
- Elbit Systems
- Aernnova Aerospace S.A
7Industry Coverage
8Regional Insights Aircraft Doors Market
- North America dominates aircraft doors market
size owing to the presence of major airplane
manufacturers such as Bombardier Aerospace,
Boeing?, and Lockheed Martin. Moreover, presence
of large number of airports handling large
traffic will positively influence the product
demand. Asia Pacific will exhibit a robust growth
with improving economic conditions and emergence
of low-cost carriers. - Latin America aircraft doors market share will
witness over 6.5 CAGR over study timeframe with
rising aircraft fleets. Airliners are
continuously expanding commercial and regional
jet fleets to accommodate larger number of
passengers. For instance, in July 2018, Embraer
received an order of over 20 regional jets from
Azul Linhas Aereas Brasileiras. Middle East
Africa is at nascent stage and bound to witness
significant growth owing to proliferating tourism
industry.
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