Increasing air carrier fleet owing to rising customer preference for air travel is driving the aircraft door market place over the forecast timeframe. Passenger doors will exhibit substantial growth over the forecast timeframe owing to its primary usage for entry and exit from the airplane. Proliferating air passenger traffic is positively influencing the market growth over the study timeframe.
Airplane manufacturers are focusing on reducing the overall weight by using advanced materials for increasing the overall operational efficiency. For instance, Boeing uses carbon fiber composites for its commercial airliner, the 787 Dreamliner, making it the first commercial airplane to utilize the material on a large scale. The lower weight of the product enables for easier opening and closing operations, thereby expanding the aircraft door market share till 2025.
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Supporting government initiatives to develop innovative, light-weight, durable, and efficient materials for manufacturing doors are further supporting the industry expansion over the study timeframe. For instance, in 2014, The European Commission funded a group of researchers to develop carbon nanotube technologies for airplane exit systems, thereby expanding the aircraft door market share over the projected timeframe.
Commercial aircrafts accounted for a significant share in the aircraft door market place. This share is attributed to the increasing air carrier deliveries across the globe to meet the growing demand. For instance, according to the Center for Aviation, the global commercial aircraft grew by around 4% in 2017 accounting for 31,000 airplanes, thereby providing a positive outlook for the aircraft door market proliferation till 2025.
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Industry participants are investing in R&D for introducing advanced technologies to improve the overall experience and flight safety. For instance, in 2017, Latecoere showcased an electric gate concept named NexGED that operates with push button. Moreover, it opens automatically in the event of an emergency landing, positively influencing the aircraft door market share.
Passenger doors will exhibit substantial growth over the forecast timeframe owing to its primary usage for entry and exit from the airplane. Proliferating air passenger traffic is positively influencing the market growth over the study timeframe. For instance, according to the International Civil Aviation Organization, air passenger carried accounted for over 3.9 billion in 2017, thereby supporting the aircraft door market penetration over the projected timeframe.
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North America leads the aircraft door 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.
Key participants in aircraft door 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. For instance, in 2017, Ventana introduced an innovative airplane door manufactured using 3D printing technologies along with advanced wax processes and thin-walled casting technologies, that significantly reduces the weight by up to 30% compared to the traditional products.
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