The Aircraft Films Market: Highlights The aircraft films market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 1.3 billion in 2024. The tremendous growth in the aircraft films market is primarily attributed to the substantial increase in the penetration of composites in structural applications of aircraft. Aircraft manufacturers are increasingly incorporating advanced composites in the crucial sections of their latest aircraft in order to address the airlines’ requirement of more fuel-efficient aircraft. Aircraft Films Market by Aircraft Type: The aircraft films market is segmented based on the aircraft type into commercial aircraft, military aircraft, general aviation, regional aircraft, and helicopter.
Commercial aircraft is likely to remain the growth engine of the market during the forecast period. Increasing production rates of the key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of variants of the best-selling aircraft programs (A320neo, B737 Max, B777x, and A330neo); market entry of new aircraft (C919 and MC-21); increasing demand for high-quality and lightweight parts in the aerospace industry; and rising aircraft fleet size; are the major factors driving the growth of films in the commercial aircraft segment. Aircraft Films Market, By Film Type Based on the film type, the aircraft films market is segmented into decorative films, surfacing films, insulation films, adhesive films, and others.
Decorative films are expected to remain the largest segment of the aircraft films market over the next five years. Decorative films are mainly applied to the different interior components of an aircraft, such as interior panels, door linings, lavatories, cargo linings, galleys, closets, overhead stowage bins, bulkhead partitions, trolleys, and other personal service units (PSUs). These decorative films are visible to the passengers and are applied to those parts which are in direct contact with them. The decorative films are generally suitable for any surface of the aircraft cabins, which is not upholstered or carpeted. Aircraft Films Market, By Application Type Based on the application type, the aircraft films market is segmented into interiors, fuselage, flight control surfaces, wings, and others. The interiors segment is expected to dominate the market during the forecast period, owing to the widespread usage of decorative, protective, and adhesive films in aircraft interiors to deliver passenger safety, provide aesthetically pleasing interiors, protect against scratch and moisture, and hold interior panels intact.
Other applications segment majorly includes radomes, engine bulkheads, engine bays, exhaust runs, and fuel system components. Aircraft Films Market, By Region In terms of region, North America is expected to remain the largest market for aircraft films during the forecast period. The USA is the growth engine of the region’s market with the presence of all the major aircraft OEMs, tier players, material suppliers, and aircraft film suppliers.
In the region, all the major aircraft film suppliers have high proximity to major tier players and OEMs in order to become the partner for their upcoming programs as well as to cater the demand generated from OEMs as well as airlines. Asia-Pacific is anticipated to witness the highest growth during the forecast period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, opening of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size. Top players and the supply chain of the Raw materials The supply chain of this market comprises raw material suppliers, aircraft film manufacturers, distributors, tier players, aircraft OEMs, airlines, MRO companies, and aircraft leasing companies.
The key aircraft film manufacturers are The 3M Company, Axiom Materials, Inc. , The Boeing Company, Compagnie de Saint-Gobain S. A.
, DUNMORE Corporation, E. I. du Pont de Nemours and Company, Gurit Holding AG, Henkel AG & Co. KGaA, Hexcel Corporation, ISOVOLTA AG, Park Electrochemical Corporation, Schneller LLC, Solvay S. A. , and Toray TCAC Holding B. V. The development of high-performance aircraft films, expansion in untapped and growing markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. Report Link:- https://www.stratviewresearch.com/487/aircraft-films-market.html.