Commercial Aircraft Windshield and Windows Market to Worth USD 261.7 Million by 2029 | With a 12.38% CAGR
Fortune Business Insights
7 min read
Companies Covered in Commercial Aircraft Windshield and Windows Market are PPG Group Inc. (U.S.), Lee Aerospace Inc. (U.S.), GKN Aerospace Pvt Ltd (U.K.), Nordam Group Inc. (Singapore), Gentex Corporation (U.S.), Triumph Group Inc. (U.S.), Saint Gobain Group. (France), Cee Baileys Aircraft Plastics (U.S.), Aerospace Control Logistics Inc. (U.S.), Mecaplex AG (Switzerland), and more players profiled.
Commercial Aircraft Windshield and Windows Market
Commercial Aircraft Windshield and Windows Market
Pune, India, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The global commercial aircraft windshield and windows market size was USD 104.8 million in 2021 and is projected to grow from USD 115.6 million in 2022 to USD 261.7 million by 2029, exhibiting a CAGR of 12.38% during the forecast period. Technological developments in the field have encouraged manufacturers to use composites for weight reduction. Rising air travel worldwide and growing fleet size to meet rising demand from air passengers are the factors driving market proliferation.
This information is provided by Fortune Business Insights, in its report titled, “Commercial Aircraft Windshield and Windows Market, 2023-2029.”
Substantial Decline in Air Traffic Hampered Market Augmentation Amid the Pandemic
The spread of COVID-19 worldwide prompted governments to impose stringent nationwide lockdowns and travel restrictions to curb the growing number of cases. Air travel was suspended, which resulted in a substantial fall in demand for commercial aircraft windshields and windows. Supply chain disruptions and closure of manufacturing facilities also affected market growth negatively. Moreover, according to the International Air Transport Association (IATA), global air passenger traffic as measured in revenue passenger kilometers dropped by 65.9% as compared to 2019. Delays in aircraft manufacturing and deliveries also hampered market growth amid the pandemic.
Segments:
Narrow Body Segment to Lead Due to Rising Air Travel Worldwide
As per aircraft type, the market is divided into narrow body, wide body, freighter aircraft, and regional jets. Among these, the narrow body segment held a substantial commercial aircraft windshield and windows market share in 2021. The rising demand for air travel worldwide has generated the need for aircraft, which will contribute to segment growth.
Polycarbonate Segment to Dominate Stoked by its Strength and Durability
By material, the market is split into acrylic and polycarbonate. Among these, the polycarbonate segment captured a significant market share in 2021. Polycarbonate materials are extensively used for manufacturing commercial aircraft windshield and windows, owing to its favorable features such as strength, durability, and lightweight nature.
Aftermarket Segment Held Largest Share Due to Rising Need for Replacement of Damaged or Broken Parts
By end user, the market is segmented into OEM and aftermarket. Among these, the aftermarket segment captured the largest market share in 2021. The growing need for periodic replacement of damaged or broken parts and implementation of stringent maintenance and safety norms are anticipated to aid segment growth.
Geographically, the market is segregated into North America, Europe, Asia Pacific, and the Rest of the World.
The report provides valuable insights into drivers and restraints affecting market growth in the forthcoming years. Leading companies are listed along with strategic moves made to boost revenues and maximize profits. The market is studied systematically by dividing it into regions and segments. Statistical data such as market share, growth rate, and valuation estimates for each region and segment is also given in the report.
Drivers and Restraints:
Rising Use of Advanced Materials Such as Acrylic to Drive Market Proliferation
Technological developments in the global market have enabled manufacturers to use laminated windows to manufacture commercial aircraft windshield and windows. They are lightweight, transparent, and durable, which make them unbreakable. Moreover, acrylic glass is used to manufacture cockpit windows. They have a layer of glass and hydrophobic material, which helps them repel oil, liquid, and moisture. The adoption of these advanced materials is a key factor driving the commercial aircraft windshield and windows market growth.
On the other hand, the high cost of raw materials and the complex manufacturing process of commercial aircraft windshield and windows will hinder market proliferation in the coming years.
Regional Insights:
North America to Hold Dominant Share Due to the Presence of Leading Manufacturers
North America captured a significant market share in 2021 as the U.S. has the largest aviation base due to high product demand and market proliferation in the region. The presence of leading manufacturers in the region will also aid segmental expansion.
The Asia Pacific market is anticipated to record the highest growth rate over the forecast timeframe, owing to the surging number of aircraft deliveries in the region. As per the Airbus India Market Forecast, there is a projected demand for 2,210 new aircraft in India in the next two decades.
The Europe market is slated to display substantial growth in the forthcoming years, owing to high tourist population in the region, which has prompted airlines to expand their fleets. Rising aircraft deliveries will create the need for commercial aircraft windshield and windows and attribute to regional market expansion.
Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
Latest technological Advancements
Porters Five Forces Analysis
Supply Chain Analysis
Quantitative Insights-Impact of the COVID-19 Pandemic on Global Commercial Aircraft Windshield and Windows Market
Impact of COVID-19 Pandemic on Global Commercial Aircraft Windshield and Windows Market
Steps Taken by Industry/Companies/Government to Overcome the Impact
Key Developments in the Industry in Response to COVID-19 Pandemic
Global Commercial Aircraft Windshield and Windows Market Analysis, Insights and Forecast, 2018-2029
Key Findings / Definitions
Market Analysis, Insights and Forecast – By Aircraft Type
Narrow Body
Wide Body
Freighter Aircraft
Regional Jets
Market Analysis, Insights and Forecast – By Material
Acrylic
Polycarbonate
Market Analysis, Insights and Forecast – By End Use
OEM
Aftermarket
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia-pacific
Rest of the world
TOC Continued...!
Competitive Landscape:
Collaborations and Partnerships between Industry Leaders to Facilitate Market Progression
Leading companies make several decisions to enhance productivity, maximize profits, and increase geographical reach. One such decision is partnering with other companies in the domain to improve their product portfolio. For example, in January 2020, Airbus announced its decision to use Gentex’s dimmable windows in its aircraft. These electronically dimmable windows will enable passengers to view the scenery outside and darken their windows when desired.
November 2021: Llamas Plastics Inc. entered into an agreement to supply V-22 aircraft windscreens to the Defense Logistics Agency. The contract was assessed at USD 14.23 million and will last for five years.
Read Related Insights:
Aircraft Aftermarket Parts Market to Reach USD 47.33 Billion by 2028; Increasing Number of Phased Out Aircraft to Augment Growth, Says Fortune Business Insights™
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
