The aircraft doors market was valued at USD 3.37 Billion in 2016 and is projected to reach USD 5.22 Billion by 2022, at a CAGR 7.25% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022
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Based on end user, the aircraft doors market has been segmented into OEM and aftermarket. The OEM segment is estimated to lead the aircraft doors market in 2017. Aircraft are fitted with doors that include passenger doors, emergency doors, service/access doors, cargo doors, and landing gear doors, prior to their delivery to airline companies. OEMs are responsible for the installation of doors in aircraft.
Over the years, there has been a significant rise in demand for single-aisle aircraft in the Asia Pacific region. According to Boeing Global Market Outlook 2016, Asia Pacific accounts for 2,460 single-aisle airplane orders that need to be completed over the next 20 years. Increase in aircraft deliveries is expected to drive the growth of the OEM segment of the aircraft doors market.
Based on application, the aircraft doors market has been segmented into commercial aviation and military aviation. The commercial aviation segment is projected to lead the aircraft doors market from 2017 to 2022. The customer base of commercial aircraft is growing across all regions worldwide. Airlines in the Middle East and Asia Pacific are gaining prominence in the global aviation sector. Increasing air passenger traffic has propelled airline operators to enhance aircraft fleet size, thereby contributing to a rise in new aircraft orders. The rise in the production of commercial airplanes is expected to drive the demand for aerospace components, such as aircraft doors, in the near future.
Based on door type, the aircraft doors market has been segmented into passenger doors, cargo doors, emergency doors, service/access doors, landing gear doors, and others. The increase in the delivery of passenger doors for commercial aircraft is projected to drive the growth of the passenger doors segment.
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Key strategies undertaken by market players include new product developments, expansions, agreements, and contracts. The competitive landscape section of the report provides an overview of key companies operating in the aircraft doors market. Airbus Helicopters (France), Latecoere (France), Saab (Sweden), Elbit Systems (Israel), Triumph Group (US), and Mitsubishi Heavy Industries (Japan) are some of the key market players engaged in the production of aircraft doors.