Commonly made of Plexiglas, aircraft windows and Windshields ensure the protection of aircraft interiors from UV radiations and wind, as well as maintain the air pressure of the aircraft. The growth of the global aircraft windows and Windshields market can be attributed to the significant rise in air travel worldwide. The increase in disposable income of middle class population has resulted in a stiff competition between major airlines as the frequency of air travel is increasing. This has resulted in rising adoption of advanced technologies to increase the functionality of the windows and Windshields with features such as trajectory predictions, navigation and performance computation. Consequently, the global aircraft windows and Windshields manufacturers are offering comprehensive product portfolio to meet the requirements of low-cost airlines. Therefore, the rise in volume of air travel and the demand for new aircraft are bolstering the growth of the global aircraft windows and Windshields market.
MARKET SCOPE
The "Global Aircraft Windows and Windshields Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Windows and Windshields market with detailed market segmentation by component, application and geography. The global Aircraft Windows and Windshields market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Windows and Windshields market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global Aircraft Windows and Windshields market is segmented into Glass, Acrylic, Polycarbonate, Others.
- On the basis of type, the market is segmented into Cockpit Windshields, Cabin Windows
- Based on Aircraft Type, the market is segmented into Narrow Body Aircraft, Wide Body Aircraft, Helicopters, Military Aircraft, and Business Jets.
- On the basis of End User, the market is segmented into Commercial, Military, and General Aviation.
MARKET DYNAMICS
Drivers:
- Rising volume of global air travel
- Integration of advanced technologies, reliable material and sophisticated manufacturing techniques in Aircraft Windows and Windshields
- Development of new aircraft and replacement of windows and Windshields in existing ones
Restraints:
- Rising aircraft fuel price
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Windows and Windshields market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Windows and Windshields market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT WINDOWS AND WINDSHIELDS MARKET
The COVID-19 pandemic created a large vacuum in the global aviation industry due to the drastic fall in aircraft production and hindrances in the global supply chain. In 2020, prominent aircraft manufacturers, such as Boeing and Airbus, reduced their production forecasts by 50%. For instance, the total airlines' industry revenues dropped by 40% to $328 billion in 2020 due to the declining demand for air travel and wide-scale flight cancellation. In addition to the near-term impact, the global aviation industry has started adopting strategies comprising reduced capacity, shifting route patterns, and mitigation strategies related to easing the impact of the pandemic. For instance, Airbus has confirmed an average A320 Family production rate of 45 aircraft per month in Q4 2021 and has created a demand from suppliers to anticipate a firm rate of 64 by Q2 2023. Expecting a continued recovering market, Airbus is also asking suppliers to allow a rate of 70 by Q1 2024. Additionally, the requirement of Aircraft Windows and Windshields in the military aviation sector creates a stable demand in the market and is expected to stabilize the position of major players. Therefore, after bearing a drastic short-term negative impact, the global aircraft windows and Windshields market is regaining its strength.
MARKET PLAYERS
The report covers key developments in the Aircraft Windows and Windshields market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Windows and Windshields market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Windows and Windshields in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Windows and Windshields market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- GKN Aerospace
- The NORDAM Group LLC
- Saint-Gobain
- GENTEX CORPORATION
- Evonik R?hm GmbH
- Control Logistics Inc
- PPG Industries, Inc.
- Llamas Plastics, Inc.
- Aerospace Plastic Components
- Lee Aerospace
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.