Latin America aircraft door market share will witness over 6.5% CAGR over study timeframe with rising aircraft fleets. Airliners are continuously expanding commercial and regional jet fleets to accommodate larger number of passengers. For instance, in July 2018, Embraer received an order of over 20 regional jets from Azul Linhas Aereas Brasileiras. Middle East & Africa is at nascent stage and bound to witness significant growth owing to proliferating tourism industry.
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.
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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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 doors market penetration over the projected timeframe.
Hydraulic operating mechanism will register around 5.5% CAGR by 2025 owing to growing adoption of automatic actuation mechanisms for easy operation. The system allows superior accuracy and require less maintenance. Ongoing innovations offering high power to weight ratio and self-contained systems will induce significant potential in hydraulic aircraft doors market. However, rising concerns for system reliability in adverse weather conditions will limit its growth in aircraft door market.
Aftermarket showcased a significant growth rate over the forecast timeframe owing to the on-condition inspection for ensuring air-worthiness. Additionally, extensive MRO requirements for overhauling and restoring old airplane fleet are further expanding the aircraft door market share over the study timeframe.
Aircraft doors industry is consolidated with presence of major market participants including Latecoere, Saab AB, Mitsubishi Heavy Industries, Elbit Systems, and Aernnova Aerospace S.A. Manufacturers are strengthening their R&D capabilities for developing innovative solutions incorporating advanced mechanics and electrical actuation.
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Aircraft doors in essence, play a vital role to maintain specific air pressure in an aircraft cabin, offering enhanced security and assurance to traveling passengers. With a rising proportion of the global populace opting for air travel owing to surplus disposable incomes and the growing trade initiated by e-commerce giants, worldwide aircraft door market is poised to hit a remuneration mark of USD 9.5 billion by 2025.