Sikkim Journal

Aircraft Transparencies Market worth $1.5 billion by 2025, at a CAGR of 7.7%

 Breaking News
  • No posts were found

Aircraft Transparencies Market worth $1.5 billion by 2025, at a CAGR of 7.7%

March 18
19:20 2021
Aircraft Transparencies Market worth $1.5 billion by 2025, at a CAGR of 7.7%

Aircraft Transparencies Market
[369 Pages] Aircraft Transparencies Market categrizes the Global market by Application (Windows, Windshields, Canopies, Landing Lights & Wingtip Lenses, Chin Bubbles, Cabin Interior, Skylights), Material (Glass, Acrylic, Polycarbonate), Aircraft Type and Region. COVID-19 Impact on Aircraft Transparencies Industry.

The report Aircraft Transparencies Market by End Use, Application (Windows, Windshields, Canopies, Landing Lights & Wingtip Lenses, Chin Bubbles, Cabin Interior, Skylights), Material (Glass, Acrylic, Polycarbonate), Aircraft Type and Region – Forecast to 2025″, size is projected to grow from USD 1.0 billion in 2020 to USD 1.5 billion by 2025, at a CAGR of 7.7% from 2020 to 2025. The market is driven by various factors, such as increase in number of aircraft deliveries and adoption of aircraft transparencies to increase aircraft performance, efficiency and safety.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=241023638

Browse 557 market data Tables and 39 Figures spread through 369 Pages and in-depth TOC on “Aircraft Transparencies Market by Type and Region – Forecast to 2025”

Aircraft Transparencies Market

The aircraft transparencies market includes major players PPG Industries, Inc. (US), GKN Aerospace (UK), Saint-Gobain (France), General Electric Company (US), and Gentex Corporation (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect aircraft transparencies  production and services by 7–10% globally in 2020.

High transparency, softness, and ductility to drive the demand for polycarbonate segment

The polycarbonate segment is expected to be the largest market by value. The growth of the polycarbonate segment of the aircraft transparencies market can be attributed to the characteristics of polycarbonate such as increased toughness, excellent dimensional stability, increased optical clarity, high heat resistance, and excellent electrical resistance.

The windows segment is projected to witness a higher CAGR during the forecast period

Based on application, the windows segment is projected to be the highest CAGR rate for the aircraft transparencies market during the forecast period. The growth of the windows segment of the aircraft transparencies market can be attributed to the increased demand for aircraft and the type of aircraft produced.

The commercial aviation segment is projected to witness a higher CAGR during the forecast period

Based on the aircraft type, the commercial aviation segment is projected to be the highest CAGR rate for the aircraft transparencies market during the forecast period. The commercial aviation  segment includes narrow body aircraft, wide body aircraft, regional transport aircraft, and commercial helicopters. This growth can be attributed to factors such as increasing air travel, rise in disposable income of the middle-class population, and increased international trade and tourism across the globe. Strong growth in this sector has resulted in an increased number of aircraft orders to address the increasing air passenger traffic.

The OEM segment is projected to witness the highest CAGR during the forecast period

Based on the end use, the OEM segment is projected to grow at the highest CAGR rate for the aircraft transparencies market during the forecast period. Over the years, there has been a significant rise in demand for single-aisle aircraft across regions. As per the recent press release by Airbus in January 2020, it delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by 8%.

The North America market is projected to contribute the largest share from 2020 to 2025

North America is projected to be the largest regional share for the aircraft transparencies market during the forecast period. The key factor responsible for North America, leading the aircraft transparencies market owing to the rapid growth of the technologically advanced transparencies in the region. In North America, the increase in aircraft orders and supplies is encouraging manufacturers of aircraft transparencies to increase their sales year on year. Moreover, increasing demand for commercial aircraft and presence of some of the leading players operating in the market, such as PPG Industries (US), Lee Aerospace (US), Nordam Group (US), Gentex Corporation (US), and GE Aviation (US), are expected to drive the growth of the aircraft transparencies market in North America. These players are focusing on R&D to increase their product lines and using advanced materials, such as acrylic and polycarbonate, for manufacturing aircraft transparencies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/aircraft-transparencies-market-241023638.html

Related Articles