Aircraft Doors Market Expected to Reach $9.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Aircraft Doors Market," The aircraft doors market was valued at $5 billion in 2021, and is estimated to reach $9.1 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.

The aircraft doors market is expected to expand at a healthy rate due to rising demand for personalized, elegant, and comfortable cabin interiors with attractive lighting. Fast-paced lifestyle and thriving economic conditions in emerging economies have increased aircraft manufacturing and sales. This increase in aircraft production has resulted in increased demand for aircraft cabin interiors around the world.

With economic expansion, people's standard of living and spending power increases, and it is because if this reason that air travel is predicted to shoot up dramatically. The aerospace industry's increasing profitability and significant growth has spurred demand for cost-effective aircraft cabin Door.

However, some of the disadvantages of aircraft doors are that they are unquestionably more expensive than their manual counterparts. Because of the numerous aircraft door functions, automatic doors can be costly to obtain and necessitate a large budget. Furthermore, when it comes to repairs, they are more expensive than standard doors.

Next Generation Equipped Doors (NexGED), electrically controlled aircraft doors, are making their way into the market for aircraft doors. Because linear actuators are utilized to arm and disarm the slide, electric doors outperform conventional mechanical doors in terms of performance and emergency evacuation passage. For instance, in October 2019, Door Engineering, a global aviation part maker, launched the Premier Door Hydraulic Door System. The hydraulic door system with a single panel is designed to outlive and surpass any other hydraulically driven doors on the market. Such technological progress, combined with an increasing consumer base for airline travel, is likely to drive the aircraft doors market during the forecast period.

The global aircraft doors market share is segmented based on end-use industry and region. By door type, it is classified into passenger doors, emergency exits, cockpit door, cargo doors and others. By aircraft doors type, it is classified into commercial and military. By end-use, it is classified into OEM and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the aircraft doors market report include Safran, Hindustan Aeronautics Limited, Bombardier, Boeing, American Airlines Group Inc, Aernnova Aerospace S.A., Airbus S.A.S., Latécoère, Saab AB, Elbit Systems Ltd.

The report offers a comprehensive analysis of the global aircraft doors market trends by thoroughly studying different aspects of the market that include major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that contribute toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Key Findings of the Study

• Based on Aircraft Type, the Passenger Doors sub-segment emerged as the global leader in 2021 and Cargo Doors sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
• Based on Aircraft Type, the Commercial sub-segment emerged as the global leader in 2021 and Military sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
• Based on end-use, the OEM sub-segment emerged as the global leader in 2021 and Aftermarket sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.