The global commercial aircraft windshield and windows market size was valued at USD 104.8 million in 2021 and is anticipated to grow from USD 115.6 million in 2022 to USD 261.7 million by 2029, exhibiting a CAGR of 12.38% during the forecast period.
List of Key Players Mentioned in the Report:
Saint Gobain SA (France)
PPG Industries, Inc. (U.S.)
Melrose Industries (U.K.)
NORDAM Group Inc. (U.S.)
LEE Aerospace (U.S.)
Gentex Corporation (U.S.)
GKN Plc (U.K.)
Control Logistics Inc. (U.S.)
Plexiweiss GmbH (Germany)
LP Aero Plastics, Inc. (U.S.)
Browse Summary:
https://www.fortunebusinessinsights.com/commercial-aircraft-windshields-and-windows-market-105546
COVID-19 Impacts:
COVID-19 to Obstruct Growth due to Plummeted Orders for Airplanes
The market for commercial aircraft windshield and windows is primarily navigated by the demand for new-generation aircraft. Nevertheless, the COVID-19 pandemic has impacted the commercial aviation industry in several methods, and the influence of the pandemic is predicted to remain even amid the forecast period. In the commercial sector, passenger traffic dropped dramatically in 2020 and 2021, and with the arrival of numerous waves of the pandemic in several nations, it is anticipated to take 2-3 years to improve totally. This factor is projected to impact the companies in the commercial aircraft windshields and windows market as well.
Report Coverage:
The report presents a comprehensive analysis of the market and a profound review of the major segments of the market. It presents an expansive examination of major players and their perceptive strategies to boost the market growth for profitable gains. It further shares remarkable insights that guide business owners with their investment viewpoint. The regional aspects and how they shape the market positively are mentioned in the following report. Additionally, COVID-19 influences have been described for surplus insights and how it is estimated to sway the demand for commercial aircraft windshields and windows in the upcoming future.
Segmentation:
Based on material, the market is segregated into ploycarbnate, glass, acrylic, and others.
On the basis of type, the global amrket is segmented into cabin windows and cockpit windshield.
In terms of aircraft type, the global market is classified into narrow body aircraft, wide-body aircraft, business jets, and regional aircraft.
By point of sale, the global market is divided into aftermarket and OEM
Geographically, the market is separated into North America, Europe, Asia Pacific, the Middle East & Africa, and the rest of the world.
Driving Factors:
Elevated Demand for Air Travel to Boost Demand for Windows
An augmentation in the demand for traveling by air that has compelled the corporations to surge their fleet size. Further, commercial aircrafts producers are obligated to increase the design and transforms it to be more effective and inexpensive and this has resulted in creation of lighter windows and windshields. Escalations in global air traffic, luxury of passenger, comfort, improving the travel experience for the passenger, and protection worries are crucial drivers. Bolstering competition in passenger airlines is predicted to fuel the demand for low-cost aircraft carrier. Product that is cost-effective is projected to lower the general price of the aeroplane. Windows and windshields designs conduct a vital role in security & protection and light design of the airplane.
Regional Insights:
North America to Dominate Backed by Presence of Huge Airplane Companies
North America is estimated to hold the largest commercial aircraft windshields and windows market share during the forecast period backed by huge existence of players such as the Boeing Company & Bombardier Inc.operating in this market.
Europe is expected to hold the second-largest market share on account of the countries in this region witnessing major developments regarding surging interest in airplanes.
Asia Pacific is predicted to display a substantial commercial aircraft windshields and windows market growth backed by increasing demand for commercial aircrafts in countries such as China and India.
Competitive Landscape:
Pivotal Business-related Publications by Crucial Players to Sway Market Aspects
Pivotal companies in the market often make important declarations concerning few business moves, which in turn impacts the market either affirmatively or unfavorably. Players procure companies, launch novel products, involve in partnership deals, sign agreements with government establishments and so on.
Industry Developments:
June 2021: Jet Shade, who is a pioneer in removable cockpit windhsield panels production presented novel commercial pilot solution intended for officers and captains of Boeing 737.