New York, United States , Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Global Aircraft Transparencies Market Size is to grow from USD 1.56 Billion in 2022 to USD 3.12 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.2% during the projected period. One of the major factors driving the growth of the aircraft transparencies market is the increase in the number of aircraft deliveries around the world.
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Transparencies are typically made of glass, acrylic, polycarbonate, or laminates, depending on the specific application and requirements of the aircraft. They are designed to withstand extreme conditions such as high temperatures, pressure differentials, and UV radiation. Aircraft transparencies, which include windscreens, windows, canopies, and other transparent panels installed on aircraft, are critical components that provide visibility and protection to pilots and passengers. Technological advances, improved safety regulations, and a greater emphasis on lightweight materials in aviation all contribute to the market's expansion. Manufacturers, suppliers, and distributors are among the market's key players. These companies specialize in the design and production of aircraft transparencies that meet industry standards and specifications. To ensure the availability of high-quality, dependable transparent components, they work closely with aircraft manufacturers, MRO facilities, and airlines. However, the high price of repair, overhaul, and maintenance services constrains the market for aircraft transparencies. MRO services are critical for maintaining the performance and integrity of transparency over its lifetime.
Browse key industry insights spread across 200 pages with 140 market data tables and figures & charts from the report on "Global Aircraft Transparencies Market Size, Share, and COVID-19 Impact Analysis By Application (Windshields, Windows, Canopies, Chin Bubbles, Landing Lights & Wingtip Lenses, Cabin Interiors (Separators), and Skylights), By Aircraft Type (Military Aviation, Commercial Aviation, Business, and Others), By Material (Glass, Acrylic, and Polycarbonate), By End-Use (OEM and Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.”
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The windows segment is expected to hold the largest share of the global aircraft transparencies market during the forecast period.
The global aircraft transparencies market is segmented by application into windshields, windows, canopies, chin bubbles, landing lights & wingtip lenses, cabin interiors (separators), and skylights. Among these, the windows segment will likely account for the greatest share of the global aircraft transparencies market throughout the forecast period. The demand for larger windows, improved optical clarity, and enhanced safety features is driving the growth of the windows segment.
The commercial aviation segment is estimated to hold the largest share of the global aircraft transparencies market during the forecast period.
The global aircraft transparencies market is classified into military aviation, commercial aviation, business aviation, and others. Commercial aviation is expected to account for the greatest percentage of the global aircraft transparencies market throughout the forecast period. Increased air passenger traffic, increased demand for new aircraft, and airline fleet modernization efforts can all be attributed to segmental growth.
The polycarbonate segment is anticipated to hold the largest share of the global aircraft transparencies market during the predicted period.
The global aircraft transparencies market is segmented by material into glass, acrylic, and polycarbonate. The polycarbonate segment is projected to account for the greatest percentage of the global aircraft transparencies market throughout the forecast period. Segmental growth can be attributed to polycarbonate's unique properties, such as its high impact resistance, lightweight nature, and excellent optical clarity.
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Asia Pacific is projected to hold the largest share of the global aircraft transparencies market during the study period.
Asia Pacific is expected to hold the largest share of the global aircraft transparencies market during the forecast period. With increased aircraft deliveries and rapid growth in air travel, the Asia Pacific region has emerged as a largest market for aircraft transparencies. Countries like China, India, and Japan are investing heavily in aviation infrastructure and fleet expansion. As a result, there is a growing demand for transparencies in the region to support new aircraft production and maintenance activities.
North America is expected to grow at the fastest pace in the global aircraft transparencies market during the forecast period. North America, as a key region in the aviation industry, accounts for an important portion of the global aircraft transparencies market. The presence of major aircraft manufacturers like Boeing and Lockheed Martin adds to the demand for aircraft transparencies. Furthermore, the region's well-established aerospace industry and high air passenger traffic drive the demand for new aircraft and replacement parts, such as transparencies.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Aircraft Transparencies Market include PPG Industries, Inc., GKN Aerospace, Saint-Gobain, General Electric Company, Gentex Corporation, Textron Inc., Lee Aerospace., The NORDAM Group LLC, Llamas Plastics, Inc., Spartech, MECAPLEX Ltd., Control Logistics Inc., Aeropair, Tech-Tool Plastics, Cee Bailey's Aircraft Plastics, and Others.
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Recent Development
In February 2023, GKN Aerospace has begun an 80,000-square-foot expansion of its Chihuahua, Mexico capacity in order to satisfy future demand for advanced, complex composite manufacturing and assembly for the business jet industry. The expansion is scheduled to be completed in December 2023.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Aircraft Transparencies Market based on the below-mentioned segments:
Global Aircraft Transparencies Market, By Application
- Windshields
- Windows
- Canopies
- Chin Bubbles
- Landing Lights & Wingtip Lenses
- Cabin Interiors (Separators)
- Skylights
Global Aircraft Transparencies Market, By Aircraft Type
- Military Aviation
- Commercial Aviation
- Business
- Others
Global Aircraft Transparencies Market, By Material
- Glass
- Acrylic
- Polycarbonate
Global Aircraft Transparencies Market, By End Use
- OEM
- Aftermarket
Global Aircraft Transparencies Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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