The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Insulation Market.
Report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Aircraft Insulation Market in the aircraft industry is set to reach an unprecedented level of US$ 0.8 billion in 2025.
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Based on the aircraft type, the aircraft insulation market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, and helicopter. Commercial aircraft is likely to remain the largest and the fastest-growing aircraft type in the market over the next five years. An expected rebound in commercial aircraft deliveries with the FAA approval to Boeing for B737Max is anticipated to bring the charm back of the aircraft segment. Furthermore, the growing demand for safer operations and lightweight insulation systems add some stir to the growth of the market segment. General aviation also holds a fair share of the market and is subjected to grow at a modest rate in years to come.
Based on the insulation type, the aircraft insulation market is segmented as thermal insulation, acoustic insulation, and electric insulation. Thermal insulation is likely to remain the most dominant insulation type in the market over the next five years. Various types of thermal insulation systems are used in an aircraft, which are fuselage annulation (thermal insulation blankets and lining) and high-temperature insulation and firewall blankets (flexible, metallic, Firewall, seals, conductive gaskets, etc.). Thermal insulation blanket (TIB) offers a fire barrier apart from thermal and acoustical insulation as well as it provides weight reduction when compared with metal. Further, it is corrosion-resistant, water repellent, and environmentally friendly and provides good electrical insulation. Acoustic insulation also holds a considerable share of the market. Acoustic insulation is required to attenuate noise and to provide comfort and reliability as a lot of noise is generated in an aircraft, majorly from aerodynamics and engines.
Based on the material type, the market is segmented as foamed plastic insulation, fiberglass insulation, ceramic insulation, and other insulations. Fiberglass insulation is estimated to maintain its unassailable lead in the market in years to come. Fiberglass batting encapsulated with covering film plastics is majorly used as thermal acoustic insulation blankets for commercial and regional aircraft fuselage. Fiberglass blankets are mainly manufactured with the flame-attenuated process that helps to uniformly distribute fiberglass with low-heat transfer characteristics.
Foamed plastic insulation is expected to witness the highest growth during the forecast period, owing to its good sound-absorbing properties and thermal insulation properties which make it an appropriate claimant for thermal acoustic insulations. Further, other noticeable properties of foamed plastic insulations include excellent resistance to fire, smoke and toxicity (FST), lightweight, maintaining flexibility for a wider temperature range, and wider compatibility with many different facings, coatings, adhesives, and covering films.
In terms of regions, North America is likely to remain the most dominant market for aircraft insulation during the forecast period. The region is the hub of the aircraft industry with the presence of several raw material suppliers, aircraft insulation manufacturers, tier players, aircraft OEMs, airlines, aircraft leasing companies, and MRO companies. The recent spread of COVID-19 in the USA disrupted the supply chain of the country’s aviation industry, compelling aircraft OEMs including Boeing to shut down their manufacturing facilities as per government directives. Despite the severe hit of the region’s aircraft insulation market due to the COVID-19 outbreak, the region will likely to be succeeded in maintaining its lead in the global market during the studied period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Aircraft Insulation Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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