Global Aircraft Doors Market to Generate $9,057.5 Million in the 2022–2031 Timeframe Due to the Growing Demand for Lightweight Aircraft Doors

Aircraft doors are entry/exit doors to an airplane and are attached to the aircraft with a series of electric and mechanical latches. Though allowing the entry and exit of passengers and aircraft crew is the main function of this door, another important task handled by aircraft doors is to avoid rapid depressurization during the flight. Hence, aircraft doors are designed such that the risk of accidental opening is minimal. Apart from regular aircraft doors, a typical aircraft also has emergency doors which facilitate passage for passengers and the cabin crew in case of emergencies.

Forecast Analysis:

Increasing demand for lightweight aircraft doors to reduce the aircraft weight is expected to be the primary growth driver of the global aircraft doors market in the forecast period. Along with this, increase in aircraft manufacturing around the world is predicted to boost the market in the analysis timeframe. Moreover, growth in global air travel is expected to offer numerous growth opportunities to the market in the forecast years. However, according to the market analysts, high manufacturing cost of aircraft doors might become a hurdle in the full-fledged growth of the aircraft doors market in the 2022-2031 timeframe.

Regionally, the aircraft doors market in the North America region is expected to be the most dominant in the forecast period. Increased consumer spending on air travel in this region is predicted to be the main contributing factor to the growth of the market in the forecast period.

As per a report by Research Dive, the global aircraft doors market is expected to reach a revenue of $9,057.5 million in the 2022–2031 timeframe, thereby growing at CAGR of 6.2% by 2031. Some prominent market players include Groupe Latécoère, SAAB, Hellenic Aerospace Industry, Aviation Technical Services, FACC AG, Potez Aéronautique, Altitude Aerospace, Airbus, Primus Aerospace, Collins Aerospace, and many others.

Covid-19 Impact on the Aircraft Doors Market

The Covid-19 pandemic and the subsequent lockdowns have had a catastrophic impact on various businesses and markets worldwide. The aircraft doors market, too, faced a similar fate. The pandemic saw a massive disruption in supply of raw materials required for aircraft door manufacturing which affected the production cycles of various companies. This, ultimately, impacted the growth rate of the market in a negative way.

Significant Market Developments

The key players of the market are adopting various business strategies such as partnerships, mergers & acquisitions, and launches to gain a leading position in the market, thus helping the aircraft doors market to flourish. For instance:

• In November 2020, Altitude Aerospace, a leading aircraft designing company, announced that it had received the contract for developing three composite doors for Alice Project,  Eviation’s all-electric aviation program. This upcoming product launch by Altitude Aerospace is expected to help the company to increase its market share in the next few years.
   
• In April 2021, All Nippon Airways (ANA), a leading Japanese aircraft carrier, announced a partnership with JAMCO Corporation, a leading aircraft engine parts supplier. This partnership between the two companies is aimed at installing hands-free lavatory doors on 21 ANA aircrafts so as to provide easy access to the passengers. This collaboration is predicted to help both the companies to expand their footprint in the market substantially in the coming period.
   
• In June 2022, Latitude Aero, an aircraft modernization company, announced a collaboration with Boeing, world’s leading airline manufacturer. This collaboration is aimed at developing a highly advanced and customized closed-door suite, specifically built for Boeing 737-800. The collaboration project is anticipated to help both the companies increase their footprint in the aviation sector in the near future.