North America aircraft parts Market, by Parts (Engines, Cabin Interiors, Fuselage, Empennage, Landing Gear, Wings and Flaps and Propeller), by Material Type (Carbon Fibers, Composite Material, Steel Alloy, Aluminum Alloy and Titanium Alloy), by Aircraft Type (Narrow Body aircraft, Wide-Body aircraft and Turboprop aircraft), by Application (Commercial Aircraft, Business Aircraft and Military Aircraft), and by Country (U.S. and Canada) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
The aircraft components have evolved largely to make a flight safer, faster, and efficient. Aircrafts are designed for multiple purposes and most of them have the same major components. Most airplane structures include fuselage, wings, empennage, and landing gear. The fuselage includes cabin and/or cockpit, which contains seats for the occupants and the controls for the airplane. The empennage (also called tail) is the rear part of the aircraft. Usually, it includes the stabilizers, rudder, elevator as well as many other components.
Market Dynamics
The key airline manufacturers in North America region are actively focusing on adoption of light weight aircraft parts to enhance fuel economy. Boeing Corporation uses composite materials and carbon fiber in manufacturing aircraft parts of Boeing 787, a commercial aircraft to reduce the overall weight of aircrafts. Moreover, Airbus, one of the largest aircraft manufacturers uses composite material in manufacturing of A350 XWB.
For the constant supply of light weight materials, the aircraft manufacturers are signing contracts with material suppliers. For instance, in June 2016, Teijin Limited signed a Qualification Agreement with Boeing Company, an aircraft manufacturer. Under this agreement, both the companies are working on testing and application of carbon fiber reinforced thermoplastics (CFRTP). Moreover, in January 2019, Teijin Limited extended contract with Bombardier for 7 years to supply its carbon fiber. As the airline manufacturers are rapidly adopting light weight material, material suppliers can tie up with aircraft manufacturers to enhance their customer base and revenue.
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