Global Aircraft Transparencies Market Size, Trends, By Aircraft Type (Helicopters, Commercial Aviation, Military Aviation, Others), By Material (Acrylic, Glass, Polycarbonate) and By Application (Windows, Windshield, Cabin Interiors, Landing Lights Wingtip Lenses, Canopies, Chin Bubbles, Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa): Growth Opportunity Analysis and Industry Forecast, 2023-2030.
Global Aircraft Transparencies Market
The Global Aircraft Transparencies Market was valued at USD 1.14 billion in 2022 and is expected to expand USD 2.85 billion by 2030, at a CAGR of 5.06% during forecast period 2023-2030.
Aircraft transparencies refers to the lens, windshield passenger, canopy, window, and some other part of an airplane developed of straightforward materials. Aircraft transparencies provide with optical clarity, electro-chrome, de-icing, anti-fog, and enhanced light transmission. Transparency coatings are made of acrylic material, glass, and polycarbonate substrates. It provides protection from UV rays at high altitudes.
Market Drivers
The growing number of aircraft deliveries worldwide, acts as one of the essential factors driving the growth of aircraft transparencies market. The rising adoption of aircraft transparencies with the purpose of improving the aircraft performance, safety, efficiency and increase in the domestic & international travel shall accelerate the market growth. The growing usage of the aircraft transparencies in the passenger aircraft, commercial aircraft, and helicopters due to numerous benefits, modernization, and technological advancements in aerospace industry, will further boost the market growth.
Furthermore, rising investments by governments, growth in commercial aircraft, increase in disposable income and rising safety regulations for aircraft will have a positive affect the market.
Market Restraints
The very high cost related to the MRO services is expected to restrain the global aircraft transparencies market growth. Legal framework, regulatory barriers, and COVID 19 impact decreasing air passenger traffic are anticipated to hinder the aircraft transparencies market in the forecast period.
Impact of COVID-19
Aircraft transparencies producers & manufactures were forced to shut down production operations because of government-imposed lockdown to slow the spread of COVID-19. The manufacturers were facing issues related with operational due to disruption in supply chain management caused by the government initiatives to control the COVID-19 outbreak. Aircraft overhaul services were adversely affected due to less workforce, government-imposed transport restrictions to slow the spread of pandemic. Travel bans were imposed by nations globally which created financial strain on airlines, owing to the maintenance expenditure without any source of revenue generation.
Market Segmentation
The global aircraft transparencies market is segmented into aircraft type (helicopters, commercial aviation, military aviation, others), material (acrylic, glass, polycarbonate) and application (windows, windshield, cabin interiors, landing lights wingtip lenses, canopies, chin bubbles, others).
Regional Analysis
The global aircraft transparencies market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the aircraft transparencies market during the forecast period of 2030 owing to the rapid growth of the technologically advanced transparencies, increasing demand for commercial aircraft, rising aircraft orders & supplies and presence of major and leading players in the region.
Key Players
Various key players are discussed in the global aircraft transparencies market report including; GENERAL ELECTRIC, PPG Industries, Inc., GKN Aerospace Services Limited, Saint-Gobain, GENTEX CORPORATION, Textron Inc., Lee Aerospace., The NORDAM Group LLC, Llamas Plastics, Inc., Spartech, MECAPLEX Ltd., and Others.
Market Taxonomy
By Aircraft Type
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