Why Aircraft Windows & Windshields Market is Expected to Witness Slow Growth

Airlines from across the world are emphasizing on improving aircraft efficiency by putting in modern amenities. Increasing demands for comfort and luxury from the air travelers are pushing the airlines to improvise on the existing amenities and replace them with finer and luxurious choices. Superior standard of living, increased global air travel and rising fuel prices are some of the major drivers for the aircraft windows and windshields market. Deliberate improvisations are increasing demands for these amenities, which are expected to drive the global industry at a steady rate. However, the market is expected to maintain a slow progress for the time being, which is estimated to pick up in long-term.

Basic Segmentation

Based on the types of products, the global aircraft windows & windshields market is widely distributed into two segments, namely, cabin windows market and windshields market. Both these segments are further sub-segmented based on the types of aircrafts, their size and demand pattern for different geographical regions. Based on the size of the aircrafts, the global industry is segmented into four types, namely, very large aircrafts (VLA), narrow body aircrafts (NBA), wide body aircrafts (WBS) and regional transportation aircrafts (RTA). Based on geographical locations, the market is segmented into the global market, which is further divided into North America, Latin America, Middle East, Africa, Asia Pacific and Europe.

Key Takeaways

According to the market research reports for the global commercial aviation windows and windshields market, the fleets of commercial aviation are dominated by narrow body planes. With around 63% of aircrafts, NBA is dominating commercial aviation market, which is followed by WBAs (19%), RTAs (14%) and VLAs (4%). Majority of these crafts incorporate normal acrylic windows and windshields. Nevertherless, the advanced machines like Boeing 787 have creative and interactive windows. Smart windows are attracting majority of commercial airlines, which is creating a wave of opportunities for the industry on a long-term basis.

Forecasting Reports

According to the expert analysis, the global industry is expected to grow at an estimated CAGR of 3.25% from 2013 to 2018. At this rate, the market will become worth $635.3 million by the end of 2018. As of 2013, the market is worth $541.6 million. Growth of aviation sector is expected to have positive influence on the aircraft windows and windshields market. Apart from that, growing regional demands, emerging economies, innovative aircraft models, and increasing new entrants in the market are expected to create better business opportunities with new revenue channels for the existing players.

Summary: Improving standard of living, growing air travel and rising expectations from passengers are driving the global aircraft windows & windshields market. Airlines are pushed for innovative designs for windows and window shades, which is creating a greater market for the existing businesses. Creativity and innovation along with growing aviation sector will drive the industry at a steady CAGR.