Global Aircraft Enclosures Market Research Report: Information by Aircraft Type (Commercial, Military, Regional and others), Material (Aluminum, Composite and others), Process (Injection Molding, Stamping and others), Application (In-Flight Entertainment, Avionics, Embedded Computing and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) — Forecast till 2025
Market Scenario
Aircraft enclosures are cabinets that are utilized to protect critical electronic components. Aircraft enclosures offer protection to components against aircraft fluids and static electricity. Furthermore, they assist in reducing thermal loads. Stringent government regulations regarding aircraft and passenger safety are propelling aircraft manufacturers to invest in aircraft enclosures.
Increasing air traffic and the subsequent demand for new aircraft are the key factors driving the growth of the global aircraft enclosures market. Furthermore, a focus on aircraft modernization programs and growing emphasis on aviation safety are boosting market growth. However, the backlog in new commercial aircraft deliveries and rising fuel prices are expected to hamper market growth.
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The Global Aircraft Enclosures Market is estimated to register a CAGR of nearly 4.9% between 2019 and 2025.
Key Players
The key players in the global aircraft enclosures are Carlisle Interconnect Technologies (US), Garmin Ltd (US), Collins Aerospace (US), Ducommun Incorporated (US), Honeywell International Inc. (US), Thales Group (France), TE Connectivity (Switzerland), Precision Metal Industries (US), and Curtiss-Wright Corporation (US).
Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
- Secondary Research
In this process, data is collected from various secondary sources including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
- Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
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Global Aircraft Enclosures Market Research Report: Information by Aircraft Type (Commercial, Military, Regional and others), Material (Aluminum, Composite and others), Process (Injection Molding, Stamping and others), Application (In-Flight Entertainment, Avionics, Embedded Computing and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) — Forecast till 2025Market HighlightsThe growth of the global aircraft enclosures market can be attributed to a growing emphasis on passenger and aircraft safety and increasing air passenger traffic.
Furthermore, stringent government regulations pertaining to aircraft enclosures are bolstering market growth.
For example, the US Federal Aviation Administration (FAA) provides guidelines regarding installing electrical boxes on aircraft.The enhanced safety offered by aircraft enclosures against electrical accidents is expected to drive market growth.
However, rising fuel prices and the backlog in new commercial aircraft deliveries may hamper the growth of the market.For free sample: http://bit.ly/31krTGHRead on marketresearchfuture.comIn terms of region, the global aircraft enclosures market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
North America accounted for a dominant share of the market in 2018.
However, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period.The growing demand for new aircraft in the region to cater to the rising air passenger traffic is expected to drive the growth of the aircraft enclosures market in Asia-Pacific.
The newly added Plastic Enclosures Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Plastic Enclosures Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/plastic-enclosures-market/download-sampleMarket DynamicsThe increasing demand for the electrical appliance is primarily driving the market growth.
Plastic enclosures are last longer if they are used in an appropriate environment, which is again accelerating market growth.
The market is also gaining growth because plastic enclosures don’t conduct electricity, which is an important feature for electric storage and use near water.
