The commercial aircraft window market has been forecast to increase at a compound annual growth rate (CAGR) of 3.25% over the next five years, increasing from a valuation of $541.6 million at the start of 2013, to hit a market value of $635.3 million by 2018.
The recovery of the aviation sector from the 2007-08 global economic crisis has helped the commercial aircraft manufacturers with new orders. The majority of new orders are coming from emerging regional economies such as APAC and BRIC. Manufacturers are increasing their aircraft production capacity alongside innovative aircrafts aimed at increasing fuel efficiency.
With the increase in global air travel, growth in passengers' investment appetite and the fight against the rise in fuel prices, airlines are continuously improving and improvising to enhance their aircraft efficiency, luxury and comfort to travellers. An aircraft window is one of the key focus areas in this regards.
Current commercial aviation fleet size is composed of 63% of NBAs, 19% of WBAs, 14% of RTAs & 4% of VLAs. The majority of existing commercial aircrafts cabins consist of normal acrylic window & window shades assembly.
However new generation aircrafts like Boeings 787 includes the creative aircraft windows - Interactive Windows. Aircraft are moving towards smarter windows for increasing efficiency & improvement of passenger's experience.
The industry is witnessing new entrants from emerging economies, particularly within the narrow body segment. These in turn are acting as a boom for aircraft component manufacturers.
The commercial aircraft window market is currently dominated by GKN Aerospace with over 43% of the market share.
For more information on the commercial aircraft window market, see the latest research: Commercial Aircraft Window Market
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