Global commercial aircrafts windows market: 3.3% CAGR growth expected between 2012-2016

Press release   •   Aug 08, 2013 14:23 BST

The Global Commercial Aircrafts Windows and Windshields market is to grow at a CAGR of 3.33 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for aircrafts in the APAC region. The market has also been witnessing an increasing demand for low-maintenance aircraft windows. However, the increasing price of raw materials could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Commercial Aircraft Windows and Windshields market is the rise in demand for low-cost carriers. In recent years, the demand for no-frills airlines is increasing, especially in the APAC region. The cost-effective business model of no frills airlines has increased the demand for new aircraft in the market. Generally, the no-frills airlines fly only on short-haul routes and provide seats as a product to the passengers. The remaining services provided are either paid or are not provided on board. These airlines generally tap passengers who either use roadways or railways as their main mode of transportation. The travel cost for no frills airlines is almost the same as compared to other modes of transportation, while saving time and effort for the traveler.

One of the main factors driving the market is the increasing demand for light-weight aircraft. The windows and windshields in light-weight aircrafts are made of high-strength, light-weight glass, which plays an important role in reducing the weight of an aircraft. Thus, the increasing demand for light-weight aircrafts is expected to fuel the growth of the Global Commercial Aircraft Windows and Windshields market during the forecast period.

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