According to Fortune Business Insights™, the global aircraft fairing market was valued at USD 1.41 billion in 2020 and is projected to grow from USD 1.46 billion in 2021 to USD 2.60 billion by 2028, exhibiting a CAGR of 8.59% during the forecast period. The market growth is largely driven by the increasing demand for lightweight, aerodynamic components that enhance fuel efficiency, reduce drag, and improve overall aircraft aesthetics.
Aircraft fairings are essential aerodynamic structures designed to streamline the aircraft’s profile by covering gaps, joints, and structural components. Their primary function is to reduce drag, improve fuel efficiency, and enhance the overall performance and aesthetics of an aircraft. By delaying boundary layer separation and minimizing both form drag and interference drag, fairings play a vital role in modern aircraft design.
One of the most common examples is the flap track fairing, a pod-like structure located under an aircraft’s wings. While Boeing and Airbus use flap fairings of similar configurations, McDonnell Douglas aircraft feature unique vertical fairings that house hydraulic actuators. Depending on the design requirements, fairings are typically manufactured using aluminum or advanced composite materials, with composites increasingly preferred due to their lightweight and high-strength properties.
The design and manufacturing of aircraft fairings form a critical phase of aircraft production. Engineers must carefully consider aerodynamic efficiency, weight reduction, and component integration during development. The choice of fairing structure often depends on the aerodynamic advantage sought and the type of components to be enclosed within the fairing.
As global air passenger traffic continues to rise, demand for new aircraft deliveries and fleet modernization programs is expanding. This directly fuels the need for advanced fairing systems that contribute to improved efficiency and reduced operational costs. Consequently, the aircraft fairing market is projected to grow at a significant CAGR over the forecast period, supported by sustained aircraft orders from commercial, regional, and general aviation sectors.
https://www.fortunebusinessinsights.com/aircraft-fairings-market-105857
Commercial Aviation (Dominant Segment)
The commercial segment held the largest share in 2020 and is expected to dominate throughout the forecast period. Growth is supported by rising procurement of modern-generation aircraft that prioritize lightweight structures, fuel efficiency, and passenger comfort. Increasing airline orders from both established carriers and low-cost operators further reinforce this segment’s leadership.
Military Aviation (Fastest-Growing Segment)
The military aviation segment accounted for around 12.3% share in 2020 and is projected to record the highest CAGR. Expansion is driven by increased demand for multi-role combat, transport, and surveillance aircraft, coupled with rising defense budgets in both developed and emerging nations.
Regional & General Aviation
These segments contribute steadily to the market, supported by fleet modernization initiatives and increasing regional connectivity needs.
Fuselage (Largest Segment)
The fuselage segment dominated the market in 2020 and is expected to maintain its lead with the highest CAGR. Advancements in structural components that reduce weight while improving efficiency are key growth factors. Fuselage fairings also play a vital role in protecting essential systems and enhancing aerodynamic stability.
Engine Fairings
Engine fairings are integral to improving airflow and shielding critical powerplant components. Demand is increasing with the rise in new-generation aircraft programs.
Landing Gear (Emerging Segment)
The landing gear fairing segment is witnessing strong growth due to the shift toward lightweight yet durable designs. Manufacturers are focusing on materials and configurations that ensure safety, performance, and cost efficiency without compromising on maintenance standards.
Control Surfaces, Radars & Antennas
These segments hold smaller shares but are gaining traction as aircraft designs increasingly integrate advanced systems requiring aerodynamic coverings.