Global market for aircraft windshield and windows expected to grow to $7.5 billion by 2033
From GlobeNewswire: 2024-06-14 09:00:00
The Global Commercial Aircraft Windshield and Windows Market is expected to grow from USD 5.9 billion in 2023 to USD 7.5 billion by 2033, with a CAGR of 2.43%. Modern aircraft windows offer protection and thermal energy storage, driving demand for new aircraft. The value chain includes raw material procurement, OEM and aftermarket sales, and installation on aircraft to ensure passenger safety and comfort.
The narrow-body segment dominates the market due to the increasing demand for short- to medium-haul flights. Polycarbonate is the leading material for windshields and windows, offering lightweight properties and aerodynamic efficiency. The aftermarket segment is vital for maintenance and repair services, supporting airlines in ensuring the safety and reliability of their fleets.
North America is expected to lead the market due to fleet expansion and technological advancements. Asia Pacific is witnessing the fastest growth, driven by rising air travel demand and fleet expansion by airlines. Key vendors include GKN Plc, PPG Industries, Inc., Gentex Corporation, and more. Recent market developments include Llamas Plastics Inc. securing a contract to provide V-22 aircraft windscreens for the Defence Logistics Agency Aviation.
Read more at GlobeNewswire: Global Commercial Aircraft Windshield and Windows Market