The 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.
The global aircraft enclosures market has been segmented based on aircraft type, material, process, application, and region.
On the basis of aircraft type, the global aircraft enclosures market has been divided into commercial, military, regional, and others. The commercial segment is expected to account for the largest share of the market during the forecast period and register the highest CAGR from 2019 to 2025. The rising number of aircraft being manufactured to cater to the increasing air passenger traffic is expected to drive the growth of the segment.
Based on material, the market has been classified as aluminum, composite, and others. The aluminum segment dominated the market in 2018. However, the composite segment is expected to register the highest CAGR during the forecast period as composite aircraft enclosures offer benefits such as durability and high structural strength.
On the basis of process, the global aircraft enclosures market has been categorized as injection molding, stamping, and others. The stamping segment dominated the market in 2018. However, the injection molding segment is projected to be the fastest-growing during the review period. Aircraft enclosures manufactured using injection molding processes are lightweight, highly efficient, and have high tensile strength.
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The key players in the global aircraft enclosures are Collins Aerospace (US), Carlisle Interconnect Technologies (US), Garmin Ltd (US), Ducommun Incorporated (US), Honeywell International Inc. (US), Thales Group (France), TE Connectivity (Switzerland), Precision Metal Industries (US), and Curtiss-Wright C