Market Overview:
The global aircraft door latches market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018-2030), according to a new study by Transparency Market Research (TMR). The market is expected to be valued at US$ 2,023.5 Mn by 2030 end. The growth of the global aircraft door latches market can be attributed to the increasing demand for commercial and military aircraft across the globe. In addition, rising air passenger traffic has led airlines and Original Equipment Manufacturers (OEMs) to procure more number of aircraft, which in turn is fueling the demand for aircraft door latches globally. Furthermore, increase in investments towards modernization of existing airports infrastructure is also propelling the growth of this market during the forecast period. However, volatility in prices of raw materials used for manufacturing these products may hamper the growth prospects of this market during forecast period . Based on type, OEM segment dominated Global Aircraft Door Latches Market with revenue share exceeding 60% in 2017 . This dominance can primarily be attributed high adoption rate among original equipment manufacturers owing stringent safety regulations across different geographies coupled with growing demand from civil as well as military aviation sectors across globe .
Product Definition:
Aircraft door latches are devices that secure an aircraft's doors in the closed position. They are typically made of metal and consist of a handle, a latch, and a striker. The handle is used to open or close the door, the latch locks the door in place, and the striker is mounted on the aircraft's frame and engages with a notch on the door to keep it closed. Aircraft door latches are important for safety reasons; they prevent passengers from opening doors while in flight and allow crew members to safely access cabins during emergencies.
OEM:
OEM is short for original equipment. It's a term used in the aerospace industry to refer to aircraft components manufactured by an airline company specifically for its fleet of aircraft. These are replacement parts and can be either installed as part of the manufacturing process or purchased pre-installed from OEMs which are then fitted onsite at the factory.
Aftermarket:
Aftermarket is the second hand or new part of an article, which is bought by the original manufacturer and used in another product. Aftermarket parts are manufactured by numerous companies and can be obtained from any of them. The aircraft door latches market aftermarket consists of replacement parts for aircraft such as handle, catch, lever & spring; cables & chains; fasteners & screws; gaskets & seals; retaining compounds & washers and other related items like cable ties.
Application Insights:
The military aircraft segment dominated the global aircraft door latches market in terms of revenue share in 2017. The growth can be attributed to increasing defense expenditure by governments across the world. For instance, according to a 2016 United States Department of Defense (DoD) Report, countries such as China and India are investing heavily in military aerospace programs which is expected to increase demand for advanced aircraft over the forecast period.
The civil application segment is projected register a CAGR exceeding 6% from 2018 to 2030 owing to growing air travel demand across developing countries including China, India and Brazil among others. Furthermore, introduction of new models with improved features will also boost industry growth over the coming years.
Regional Analysis:
North America dominated the global aircraft door latches market in 2017. The growth can be attributed to the presence of major aircraft manufacturers such as Boeing, Lockheed Martin Corporation and Airbus S.A.S., coupled with high aviation activity in the region.
Asia Pacific is expected to witness significant growth over the next eight years owing to increasing air travel across various countries including India, China and Japan at a steady pace throughout this period will drive demand for these products within this region.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the demand for aircraft door latches.
- Technological advancements: Aircraft door latches are becoming increasingly sophisticated with the incorporation of new technologies such as smart sensors and wireless communication systems. This is resulting in better safety and performance features, which is driving their adoption by airlines worldwide.
- Stringent safety regulations: Airlines are increasingly adopting stringent safety regulations that mandate the use of aircraft door latches with enhanced features such as tamper-proofing and self-locking mechanisms. This is fuelling the growth of the market for aircraft door latches globally.
- according to IATA’s forecasted data .This will lead to an increase in demand for new aircraft doors and related components such as latch assemblies, thereby boosting the growth prospects ofthe marketforaircraftdoorlatches .
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Door Latches Market Research Report
By Type
OEM, Aftermarket
By Application
Civil Aircraft, Military Aircraft
By Companies
Adams Rite Aerospace Inc, Hartwell Corporation, Inteva Products, Ancra aircraft, Lisi aerospace, Airforms, Inc., Actron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Door Latches Market Report Segments:
The global Aircraft Door Latches market is segmented on the basis of:
Types
OEM, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil Aircraft, Military Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Adams Rite Aerospace Inc
- Hartwell Corporation
- Inteva Products
- Ancra aircraft
- Lisi aerospace
- Airforms, Inc.
- Actron
Highlights of The Aircraft Door Latches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEM
- Aftermarket
- By Application:
- Civil Aircraft
- Military Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Door Latches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft door latches are a type of safety device that keep the door from opening unintentionally. They are typically installed on the outside of an aircraft's cabin doors, and they use a locking mechanism to ensure that the door is closed properly.
Some of the major companies in the aircraft door latches market are Adams Rite Aerospace Inc, Hartwell Corporation, Inteva Products, Ancra aircraft, Lisi aerospace, Airforms, Inc., Actron.
The aircraft door latches market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Door Latches Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aircraft Door Latches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Door Latches Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aircraft Door Latches Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aircraft Door Latches Market Size & Forecast, 2020-2028
4.5.1 Aircraft Door Latches Market Size and Y-o-Y Growth
4.5.2 Aircraft Door Latches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Civil Aircraft
6.2.2 Military Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Door Latches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Door Latches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Civil Aircraft
9.10.2 Military Aircraft
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Civil Aircraft
10.10.2 Military Aircraft
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Civil Aircraft
11.10.2 Military Aircraft
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Civil Aircraft
12.10.2 Military Aircraft
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Civil Aircraft
13.10.2 Military Aircraft
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Door Latches Market: Competitive Dashboard
14.2 Global Aircraft Door Latches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adams Rite Aerospace Inc
14.3.2 Hartwell Corporation
14.3.3 Inteva Products
14.3.4 Ancra aircraft
14.3.5 Lisi aerospace
14.3.6 Airforms, Inc.
14.3.7 Actron
