Market Overview:
The global aircraft latch market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,521.4 Mn by 2030, registering a CAGR of 6.9% from 2018 to 2030. The growth of the global aircraft latch market can be attributed to the increasing demand for commercial and passenger aircraft across the globe. Additionally, the increasing adoption of advanced technologies in aircrafts is also expected to fuel the growth of the global aircraft latch market during forecast period. On basis of type, OEMs segment is anticipated to account for majority share in terms revenue contribution followed by aftermarket segment over forecast period (2018-2030). On basis application, propeller Aircraft segment accounted for larger share as compared other segments in 2017 and it is projected that this trend would continue throughout forecast period i.e., 2018-2030 owing high demand from commercial aviation industry across globe .
Product Definition:
Aircraft latch is a device used to secure the door of an aircraft. It is typically a metal bar that is hinged at one end and has a clasp on the other. The clasp snaps over a groove in the edge of the door to hold it closed.
OEMs:
OEMs are the manufacturer's parts, they are installed in an aircraft by the original equipment manufacturer. They can be defined as either a part or a complete system/subsystem that is manufactured by one company and supplied to another company for incorporation into its product. The OEMs market includes sales of both finished and semi-finished products to aviation industry players such as Boeing, Airbus, Bombardier Inc., etc.
Aftermarket:
Aftermarket is the new term in the aircraft industry which includes services, parts and products for aircraft. The aftermarket has been observing a steady growth rate on account of rising maintenance costs, replacement demand from aging fleet and increasing technological advancements.
The market is segmented into two types based on type of service (service & repair; component) and by end-user (aircraft OEM; airline operators). Service & repair segment holds maximum share in aftermarket followed by component segments.
Application Insights:
The others application segment includes ballistic missiles and space vehicles. The other types of aircraft include helicopters, fixed-winged aircraft, and rotary-winged aircraft. Ballistic missiles are a type of weapon that is launched into space from a launch vehicle to deliver anwarhead at high speed towards its target satellite or planet. Space vehicles are used for delivering payloads into orbit from the surface of the earth using launch vehicles or launching satellites into orbits around Earth using rockets.
Regional Analysis:
North America is expected to be the largest market for aircraft latches over the forecast period. The growth can be attributed to a large number of OEMs and aftermarket service providers in this region. Moreover, increasing demand for new-generation aircraft by major airlines is likely to drive the regional market further. Europe also accounted for a significant share in terms of revenue and is expected to witness steady growth over the next eight years owing to high aviation safety standards enforced by regulatory bodies such as EASA (European Aviation Safety Agency) and FAA (Federal Aviation Administration).
Asia Pacific was estimated as one of the largest markets with more than 30% share in 2017 owing to rapid development witnessed across several sectors, including aerospace & defense industry, especially China which accounts for most of its production bases globally along with being one of its leading consumers. Furthermore, growing awareness towards aviation safety coupled with rising disposable income will drive product demand further enabling companies from different industries such as automotive or consumer appliances etc.
Growth Factors:
- Increasing demand for air travel: The global air travel industry is growing at a rapid pace, owing to the increasing number of passengers opting for air travel. This is expected to drive the demand for aircraft latches in the coming years.
- Technological advancements: Aircraft latch manufacturers are constantly investing in R&D to develop new and innovative products that can meet the needs of their customers. This is likely to boost the growth of the aircraft latch market in the near future.
- Rising awareness about safety and security: With terrorist threats on an increase, passengers are becoming more aware about safety and security features offered by different airlines. This is expected to fuel demand for aircraft latches in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Latch Market Research Report
By Type
OEMs, Aftermarket
By Application
Propeller Aircraft, Jet Aircraft, Rotorcraft, Others
By Companies
Aircraft Spruce, McFarlane, LISI AEROSPACE, Actron Manufacturing, Stealth Aerospace, Wicks Aircraft Supply, Hartwell Corporation, Adams Rite Aerospace, Safety First, Aircraft Spruce
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
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Latch Market Report Segments:
The global Aircraft Latch market is segmented on the basis of:
Types
OEMs, 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
Propeller Aircraft, Jet Aircraft, Rotorcraft, Others
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:
- Aircraft Spruce
- McFarlane
- LISI AEROSPACE
- Actron Manufacturing
- Stealth Aerospace
- Wicks Aircraft Supply
- Hartwell Corporation
- Adams Rite Aerospace
- Safety First
- Aircraft Spruce
Highlights of The Aircraft Latch 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:
- OEMs
- Aftermarket
- By Application:
- Propeller Aircraft
- Jet Aircraft
- Rotorcraft
- Others
- 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 Latch 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?
An aircraft latch is a device used to secure an aircraft door.
Some of the major companies in the aircraft latch market are Aircraft Spruce, McFarlane, LISI AEROSPACE, Actron Manufacturing, Stealth Aerospace, Wicks Aircraft Supply, Hartwell Corporation, Adams Rite Aerospace, Safety First, Aircraft Spruce.
The aircraft latch market is expected to register a CAGR of 6.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Latch 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 Latch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Latch 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 Latch 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 Latch Market Size & Forecast, 2018-2028
4.5.1 Aircraft Latch Market Size and Y-o-Y Growth
4.5.2 Aircraft Latch Market Absolute $ Opportunity
Chapter 5 Global Aircraft Latch 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 Aircraft Latch Market Size Forecast by Type
5.2.1 OEMs
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aircraft Latch 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 Aircraft Latch Market Size Forecast by Applications
6.2.1 Propeller Aircraft
6.2.2 Jet Aircraft
6.2.3 Rotorcraft
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Latch 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 Latch 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 Aircraft Latch Analysis and Forecast
9.1 Introduction
9.2 North America Aircraft Latch 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 Aircraft Latch Market Size Forecast by Type
9.6.1 OEMs
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 Aircraft Latch Market Size Forecast by Applications
9.10.1 Propeller Aircraft
9.10.2 Jet Aircraft
9.10.3 Rotorcraft
9.10.4 Others
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 Aircraft Latch Analysis and Forecast
10.1 Introduction
10.2 Europe Aircraft Latch 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 Aircraft Latch Market Size Forecast by Type
10.6.1 OEMs
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 Aircraft Latch Market Size Forecast by Applications
10.10.1 Propeller Aircraft
10.10.2 Jet Aircraft
10.10.3 Rotorcraft
10.10.4 Others
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 Aircraft Latch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aircraft Latch 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 Aircraft Latch Market Size Forecast by Type
11.6.1 OEMs
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 Aircraft Latch Market Size Forecast by Applications
11.10.1 Propeller Aircraft
11.10.2 Jet Aircraft
11.10.3 Rotorcraft
11.10.4 Others
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 Aircraft Latch Analysis and Forecast
12.1 Introduction
12.2 Latin America Aircraft Latch 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 Aircraft Latch Market Size Forecast by Type
12.6.1 OEMs
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 Aircraft Latch Market Size Forecast by Applications
12.10.1 Propeller Aircraft
12.10.2 Jet Aircraft
12.10.3 Rotorcraft
12.10.4 Others
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) Aircraft Latch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aircraft Latch 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) Aircraft Latch Market Size Forecast by Type
13.6.1 OEMs
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) Aircraft Latch Market Size Forecast by Applications
13.10.1 Propeller Aircraft
13.10.2 Jet Aircraft
13.10.3 Rotorcraft
13.10.4 Others
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 Latch Market: Competitive Dashboard
14.2 Global Aircraft Latch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aircraft Spruce
14.3.2 McFarlane
14.3.3 LISI AEROSPACE
14.3.4 Actron Manufacturing
14.3.5 Stealth Aerospace
14.3.6 Wicks Aircraft Supply
14.3.7 Hartwell Corporation
14.3.8 Adams Rite Aerospace
14.3.9 Safety First
14.3.10 Aircraft Spruce
