Global aircraft empennage market is anticipated to register growth with a robust CAGR in the forecast period, 2023-2027. The market growth can be attributed to the rising investments in the aviation sector for developing advanced equipment to improve the efficiency and safety of the aircrafts. Empennage refers to the entire tail or rear section of the aircraft, including both vertical and horizontal stabilizers, the elevator and the ruder. The primary function of empennage is to provide stability during the flight by reducing side-to-side movements. The empennage is not a single component, rather it consists of several parts such as the tailplane, the tailfin, and the rear end of the fuselage. Collectively, these parts as a whole are referred to as aircraft empennage. During the flight, aircraft empennage provides a surface to the airplane on which airplane stabilizer can be mounted.
The rapid growth in the airplane manufacturing industry to cater the rising demands from both commercial and defense & military sectors is augmenting the growth of the aircraft empennage market. The defense and military sector require narrow shaped body that would enable the plane to fly and navigate the way more swiftly and at a rapid pace. The empennage is located at the rear end of the aircraft and consists of two main components, the rudder and the elevator. The rudder helps the airplane to steer from left to right, and the elevator helps with changing elevation swiftly. As a result, aircraft empennage plays a very crucial role in improving the safety performance of the aircraft. Besides, the growing dependence of the e-commerce industry on air cargo shipping is also increasing the application of aircraft in this sector, thereby influencing the product demand.
Apart from this, the rapid technological advancements to reduce the manufacturing cost and enhance fuel efficiency are anticipated to offer lucrative growth opportunities to the global aircraft empennage market. For instance, machine learning techniques such as artificial intelligence (AI) are being adopted by aircraft manufacturers to improve safety, efficiency, and quality. The ML algorithms collect data and analyze it to make better decisions. These advancements eventually help in reducing the manufacturing cost along with improving enhancing the performance of airplanes. The low manufacturing cost has resulted in more production of aircrafts, hence adding to the high demand for aircraft empennage.
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Market Segmentation
The United States is anticipated to hold a significant market share in the coming years due to the emergence of innovative aircraft empennages by the market players in the region.
Company Profile
GKN plc, Americans Spirit AeroSystems, Triumph Group, Mitsubishi Heavy Industries, Leonardo S.p.A., Stelia Aerospace, Premium Aerotec, Latécoère, Lockheed Martin Corporation, and Spirit AeroSystems, Inc are the leading market in global aircraft empennage market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, volume in units, and CAGR for
2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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Aircraft Type
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Demand Category
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Empennage Type
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Regional scope
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North America, Europe &
CIS, Asia Pacific, Middle east and Africa, South America
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Country scope
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United States; Canada; Mexico; China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam,
South Korea;
Germany, France, United Kingdom, Spain, Italy, Belgium, Russia;
Brazil, Argentina, Colombia; South Africa, UAE, Saudi Arabia, Egypt
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Key companies profiled
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GKN plc, Americans Spirit AeroSystems, Triumph Group,
Mitsubishi Heavy Industries, Leonardo S.p.A., Stelia Aerospace, Premium
Aerotec, Latécoère, Lockheed Martin Corporation, and Spirit AeroSystems, Inc
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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