Aircraft Door Latches ensure that the aircraft doors do not open inadvertently during the flight. The door latching can be done in the form of a hook or bolt, usually activated by a lever or D-ring. These systems allow for one or two internal door handles for the passengers for locking the door and opening it from inside the aircraft. Major players in the global aircraft door latches market offer a diverse range of latches for different requirements in the aircraft which include hook latches, flush handles, hold down, pin latches, tension shear, Outer V Band, and more. The market is essentially driven by the growth of passenger airlines and freighter aircrafts worldwide and introduction of new aircraft in their fleet.
MARKET SCOPE
The "Global Aircraft Door Latches Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Door Latches market with detailed market segmentation by type, door type, end user, and geography. The global Aircraft Door Latches market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Door Latches market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on Type, the global Aircraft Door Latches market is segmented into Hook Latches, Flush Handles, Hold Down, Pin Latches, Tension Shear, Pressure Relief, and Others.
- On the basis of door type, the market is segmented into passenger doors, emergency doors, service access doors, cargo doors, and others.
- On the basis of end user, the market is bifurcated into commercial and military.
MARKET DYNAMICS
Drivers:
- Essential component for flight safety and operations
- Huge demand from commercial airlines
- Retrofitting of old aircraft in service
Restraints:
- Slow growth of the technology
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Door Latches market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Door Latches market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT DOOR LATCHES MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The disruption in supply chain and restrictions on air travel left an impact on the aerospace industry through till 2021. In 2020, there was a decline in the production volume, as well as demand, of commercial aircrafts, due to which the demand for aircraft door latches market has been severely affected. For instance, customers of Boeing canceled more than 650 aircraft orders in 2020. The delivery of 157 planes by Boeing in 2020, was the lowest since 1984, which signifies a drastic impact on the aircraft manufacturer's operations and sales during the peak of the pandemic.
However, demand for products such as Aircraft door latches and related systems remains unaffected in the military domain as the budgets for military related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. For example, in September 2021, The Indian government on signed a procurement request for 56 C295 transport aircraft from Airbus Defense and Space in Spain, under which 40 military planes are to be manufactured in India by local giant Tata Group. Therefore, after experience a steep slump in the growth, the aircraft door latches market is regaining momentum during the second half of 2021.
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MARKET PLAYERS
The report covers key developments in the Aircraft Door Latches market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Door Latches market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Door Latches in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Door Latches market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adams Rite Aerospace Inc
- Hartwell Corporation
- Inteva Products
- Ancra International
- LISI AEROSPACE
- AIRFORMS Inc.
- Actron Manufacturing
- Hendricks Manufacturing, Inc.
- Aircraft Spruce
- Actron Manufacturing Inc.