Aircraft vertical stabilizer composes to be an important part of aircraft empennage that is present on the tail of an aircraft. This empennage has two main roles to perform in the operation of aircraft; reducing aerodynamic slide slip and providing better directional stability. The aircraft vertical stabilizer, as the name suggests, points upwards in adherence to aerodynamic requirements. It contains significant components such as navigational radio and receiver antennas for airband.
Its functionality further broadens in jet aircraft with three engines, where aircraft vertical stabilizer additionally houses the central engine, otherwise known as engine inlet duct. Aircraft vertical stabilizer facilitates better steering and handling of aircraft, which ultimately ensures the safety and efficiency of the flight. Though aircraft vertical stabilizer is a mandatory component in all aircraft, it is recognized by different names in different regions. Aircraft fins is another popular name for aircraft vertical stabilizers.
Demand for Air Travel Drives Growth in the Market
The aircraft vertical stabilizer market is directly influenced by the dynamics of the aviation industry. Growing preference for air travel amongst customers on the pretext of saving time and enhanced comfort is driving the growth of the global aircraft vertical market. Followed by the surge in demand, aircraft fleet size is increasing along with the growing concern for safety during flying. These factors, collectively bolster the growth of the aircraft vertical stabilizer market.
Adoption of Actuation System Bolsters Demand in the Market
Demand for aircraft vertical stabilizer is accelerating for next-generation technically advanced flight control systems, creating growth avenues in the market. The actuation system in an aircraft serves as the main driver of the flight control system. Apart from flight control, the actuation system is also responsible for achieving fuel efficiency in an aircraft. These actuation systems have become advanced with the advancement in technology and these cutting edge actuators are installed in the modern aircraft. Growth in the adoption of these advanced actuators is driving the growth in demand for aircraft vertical stabilizers.
Design Complexity Arises Challenges
Although the aircraft vertical stabilizer market is experiencing healthy growth, certain challenges may hamper this growth. The limited presence of technically sound manufacturers that are capable of manufacturing the complex designs of aircraft vertical stabilizers is limiting the market growth. The intricacy in the design of aircraft vertical stabilizer is also posing a hurdle in the maintenance activities, which is inversely influencing the demand for aircraft vertical stabilizers.
Single aircraft vertical stabilizers along with aircraft vertical stabilizers are gaining momentum in the market. The latter comprises of twin tail stabilizers, v-tail stabilizers, triple tail stabilizers, and winglet stabilizers. The two major types of aircraft in aircraft vertical stabilizers are commercial aircraft and commercial aircraft of which the former can be segmented into different types such as narrow-body aircraft, very large body aircraft, and wide-body aircraft. Regional aircraft also form an important segment of commercial aircraft.
Asian Regions Exhibit High Growth Potential in the Market
Fueled by globalization and industrialization, East Asia along with South Asia is surging the demand for cargo activities of good’s transportation. These augmenting air cargo activities are bolstering the demand for aircraft vertical stabilizers. The markets in Europe and North America are known to be highly matured owing to the high growth rate of air travel in these regions. The aircraft stabilizer market in Latin America is experiencing a gradual decline in air activities which is to impart a moderate growth rate to the aircraft vertical stabilizer market in the coming years. However, the scenario is different in MEA and Oceania where aircraft vertical stabilizers are expected to grow at a significant growth rate in the period under projection.
Key players profiled in the global aircraft vertical stabilizer market are Airbus SE, AERnnova, The Boeing Company, BAE Systems plc, Liebherr Aerospace, KIHOMAC, Strata Manufacturing, and RUAG Aerostructures.
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