The global Aerospace Antimicrobial Coating Market size is projected to reach a CAGR of 6.9% from 2023-2030.
Aerospace antimicrobial coatings are used in the interiors of aircraft and space vehicles to prevent or reduce the growth of bacteria without any side effects on passenger health. These coatings help lower the costs associated with the disinfection of passenger decks. These coatings also help prolong cleaning cycles. The rise in concerns about passenger health is driving the aerospace antimicrobial coatings market. Aerospace antimicrobial coatings effectively prevent the breeding of microbes on surfaces in the cabin of aircraft and their transmission to food and passengers. Of late, the outbreak of Ebola and Zika viruses has emphasized the focus on health and safety in aircraft.
Growth in the Aerospace Antimicrobial Coating Market can largely be attributed to factors such as the increasing aircraft orders due to the rise in passenger traffic across the globe. Also, the airlines are more concerned about passenger safety and are investing in recoating existing fleets of aircraft which will also help in escalating the market. Furthermore, the factors which will provide a boost to the market are the increasing demand for commercial aircraft and business jets due to increased air passenger traffic, and also the industry is focusing on continuous innovation to ensure that the aircraft is affordable with this, modernization solutions are come up with productivity and sustainability.
On the other hand, the lack of profitable airlines in developing economies may hamper the growth of the market.
An increase in the demand for antimicrobial coatings in aircraft has stemmed from an increase in the incidence of contagious diseases such as the COVID-19 virus. Passengers' safety is ensured by the application of antibacterial coating throughout the fleet. Boeing is collaborating with educational institutions, scholars, and health specialists throughout the world to conduct studies and fund research to reduce the risk of COVID-19 transmission on planes. COVID-19 has had an impact on several businesses. COVID Pandemic has created a few new business opportunities for the Aerospace Antimicrobial Coating Market, in addition to this impact. The epidemic has changed the overall competitive landscape and market dynamics. This research quantifies all of these disruptions and impacts, which is backed up by market trends, events, and revenue shift studies.
Rising orders for new aircraft as a consequence of increased air passenger traffic worldwide are one of the most significant drivers of the global aerospace antimicrobial coatings industry. Furthermore, widespread concern relating to air passenger safety as well as rising initiatives to recoat the current aircraft by carriers are also favorably affecting the development of the market. However, a lack of successful aviation enterprises and airways in emerging nations may stymie future growth in the worldwide aircraft antimicrobial coatings industry. The silver segment is expected to lead the aerospace antimicrobial coatings market as it is one of the most efficient materials used by the aerospace industry.
North America to Dominate the Market
