The North America aircraft nacelle and thrust reverser market is growing at a significant pace due to factors, such as rapid rise in the number of aircraft orders. The growth of the Asia Pacific aircraft nacelle and thrust reverser market can be attributed to the rise in disposable incomes and increase in air travel. The aircraft nacelle and thrust reverser market is projected to grow from an estimated USD 2.17 billion in 2018 to USD 2.86 billion by 2023, at a CAGR of 5.59% from 2018 to 2023.
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This report provides an analysis of the aircraft nacelle and thrust reverser market for the forecast period from 2018 to 2023. It discusses industry and technology trends currently prevailing in the aircraft nacelle and thrust reverser market. It analyzes factors that drive and restrain the growth of the aircraft nacelle and thrust reverser market as well as the challenges faced by it.
Browse 82 market data Tables and 39 Figures spread through 132 Pages and in-depth TOC on "Aircraft Nacelle and Thrust Reverser Market - Global Forecast to 2023"
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Among materials, the titanium alloy segment of the aircraft nacelle and thrust reverser market is projected to grow at the highest CAGR during the forecast period. This is due to its high cost and high usage in the manufacture of aircraft nacelles. It is particularly used in the rear section of the aircraft engine nacelle due to its high heat resistance and strength. Titanium alloys tend to be more difficult to machine than traditional aluminum metals and machining these alloys results in shorter tool life and less process security.
Among components, the thrust reverser segment is expected to lead the aircraft nacelle and thrust reverser market during the forecast period. The price of the thrust reverser is the highest among all the other components due to high metal usage and complexity. On account of this, the thrust reverser segment is projected to grow at the highest CAGR. The thrust reverser includes all components required to decelerate the aircraft at the time of landing. In modern aircraft, thrust reversers have multiple cascade vanes which redirect the backward thrust produced by the engine in the forward direction to ensure optimum deceleration in aircraft speed while landing. Currently, electric thrust reverser actuation systems are installed in the latest generation aircraft which include the Airbus A380.
Target Audience for this Report:
- Manufacturers of Aircraft Nacelle and Thrust Reversers
- Providers or Suppliers of Aircraft Nacelle and Thrust Reverser Parts
- Manufacturers of Sub-components
- Retailers, Distributors, and Wholesalers of Aircraft Nacelle and Thrust Reversers
- Technology Support Providers
- Manufacturers of Defense Components
- Manufacturers of Aerospace Components
- System Integrators
- Governmental Bodies
Based on the end user segment, the OEM segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft nacelle and thrust reverser technology installed in the aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of aircraft nacelle and thrust reverser components. This is a suitable alternative for airline companies, as post the delivery of aircraft, aftermarket modification becomes cumbersome for aircraft manufacturers.
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Based on engine type, the turbofan segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, almost all the commercial aircraft are installed with turbofan based aircraft propulsion since it is the cheapest and most feasible mode of aircraft propulsion, due to which the rise in demand for commercial and regional airliners is leading to the increasing demand for turbofan based engine nacelles. Based on engine type, the turboprop segment is expected to grow at the highest CAGR due to increasing deliveries of propeller based aircraft as a result of rising regional inter-country passenger traffic.
North America region expected to lead the aircraft nacelle and thrust reverser market during the forecast period
The Asia Pacific aircraft nacelle and thrust reverser market is projected to grow at the highest CAGR from 2018 to 2023. Modernization programs are increasing in the Asia Pacific aviation industry, which is leading to the high adoption of advanced aircraft nacelle and thrust reversers. These factors are anticipated to further propel the demand for aircraft nacelle and thrust reversers in the APAC region.The major players profiled in this report on the aircraft nacelle and thrust reverser market are Safran (France), UTC (US), Leonardo (Italy), Bombardier (Canada), Triumph (US), FACC (Austria), GKN ( England), Nordam (US), and Spirit AeroSystems (US), among others.
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