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Aircraft Nacelle Components Market | Covid-19 Impact Analysis
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
This 271-page comprehensive report, from Stratview Research, presents the most complete and thorough market analysis on aircraft nacelle components for the forecast period of 2019 to 2024 with high emphasis on accurate market data, insights and competitive landscapes. The report rigorously studies all major nacelle component suppliers, nacelle system integrators, as well as engine and aircraft manufacturers in order to provide an accurate assessment of the nacelle components market at the global and regional levels. The report further identifies low-hanging fruits that lie ahead for the market participants with an aim to enable informed business decision making and growth strategy formulation for long-term profitable growth.
The Aircraft Nacelle Components Market: Highlights
The global aircraft nacelle components market is projected to grow at a healthy rate over the next five years to reach US$ 9,011.1 million in 2024. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight aircraft nacelle components; increasing share of wide-body aircraft in commercial aircraft deliveries, rising global aircraft fleet size; and increasing diameter of fan blades of turbofan engines are the major growth drivers of the market.
The market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Jet, and Military Aircraft. Narrow-body aircraft is expected to remain the growth engine of the aircraft nacelle components market during the forecast period, propelled by the introduction of fuel-efficient variants of best-selling programs (A320neo and B737 Max). Both commercial aircraft manufacturers (Boeing and Airbus) are enjoying huge order backlogs (13,048 aircraft units as of 31st December 2018) of their commercial aircraft programs and have incessantly been raising the production rates to meet the growing demand.
Based on the material type, the market is segmented as Composites, Nickel Alloys, Titanium, and Others. Composite is expected to remain the material of choice in the market during the forecast period. There has been an incessant replacement of metals with composite components, owing to their excellent strength-to-weight ratio at a relatively lower weight. Titanium components are expected to witness the highest growth in the market during the same period, driven by increasing penetration, especially in exhaust components.
Based on regions, North America is expected to remain the largest aircraft nacelle components market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of aircraft nacelle components in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; opening of assembly plants of Boeing and Airbus for the B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
The supply chain of this market comprises raw material suppliers, nacelle component manufacturers, nacelle integrators, engine OEMs, aircraft OEMs, and airline companies. The key aircraft nacelle component manufacturers are Collins Aerospace (Previously UTC Aerospace Systems), Safran S.A., Spirit AeroSystems, Inc., Bombardier (Short Brothers PLC), GKN Aerospace, and Leonardo S.p.A. Development of lighter nacelle components, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The global aircraft nacelle components market is segmented into the following categories:
Aircraft Nacelle Components Market, By Aircraft Type
Aircraft Nacelle Components Market, By Component Type
Aircraft Nacelle Components Market, By Material Type
Aircraft Nacelle Components Market, By Manufacturing Process Type
Aircraft Nacelle Components Market, By Region
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]
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