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    Aircraft Thrust Reverser Market Size, Share & Forecast (2019-2024) | Covid-19 Impact Analysis

    Aircraft Thrust Reverser Market Size, Share & Forecast (2019-2024) | Covid-19 Impact Analysis

    Aircraft Thrust Reverser Market Size, Share & Forecast (2019-2024) | Covid-19 Impact Analysis
    Report code - SRAD153 Published On : May,2019 No. of Pages: 266
    Aircraft Thrust Reverser Market Size, Share, Trend, Forecast, & Competitive Analysis: See more...
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    Impact of COVID-19 on Aircraft Thrust Reverser Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aircraft Thrust Reverser Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 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.

    Aircraft Thrust Reverser Market Insights

    The global aircraft thrust reverser market is projected to reach an estimated value of US$ 4,761.7 million in 2024. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight thrust reverser; an increased demand for fuel-efficient aircraft; and an advancement in technology of thrust reverser are some of the major growth drivers of the global aircraft thrust reverser market.

     

    Aircraft Thrust Reverser Market Share Analysis

    Aircraft Thrust Reverser Market Share by Aircraft Type

    The global aircraft thrust reverser market is segmented based on aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and Business Jets. Both, narrow- and wide-body aircraft are expected to remain the growth engines of the global aircraft thrust reverser market during the forecast period of 2019 to 2024. Increasing narrow- and wide-body aircraft deliveries to support rising passenger traffic, the introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors that are propelling the demand for thrust reversers in these segments.

    Aircraft Thrust Reverser Market Share by Product Type

    Based on the product type, the global aircraft thrust reverser market is segmented as Cascade Type, Pivot Four Door Type, and Bucket Type. Cascade is expected to remain the most dominant and fastest-growing product type in the aircraft thrust reverser market during the forecast period of 2019 to 2024, owing to its extensive usage in commercial and regional aircraft programs.

    Aircraft Thrust Reverser Market Share by Material Type

    Based on the material type, the aircraft thrust reverser market is segmented as Composites and Metals. Composite is expected to remain the material of choice in the global aircraft thrust reverser market during the forecast period. There has been an incessant replacement of metal components with composite components, owing to their excellent strength-to-weight ratio at a relatively low weight. Metals, such as aluminum, titanium, and stainless steel, are primarily used in small sub-components, such as hinges and fittings.

    Regional Insights

    Based on the region, North America is expected to remain the largest aircraft thrust reverser market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The higher growth of aircraft thrust reverser in Asia-Pacific is mainly attributable to the increasing commercial aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; and upcoming commercial and regional aircraft, such as C919 and MRJ.

    Key Players

    The supply chain of this market comprises raw material suppliers, thrust reverser manufacturers, nacelle integrators, engine OEMs, aircraft OEMs, and airline companies. The key aircraft thrust reverser manufacturers are Safran S.A., Spirit AeroSystems, Inc., Collins Aerospace (UTC Aerospace Systems), GKN Aerospace, and Triumph Group, Inc. Development of lighter and optimized aircraft thrust reverser, setting up long-term contracts, and strategic collaborations are the key strategies adopted by the major players to gain a competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 4,761.7 million

    Forecast

    4.8% CAGR during 2019-2024

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aircraft Thrust Reverser Market Size, Share & Forecast by Aircraft Type:

    • Narrow-Body Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • Wide-Body Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • Very Large Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • Regional Aircraft (Regional Analysis: NA, Europe, APAC, and RoW)
    • Business Jet (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Thrust Reverser Market Size, Share & Forecast by Product Type:

    • Cascade Type (Regional Analysis: NA, Europe, APAC, and RoW)
    • Pivot Four Door Type (Regional Analysis: NA, Europe, APAC, and RoW)
    • Bucket Type (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Thrust Reverser Market Size, Share & Forecast by Material Type:

    • Composites (Regional Analysis: NA, Europe, APAC, and RoW)
    • Metals (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Thrust Reverser Market Size, Share & Forecast by Process Type:

    • Hand Layup (Regional Analysis: NA, Europe, APAC, and RoW)
    • Resin Infusion (Regional Analysis: NA, Europe, APAC, and RoW)
    • AFP/ATL (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Thrust Reverser Market Size, Share & Forecast by Mechanism Type:

    • Hydraulic Thrust Reverser (Regional Analysis: NA, Europe, APAC, and RoW)
    • Electrical Thrust reverser (Regional Analysis: NA, Europe, APAC, and RoW)

    Aircraft Thrust Reverser Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Report Features

    This report, from Stratview Research, studies the global aircraft thrust reverser market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     


    Frequently Asked Questions (FAQs)

    What is aircraft thrust reverser?

    Aircraft Thrust Reverser is an important component for many aircraft as it helps in deceleration at the time of landing. It acts against the forward travel of the aircraft slowing down the jet. Aircraft Thrust Reverser is used mainly for reducing the distance during landing. Also, it reduces down any wear on the aircraft brake.

    What will be the size of the Aircraft Thrust Reverser Market in the foreseeable years?

    Driven by a number of factors like increasing demand for lightweight thrust reverser, the aircraft thrust reverser market is projected to reach an estimated value of US$ 4,761.7 million in 2024.

    Who are the key players in the Aircraft Thrust Reverser Market?

    Safran S.A., Spirit AeroSystems, Inc., Collins Aerospace (UTC Aerospace Systems), GKN Aerospace, and Triumph Group, Inc. are among the key players in the aircraft thrust reverser market.

    Which country/region is expected to remain the largest Aircraft Thrust Reverser Market?

    North America is expected to remain the largest aircraft thrust reverser market during the forecast period of 2019-2024.

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