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  • Aircraft Thrust Reverser Market | 2019-2024

    Aircraft Thrust Reverser Market | 2019-2024

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

    Market Insights

    The global aircraft thrust reverser market is estimated to grow from USD 3587 million in 2018 and is likely to grow at a CAGR of 4.80% during 2029-2024 to reach USD 4761.7 million by 2024.

    Aircraft Thrust Reverser Market Snapshot

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    What are aircraft thrust reversers?

    Aircraft thrust reversers are devices that redirect the thrust of an aircraft engine in the opposite direction to normal, providing deceleration. They are used primarily to slow down aircraft after landing, but can also be used in other situations, such as rejected take-offs or to help slow an aircraft in flight.

    Thrust reversers are typically deployed after the aircraft has touched down on the runway and is decelerating. The pilot can deploy the thrust reversers manually or automatically. Once the thrust reversers are deployed, they can be used to provide a significant amount of deceleration, helping to reduce the landing distance of the aircraft.

    Aircraft Thrust Reverser Market Report Overview

    Market Size in 2024

    USD 4761.7 Million

    Market Size in 2018

    USD 3587 Million

    Market Growth (2019-2024)

    CAGR of 4.80%

    Base Year of Study

    2018

    Trend Period

    2013-2018

    Forecast Period

    2019-2024

     

    The aircraft thrust reverser market is driven by a host of factors, some of which are noted below:

    Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight thrust reversers, increased demand for fuel-efficient aircraft; and advancement in technology of thrust reversers are some of the major growth drivers of the global aircraft thrust reverser market.

    Segment Analysis

    Aircraft Thrust Reverser Market Segmentation

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    Aircraft Trends

    The market is segmented based on aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and Business Jets. The narrow-body aircraft dominated the market with a share of more than 45% in 2018 & 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.

    Product Trends

    The market is segmented as Cascade Type, Pivot Four Door Type, and Bucket Type. Cascade occupied a share of more than 75% in 2018 & is expected to remain the most dominant and fastest-growing product type in the market during the forecast period of 2019 to 2024, owing to its extensive usage in commercial and regional aircraft programs.

    Material Trends

    The market is segmented into Composites and Metals. The composite segment accounted for a market share of more than 70% in 2018 & is expected to remain the material of choice in the global 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 Analysis

    North America dominated the market with a share of more than 45% in 2018 & 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 reversers 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.

    Aircraft Thrust Reverser Market Regional Analysis

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    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. 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 aircraft thrust reverser market is segmented in the following ways:

    By Aircraft Type:

    • Narrow-Body Aircraft
    • Wide-Body Aircraft
    • Very Large Aircraft
    • Regional Aircraft
    • Business Jet

    By Product Type:

    • Cascade Type
    • Pivot Four Door Type
    • Bucket Type

    By Material Type:

    • Composites
    • Metals

    By Process Type:

    • Hand Layup
    • Resin Infusion
    • AFP/ATL
    • Others

    By Mechanism Type:

    • Hydraulic Thrust Reverser
    • Electrical Thrust reverser

    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)

    Key Players

    Some of the key aircraft thrust reverser manufacturers are-

    • Safran S.A.
    • Spirit AeroSystems, Inc.
    • Collins Aerospace (UTC Aerospace Systems)
    • GKN Aerospace
    • 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 a 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 a 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 a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, 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.

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

     

    How big is the sales opportunity?

    In-depth Analysis of the aircraft thrust reverser market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the vehicle class types by technology type. 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    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 sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Aircraft thrust reversers are devices that redirect the thrust of an aircraft engine in the opposite direction to normal, providing deceleration. They are used primarily to slow down aircraft after landing, but can also be used in other situations, such as rejected take-offs or to help slow an aircraft in flight.

    The market is estimated to grow from USD 3587 million in 2018 to reach USD 4761.7 million by 2024.

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

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

    The market is likely to grow at a CAGR of 4.80% during 2029-2024.

    Cascade is expected to remain the most dominant product type in the market during the next five years.

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