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

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

    Aircraft Nacelle Systems Market Size, Share & Forecast (2019-2024) | Covid-19 Impact Analysis
    Report code - SRAD160 Published On : May,2019 No. of Pages: 259
    Aircraft Nacelle Systems Market Size, Share, Trend, Forecast, & Competitive Analysis: See more...
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    Impact of COVID-19 on Aircraft Nacelle Systems Market

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

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    Impact of COVID-19 on Aircraft Nacelle Systems 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 Nacelle Systems Market Insights

    The global aircraft nacelle systems market is projected to reach an estimated value of US$ 10.3 billion in 2024. The upward trajectory of the aircraft nacelle systems market is expected to continue with vigorous growth opportunities across regions for both existing as well as new players. The biggest factor bolstering the market for aircraft nacelle systems is an organic growth in aircraft deliveries.

    Boeing anticipated that there would be total deliveries of 41,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during 2018-2037. An expected healthy CAGR of 4.7% in air passenger traffic during 2018-2037 is will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for nacelle systems globally in the foreseeable future.

    In addition to that, Boeing and Airbus had a combined total order backlog of 13,048 commercial aircraft by the end of 2018. These such a huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next eight years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft.

    Airlines’ requirement of fuel-efficient aircraft is also leaving a significant imprint on the aircraft nacelle systems market. Most of the nacelle integrators are closely working with the OEMs and other industry stakeholders in order to develop lightweight nacelles with enhanced performance. This is another factor driving the demand for advanced lightweight nacelle systems.

    Another trend stimulating the design of nacelle and its demand is an incessant increase in the diameter of engine fan blades. Major next-generation commercial aircraft are coming with large-sized engine fan blades in order to generate a higher thrust. They are increasingly making engine fan blades for their next-generation aircraft with advanced composites. Nacelle integrators along with OEMs are developing large-sized nacelles to easily accommodate such large-sized fan blades.

    Aircraft Nacelle Systems Market Share Analysis

    Aircraft Nacelle Systems Market Share by Aircraft Type

    The global aircraft nacelle systems 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 global aircraft nacelle systems market during the forecast period, propelled by the introduction of fuel-efficient variants of best-selling programs (A320neo and B737 Max). Both commercial aircraft airframers (Boeing and Airbus) are enjoying huge order backlogs of their key aircraft programs and are increasing the production rates of A320 and B737 to meet the growing demand.

    Aircraft Nacelle Systems Market Share by Material Type

    Based on material type, composite is expected to remain the material of choice during the forecast period. There has been an incessant replacement of metals with composite materials owing to their excellent strength-to-weight ratio. Titanium is expected to witness the highest growth during the same period, driven by an increasing penetration, especially in exhaust components.

    Regional Insights

    Based on the regions, North America is expected to remain the largest aircraft nacelle systems 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 systems in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus of 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).

    Key Players

    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 system manufacturers are Collins Aerospace (UTC Aerospace Systems), Safran S.A., Spirit AeroSystems, Inc., GE Aviation, GKN Aerospace, Bombardier (Short Brother PLC), and Leonardo S.p.A. Development of lighter nacelle systems, regional expansion, and mergers & acquisitions 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$ 10.3 billion

    Forecast

    4.5% 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, Spain, 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 Nacelle Systems Market Size, Share & Forecast by Aircraft Type:

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Business Jet (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Nacelle Systems Market Size, Share & Forecast by Engine Type:

    • Turbofan Engine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Turboprop Engine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Turbojet Engine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Nacelle Systems Market Size, Share & Forecast by Material Type:

    • Composites (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Nickel Alloy (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Titanium (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Other Metals (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Nacelle Systems Market Size, Share & Forecast by Containment Type:

    • Hand Layup (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Resin Infusion (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • AFP/ATL (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Forming (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Aircraft Nacelle Systems Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Spain, 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 nacelle systems 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 Nacelle System?

    Aircraft Nacelle Systems is an important part of the aircraft. The nacelle is mainly a department that is separate from the fuselage. It houses the engines, or any other equipment or even at times the aircraft. Aircraft Nacelle Systems can be made up of composites, titanium alloys, nickel-chromium, stainless steel, and aluminum alloys.

    What will be the size of the Aircraft Nacelle System Market in the foreseeable years?

    Driven by a number of factors like growth in aircraft deliveries, the aircraft nacelle system market is projected to reach an estimated value of US$ 10.3 billion in 2024.

    Who are the key players in the Aircraft Nacelle System Market?

    Collins Aerospace (UTC Aerospace Systems), Safran S.A., Spirit AeroSystems, Inc., GE Aviation, GKN Aerospace, Bombardier (Short Brother PLC), and Leonardo S.p.A. are among the key players in the aircraft nacelle system market.

    Which country/region is expected to remain the largest Aircraft Nacelle System Market?

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

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