Aircraft Nacelle And Thrust Reverser Market Report

Market Insights

Aircraft Nacelle and Thrust Reverser Market is likely to witness an impressive CAGR of 7.2% during the forecast period. The factor that is expected to serve as a major catalyst is the growing employment of low-drag and lightweight nacelles. The innovative low-drag lightweight nacelles signify the increasing fuel efficiency of an aircraft, and hence, the demand for such nacelles and thrust reversers are increasing. 

Segments' Analysis

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Aircraft Nacelle and Thrust Reverser Market Share: By End-User Type

Based on the end-user type, the market is segmented as original equipment manufacturer (OEM) and maintenance repair overhaul (MRO). The OEM segment is estimated to register a higher growth in the coming five years. In the aviation industry, aircraft are engineered and delivered to airline companies with aircraft nacelle and thrust reverser technology mounted in aircraft. Original Equipment Manufacturers (OEMs) are accountable for the installation of aircraft nacelle and thrust reverser mechanisms. This is an appropriate substitute for airline companies, as after the delivery of aircraft, aftermarket alteration becomes onerous for aircraft manufacturers.

Aircraft Nacelle and Thrust Reverser Market Share: By Material Type

Based on the material type, the market is segmented as composites, titanium alloys, nickle chromium, stainless steel, and aluminum alloys. The aluminum alloys segment is anticipated to retain its dominance during the forecast period. Metals, such as aluminum, steel, and titanium and its alloys, are chosen for the production of aircraft nacelles owing to their strength and high temperature tolerance. As an instance, in Airbus A380, composites are employed on the foremost boundaries and in the fuselage frame for structural clips and engine nacelles, but aluminum remains the foremost material in terms of total share of materials in an aircraft due to its ductility and corrosion resistance. Hence, owing to the rising demand for new aircraft deliveries across the globe, the aluminum alloys segment is estimated to lead the market during the forecast period.  

Aircraft Nacelle and Thrust Reverser Market Share: By Component Type

Based on the component type, the market is segmented as thrust reverser and aircraft nacelle. The thrust reverser segment is expected to depict a higher growth in the coming five years. Thrust reversers are the most intricate and weightiest part of any aircraft nacelle and influence significantly the cost of the overall aircraft nacelle. Thus, owing to the growing demand for new aircraft deliveries globally, the thrust reverser segment is anticipated to remain dominant during the forecast period.

Aircraft Nacelle and Thrust Reverser Market Share: By Engine Type

Based on the engine type, the market is segmented as turbofan, turboprop, and gas turbine. The turbofan segment is estimated to portray the highest growth during the forecast period. In the aviation industry, almost all the aircraft used in the commercial and regional travel, function on the principle of turbofan-based aircraft propulsion owing to which the upsurge in the demand for commercial and regional airliners is contributing to the escalating demand for turbofan-based engine nacelles.

Aircraft Nacelle and Thrust Reverser Market Share: By Region

In terms of regions, North America is estimated to remain dominant in the aircraft nacelle and thrust reverser market during the forecast period owing to the high demand for new aircraft and substitution of aging fleets. The Asia-Pacific region is also anticipated to be the fastest-growing region as there is an increase in the modernization agendas in the Asia-Pacific aviation industry, which is estimated to contribute to the high acceptance of advanced aircraft nacelles. These factors are expected to further drive the demand for aircraft nacelles and thrust reversers in the Asia-Pacific region. China and India are the growth engines of the region. Europe is also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation

Aircraft Nacelle and thrust reverser are aerodynamics structures that are highly important for 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. While thrust reverse offers deceleration for landings of short distances and controls the tear in the tires and brakes.

Aircraft Nacelle and thrust reverser can be made up of composites, titanium alloys, nickel-chromium, stainless steel, and aluminum alloys.

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 nacelle and thrust reverser market is segmented into the following categories. 

Aircraft Nacelle and Thrust Reverser Market Size, Share, & Forecast, by End-User Type:

• Original Equipment Manufacturer (OEM) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Maintenance Repair Overhaul (MRO) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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

• Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Titanium Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nickel Chromium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aluminum Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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

• Thrust Reverser (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aircraft Nacelle
• (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• (Component Type Analysis: Engine Cowl and Fan Cowl)

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

• Turbofan
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Engine Type Analysis: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, and Business Jets)
• Turboprop
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Engine Type Analysis: Military Transport Aircraft and Ultralight Aircraft)
• Gas Turbine
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Engine Type Analysis: Business Helicopter, Military Transport Helicopter, Military Attack Helicopter, and Military Light Helicopter)

Aircraft Nacelle and 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)

Key Players

Some of the major players in the aircraft nacelle and thrust reverser market are-

• Bombardier Inc.
• GKN Plc
• Leonardo S.P.A.
• Nordam
• Safran S.A.
• Spirit Aerosystems Inc.
• Triumph Group
• United Technologies Corporation
• Woodward, Inc.

Research Methodology

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. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

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:

• 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

Report Customization Options

With this detailed report, 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 material types by end-user type.    

Competitive Benchmarking

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

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