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Aircraft Exhaust System Market Growth Analysis | 2022-2028
Aircraft Exhaust System Market Size, Share, Trend, Forecast, & Competitive Analysis.
The aircraft exhaust system market was estimated at USD 683.66 Million in 2021 and is likely to grow at a CAGR of 8.19% during 2022-2028 to reach USD 1190.78 Million in 2028.
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Aircraft Exhaust System Market - Snapshot |
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|---|---|
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Growth (2022-2028) |
CAGR of 8.19% |
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Major End-User Type |
OEM |
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Major Components Type |
Exhaust nozzle |
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Dominant Aviation Type |
Commercial aviation |
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Dominant System Type |
Engine exhaust system |
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Region with the highest demand |
North America |
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Key Players |
Ducommun Inc., Esterline Technologies, Exotic Metals, Franke Industries, Sulzer Ltd., GKN Aerospace, Hellenic Aerospace Industry, Industria De Turbo Propulsores, and Ebara Corporation. |
Aircraft Exhaust System contains a series of pipelines that help the burnt or exhaust gases to exit and also it keeps such gases away from the combustion system of the aircraft. These are used in all types of aircraft such as commercial aviation, general aviation, business aviation, and military aviation.
Aircraft Exhaust System works on the engine exhaust system and APU exhaust system. Exhaust cone, exhaust pipe, exhaust nozzle, APU exhaust liner, APT exhaust tube, turbocharger, and others are the important components of the aircraft exhaust system
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The market is segmented as OEM and MRO. The OEM segment is estimated to register a higher growth during the forecast period. This growth is owing to the increasing number of aircraft deliveries across the globe, driven by the rising global air passenger traffic. With escalating deliveries of new aircraft, the demand for aircraft exhaust systems is expected to increase during the forecast period.
The market is segmented as exhaust cone, exhaust pipe, exhaust nozzle, APU exhaust liner, APU exhaust tube, turbocharger, and others. The exhaust nozzle segment is estimated to dominate the market during the forecast period.
Exhaust nozzle is constantly in demand as it is a part of any exhaust system which endures high temperature cycles and has to be repaired and replaced quite often.
The market is segmented as commercial aviation, general aviation, business aviation, and military aviation. The commercial aviation segment is estimated to depict the highest growth in the coming five years. The growth can be attributed to the fact that there is an increasing demand for commercial jet airliners due to the rising air passenger traffic in commercial aviation, which happens to be the largest market within the overall aerospace industry.
Further, the market is driven by the growing demand for commercial aviation jets globally; thus, the commercial aviation segment is projected to command the market during the forecast period. On the other hand, the military aviation segment is likely to portray the highest growth, owing to the snowballing deliveries of fighter aircraft.
The market is segmented as engine exhaust system and APU exhaust system. The engine exhaust system segment is expected to own a higher growth during the forecast period. The growth is owing to the rising demand for new aircraft deliveries across the globe as engine exhaust components happen to be one of the most intricate parts of an engine exhaust system and immensely contribute to the overall cost of an aircraft exhaust system.
North America is estimated to lead the market during the forecast period, supported by replacement of aging fleets and the high demand for new aircraft. Asia-Pacific is estimated to be the fastest-growing market, owing to the increase in modernization agendas in the Asia Pacific’s aviation industry, which is likely to contribute to a high adoption of advanced aircraft exhaust systems.
These factors are expected to further bolster the demand for aircraft exhaust systems in the APAC region during the forecast region. China and India are the growth engines of the region.
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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 exhaust system market is segmented into the following categories.
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Some of the major players in the market are-
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 conduct 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.
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Aircraft Exhaust System contains a series of pipelines that help the burnt or exhaust gases to exit and also it keeps such gases away from the combustion system of the aircraft. These are used in all types of aircraft such as commercial aviation, general aviation, business aviation, and military aviation. Aircraft Exhaust System can be of two types and these are the engine exhaust system and APU exhaust system. Exhaust cone, exhaust pipe, exhaust nozzle, APU exhaust liner, APT exhaust tube, turbocharger, and others are the important components of the aircraft exhaust system.
The Market is likely to witness an impressive CAGR of 8.19% during the forecast period.
In terms of regions, North America is estimated to lead the market during the forecast period, supported by replacement of aging fleets and the high demand for new aircraft.
Some of the major players in the market are Ducommun Inc., Esterline Technologies, Exotic Metals, Franke Industries, Sulzer Ltd., GKN Aerospace, Hellenic Aerospace Industry, Industria De Turbo Propulsores, and Ebara Corporation.
The OEM segment is expected to register higher growth rate in the market in the coming years.
The exhaust nozzle segment is expected to remain dominant in the market during the forecast period.
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