The aircraft thrust reverser market is characterized by many factors which are or will be shaping the market dynamics and competitive landscapes of various nacelle components. Amongst all of the factors, the biggest one is the announcement made by Boeing and Airbus to integrate themselves vertically and make more of the components including nacelle ones for some of their best-selling aircraft programs in-house.
This strategic move is executed by both OEMs to smooth their aircraft production, to cut costs, and to fatten profits. Another factor which is worrying these giant plane makers, is the consolidation in the aircraft parts market.
Increasing production rates of best-selling aircraft programs, such as B737, A320, B787, and A350XWB, the introduction of fuel-efficient variants of aircraft programs, such as B737 Max and A320neo; advancement in nacelle technology, a gradual shift towards lightweight components, and growing aircraft fleet size are some of the factors that are proliferating the demand for nacelle components in the aerospace industry.
Commercial aircraft is always the largest demand generator of thrust reverser and other nacelle components in the aerospace & defense industry. Both Boeing and Airbus are enjoying huge order backlogs, representing the continuous aircraft production for nine years at current aircraft build rates.
The global aircraft thrust reverser market is projected to reach an estimated value of US$ 4,439.7 million in 2022.
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