As per Market Research Future (MRFR)’s study report, the global aircraft nacelle and thrust reverser market has been projected to mark a CAGR of 6% during the forecast period 2018 to 2023. Aircraft nacelle houses the engine whereas thrust reversers provide deceleration for short distance landings and minimize wear and tear of brakes and tires. These components form crucial components in aircraft architecture. Thus, rising developments in the aviation industry are poised to lead the growth of the market in the years to come.
A substantial increase in air traffic has led to a rise in demand for aircraft components. This, in turn, is anticipated to have a favorable influence on the proliferation of the aircraft nacelle and thrust reverser market over the next couple of years. Also, the rising demand for combat aircraft from the defense sector is presumed to boost the growth pattern of the market in the forthcoming years.
Other factors expected to propel the expansion of the aircraft nacelle and thrust reverser market include modernization of aircraft, increasing research & development activities, the inflow of investments, etc. In addition, the advantages offered by these components such as low maintenance costs, technological innovations, etc. are prognosticated to augment the market. On the flip side, existing backlogs in the delivery of new commercial aircraft remains an impediment to market growth.
By engine type, the global aircraft nacelle and thrust reverser market has been segmented into turboprop, turbofan, and others.
By application, the aircraft nacelle and thrust reverser market has been segmented into civil aviation and military aviation.
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By end-user, the global aircraft nacelle and thrust reverser market has been segmented into OEM and aftermarket.
By Component, the aircraft nacelle and thrust reverser market has been segmented into thrust reverser and nacelle. The nacelle segment has been further sub-segmented into inlet cowl and fan cowl.
By region, the global aircraft nacelle and thrust reverser market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is leading the growth of the global market and is likely to maintain its prominence over the assessment period. The consolidation of major global leaders in the region is poised to catalyze the growth of the aircraft nacelle and thrust reverser market. Also, increasing defense allocation is poised to have a favorable impact on the expansion of the regional market.
The noted players profiled in this MRFR report on the global aircraft nacelle and thrust reverser market are Collins Aerospace (a part of United Technologies Corporation (US)), Aircelle (a part of Safran SA (France)), FACC AG (Austria), Leonardo SpA (Italy), GKN Aerospace (UK), Middle River Aircraft Systems (a part of GE Aviation (US)), Sicamb SpA (Italy), Spirit AeroSystems, Inc. (US), Nexcelle (a MRAS/Safran joint venture (US)), and Westfield Hydraulics Inc. (US).
In March 2019, Germany based Lufthansa Technik AG has been awarded contracts from Ural Airlines, Russian Airlines (Aeroflot), and AirBridgeCargo Airlines for the provision of a line of maintenance support services. The contract also covers the pooling services for specific components such as inlet cowls, thrust reversers, and fan cowls.
In April 2018, Safran Nacelles, a French multinational aircraft engine company, has introduced NacelleLife service offering which covers jet engine nacelle systems and thrust reversers.
Table Of Contents
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
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