Aircraft Nacelle and Thrust Reverser Market to offer a healthy CAGR of 7.2% during 2020-25
February 11, 2020
Aircraft Nacelle and Thrust Reverser Market Overview:
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.
Report Overview:
This new report from Stratview Research analyses the Aircraft Nacelle and Thrust Reverser Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Aircraft Nacelle and Thrust Reverser Market Segment Insights:
OEM: The growth engine
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.
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Dominance of: Aluminum Alloys and Thrust Reverser
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.
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.
A highly/moderately/fragment consolidated Market
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.
Regional Hegemony of North America & the dominance of Turbofan
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.
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.
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