The aircraft nacelle and thrust reverser market was valued at USD 2.07 billion in 2017 and projected to reach USD 2.86 billion by 2023, at a CAGR of 5.59% during the forecast period. The objectives of this study are to analyze the aircraft nacelle and thrust reverser market, along with the provision of statistics. It also aims to define, describe, and forecast the market on the basis of component, material, engine type, end user, and region. The year 2017 has been considered the base year for this study, and 2018 to 2023 the forecast period.

The research methodology that has been used to estimate and forecast the aircraft nacelle and thrust reverser market begins with capturing data on the revenues of the key aircraft nacelle and thrust reverser players through secondary sources, such as International Air Transport Association (IATA), Department of Defense (DoD), and paid databases. Aircraft nacelle and thrust reverser offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives of the leading companies operating in the market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of primaries has been depicted in the figure below:

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Companies such as Safran (France), UTC (US), Leonardo (Italy), Bombardier (Canada), Triumph (US), FACC (Austria), GKN (England), Nordam (US), and Spirit AeroSystems (US), among others, are the major players in the aircraft nacelle and thrust reverser ecosystem

Target Audience for this Report:

Manufacturers of Aircraft Nacelle and Thrust Reversers

Providers or Suppliers of Aircraft Nacelle and Thrust Reverser Parts

Manufacturers of Sub-components

Retailers, Distributors, and Wholesalers of Aircraft Nacelle and Thrust Reversers

Technology Support Providers

Manufacturers of Defense Components

Manufacturers of Aerospace Components

System Integrators

Governmental Bodies

�This study on the aircraft nacelle and thrust reverser market answers several questions for stakeholders, primarily which market segments they need to focus upon during the next 2 to 5 years to prioritize their efforts and investments.�

Scope of the Report

This research report categorizes the aircraft nacelle and thrust reverser market into the following segments:

Aircraft Nacelle and Thrust Reverser Market, by End User

OEM

MRO

Market, by Material

Aluminum Alloys

Titanium Alloys

Composites

Nickel Chromium

Stainless Steel

Market, by Component

Engine Cowl

Fan Cowl

Thrust Reverser

Market, by Engine Type

Turbofan Narrow Body Aircraft (NBA) Wide Body Aircraft (WBA) Very Large Aircraft (VLA) Regional Transport Aircraft (RTA) Business Jets

Turboprop Ultralight Aircraft Military Transport

Gas Turbine Business Helicopter Military Light Helicopter Military Attack Helicopter Military Transport Helicopter



Market, by Region

North America

Europe

Asia Pacific

Rest of the World

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report on the aircraft nacelle and thrust reverser market:

Regional Analysis

Further breakdown of the Rest of the World aircraft nacelle and thrust reverser market

Company Information

Detailed analysis and profiles of additional market players (up to 5)

The aircraft nacelle and thrust reverser market is projected to grow from an estimated USD 2.17 billion in 2018 to USD 2.86 billion by 2023, at a CAGR of 5.59% from 2018 to 2023. The factor that is expected to act as a major driver is the increasing use of low-drag and lightweight nacelles. Aircraft nacelles are one of the significant contributors to high aircraft weight and drag. The new low-drag lightweight nacelles contribute to increasing fuel efficiency of aircraft, and thus demand for such nacelle and thrust reversers is increasing. The market has been segmented based on component, material, engine type, end user, and region.

Based on end user, the OEM segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft nacelle and thrust reverser technology installed in aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of aircraft nacelle and thrust reverser components. This is a suitable alternative for airline companies, as post the delivery of aircraft, aftermarket modification becomes cumbersome for aircraft manufacturers.

Based on material, the aluminum alloys segment is expected to lead the aircraft nacelle and thrust reverser market during the forecast period. Metals, such as steel, aluminum, and titanium and its alloys, are preferred for the manufacture of aircraft nacelles on account of their strength and high temperature enduring capacity. For instance, in Airbus A380, composites are used on the leading edges and in the fuselage frame for structural clips and engine nacelles, but aluminum remains the dominant material in terms of total share of materials in an aircraft on account its corrosion resistance and ductility. Thus, due to increasing demand in new aircraft deliveries globally, the aluminum alloys segment is projected to lead the market during the forecast period.

Based on component, the thrust reverser segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. Thrust reversers are the most complex and heaviest part of any aircraft nacelle and contribute significantly to the cost of the total aircraft nacelle. Hence, due to increasing demand in new aircraft deliveries globally, the thrust reverser segment is projected to lead the market during the forecast period.

Based on engine type, the turbofan segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, almost all the aircraft used in commercial and regional travel work on the principle of turbofan based aircraft propulsion due to which the rise in demand for commercial and regional airliners is leading to the increasing demand for turbofan based engine nacelles. Based on engine type, the turboprop segment is expected to grow at the highest CAGR on account of increasing deliveries of propeller based aircraft, due to increasing regional inter-country passenger traffic.

North America is expected to be a leading aircraft nacelle and thrust reverser market during the forecast period due to the high demand for new aircraft and replacement of aging fleets. The Asia Pacific region is expected to be the fastest-growing region due to increase in modernization programs in the Asia Pacific aviation industry, which is expected to lead to the high adoption of advanced aircraft nacelles. These factors are anticipated to further propel the demand for aircraft nacelle and thrust reversers in the APAC region.

Significant investments required for the development of different types of aircraft nacelle and thrust reversers is a major factor restraining the growth of the aircraft nacelle and thrust reverser market across the globe.

Major players in the aircraft nacelle and thrust reverser market are Safran (France) and UTC (US), among others. Products offered by various companies operating in the market have been listed in the report. The recent developments section of the report provides information on the strategies adopted by various companies to strengthen their positions in the market between November 2011 and October 2018.

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