Global Aircraft Nacelle and Thrust Reverser Market is valued USD 2.1 billion in 2016 is anticipated to grow USD 3.6 billion with the compounded annual growth of 6.1% over the forecast period 2018-2025.
New York 17 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Aircraft Nacelle and Thrust Reverser market industry is poised to raise USD 3.6 billion by 2025. Aircraft nacelles are one of major factors that increases the aircraft weight and drag thus reduces its fuel efficiency and operating cost. Thrust Reverser are used to project reverse thrust while the airplane lands to reduce pressure on breaks and facilitate shorter landing distance. The increasing need to use of low-drag and lightweight nacelles for low fuel consumption and better stability are the major factor driving the growth of the Global Aircraft Nacelle and Thrust Reverser Market. The nacelle manufacturer has shifted their chief expenses in R&D to minimize weight, drag, and fuel consumption of aircraft, and also to support greener environment aiding to the growth of the market. Furthermore, various R&D departments are working to develop a high strength and durable materials for manufacturing safer aircraft. To fulfill the airline operator’s, demand the manufacturers are developing nacelles with low operating and maintenance costs and low airframe weight
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Global Aircraft Nacelle and Thrust Reverser Market Size study, by End Use (OEM, MRO), by Material (Composites, Titanium Alloys, Nickel Chromium, Stainless Steel, Aluminum Alloys), by Component (Thrust Reverser, Aircraft Nacelle), by Engine (Turbofan, Turboprop, Gas Turbine) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Safran, United Technologies Corporation, Leonardo S.P.A., Bombardier, Goodrich Aerostructures, Triumph Group, FACC, Vought Aerospace, GKN, Nordam, Middle River Aircraft Systems, Spirit Aerosystems Inc., Woodward, Inc. and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
By End Use:
- Original Equipment Manufacturer (OEM)
- Maintenance Repair Overhaul (MRO)
- Titanium Alloys
- Nickel Chromium
- Stainless Steel
- Aluminum Alloys
- Thrust Reverser
- Aircraft Nacelle
- Gas Turbine
- North America
- Asia Pacific
- Latin America
- Rest of the World