Aircraft Nacelle and Thrust Reverser Market Research Report – Global Forecast till 2023 Aircraft Nacelle and Thrust Reverser Market Research Report – Global Forecast till 2023 P a g e |1 Copyright © 2017 Market Research Future. Aircraft Nacelle and Thrust Reverser Market Research Report – Global Forecast till 2023 VIEW REPORT PRESS RELEASE SAMPLE REPORT P a g e |2 Copyright © 2017 Market Research Future. Aircraft Nacelle and Thrust Reverser Market Research Report – Global Forecast till 2023 Summary: According to Market Research Future (MRFR), the global aircraft nacelle and thrust reverser market would achieve a CAGR over 6% throughout the forecast period (2018 – 2023). Market Overview: A nacelle is an external aerodynamic structure that encases aircraft engines. Nacelle saves the aircraft engine from the external environment and maintains heat in it, reducing the friction between engine parts, which subsequently increases its life span. Thrust reverser is equipment providing deceleration by temporarily diverting the aircraft engine’s thrust, subsequently enabling shorter landing distances and reduces wear on brakes & tires. Over the past couple of years, led by the massive growth in the demand for new commercial aircraft, the aircraft nacelle and thrust reverser market is witnessing a substantial rise. Additional factors anticipated to boost the growth of the market, include increasing focus on aircraft modernization programs, growing importance for aviation safety, and initiatives taken for ensuring safe flights. Besides, the rise in defense expenditure, demand for new combat aircraft drives the growth of aircraft nacelle and thrust reverser market. Furthermore, increasing usages of 3D printing technology in the manufacturing of nacelle and thrust reverser, alongside, the advanced materials and composites in system fabrication, foster the market growth, offering promising growth opportunities to the market players. On the other hand, the existing backlogs in new commercial aircraft deliveries impede the market growth to an extent. P a g e |3 Copyright © 2017 Market Research Future. Aircraft Nacelle and Thrust Reverser Market Research Report – Global Forecast till 2023 Also, the challenge of developing an effective nacelle and thrust reverser that ensures effective & safe operation reduced maintenance cost and enhanced performance. Nevertheless, increasing, military budgets are expected to support the growth of the market, further boosting the service (MRO) requirement and growth in the aftermarket sector. Segmentation: The report is segmented into five key market dynamics to widen the scope of understanding. • By Engine Type: Turboprop and Turbofan, among others. • By Application : Civil Aviation and Military Aviation • By End-user: OEM and Aftermarket. • By Component : Nacelle (inlet cowl & fan cowl) and Thrust Reverser. • By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World. Regional Analysis: North America dominates the global aircraft nacelle and thrust reverser market with the largest market share. The presence of several major aircraft manufacturers and key providers of nacelle and thrust reverser, such as including Boeing, Bombardier, GE affiliated companies, and UTC are helping the region to gain a high market share. Demand and numbers of in-service aircraft in the region are rising continually, which, as a result, would foster the regional market growth, creating opportunities for prominent companies in the region. Moreover, high military budget in the US and Canada, assigned for the purchase of fighter jets are indirectly influencing the aircraft nacelle and thrust reverser market in these countries and hence, in the overall regional market. The European nacelle and thrust reverser market has the second lead, globally. Well-established aircraft manufacturing industry in the region, alongside, the presence of a large number of aircraft technology providers, impacts the regional market growth, positively. The resurging economy is undoubtedly acting as a key growth driver, increasing consumers’ purchasing power. The UK and Germany, backed by the presence of long-established original equipment manufacturers (OEMs) provide a strong base to the aircraft nacelle and thrust reverser market in the region. The Asia Pacific is emerging as a lucrative market for aircraft nacelle and thrust reverser. Rapid expansions in the aircraft manufacturing sector in Japan, China, and India are encouraging the OEMs to upgrade their technology platforms to develop high-performance nacelles and thrust reversers. This, as a result, is driving the regional market growth, providing a strong base for significant development. On the other hand, improving economic conditions support the market growth in the region. OEMs in the region are focusing on new product development, investing substantially and rapidly in R&D activities. The increase in P a g e |4 Copyright © 2017 Market Research Future. Aircraft Nacelle and Thrust Reverser Market Research Report – Global Forecast till 2023 new product development will drive market growth further. Furthermore, the increasing demand for nacelle and thrust reverser among both OEMs and aftermarket replacement will help the APAC region to grow at a substantial CAGR during the review period. Competitive Dashboard: Players leading the global aircraft nacelle and thrust reverser market include Collins Aerospace (US), Aircelle (France), FACC AG (Austria), GKN Aerospace (UK), Middle River Aircraft Systems (US), Leonardo SpA (Italy), Nexcelle (US), Spirit AeroSystems, Inc. (US), Sicamb SpA (Italy), and Westfield Hydraulics Inc. (US), among others. Industry Update: April 15, 2019 ---- ST Engineering (Singapore), an integrated engineering group in the aerospace, electronics, land systems, and marine sectors, announced the completion of its acquisition of GE’s nacelle manufacturing unit Middle River Aircraft Systems (MRAS). MRAS specializes in the development, production and aftermarket support of nacelles, thrust reversers, and aerostructures. MRAS is the sole supplier of specific nacelle equipment for GE engines powering the Airbus A330, Boeing 747-8, 767, Comac ARJ21, and Embraer 190. With the acquisition of MRAS, ST Engineering has dramatically boosted its network of facilities in the US to support regional and global customers. On April 14, the company had received the green light from regulators in the US for the takeover, which was first announced in September 2018. P a g e |5 Copyright © 2017 Market Research Future. Aircraft Nacelle and Thrust Reverser Market Research Report – Global Forecast till 2023 P a g e |6 Copyright © 2017 Market Research Future.
Aircraft Nacelle and Thrust Reverser Market: Information by Engine Type (Turboprop, Turbofan and Others), by Application (Civil Aviation and Military Aviation), by End-User (OEM and Aftermarket), by Component, and by Region — Global Forecast till 2023
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