Aircraft Nacelle and Thrust Reverser Market Skyrockets with $5.2 Billion Forecast for 2029
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Is The Forecasted Market Size And Growth Forecast For Global Aircraft Nacelle And Thrust Reverser Market?
The aircraft nacelle and thrust reverser market size has seen remarkable growth recently, surging from $3.29 billion in 2024 to $3.63 billion in 2025 with a compound annual growth rate (CAGR) of 10.4%. A rise in aircraft production, regulatory compliance, fleet modernization, growth in passenger and cargo traffic, and geopolitical factors are the main drivers for this growth.
Looking forward, the aircraft nacelle and thrust reverser market is expected to achieve robust growth, reaching $5.2 billion by 2029 at a CAGR of 9.4%. This growth can largely be attributed to increases in defense budgets, the development of electric aircraft, the recovery of air travel and growing environmental awareness. Notable trends for the forecast period include the integration of electric and hybrid propulsion, digital twins and simulation, integrated systems, thrust reverser innovation, and noise reduction.
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What Are The Key Drivers of The Aircraft Nacelle And Thrust Reverser Market Growth?
The aircraft nacelle and thrust reverser market growth is driven by an increase in aircraft purchases. The aviation industry’s expansion due to the rapid global transportation network, economic growth, creation of jobs, rising income, and facilitation of international trade and tourism has led to a surge in aircraft purchases by organizations. This has inevitably led to increased demand for aircraft nacelle and thrust reversers, integral components supporting critical functions of any aircraft. A prime example of this trend is the reported consideration by Air India, India’s flagship carrier, to order 300 narrow-body jets – one of the largest orders in commercial aviation history and worth an estimated $40.5 billion.
What Are The Major Segments In The Aircraft Nacelle And Thrust Reverser Market?
1) By Type: Aluminum Alloys, Titanium Alloys, Composites, Nickel Chromium, Stainless Steel
2) By Engine Type: Turbofan, Turboprop, Turbojet, Piston
3) By Application: OEMs, Maintenance And Repairs And Operations (MRO)
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Who Are The Major Players Transcending The Aircraft Nacelle And Thrust Reverser Market?
Major players in the aircraft nacelle and thrust reverser market include Bombardier Inc., GKN Aerospace, Leonardo S.p.A., NORDAM Group Inc., Safran S.A., Collins Aerospace Corp., Spirit AeroSystems Inc., Middle River Aircraft Systems, Boeing Global Services Inc., GKN Fokker B.V., Nexcelle LLC, Daher AeroSpace Ltd., Advanced Integration Technology Inc. (AIT), Societe Nationale de Construction Aerospatiale, Stelia Aerospace North America Inc., Woodward Inc., ITT Inc., Aircelle SA, Saab Aerostructures AB, FACC AG, Lisnave – Estaleiros Navais SA, Shimadzu Corporation, Scandinavian Aircraft Systems AB, CT Engineering Group, MTU Aero Engines AG, Vallair Solutions Sàrl, Lufthansa Technik AG, Marshall Aerospace and Defence Group, Exotic Metals Forming Company LLC, Magellan Aerospace Corporation.
What Are The Emerging Trends In The Aircraft Nacelle And Thrust Reverser Market?
Strategic partnerships are a key trend gaining popularity in the aircraft nacelle and thrust reverser market. Key players are forming partnerships to synergize resources, leverage each other’s expertise, and expand their product and market reach. These partnerships also aim at enhancing aftermarket capabilities and services for aircraft nacelle and thrust reversers, thereby enriching customer experience. An example of this is the April 2022 partnership between Boeing Global Services Inc., and Spirit AeroSystems Inc., aiming to enhance the MRO footprint for nacelle and flight control repairs for the global 737 MAX fleet.
Which Region Is Projected To Grow The Fastest In The Aircraft Nacelle And Thrust Reverser Market?
North America held the lion’s share in the aircraft nacelle and thrust reverser market in 2024 and is set to be the fastest-growing region in the forecast period as well. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Aircraft Nacelle And Thrust Reverser Market Report 2025 Offer?
The Aircraft Nacelle And Thrust Reverser Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. The aircraft nacelle and thrust reverser refer to the parts of an aircraft used for vital operations. An aircraft nacelle is a covering of an engine including a generator, low- and high-speed shafts, gearbox, brake, and control electronics. A thrust reverser is a vital component of many aircraft that enables faster landing deceleration and is a part of the nacelle system that assists the aircraft in slowing down after touchdown by operating against the aircraft’s forward motion helping in reducing brake wear for shorter landing distances.
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