Global Aircraft Nacelle And Thrust Reverser Market Overview 2024: Size, Growth Rate, and Segments
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The aircraft nacelle and thrust reverser global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aircraft Nacelle And Thrust Reverser Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aircraft nacelle and thrust reverser market size has grown rapidly in recent years. It will grow from $3.03 billion in 2023 to $3.35 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rise in aircraft production, regulatory compliance, fleet modernization, rise in passenger and cargo traffic, geopolitical factors.
The aircraft nacelle and thrust reverser market size is expected to see strong growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to rise in defense budgets, electric aircraft development, air travel recovery, growing environmental awareness. Major trends in the forecast period include electric and hybrid propulsion integration, digital twins and simulation, integrated systems, thrust reverser innovation, noise reduction.
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Scope Of Aircraft Nacelle And Thrust Reverser Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aircraft Nacelle And Thrust Reverser Market Overview
Market Drivers –
The increase in the aircraft purchases is expected to contribute to the growth of the aircraft nacelle and thrust reverser market. The growth of the aviation industry due to the rapid global transportation network, economic growth, creation of jobs, rising income, and facilitation of international trade and tourism has led to the increase in the purchase of aircraft by organizations driving the demand for aircraft nacelle and thrust reversers as these are essential components supporting critical functions of aircraft that are manufactured. For instance, in June 2021, United Airlines, a US-based major airline company announced the largest order for the 270 narrow-body jets. The order worth $30 billion was the largest in the industry by a single airline company in over a decade. The company is relying on a domestic travel boom and demand for premium tickets. This will create around 25,000 jobs over the next few years. In addition, in June 2022, Air India, an Indian flag carrier said to be considering ordering 300 narrow-body jets, one of the largest orders in commercial aviation history. The order is worth $40.5 billion. Thus, the increased aircraft purchases will drive the growth of the aircraft nacelle and thrust reverser market.
Market Trends –
The strategic partnership is a key trend gaining popularity in the aircraft nacelle and thrust reverser market. Key players are entering into partnerships to create synergy by leveraging each other’s expertise, resources, and technologies as well as expanding their product and market reach. The partnerships are also focused on enhancing aftermarket capabilities and services for aircraft nacelle and thrust reversers, resulting in a better customer experience. For instance, in April 2022, Boeing Global Services Inc., a US-based company offering a comprehensive portfolio of aviation products, solutions, and services partnered with Spirit AeroSystems Inc., a US-based aerospace company manufacturing aerostructures. The partnership aims to integrate aftermarket resources, enhancing the MRO footprint in support of nacelle and flight control repairs for the global 737 MAX fleet. The deal will provide Boeing with a stronger MRO footprint for nacelle and flight control surface removals, integrating Boeing’s largest asset portfolio with Spirit AeroSystems’ hands-on repair expertise. In addition, in June 2021, Spirit AeroSystems Inc., a US-based aerospace company manufacturing aerostructures made an exclusive agreement with a UK-based aero-engine manufacturing company Rolls-Royce, to develop next-generation slim-line nacelles for Rolls-Royce’s newest engine, the Pearl 10X. The slim-line nacelles enhance laminar flow to improve aircraft performance and acoustic impedance.
The aircraft nacelle and thrust reverser market covered in this report is segmented –
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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Regional Insights –
North America was the largest region in the aircraft nacelle and thrust reverser market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft nacelle and thrust reverser market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating 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
Table of Contents
1. Executive Summary
2. Aircraft Nacelle And Thrust Reverser Market Report Structure
3. Aircraft Nacelle And Thrust Reverser Market Trends And Strategies
4. Aircraft Nacelle And Thrust Reverser Market – Macro Economic Scenario
5. Aircraft Nacelle And Thrust Reverser Market Size And Growth
…..
27. Aircraft Nacelle And Thrust Reverser Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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