(MENAFNEditorial) iCrowdNewswire - Sep 15, 2018
The aircraft nacelle and thrust reverser market is projected to grow at a CAGR of 5.59%
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. Increasing number of aircraft deliveries due to increasing air passenger traffic, especially in emerging economies is the key factor driving the growth of the aircraft nacelle and thrust reverser market. The major restraint impacting the market is the backlog in existing aircraft deliveries.
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Based on material, the aluminum alloy segment is estimated to be the largest in 2018
Based on material, the aluminum alloy segment is estimated to be the largest in 2018. Aluminum remains the dominant material in terms of the total share of materials used for the manufacture of aircraft on account its corrosion resistance and ductility. Thus, due to the increasing demand for new aircraft deliveries globally, the aluminum alloys segment is projected to lead the aircraft nacelle and thrust reverser market during the forecast period.
The Asia Pacific region is projected to grow at the highest CAGR in the aircraft nacelle and thrust reverser market during the forecast period
The Asia Pacific is projected to grow at the highest CAGR in the aircraft nacelle and thrust reverser market during the forecast period, owing to the high demand for aircraft in the region. Commercial airlines in the region are procuring aircraft in large numbers in order to meet the surging demand for air travel within and outside the region. Moreover, major powers, such as China, India, Japan, and South Korea are investing substantially in procuring commercial airliners and hence increasing the demand for aircraft nacelle and thrust reversers in the region.
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The breakup of the profiles of the primary participants in this report on the aircraft nacelle and thrust reverser market has been given below:
- By Company Type: Tier 1 35%, Tier 2 45%, and Tier 3 20%
- By Designation: C Level 35%, Director Level 25%, and Others 40%
- By Region: North America 30%, Europe 20%, Asia Pacific 30%, Middle East- 10%, and RoW 10%
The major players profiled in this report on the aircraft nacelle and thrust reverser market are Safran (France), UTC (US), Leonardo (Italy), Bombardier (Canada), Triumph (US), FACC (Austria), GKN (England), Nordam (US), and Spirit AeroSystems (US), among others.
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Global Engine Nacelle Market Analysis 2012-2017 and Forecast 2018-2023
A nacelle system is the aerodynamic structure that surrounds a jet engine. It includes the structure commonly referred to as engine cowling, and also encompasses other components such as the inlet cowl, fan cowl, thrust reverser, core cowl and exhaust system.
The global Engine Nacelle market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Engine Nacelle by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Rear mounted nacelle Pylons under wing Clipped at wing Others
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products etc.): Safran UTC (Goodrich) Alenia Aermacchi MRAS Bombardier Nexcelle Boeing GKN Triumph
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