Aircraft Nacelle and Thrust Reverser Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Aircraft nacelle is a vital complement to the engine, with which it creates the aircraft's propulsion system and thrust reverser divert the aircraft engine's thrust on a temporary basis to make it directed forward, instead of in the backward direction. Nacelle is an external aerodynamic structure that houses the aircraft engine. It is connected to the wing or the body of an aircraft through pylon/strut. The aircraft nacelle comprises inlet cowl and fan cowl. Thrust reverser is an equipment that provides deceleration by temporarily diverting the aircraft engine's thrust and thereby enables shorter landing distances and reduces wear on brakes & tires. Engine cowling, inlet cowl, fan cowl, thrust reverser, core cowl and exhaust system all together forms the aircraft nacelle system.

MARKET SCOPE

The "Global Aircraft nacelle and thrust reverser Market Analysis to 2031" is a specialized and in-depth study of the Aircraft nacelle and thrust reverser industry with a focus on the global market trend. The report aims to provide an overview of global Aircraft nacelle and thrust reverser market with detailed market segmentation on the basis of material type, component, type of engine, fit type, and geography. The global Aircraft nacelle and thrust reverser market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of material type, the market is segmented as stainless steel, composites, nickel chromium, and alloy.
  
•   On the basis of component, the market is segmented as aircraft nacelle, and thrust reverser.
  
•   Based on type of engine, the market is segmnted as tuboprop, turbofan, turbojet, and piston.
  
•   Based on fit type, the market is segmented into line fit, and retrofit.
  

MARKET DYNAMICS

Drivers:

•   The growing demand for advanced and better fuel-efficient nacelles in the aviation industry.
  
•   The increase in programs of rise in the demand for lightweight aircraft nacelles and thrust reversers.
  

Restraints:

•   The strict execution and follow of regulatory standards established for the implementation of aircraft operations is mandatory.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), South America. The Aircraft Nacelle and Thrust Reversers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the Aircraft Nacelle and Thrust Reversers market.

IMPACT OF COVID-19 ON AIRCRAFT NACELLE AND THRUST REVERSERS MARKET

Multiple issues have arisen as a result of the COVID-19 outbreak for the aerospace industry. Although the industry was not badly impacted, it still faced numerous economic challenges following the COVID-19 epidemic. Since the beginning of the outbreak, the aerospace industry has been hit globally. In comparison to all other sectors of the economy, air travel is seen to be the most sensitive to external variables such as oil crises, natural disasters, armed conflicts, terrorist attacks, economic recessions, and disease outbreaks. Although production factories have already been shut down as a result of the lockdown, the virus's propagation is predicted to wreak havoc on the market in 2021. Many developing economies are on the verge of entering the recession period, which has resulted in complete degradation of demand. Such a drop in demand had a direct negative impact on the market for aircraft nacelle and thrust reversers in 2021. However, from 2021 onwards demand may rise extensively in the global aircraft nacelle and thrust reversers market in the upcoming quarter as the industry's production has started to get momentum after the tough phase of COVID-19. According to Airbus Group, the number of air passengers is expected to expand at a rate of 4.5% per year by 2035, demanding the acquisition of 33,000 new commercial aircraft. Further, according to Boeing, around 25% of all air travel worldwide occurred within Asia. This value is forecast to change to 35% in the next two decades and to occupy the largest share of intra-regional air travel globally. The Asia-Pacific region is predicted to get 17,390 deliveries of new airplanes in the next two decades (2021

 2040), which may increase the total number of airplane fleets to 19,420. This would result in a significant increase in demand for aircraft nacelle and thrust reversers around the world during the forecasted period (2021-2031).

MARKET PLAYERS

The report covers key developments in the Aircraft Nacelle and Thrust Reversers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Nacelle and Thrust Reversers market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Nacelle and Thrust Reversers in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Nacelle and Thrust Reversers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   The NORDAM Group LLC
  
•   Spirit AeroSystems
  
•   Triumph Group, Inc.
  
•   Woodward, Inc
  
•   Leonardo S.p.A.
  
•   GKN Ltd
  
•   Raytheon Technologies
  
•   China Aviation Industry Corporation
  
•   Safran S.A.
  
•   Bombardier Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Aircraft Nacelle and Thrust Reverser Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Material Type Stainless Steel Composites Nickel Chromium Alloy By Component Aircraft Nacelle Thrust Reverser By Type of Engine Turboprop Turbofan Turbojet Piston By Fit Type Line Fit Retrofit
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	The NORDAM Group LLC Spirit AeroSystems Triumph Group, Inc. Woodward, Inc Leonardo S.p.A. GKN Ltd Raytheon Technologies China Aviation Industry Corporation Safran S.A.