Aircraft Nacelle and Thrust Reverser Market by End User (OEM and MRO), Material (Aluminum Alloys, Titanium Alloys, Composites, Nickel Chromium), Component (Fan Cowl, Engine Cowl, and Thrust Reverser), Engine Type, and Region - Global Forecast to 2023

The aircraft nacelle and thrust reverser market was valued at USD 2.07 billion in 2017 and projected to reach USD 2.86 billion by 2023, at a CAGR of 5.59% during the forecast period. The objectives of this study are to analyze the aircraft nacelle and thrust reverser market, along with the provision of statistics. It also aims to define, describe, and forecast the aircraft nacelle and thrust reverser market on the basis of component, material, engine type, end user, and region. The year 2017 has been considered the base year for this study, and 2018 to 2023 the forecast period.

The research methodology that has been used to estimate and forecast the aircraft nacelle and thrust reverser market begins with capturing data on the revenues of the key aircraft nacelle and thrust reverser players through secondary sources, such as International Air Transport Association (IATA), Department of Defense (DoD), and paid databases. Aircraft nacelle and thrust reverser offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the aircraft nacelle and thrust reverser market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives of the leading companies operating in the aircraft nacelle and thrust reverser market. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of primaries has been depicted in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

Companies such as Safran (France), UTC (US), Leonardo (Italy), Bombardier (Canada), Triumph (US), FACC (Austria), GKN (England), Nordam (US), and Spirit AeroSystems (US), among others, are the major players in the aircraft nacelle and thrust reverser ecosystem

Target Audience for this Report:

• Manufacturers of Aircraft Nacelle and Thrust Reversers
• Providers or Suppliers of Aircraft Nacelle and Thrust Reverser Parts
• Manufacturers of Sub-components
• Retailers, Distributors, and Wholesalers of Aircraft Nacelle and Thrust Reversers
• Technology Support Providers
• Manufacturers of Defense Components
• Manufacturers of Aerospace Components
• System Integrators
• Governmental Bodies

“This study on the aircraft nacelle and thrust reverser market answers several questions for stakeholders, primarily which market segments they need to focus upon during the next 2 to 5 years to prioritize their efforts and investments.”

Scope of the Report

This research report categorizes the aircraft nacelle and thrust reverser market into the following segments:

Aircraft Nacelle and Thrust Reverser Market, by End User

• OEM
• MRO

Aircraft Nacelle and Thrust Reverser Market, by Material

• Aluminum Alloys
• Titanium Alloys
• Composites
• Nickel Chromium
• Stainless Steel

Aircraft Nacelle and Thrust Reverser Market, by Component

• Engine Cowl
• Fan Cowl
• Thrust Reverser

Aircraft Nacelle and Thrust Reverser Market, by Engine Type

• Turbofan
  • Narrow Body Aircraft (NBA)
  • Wide Body Aircraft (WBA)
  • Very Large Aircraft (VLA)
  • Regional Transport Aircraft (RTA)
  • Business Jets
• Turboprop
  • Ultralight Aircraft
  • Military Transport
• Gas Turbine
  • Business Helicopter
  • Military Light Helicopter
  • Military Attack Helicopter
  • Military Transport Helicopter

Aircraft Nacelle and Thrust Reverser Market, by Region

• North America
• Europe
• Asia Pacific
• Rest of the World

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report on the aircraft nacelle and thrust reverser market:

Regional Analysis

• Further breakdown of the Rest of the World aircraft nacelle and thrust reverser market

Company Information

• Detailed analysis and profiles of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Market Definition
    1.2 Study Scope
           1.2.1 Markets Covered
           1.2.2 Regional Scope
           1.2.3 Years Considered for the Study
    1.3 Currency & Pricing
    1.4 Study Limitations
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Aircraft Nacelle and Thrust Reverser Market
    4.2 Aircraft Nacelle and Thrust Reverser Market, By Region
    4.3 Aircraft Nacelle and Thrust Reverser Market, By End User
    4.4 Aircraft Nacelle and Thrust Reverser Market, By Material

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Decline in the Cost of Composite Materials
                    5.2.1.2 Increased Number of Aircraft Orders
                    5.2.1.3 Increased Demand for Fuel-Efficient and Noise-Reducing Nacelles
           5.2.2 Restraints
                    5.2.2.1 Difficulty in Repairing Or Remolding Aircraft Nacelles and Thrust Reversers Made From Composite Materials
           5.2.3 Opportunities
                    5.2.3.1 Emergence of New Aircraft Manufacturers in the Asia Pacific Region
                    5.2.3.2 Increased Demand for Lightweight Aircraft Nacelles and Thrust Reversers
           5.2.4 Challenges
                    5.2.4.1 High R&D Costs Involved in the Development of New Technologies for Aircraft Nacelles and Thrust Reversers
                    5.2.4.2 Stringent Implementation of Various Regulatory Norms to Ensure Safe Aircraft Operations

6 Industry Trends (Page No. - 39)
    6.1 Introduction
    6.2 Emerging Trends
           6.2.1 Additive Manufacturing (3D Printing) for Engine & Nacelle Components
           6.2.2 Low-Drag Nacelle for Future Aircraft
           6.2.3 Nacelle Electric Ice Protection Systems
           6.2.4 Robotics for Error Free Production
           6.2.5 Innovations & Patent Registrations

7 Aircraft Nacelle and Thrust Reverser Market, By End User (Page No. - 42)
    7.1 Introduction
           7.1.1 Original Equipment Manufacturer (OEM)
           7.1.2 Maintenance Repair Overhaul (MRO)

8 Aircraft Nacelle and Thrust Reverser Market, By Material (Page No. - 45)
    8.1 Introduction
    8.2 Composites
    8.3 Titanium Alloys
    8.4 Nickel Chromium
    8.5 Stainless Steel
    8.6 Aluminum Alloys

9 Aircraft Nacelle and Thrust Reverser Market, By Component (Page No. - 49)
    9.1 Introduction
    9.2 Thrust Reverser
    9.3 Aircraft Nacelle
           9.3.1 Engine Cowl
           9.3.2 Fan Cowl

10 Aircraft Nacelle and Thrust Reverser Market, By Engine Type (Page No. - 53)
     10.1 Introduction
             10.1.1 Turbofan
                        10.1.1.1 Narrow Body Aircraft
                        10.1.1.2 Widebody Aircraft
                        10.1.1.3 Very Large Aircraft
                        10.1.1.4 Regional Transport Aircraft
                        10.1.1.5 Business Jets
             10.1.2 Turboprop
                        10.1.2.1 Military Transport Aircraft
                        10.1.2.2 Ultralight Aircraft
             10.1.3 Gas Turbine
                        10.1.3.1 Business Helicopter
                        10.1.3.2 Military Transport Helicopter
                        10.1.3.3 Military Attack Helicopter
                        10.1.3.4 Military Light Helicopter

11 Regional Analysis (Page No. - 60)
     11.1 Introduction
             11.1.1 By Component
             11.1.2 By Material
             11.1.3 By End User
             11.1.4 By Region
     11.2 North America
             11.2.1 By Component
             11.2.2 By Material
             11.2.3 By End User
             11.2.4 By Country
                        11.2.4.1 US
                        11.2.4.2 Canada
     11.3 Europe
             11.3.1 By Component
             11.3.2 By Material
             11.3.3 By End User
             11.3.4 By Country
                        11.3.4.1 UK
                        11.3.4.2 Germany
                        11.3.4.3 France
                        11.3.4.4 Italy
                        11.3.4.5 Russia
                        11.3.4.6 Switzerland
                        11.3.4.7 Austria
                        11.3.4.8 Rest of Europe
     11.4 Asia Pacific
             11.4.1 By Component
             11.4.2 By Material
             11.4.3 By End User
             11.4.4 By Country
                        11.4.4.1 China
                        11.4.4.2 India
                        11.4.4.3 Japan
                        11.4.4.4 Rest of Asia Pacific
     11.5 Rest of the World
             11.5.1 By Component
             11.5.2 By Material
             11.5.3 By End User
             11.5.4 RoW By Region
                        11.5.4.1 Latin America
                        11.5.4.2 Middle East
                        11.5.4.3 Africa

12 Competitive Landscape (Page No. - 103)
     12.1 Introduction
     12.2 Rank Analysis
     12.3 Competitive Situations and Trends
             12.3.1 Contracts
             12.3.2 Agreements

13 Company Profiles (Page No. - 106)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Safran
     13.2 United Technologies Corporation
     13.3 Leonardo S.P.A.
     13.4 Bombardier
     13.5 Triumph Group
     13.6 FACC
     13.7 GKN
     13.8 Nordam
     13.9 Spirit Aerosystems Inc.
     13.10 Woodward, Inc.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 125)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details

List of Tables (82 Tables)

Table 1 Innovations & Patent Registrations, 2010–2015
Table 2 Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016-2023 (USD Million)
Table 3 Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016-2023 (USD Million)
Table 4 Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016-2023 (USD Million)
Table 5 Aircraft Nacelle and Thrust Reverser Market Size, By Nacelle, 2016-2023 (USD Million)
Table 6 Aircraft Nacelle and Thrust Reverser Market Size, By Engine Type, 2016-2023 (USD Million)
Table 7 Turbofan Market Size, By Aircraft Type, 2016-2023 (USD Million)
Table 8 Turboprop Market Size, By Aircraft Type, 2016-2023 (USD Million)
Table 9 Gas Turbine Market Size, By Aircraft Type, 2016-2023 (USD Million)
Table 10 Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 11 Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 12 Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 13 Aircraft Nacelle and Thrust Reverser Market Size, By Region, 2016-2023 (USD Million)
Table 14 North America Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 15 North America Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 16 North America Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 17 North America Aircraft Nacelle and Thrust Reverser Market Size, By Country, 2016-2023 (USD Million)
Table 18 US Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 19 US Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 20 US Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 21 Canada Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 22 Canada Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 23 Canada Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 24 Europe Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 25 Europe Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 26 Europe Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 27 Europe Aircraft Nacelle and Thrust Reverser Market Size, By Country, 2016-2023 (USD Million)
Table 28 UK Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 29 UK Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 30 UK Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 31 Germany Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 32 Germany Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 33 Germany Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 34 France Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 35 France Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 36 France Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 37 Italy Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 38 Italy Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 39 Italy Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 40 Russia Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 41 Russia Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 42 Russia Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 43 Switzerland Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 44 Switzerland Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 45 Switzerland Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 46 Austria Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 47 Austria Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 48 Austria Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 49 Rest of Europe Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 50 Rest of Europe Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 51 Rest of Europe Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 52 Asia Pacific Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 53 Asia Pacific Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 54 Asia Pacific Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 55 Asia Pacific Aircraft Nacelle and Thrust Reverser Market Size, By Country, 2016-2023 (USD Million)
Table 56 China Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 57 China Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 58 China Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 59 India Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 60 India Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 61 India Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 62 Japan Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 63 Japan Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 64 Japan Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 65 Rest of Asia Pacific Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 66 Rest of Asia Pacific Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 67 Rest of Asia Pacific Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 68 RoW Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 69 RoW Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 70 RoW Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 71 RoW Aircraft Nacelle and Thrust Reverser Market Size, By Region, 2016-2023 (USD Million)
Table 72 Latin America Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 73 Latin America Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 74 Latin America Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 75 Middle East Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 76 Middle East Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 77 Middle East Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 78 Africa Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2016–2023 (USD Million)
Table 79 Africa Aircraft Nacelle and Thrust Reverser Market Size, By Material, 2016–2023 (USD Million)
Table 80 Africa Aircraft Nacelle and Thrust Reverser Market Size, By End User, 2016–2023 (USD Million)
Table 81 Contracts, January 2015–July 2018
Table 82 Agreements, January 2015–July 2018

List of Figures (39 Figures)

Figure 1 Aircraft Nacelle and Thrust Reverser Market: Research Flow
Figure 2 Aircraft Nacelle and Thrust Reverser Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Based on Component, Thrust Reverser Segment Projected to Lead the Aircraft Nacelle and Thrust Reverser Market During the Forecast Period
Figure 8 Based on End User, OEM Segment Projected to Lead the Aircraft Nacelle and Thrust Reverser Market During the Forecast Period
Figure 9 Based on Material, Aluminum Alloys Segment Projected to Lead the Aircraft Nacelle and Thrust Reverser Market During the Forecast Period
Figure 10 Increasing Demand for Aircraft Nacelles and Thrust Reversers in Emerging Economies is Expected to Drive Market Growth
Figure 11 Aircraft Nacelle and Thrust Reverser Market in Asia Pacific Projected to Grow at the Highest CAGR During the Forecast Period
Figure 12 OEM Segment Estimated to Account for A Larger Share as Compared to the MRO Segment in 2018
Figure 13 Aluminum Alloys Segment Estimated to Account for the Largest Share of the Aircraft Nacelle and Thrust Reverser Market in 2018
Figure 14 Drivers, Restraints, Opportunities, and Challenges for the Aircraft Nacelle and Thrust Reverser Market
Figure 15 Projected Decline in the Cost of Composite Materials From 2012 to 2020
Figure 16 Cost of Different Composite Materials Used in Aircraft Nacelles
Figure 17 Expected Aircraft Orders, By Region, 2016-2035
Figure 18 Aircraft Nacelles and Thrust Reversers - Evolution in Use of Material
Figure 19 Aircraft Nacelle and Thrust Reverser Market, By End User, 2018 & 2023 (USD Million)
Figure 20 Aluminium Alloys Projected to Account for Largest Share of Aircraft Nacelle and Thrust Reverser Market During Forecast Period
Figure 21 Aircraft Nacelle and Thrust Reverser Market Size, By Component, 2018 & 2023 (USD Million)
Figure 22 Aircraft Nacelle and Thrust Reverser Market Size, By Engine Type, 2018 & 2023 (USD Million)
Figure 23 Turbofan Market Size, By Aircraft Type, 2018 & 2023 (USD Million)
Figure 24 Turboprop Market Size, By Aircraft Type, 2018 & 2023 (USD Million)
Figure 25 Gas Turbine Market Size, By Aircraft Type, 2018 & 2023 (USD Million)
Figure 26 Aircraft Nacelle and Thrust Reverser Market in Asia Pacific Projected to Grow at Highest CAGR During Forecast Period
Figure 27 North America Aircraft Nacelle and Thrust Reverser Market Snapshot
Figure 28 Europe Aircraft Nacelle and Thrust Reverser Market Snapshot
Figure 29 Asia Pacific Aircraft Nacelle and Thrust Reverser Market Snapshot
Figure 30 Companies Adopted Contracts as Key Growth Strategy Between January 2015 and July 2018
Figure 31 Revenue and Product-Based Rank Analysis of Top Players in the Aircraft Nacelle and Thrust Reverser Market
Figure 32 Safran: Company Snapshot
Figure 33 United Technologies Corporation: Company Snapshot
Figure 34 Leonardo S.P.A.: Company Snapshot
Figure 35 Bombardier: Company Snapshot
Figure 36 Triumph Group: Company Snapshot
Figure 37 FACC: Company Snapshot
Figure 38 Spirit Aerosystems Inc.: Company Snapshot
Figure 39 Woodward, Inc.: Company Snapshot

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. The factor that is expected to act as a major driver is the increasing use of low-drag and lightweight nacelles. Aircraft nacelles are one of the significant contributors to high aircraft weight and drag.  The new low-drag lightweight nacelles contribute to increasing fuel efficiency of aircraft, and thus demand for such nacelle and thrust reversers is increasing. The aircraft nacelle and thrust reverser market has been segmented based on component, material, engine type, end user, and region.

Based on end user, the OEM segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft nacelle and thrust reverser technology installed in aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of aircraft nacelle and thrust reverser components. This is a suitable alternative for airline companies, as post the delivery of aircraft, aftermarket modification becomes cumbersome for aircraft manufacturers.

Based on material, the aluminum alloys segment is expected to lead the aircraft nacelle and thrust reverser market during the forecast period. Metals, such as steel, aluminum, and titanium and its alloys, are preferred for the manufacture of aircraft nacelles on account of their strength and high temperature enduring capacity. For instance, in Airbus A380, composites are used on the leading edges and in the fuselage frame for structural clips and engine nacelles, but aluminum remains the dominant material in terms of total share of materials in an aircraft on account its corrosion resistance and ductility. Thus, due to increasing demand in new aircraft deliveries globally, the aluminum alloys segment is projected to lead the aircraft nacelle and thrust reverser market during the forecast period.

Based on component, the thrust reverser segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. Thrust reversers are the most complex and heaviest part of any aircraft nacelle and contribute significantly to the cost of the total aircraft nacelle. Hence, due to increasing demand in new aircraft deliveries globally, the thrust reverser segment is projected to lead the aircraft nacelle and thrust reverser market during the forecast period.

Based on engine type, the turbofan segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, almost all the aircraft used in commercial and regional travel work on the principle of turbofan based aircraft propulsion due to which the rise in demand for commercial and regional airliners is leading to the increasing demand for turbofan based engine nacelles. Based on engine type, the turboprop segment is expected to grow at the highest CAGR on account of increasing deliveries of propeller based aircraft, due to increasing regional inter-country passenger traffic.

North America is expected to be a leading aircraft nacelle and thrust reverser market during the forecast period due to the high demand for new aircraft and replacement of aging fleets. The Asia Pacific region is expected to be the fastest-growing region due to increase in modernization programs in the Asia Pacific aviation industry, which is expected to lead to the high adoption of advanced aircraft nacelles. These factors are anticipated to further propel the demand for aircraft nacelle and thrust reversers in the APAC region.

Significant investments required for the development of different types of aircraft nacelle and thrust reversers is a major factor restraining the growth of the aircraft nacelle and thrust reverser market across the globe.

Major players in the aircraft nacelle and thrust reverser market are Safran (France) and UTC (US), among others. Products offered by various companies operating in the aircraft nacelle and thrust reverser market have been listed in the report. The recent developments section of the report provides information on the strategies adopted by various companies to strengthen their positions in the aircraft nacelle and thrust reverser market between November 2011 and October 2018.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst