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3. Magellan Aerospace (Canada) and GKN (UK)) are leading players in the Aircraft Exhaust System Market

An aircraft exhaust system acts as a guideway for exhaust gases from aircraft engines and performs the task of sound suppression during the normal working of an aircraft engine. These structures are situated at the rear end of aircraft engines and provide an aerodynamic shape to aircraft engines, which helps reduce drag. The aircraft exhaust system market is projected to grow from an estimated USD 679.0 million in 2018 to USD 987.4 million by 2023, at a CAGR of 7.78% from 2018 to 2023. The North America aircraft exhaust system market is growing at a significant pace due to factors such as a rapid rise in the number of aircraft orders. The growth of the Asia Pacific Aircraft exhaust system market can be attributed to the rise in disposable incomes and increase in air travel.

Magellan Aerospace (Canada) and GKN (UK)) are some of the key players in the aircraft exhaust system market. These players have been focusing on securing contracts to ensure organic growth in the aircraft exhaust system market. The core competencies of these market players include their widespread geographical presence and increasing investments in R&D activities.

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Magellan develops and designs aircraft exhaust systems for commercial and military applications, including all nacelle exhaust systems. The company is establishing its brand identity through the reliability and efficiency of products and advancements in product design. For instance, in 2017, Magellan Aerospace received a 10-year contract worth USD 200 million from Airbus to develop and manufacture exhaust systems for the A320neo PW1100G-JM nacelle.

GKN focuses on contracts through extensive R&D activities and has a wide aircraft exhaust systems portfolio. The company’s next-generation innovation and strategic investments, coupled with its strong product portfolio, are expected to lead to robust international growth in future. Its strong R&D capabilities have resulted in engineering successes in each of its key business sectors. A significant component of its strategy is to focus on program execution by improving the quality and predictability of the delivery of its products and services. In June 2018, GKN Aerospace signed a 10-year agreement with Rolls-Royce to manufacture inner core fairings for 84,000lb-thrust Trent XWB engines powering large commercial aircraft and business jets.

Related Reports:

Aircraft Exhaust System Market by End User (OEM, MRO), System (Engine Exhaust System, APU Exhaust System), Component (Exhaust Cone, Exhaust Pipe, Exhaust Nozzle, APU Exhaust Liner), Aviation Type, and Region - Global Forecast to 2023

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