Unsaturated Polyester Resins Market

Safran (France) and UTC (US) are leading players in the Aircraft Nacelle and Thrust Reverser Market

The aircraft nacelle and thrust reverser acts as a housing for aircraft engines and also performs the task of thrust reversal at the time of landing aircraft. These structures are covers for aircraft engines and provide an aerodynamic shape to aircraft engines which helps reduce drag. 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 North America aircraft nacelle and thrust reverser market is growing at a significant pace due to factors, such as rapid rise in the number of aircraft orders. The growth of the Asia Pacific aircraft nacelle and thrust reverser market can be attributed to the rise in disposable incomes and increase in air travel.

Safran (France) and UTC (US) are the key players in the aircraft nacelle and thrust reverser market. These players have been focusing on securing contracts to ensure organic growth in the aircraft nacelle and thrust reverser market. The core competencies of these market players include their widespread geographical presence and increasing investments in R&D activities.

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UTC (US) is one of the leading companies that develops and designs aircraft nacelle and thrust reversers for commercial and military applications, including fan cowl, inlet cowl, and thrust reverser. The company is establishing its brand identity through the reliability and efficiency of products and advancements in product design. For instance, in 2018, UTC Aerospace Systems, a subsidiary of United Technologies Corporation, received a contract from Dassault Aviation to provide an advanced nacelle system for the new Falcon 6X.

Safran (France) is a major player in the aircraft nacelle and thrust reverser market. The company focuses on contracts through extensive R&D activities and has a wide aircraft nacelle and thrust reverser product portfolio. The company’s next-generation innovation and strategic investments, coupled with their 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. Thus, in June 2017, Safran signed a contract with the Satair Group to provide lifetime supply chain service & maintenance for engine nacelle components.

Related Reports:

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

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Report Code
CH 1348
RI Published ON
8/30/2012
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