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YC shift: With advancements in technology and the requirement of operational safety, manufacturers are developing advanced thrust reverser actuation systems with reduced maintenance costs. Further, due to the development and procurement of new generation aircraft and engines, the market is expected to continue to be attractive. North America has the largest share ~60% for thrust reverser, whereas Asia Pacific is expected to grow at the highest CAGR of 8-10%, owing to an increase in the manufacturing of new aircraft by Honda Jet, Comac, and Mitsubishi Aircraft.

Unknown: The use of a flexible shaft in an aircraft seat for lumbar support is expected to rise in the future. Lumbar support could be an emerging market thereby fueling the growth of flexible shafts in terms of volume. Leggett & Platt is one of the major players trying to expand this application in the automotive industry.

RI created: MnM helped the client in identifying new potential opportunities in various segments such as Aerospace (~$350 Million opportunities by 2023), which could fetch $40-50 Mn for the client over the next 3-5 years.

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