Aircraft Nacelle And Thrust Reverser Global Market Report 2024

The aircraft nacelle and thrust reverser are critical components of an aircraft, serving vital functions. An aircraft nacelle acts as a protective covering for the engine, encompassing components such as a generator, low- and high-speed shafts, gearbox, brake, and control electronics. On the other hand, a thrust reverser is essential for facilitating faster landing deceleration. It is a part of the nacelle system that aids in slowing down the aircraft after touchdown, reducing brake wear for shorter landing distances.

The main materials used for aircraft nacelle and thrust reversers include aluminum alloys, titanium alloys, composites, nickel chromium, and stainless steel. Aluminum alloys offer high processability, anti-erosion properties, high specific strength, increased conductivity, and eco-friendly characteristics, contributing to the overall strength of aircraft components. Engine types associated with aircraft nacelle and thrust reversers include turbofan, turboprop, turbojet, and piston engines. These components find applications in Original Equipment Manufacturers (OEMs) as well as in Maintenance, Repair, and Operations (MRO) activities.

The aircraft nacelle and thrust reverser market research report is one of a series of new reports that provides aircraft nacelle and thrust reverser market statistics, including aircraft nacelle and thrust reverser industry global market size, aircraft nacelle and thrust reverser market regional shares, competitors with an aircraft nacelle and thrust reverser market share, detailed aircraft nacelle and thrust reverser market segments, aircraft nacelle and thrust reverser market trends and aircraft nacelle and thrust reverser market opportunities, and any further data you may need to thrive in the aircraft nacelle and thrust reverser industry. This aircraft nacelle and thrust reverser market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft nacelle and thrust reverser market size has grown rapidly in recent years. It will grow from $3.03 billion in 2023 to $3.35 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth observed in the historical period can be attributed to factors such as the increase in aircraft production, adherence to regulatory compliance, fleet modernization efforts, a rise in passenger and cargo traffic, and geopolitical factors influencing the aviation industry.

The aircraft nacelle and thrust reverser market size is expected to see strong growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The anticipated growth in the forecast period can be attributed to factors such as an increase in defense budgets, ongoing development in electric aircraft, the recovery of air travel, and a growing awareness of environmental considerations. Key trends expected in this forecast period encompass the integration of electric and hybrid propulsion systems, the adoption of digital twins and simulation technologies, the implementation of integrated systems, innovations in thrust reversers, and a focus on noise reduction in the aviation industry.

The escalation in aircraft purchases is anticipated to significantly drive the growth of the aircraft nacelle and thrust reverser market. The expanding aviation industry, driven by a rapidly growing global transportation network, economic development, job creation, increased income, and the facilitation of international trade and tourism, has led organizations to procure more aircraft. This surge in aircraft acquisition is creating heightened demand for aircraft nacelles and thrust reversers, critical components that support crucial aircraft functions. For instance, in June 2021, United Airlines, a prominent US-based airline, placed the industry's largest order for 270 narrow-body jets worth $30 billion, primarily driven by the surge in domestic travel and the demand for premium tickets. This extensive order is expected to generate around 25,000 jobs over the next few years. Furthermore, in June 2022, Air India, the Indian flag carrier, signaled its consideration of ordering 300 narrow-body jets valued at $40.5 billion, marking one of the most substantial orders in commercial aviation history. Hence, the surge in aircraft acquisitions is set to stimulate growth in the aircraft nacelle and thrust reverser market.

The growing environmental consciousness is anticipated to be a significant catalyst in the expansion of the aircraft nacelle and thrust reverser market. The aviation industry's commitment to reducing its environmental impact has led to the development of more fuel-efficient aircraft, where nacelles and thrust reversers play a crucial role. For example, in 2022, a survey conducted by the Pew Research Center revealed that nearly 69% of Americans supported the United States adopting measures to achieve carbon neutrality by 2050, a target set by President Joe Biden at the beginning of his administration. Consequently, the increasing environmental awareness is expected to steer growth in the aircraft nacelle and thrust reverser market.

Strategic partnerships have emerged as a prominent trend driving the aircraft nacelle and thrust reverser market. Key industry players are forming strategic alliances to leverage each other's expertise, resources, and technologies, thereby expanding their product portfolios and market presence. These partnerships are also focused on enhancing aftermarket capabilities and services for nacelles and thrust reversers, ultimately aiming for an improved customer experience. For instance, in April 2022, Boeing Global Services Inc., a comprehensive aviation products and solutions provider, partnered with Spirit AeroSystems Inc., an aerospace company specializing in aerostructures. This collaboration aims to integrate aftermarket resources, enhancing Maintenance, Repair, and Overhaul (MRO) services for nacelles and flight control repairs in support of the global 737 MAX fleet. Similarly, in June 2021, Spirit AeroSystems Inc. exclusively collaborated with Rolls-Royce, a UK-based aero-engine manufacturer, to develop next-generation slim-line nacelles for Rolls-Royce's latest engine, the Pearl 10X. These advanced nacelles aim to improve aircraft performance and acoustic impedance through enhanced laminar flow.

Prominent industry leaders and research institutes are actively engaged in the development of novel technological solutions, aiming to introduce innovative products and expand their business into new territories. One such advancement is the creation of a multilayer metal-ceramic nanocoating, which comprises multiple ultra-thin layers of metal and ceramic materials, each layer only a few nanometers thick. For instance, in October 2021, researchers at the Riga Technical University's Institute of Aeronautics, a Latvia-based technical university institute, unveiled the McBLADE, a multilayer metal-ceramic nanocoating developed through nanotechnology for the aviation industry. This innovation allows for the modification of aircraft frames, interior components, and engine parts to enhance overall performance, fuel efficiency, and reduce operational costs. The nanocoatings offer specialized functionalities such as electrical conductivity, electrical or thermal insulation, hydrophobicity, and light reflection, amplifying the product's effectiveness.

In April 2023, FCAH Aerospace, a US-based aerospace company, formed a partnership with Cobalt Aero Services, a US-based entity specialized in maintaining, repairing, and overhauling nacelle components and thrust (fan) reversers. This undisclosed partnership aims to expand geographic presence, make strategic investments within the organization, and enhance capabilities for customers. This collaboration is geared toward strengthening their offerings and services in the aerospace industry while strategically advancing and providing enhanced solutions to their clientele.

Major companies operating in the aircraft nacelle and thrust reverser market include Bombardier Inc., GKN Aerospace, Leonardo S.p.A., NORDAM Group Inc., Safran S.A., Collins Aerospace Corp., Spirit AeroSystems Inc., Middle River Aircraft Systems, Boeing Global Services Inc., GKN Fokker B.V., Nexcelle LLC, Daher AeroSpace Ltd., Advanced Integration Technology Inc. (AIT), Societe Nationale de Construction Aerospatiale, Stelia Aerospace North America Inc., Woodward Inc., ITT Inc., Aircelle SA, Saab Aerostructures AB, FACC AG, Lisnave - Estaleiros Navais SA, Shimadzu Corporation, Scandinavian Aircraft Systems AB, CT Engineering Group, MTU Aero Engines AG, Vallair Solutions Sàrl, Lufthansa Technik AG, Marshall Aerospace and Defence Group, Exotic Metals Forming Company LLC, Magellan Aerospace Corporation

North America was the largest region in the aircraft nacelle and thrust reverser market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft nacelle and thrust reverser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the aircraft nacelle and thrust reverser market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The aircraft nacelle and thrust reverser market consists of sales of clamshell door reverser, bucket or target thrust type reverser and cold strean reverser. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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