Press release
Global Aircraft Thrust Reverser Market 2024 By Top Players: UTC Aerospace Systems, Triumph Group, Nordam Group, GKN Aerospace, Bombardier, FACC Cooperation, Leonardo, Safran, Spirit Aerosystems
Aircraft Thrust Reverser Market
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Cascade accounts for major volume share and will witness strong growth during the forecast timeframe. The growth can be attributed to increasing implementation of the product in advanced aircrafts. Bucket will witness growth over 4% up to 2024. Increasing trend for MRO along with growing trends of replacing conventional fleet size with advanced airplanes are the key factors driving the product growth.
Aircraft thrust reverser market demand from large widebody aircraft generated over USD 40 million in 2016. The revenue contribution can be credited to growing demand for airplane particularly from developed region. Aircraft thrust reverser market from single aisle air body will witness strong growth over 4.5% up to 2024. Strong demand of the commercial particularly from emerging countries owing to increasing investment in airliner will drive the business growth.
Hydraulics dominates the aircraft thrust reverser market in 2016. The preference can be contributed to easy installation and operation of the mechanism. Electric aircraft thrust reverser market will witness robust growth over 5.5% up to 2024. Increasing installation of the electric thrust reverser in advanced airplane will fuel the industry demand. This eliminates usage of corrosive fluids in the system and offers reduced weight. Manufacturers are focusing on developing electric thrust reverser for conventional airplane.
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In 2016, North America aircraft thrust reverser market led by the U.S. contributed over 55% of the business share. The dominance can be credited to notable deliveries from the manufactures coupled with superior demand for single aisle airplanes in the region. The U.S. exports for airplanes and spacecraft accounted over USD 130 billion in 2015.
Europe led by France, UK and Germany will witness significant growth in the exports over the forecast timeframe. Germany, UK and France collectively contributed around USD 115 billion in 2015. Stringent airline safety regulations in the region will positively drive the product penetration. Obligatory implementation, narrow and widebody airplane will support the aircraft thrust reverser market share.
Asia Pacific led by Japan, India and China will witness robust growth up to 2024. This can be attributed to high demand for single aisle & widebody, proliferating passenger traffic, and regional deliveries. Growing population coupled with affordable air tariffs are the prime factors supporting the industry growth. Developing GDP, affordability, industry consolidation and stable economic performance will positively drive the aircraft thrust reverser market from 2017 to 2024.
Aircraft Thrust Reverser Market by Product
• Cascade
• Pivot door
• Bucket
Aircraft Thrust Reverser Market by Aircraft
• Large Widebody
• Medium Widebody
• Small Widebody
• Single Aisle
• Regional Jets
Aircraft Thrust Reverser Market by Manufacturing Process
• Hand Layup
• ATL/AFP
• Resin Infusion
• Others
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The key players operating in the Aircraft Thrust Reverser Market are Bombardier, Composites Technology Research Malaysia Sdn. Bhd., FACC Cooperation, GKN Aerospace, Leonardo S.p.A, Safran S.A., Spirit Aerosystems, Inc., The Nordam Group, Inc., Triumph Group, Inc., UTC Aerospace Systems.
Market share calculation in this report is not done based on companies covered in it. The calculation of Aircraft Thrust Reverser Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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