Press release
Spirit AeroSystems, Safran S.A., Profiled in Aircraft Thrust Reverser Market By Product 2024 | Top Companies are Nordam, Triumph Group, UTC Aerospace Systems, GKN Aerospace
Aircraft Thrust Reverser Market, Global Aircraft Thrust Reverser Market Size, Aircraft Thrust Reverser Industry
Europe aircraft thrust reverser market led by Germany, France and UK will witness growth during the study timeframe. In 2015, aerospace industry export from France, Germany and UK together accounted over USD 115 billion. Stringent airplane safety regulation in Europe will fuel the product demand in the region. Mandatory installation of the product in widebody, narrow body and regional airplane will boost the regional demand.
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North America led by the U.S. dominates the aircraft thrust reverser market accounting over 55% of industry share. In 2015, the U.S. airplane and spacecraft exports accounted over USD 130 billion owing to demand from emerging countries and high backlog. Presence of industry participants in the region along with demand for commercial airplane will fuel the regional growth.
Thrust reverser deployment during landing and aborted takeoff offering superior safety and reduced landing distance will fuel the industry growth. Installation of aircraft thrust reverser offers additional stopping force on slippery and wet runways. Proliferating demand of commercial planes will support the aircraft thrust reverser market growth. The growth can be attributed to rising air passengers particularly from emerging countries owing to affordable price and increasing infrastructure development in the region. Aircraft Thrust Reverser Market is estimated to surpass USD 2.2 billion by 2024; according to a new research report.
Increasing global GDP is among prime factor driving the air traffic growth. Shifting trend towards liberalization, development of new service-based business model and growth in tourism are the prime factors fueling the air plane demand. Improving the operational safety of the airplane are the key focus of the manufacturers and airliners. Reduced landing distance along with regular safety checks of the plane will positively influence the product penetration.
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 with advanced airplanes are the key factors driving the product growth.
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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.
Asia Pacific aircraft thrust reverser market will witness strong growth owing to rising passenger traffic, demand for single aisle, regional and widebody airplane. Rising population along with considerable reduced fares are the key factors driving the business growth. Developing GDP, rising air travel demand, aircraft affordability, stable financial performance and industry consolidation are key factors supporting industry growth.
Nordam, Triumph Group, Spirit AeroSystems, Safran S.A., UTC Aerospace Systems and GKN Aerospace are among few notable players of aircraft thrust reverser market. Manufacturers are developing products offering rigidity along with light weight sufficing the aviation standards. Risk sharing with the airplane manufacturers are key trends offering competitive edge in the industry.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aircraft Thrust Reverser Industry Insights
Chapter 4. Aircraft Thrust Reverser Market, By Product
Chapter 5. Aircraft Thrust Reverser Market, By Aircraft
Chapter 6. Aircraft Thrust Reverser Market, By Manufacturing Process
Chapter 7. Aircraft Thrust Reverser Market, By Mechanism
Chapter 8. Aircraft Thrust Reverser Market, By Region
Chapter 9. Aircraft Thrust Reverser Market Company Profiles
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