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Aircraft Thrust Reverser Market Growth Potential Analysis & Mechanism with Companies - UTC Aerospace Systems, Spirit AeroSystems, Safran, GKN Aerospace, Bombardier
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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Bombardier
2. Composites Technology Research Malaysia Sdn. Bhd.
3. FACC Cooperation
4. GKN Aerospace
5. Leonardo S.p.A
6. Safran S.A.
7. Spirit Aerosystems, Inc.
8. The Nordam Group, Inc.
9. Triumph Group, Inc.
10. UTC Aerospace Systems
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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.
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.
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.
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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.
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