Aircraft Nacelle Components Market Worth US$ 8,415 million in 2022

Stratview Research has published a new research report on Aircraft Nacelle Components Market. This extensive 257-page report by Stratview Research analyses the growth of Aircraft Nacelle Components Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
● by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others)
● by Component Type (Inlet Cowl, Fan Cowl, and Others)
● by Material Type (Composites, Nickel Alloy, and Fabrics)
● by Manufacturing process Type (Hand Layup, Resin Infusion, and Others)
● and by Region (North America, Europe, Asia-Pacific, and RoW)

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Increasing share of wide-body aircraft in commercial aircraft deliveries

The aircraft nacelle components market is projected to reach an estimated value of US$ 8,415 million in 2022. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight aircraft nacelle components; increasing share of wide-body aircraft in commercial aircraft deliveries, rising aircraft fleet size; and increasing diameter of fan blades of turbofan engine are the major growth drivers of the aircraft nacelle components market.

Narrow-body aircraft to remain the growth engine

The aircraft nacelle components market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Jet, and Military Aircraft. Narrow-body aircraft is expected to remain the growth engine of the aircraft nacelle components market during the forecast period, propelled by the introduction of fuel-efficient variants of best-selling programs (A320neo and B737 Max). Both the commercial aircraft airframers (Boeing and Airbus) are enjoying huge order backlogs of their key aircraft programs and are increasing the production rates of A320 and B737 to meet the growing demand.

Composite to remain the material of choice in the market

Based on the material type, the aircraft nacelle components market is segmented as Composites, Nickel Alloys, Titanium, and Others. Composite is expected to remain the material of choice in the aircraft nacelle components market during the forecast period. There has been an incessant replacement of metals with composite components, owing to their excellent strength-to-weight ratio at a relatively low weight. Titanium components are expected to witness the highest growth in the market during the same period, driven by an increasing penetration, especially in exhaust components.

North America to remain the largest market

Based on the region, North America is expected to remain the largest aircraft nacelle components market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of aircraft nacelle components in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus of B737, A320, and A330 aircraft programs; increasing procurement of military aircraft, owing to rising defense budget; and upcoming indigenous commercial and regional aircraft (C919 and MRJ).

Top market players

The supply chain of this market comprises raw material suppliers, nacelle component manufacturers, nacelle integrators, engine OEMs, aircraft OEMs, and airline companies. The key aircraft nacelle component manufacturers are UTC Aerospace Systems, Safran S.A., Spirit Aerosystems, Inc., Bombardier (Short Brother PLC), GKN Aerospace, and Leonardo S.p.A. Development of lighter nacelle components, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.

Why Stratview Research

Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Aircraft Nacelle Components Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2011 – 2016) and forecast analysis (2017-2022) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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