Aircraft Thrust Reverser Market 2024 By Top Players: Bombardier, FACC Cooperation, Leonardo, Safran, Spirit Aerosystems, UTC Aerospace Systems, Triumph Group, Nordam Group, GKN Aerospace
Electric aircraft thrust reverser market is likely to exhibit gains at 5.5% over the forecast timeframe. The product offers reduced weight owing to eliminating implementation of corrosive heavy fluids. Industry players are developing electric thrust reverser for airplane fleet. In 2016, hydraulics accounted for major share of aircraft thrust reverser market. The dominance can be credited to simplified installation and functioning of the system.
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Cascade is estimated to continue its dominance over the forecast study frame. The demand can be credited to growing installation in advanced new generation airplanes. Bucket aircraft thrust reverser is likely to exhibit growth at over 4% from 2017 to 2024. Shifting trends towards replacing the conventional air fleet with advanced aircraft will boost the product demand.
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.
Aircraft Thrust Reverser Market by Product
• Pivot door
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
• Resin Infusion
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Top Key Players:-
The key players of global 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.
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.
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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