Aircraft Thrust Reverser Market is Thriving Worldwide with Leading Players are GKN Aerospace, Spirit AeroSystems, Safran S.A., Nordam, UTC Aerospace Systems, Triumph Group

The global aircraft thrust reverser market has registered a commendable growth rate over the last few years on account of the rising product installation in aircrafts in consort with the boom in the aviation industry. In the world of aviation, aircraft thrust reversers play a pivotal role in aircraft safety and are usually used for upholding marginal safety in aircraft operations. Reverse thrust is projected opposite to normal thrust direction for decelerating an aircraft after landing.

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.

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As this phenomenon is significant in aircraft safety, several aircraft makers have been inking strategic deals with industry players in the aircraft thrust reverser market. For instance, UTC Aerospace Systems, a subsidiary of United Technologies Corporation, has recently entered into a 5 year deal with Wizz Air to supply thrust reverser overhaul services for the carrier’s Airbus A320ceo aircraft fleet. This move reinforces UTC Aerospace Systems’ expertise in providing maintenance, repair, and overhaul services to airline companies around the world.

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.

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.

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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Surging disposable income resulting in growth in air tourism and travel would certainly spike the demand for the commercial airplane, which will have a positive impact on the aircraft thrust reverser market demand. For instance, the Federal Aviation Administration’s unit Air Traffic Organization everyday handles over 43000 flights and 2.6 Mn passengers across 29 Mn Sq. miles of airspace. Furthermore, increasing affordability of air travel and burgeoning FDI in aviation industry would propel the aircraft thrust reverser market in the foreseeable future. According to credible reports, an estimated amount of USD 765 billion were spent by global airlines in the year 2018.

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.

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
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Aircraft thrust reverser industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Aircraft trends
2.1.4. Manufacturing Process trends
2.1.5. Mechanism trends
2.1.6. Regional trends
Chapter 3. Aircraft Thrust Reverser Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Suppliers
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.4. Pricing analysis
3.4.1. By region
3.4.1.1. NA
3.4.1.2. Europe
3.4.1.3. APAC
3.4.1.4. LATAM
3.4.1.5. MEA
3.5. Cost structure analysis
3.6. Technology landscape
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. EU
3.7.3. China
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. North America
3.8.1.2. Europe
3.8.1.3. Asia Pacific
3.8.1.4. LATAM
3.8.1.5. MEA
3.8.2. Industry pitfalls & challenges
3.9. Innovation & sustainability
3.10. Aircraft and spacecraft export by region
3.11. Aircraft backlog by region
3.12. Growth potential analysis
3.13. Porter's analysis
3.14. Competitive landscape, 2016
3.14.1. Company market share analysis
3.14.2. Strategy dashboard
3.15. PESTEL analysis
Chapter 4. Aircraft Thrust Reverser Market, By Product
4.1. Global aircraft thrust reverser market share by product, 2016 & 2024
4.2. Cascade
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Pivot door
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024

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