Nacelle Components market in Aerospace industry is projected to grow at a healthy rate over the next five years to reach US$ 9,011.1 million in 2024. – Stratview Research Market Report

The research studies Aircraft Nacelle Components Market in the trend period of 2013 to 2018 and forecasted period of 2019 to 2024 under given segments - by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Jet, and Military Aircraft), by Component Type (Inlet Cowl, Fan Cowl, Thrust Reverser, Exhaust Components, and Others), by Material Type (Composites, Nickel Alloy, Titanium, and Others), by Process Type (Hand Layup, Resin Infusion, AFP/ATL, Forming, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
The study finds –
 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 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.

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The Aircraft Nacelle Components Market: Highlights

The global aircraft nacelle components market is projected to grow at a healthy rate over the next five years to reach US$ 9,011.1 million in 2024. 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 global aircraft fleet size; and increasing diameter of fan blades of turbofan engines are the major growth drivers of the global aircraft nacelle components market.

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The global 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 commercial aircraft manufacturers (Boeing and Airbus) are enjoying huge order backlogs (13,048 aircraft units as of 31st December 2018) of their commercial aircraft programs and have incessantly been raising the production rates to meet the growing demand.

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 increasing penetration, especially in exhaust components.

Based on the regions, 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 for the 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).

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 Collins Aerospace (Previously UTC Aerospace Systems), Safran S.A., Spirit AeroSystems, Inc., Bombardier (Short Brothers 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.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of Nacelle Components. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the Aerospace & defence industry. Please refer to the following link to browse through the reports:

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