The Market of Aircraft Thrust Reverser to grow beyond US$ 4,761.7 million by 2024

The new report of Stratview Research analyses the Aircraft Thrust Reverser market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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https://www.stratviewresearch.com/Request-Sample/297/aircraft-thrust-reverser-market.html

An overview: The market share of the aircraft thrust reverser

The aircraft thrust reverser market is projected to reach an estimated value of US$ 4,761.7 million in 2024. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight thrust reverser; an increased demand for fuel-efficient aircraft; and an advancement in technology of thrust reverser are some of the major growth drivers of the global aircraft thrust reverser market.

Narrow- and wide-body aircraft: The growth engine

The aircraft thrust reverser market is segmented based on aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and Business Jets. Both, narrow- and wide-body aircraft are expected to remain the growth engines of the global aircraft thrust reverser market during the forecast period of 2019 to 2024. Increasing narrow- and wide-body aircraft deliveries to support rising passenger traffic, the introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors that are propelling the demand for thrust reversers in these segments.

Dominance of: Cascade and Composite

Based on the product type, the global aircraft thrust reverser market is segmented as Cascade Type, Pivot Four Door Type, and Bucket Type. Cascade is expected to remain the most dominant and fastest-growing product type in the aircraft thrust reverser market during the forecast period of 2019 to 2024, owing to its extensive usage in commercial and regional aircraft programs.

Based on the material type, the aircraft thrust reverser market is segmented as Composites and Metals. Composite is expected to remain the material of choice in the global aircraft thrust reverser market during the forecast period. There has been an incessant replacement of metal components with composite components, owing to their excellent strength-to-weight ratio at a relatively low weight. Metals, such as aluminum, titanium, and stainless steel, are primarily used in small sub-components, such as hinges and fittings.

A highly/moderately/fragment consolidated Market

The key aircraft thrust reverser manufacturers are Safran S.A., Spirit AeroSystems, Inc., Collins Aerospace (UTC Aerospace Systems), GKN Aerospace, and Triumph Group, Inc. Development of lighter and optimized aircraft thrust reverser, setting up long-term contracts, and strategic collaborations are the key strategies adopted by the major players to gain a competitive edge in the market.

Regional Hegemony of North America

Based on the region, North America is expected to remain the largest aircraft thrust reverser market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The higher growth of aircraft thrust reverser in Asia-Pacific is mainly attributable to the increasing commercial aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; and upcoming commercial and regional aircraft, such as C919 and MRJ.

Comprehensive Market Coverage

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This release was published on openPR.