Aircraft Thrust Reverser Market Geographical Segmentation, Comprehensive Analysis to 2024 | UTC Aerospace Systems, Spirit AeroSystems, Safran, GKN Aerospace, Bombardier

Proliferating demand for commercial planes owing to rising air passenger volume will drive aircraft thrust reverser market over 2017-2024. Shifting trend towards liberalization, growth in tourism and advancement of new service-based business model are the key factors fueling demand for aircrafts. Operational safety of the airplane has become a major concern for aircraft manufacturers and airliners.

Aircraft thrust reverser systems are featured on jet aircrafts to aid a slowdown process just after the aircraft touches ground. This helps in reducing pressure on brakes and hence enables shorter landing distances. These devices are expansively used in aircrafts as they are considered significant for safer landing operations. Installation of aircraft thrust reverser offers added stopping force on wet and slippery runways.

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Thrust reverser deployment during aborted takeoff and landing owing to notable safety and reduced landing distance is projected to enhance aircraft thrust reverser market outlook. Moreover, rising number of air passenger particularly from emerging countries due to affordable airfares will further boost market share over the analysis period. As per Global Market insights Inc., aircraft thrust reverser market size is anticipated to surpass $2.2 billion by 2024.

The Major Key Players in the Market are as follows:
1. Bombardier
2. Composites Technology Research Malaysia Sdn. Bhd.
3. FACC Cooperation
4. GKN Aerospace
5. Leonardo S.p.A
6. Safran S.A.
7. Spirit Aerosystems, Inc.
8. The Nordam Group, Inc.
9. Triumph Group, Inc.
10. UTC Aerospace Systems

Hand layup reinforcement has long been a standard of aerospace composites fabrication processes, as it offers relatively low build volumes for aircrafts. Hand layup segment accounted for over 50% of aircraft thrust reverser industry share in 2016.

Advancement in the hand layup process with offerings like superior production method, mass production and easy processing are the key factors providing impetus to segmental growth and hence boosting overall aircraft thrust reverser market share. ATP/ ATF is estimated to witness growth of over 4.5% during the forecast timeframe.

In 2016, demand from large widebody aircraft for aircraft thrust reversers generated a revenue of over $40 million. The growing demand for large widebody aircraft or single aisle air body can be attributed to rise in number of air passengers. Moreover, the growing revenue contribution to aircraft thrust reverser industry can be attributed to preference for air transport in developed counties. Growing demand for commercial airplanes registered in emerging countries owing to increasing investment in airways will support aircraft thrust market trends over the forecast timeline. Single aisle air body aircraft thrust reverser industry is slated to register considerable growth of over 4.5% over the analysis period.

Increasing deployment of electric thrust reverser in modern aircrafts will fuel the aircraft thrust reverser market growth. Electric aircraft thrust reverser offers reduced weight and eliminates requirement of corrosive fluids in the system. Airliners are aiming at developing electric thrust reverser for conventional aircrafts as well. Over the forecast timespan, electric market is anticipated to register a CAGR of over 5.5%.

Growing air passenger population owing to rise in disposable incomes in the APAC region is projected to fuel aircraft thrust reverser industry growth. Reduced air fares will further drive passenger traffic, generating revenue growth.

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Rising demand for regional, single aisle and widebody airplane in the APAC region to cater to rising air travel will consolidate industry growth in the region. Furthermore, developing GDP, rising financial performance and expanding aerospace industry is estimated to supplement APAC aircraft thrust reverser market growth.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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