Aircraft Nacelle and Thrust Reverser Market Share, Size, Growth, Key Vendors, Trends, Analysis, Segmentation, Forecast To 2022-2030

The global aircraft nacelle and thrust reverser market size was US$ 4,362.7 million in 2021. The global aircraft nacelle and thrust reverser market size is forecast to reach US$ 7,185.1 million by 2030, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2022 to 2030.

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The aircraft engine is housed inside a structure with exterior aerodynamics called a nacelle. It is attached to an aircraft's wing or body by a pylon or strut. In addition, the Inlet cowl and fan cowl are parts of the aircraft nacelle. An apparatus known as a thrust reverser allows an aircraft to slow down by momentarily rerouting the engine's thrust so that it is directed forward rather than backward. Shorter landing distances are possible thanks to these reversers, which also lessen tire and brake wear. The aircraft nacelle system is made up of the engine cowling, intake cowl, fan cowl, thrust reverser, core cowl, and exhaust system. For transport aircraft operations, the airlines use the aircraft nacelle and thrust reverser as safety buffers.

Factors Influencing Market Growth
The increasing living standards, a growing number of airport connections, and a decrease in fares drive the global market.

The rise in modernization & innovations in aircraft, the advent of new entrants, and the expansion of new low-drag lightweight nacelles contribute to improving the fuel efficiency of aircraft. Thus, this factor is forecast to offer lucrative opportunities for the global market.

The increased cost associated with the installation and maintenance of the aircraft may slow down the overall market growth.

Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading, which affected the travel sector worldwide. Additionally, due to a shortage of personnel and raw materials in 2020 and 2021, aircraft OEMs decreased their manufacturing pace, which had an impact on the market. A higher number of aircraft are likely to be delivered in the second part of the forecast period since air passenger traffic is anticipated to return to pre-COVID levels as a result of the widespread distribution of vaccines.

Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rise in modernization and increased acceptance of advanced aircraft nacelles. In addition, the increase in passenger traffic, alternatives to aging fleets, and growing investment in the aviation industry.

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Leading Competitors

The leading prominent companies profiled in the global aircraft nacelle and thrust reverser market are:
Bombardier, Inc.
FACC AG
GKN Aerospace
Leonardo SpA
NORDAM Group, Inc.
Safran
Spirit Aerosystems, Inc.
Triumph Group, Inc.
United Technologies Corporation (UTC)
Woodward, Inc.
Other Prominent Players

Scope of the Report

The global aircraft nacelle and thrust reverser market segmentation focuses on Material, Product, End-User, Engine Type, and Region.

Segmentation based on Material
Composites
Alloys
Stainless Steel

Segmentation based on Product
Thrust Reverser
Aircraft Nacelle
Engine Build-up Unit
Exhaust System

Segmentation based on End-User
Original Equipment Manufacturer (OEM)
Aftermarket

Segmentation based on Engine Type
Turbofan
Turboprop
Turboshaft

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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