Aircraft Nacelle and Thrust Reverser Market Worth $3.86 billion Value by 2030: Players FACC AG, Bombardier, Inc.

As per the report published by The Brainy Insights, the global aircraft nacelle and thrust reverser market is expected to grow from USD 2.47 billion in 2021 to USD 3.86 billion by 2030, at a CAGR of 5.10% during the forecast period 2022-2030. North America region emerged as the largest market for the global aircraft nacelle and thrust reverser market with a 48.08% share of the market revenue in 2021. The increasing cost of manufacturing advanced commercials & jets and rising aircraft upgrade projects are propelling the market's growth during the forecast period in this region. Further, the rising disposable incomes and the increasing population in this region also help drive the market growth. In addition, the Asia Pacific region is expected to show the fastest CAGR growth over the projection period due to the rapid modernization programs in the region. Moreover, the raised flight frequency and increasing preference for air travel also help to drive the market growth during the forecast period.

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭- https://www.thebrainyinsights.com/enquiry/sample-request/12734

Leading companies in the industry include FACC AG, Bombardier, Inc., Leonardo SpA, GKN Aerospace, Safran, NORDAM Group, Inc., Triumph Group, Inc., Spirit Aerosystems, Inc., Woodward, Inc., and United Technologies Corporation (UTC), and among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The product segment is divided into engine build-up unit, thrust reverser, exhaust system, and aircraft nacelle. The aircraft nacelle segment led the market with a market share of 30.12% in 2021. This growth is attributed to the increasing demand for aircraft nacelle in developing countries. The aircraft type segment is divided into military aviation, commercial, and rotary wing. The commercial segment led the market with a market share of 40.15% in 2021. This growth is attributed to world tourism increasing trend and increasing popularity. The material segment is divided into aluminum alloys, composites, and stainless steel. The aluminum alloys segment led the market with a market share of 41.03% in 2021. This growth is attributed to the rising adoption of advanced construction materials. The engine type segment is divided into turboshaft, turboprop, and turbofan. The turbofan segment led the market with a market share of 42.14% in 2021. This growth is attributed to the technological progress in the turbofan engines. The end user segment is divided into aftermarket and original equipment manufacturer (OEM). The original equipment manufacturer (OEM) segment led the market with a market share of 56.12% in 2021. This growth is attributed to the rapid innovation of technologies & progress in product offerings.

ACCESS FULL REPORT: https://www.thebrainyinsights.com/report/aircraft-nacelle-and-thrust-reverser-market-12734

The increase in R&D activities to minimize aircraft weight, drag, and fuel consumption, rising commercial aircraft, and the growing demand for aircraft thrust reversers to assure safe landings propel the growth of the aircraft nacelle and thrust reverser market. Further, the increasing demands for commercial aircraft in both developing & developed countries also boosts the growth of the aircraft nacelle and thrust reverser market.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

Contact Us

Avinash D Head of Business Development

Phone: +1-315-215-1633

Email: sales@thebrainyinsights.com

Web: www.thebrainyinsights.com

This release was published on openPR.