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