Global Aircraft Exhaust System Market is Estimated to Reach $988 Million by 2023, Says Accurize Market Research
Global Aircraft Exhaust System Market report published by Accurize Market Research forecast that the global market is expected to reach $988 million by 2023; growing at a CAGR of 8.1% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Upsurge in the number of aircrafts, growing passenger traffic, and increase in the sales of small body or commercial aircrafts especially in emerging markets to drive the growth of the market
Upsurge in the number of aircrafts, growing passenger traffic and increase in the sales of commercial aircrafts especially in developing markets fuel the demand for aircraft exhaust system. Furthermore, cumulative demand for new aircraft deliveries globally and intervention of the defense segment also boosts the growth of the market.
Market Segmentation
The global aircraft exhaust system market has been bifurcated on the basis of aviation type, system, component, end user, and geography. Aviation type segment is further segmented into general aviation, business aviation, commercial aviation and military aviation. System segment can be bifurcated into engine exhaust system and APU exhaust system. Engine exhaust system is further divided into turbofan, turboshaft, turboprop and reciprocating piston type. Component segment can be bifurcated into exhaust nozzle, exhaust cone, exhaust pipe, turbochargers, APU exhaust tube, APU exhaust liner and others. Furthermore, end user segment includes OEM and MRO.
By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Italy, Russia, Germany, France, and others. Asia-Pacific covers China, India, New Zealand, Australia, Japan and others. RoW covers South America, Middle East and Africa.
Top players in the market
The key players operational in the market includesPower Flow Systems, Inc., Thomas Net, Aerospace Manufacturing, Inc., Safran Nacelles, Knisley Exhaust, CKT Aero Engineering Ltd., UTC Aerospace Systems, Aerospace Welding Inc., Acorn Welding, and Sky Dynamics among others.
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