Global Nacelle and Thrust Reverser Market is Estimated to Reach $2.9 Billion by 2023, Says Accurize Market Research
Global Nacelle and Thrust Reverser Market report published by Accurize Market Research forecast that the global market is expected to reach $2.9 billion by 2023; growing at a CAGR of 5.7% 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.
Technological improvements and service life of the propulsion system more reliable and contributes to the reducing weight and maintain capability in aviation sectors to drive the growth of the market
Technological improvements and service life of the propulsion system more reliable and contributes to the reducing weight and maintain capability in aviation sectors fuel the demand for the global nacelle and thrust reverser market. Furthermore, opportunities from various enterprises from emerging markets and new low-drag lightweight nacelles contribute to cumulative fuel efficiency of aircraft also boosts the growth of the market.
The global nacelle and thrust reverser market has been bifurcated on the basis ofcomponent, material, engine type, end user and geography. Component segment is further segmented into fan cowl, engine cowl, and thrust reverser. Material segment can be bifurcated into aluminium alloys, nickel chromium, stainless steel, titanium alloys, and composites. Furthermore, engine type segment includes turbofan, turboprop and gas turbine. Turbofan engine type is bifurcated into narrow body aircraft (NBA), wide body aircraft (WBA), very large aircraft (VLA), business jets and regional transport aircraft (RTA). Turboprop is divided into ultra-light aircraft and military transport. Gas turbine is bifurcated into military light helicopter, military attack helicopter, military transport helicopter and business helicopter. End user segment is further bifurcated into 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, Germany, France, Russia, Italy, Switzerland, Austria and others. Asia-Pacific covers China, India, Japan, and others. RoW covers South America, Middle East and Africa.
Top players in the market
The key players operational in the market includes Safran, UTC, Woodward, Inc., Leonardo S.P.A., Bombardier, Triumph Group, FACC, GKN, Nordam, and Spirit AeroSystems among others.
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