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Aircraft Nacelle and Thrust Reverser Market

Aircraft Nacelle and Thrust Reverser Market by End User (OEM, Aftermarket), By Material (Composites, Alloys, Stainless Steel), By Product, Engine Type (Turbofan, Turboprop, Turboshaft), Aircraft Type and By Region | Global Market Forecast to 2028

Report Id: SNS/A&D/1098 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aircraft Nacelle and Thrust Reverser Market are expected to grow from USD 4.4 billion by 2022 to USD 6.31 billion by 2028, with a CAGR of 6.0% during the forecast period.

The aviation industry is committed to reducing carbon emissions to achieve a sustainable environment and to meet stricter standards for pollution control. Aircraft nacelles are enclosed air-conditioned enclosures, which are produced in a systematic way to minimize traction. Thrust reversers are part of the entire engine nacelle system that is used to slow down aircraft after touching its landing by redirecting the exhaust gases. Many thrust reversers include clamshell doors that open and close periodically. Passenger planes and large jets are the most common aircraft with thrust reverse systems. Although some aircraft, such as fighter jets, can use propulsion while in the air to create a steep descent, they are usually used only on the ground. Thrust reversers on private and commercial aircraft are protected by safety features that prevent them from being used while the aircraft is in the air.

Aircraft Nacelle and Thrust Reverser Market 2028

KEY DRIVERS

The aviation industry is committed to reducing carbon emissions to achieve a sustainable environment and to meet stricter standards for pollution control. Aircraft nacelles are enclosed air-conditioned enclosures, which are produced in a systematic way to minimize traction. Thrust reversers are part of the entire engine nacelle system that is used to slow down aircraft after touching its landing by redirecting the exhaust gases. Many thrust reversers include clamshell doors that open and close periodically. Passenger planes and large jets are the most common aircraft with thrust reverse systems. Although some aircraft, such as fighter jets, can use propulsion while in the air to create a steep descent, they are usually used only on the ground. Thrust reversers on private and commercial aircraft are protected by safety features that prevent them from being used while the aircraft is in the air.

RESTRAINTS

Airplane nacelles and thrust reversers are manufactured from composite materials and developed according to specific aircraft designs and cannot be reconstructed or reused in other applications. Additionally, the cost of composite materials is also higher than other types of aerospace materials, making it difficult to replicate aircraft nacelles and retreat from composite materials. Aircraft nacelles and thrust reverses are made of composite materials that are difficult to repair or recycle and, as a result, need to be completely replaced, increasing the cost of aircraft maintenance. In addition, these nacelles are a combination of thrust reversers that require careful handling as any damage during production, assembly, or shipping not only increases operating costs but also causes delivery delays. Therefore, recycling materials associated with compounds act as a barrier to the growth of the nacelle aviation market and thrust reverser.

OPPORTUNITIES

As aircraft manufacturers plant and develop hydrogen-powered aircraft to reduce carbon emissions, H3 Dynamics, based in Singapore, has successfully tested the world's first integrated hydrogen-electric powertrain nacelle, which aims to provide a wide range of aircraft. The company's hydrogen propulsion design distributes multiple power trains integrated into modular nacelles under the wing instead of a single fuel cell system integrated into a single space.

electric motor, fuel-cell system, hybrid battery pack, Hydrogen storage and are all integrated into a nacelle that can serve as a single forwarding unit or as part of a distributed transmission system. The final convertible system can hold both hydrogen gas and liquid, and the concept can be increased in size and number of nacelles to meet the operational needs of unmanned aircraft and passengers. The H3 wants to start with smaller unmanned aircraft, such as the Hywings H-25,

carrying a 5-kilogram payload by two-engine nacelles aircraft and a maximum departure weight of 25 kg (55 lb.).

 H3 conducted a long-distance hydraulic test-tube test for Toulouse in December 2021, after closing a $ 26 million Series B funding cycle. Under the Mermoz program, flight testing is expected to begin in the first quarter of 2022. H3 engineering buildings in Toulouse and Austin, Texas, run on hydrogen-electric power.

CHALLENGES

The increasing cost involved in the development and R&D of new technology for nacelles aircraft and thrust reversers poses a challenge for manufacturers. Flight nacelles and thrust reversers include fan cows, engine cows, and thrust reversers that need to be high quality, leading to high costs. Aircraft nacelles and thrust reversers and their components must be extremely accurate in design, operation, and specification and must comply with various government regulations issued to ensure the safety of passengers and passengers. Therefore, many leading companies undertake R&D activities to develop the technology to make highly efficient and high-quality aircraft nacelles with thrust reversers and their components. For example, GKN plans to open an R&D center in the US to develop metal powders that will be used in 3D printing of airplane nacelles and thrust reversers and parts.

Aircraft Nacelle and Thrust Reverser Market Ecosystem

Aircraft manufacturers, aircraft manufacturers and relocation systems, after-market service providers, and end customers such as commercial aviation and defense companies are key participants in aircraft nacelles and thrust reverser systems ecosystem. Investors, funders, academic researchers, coordinators, service providers, and licensing authorities all play a significant role in shaping the market.

The Exhaust System is estimated to lead the nacelle and thrust reverser market by 2020.

Typically, the ventilation system is part of the nacelle system and thrust reverser of aircraft. Based on the End User, Exhaust System for the aircraft nacelle and thrust reverser is calculated with the largest share during the forecast period. Production of the exhaust system is expected to grow rapidly over the next decade due to the rapid development of technology tracks. Countries such as Canada, France, and China contribute significantly to long-term production plans.

The Aircraft Nacelle segment is expected to grow at a very high CAGR during the forecast period

Based on the type of product, the aircraft nacelle and thrust reverser are subdivided into Thrust Reverser, airplane reverser, engine building unit, and ventilation system. The Aircraft Nacelle segment of the aviation nacelle and thrust reverser market is expected to grow at a much higher CAGR during the forecast period. Production of the exhaust system is expected to grow rapidly over the next decade due to the rapid development of technology tracks. Countries such as Canada, France, and China contribute significantly to long-term production plans

THE IMPACT OF COVID-19

The outbreak of COVID-19 has led to a number of challenges in various industries such as aerospace and consumer electronics. These industries have faced many economic challenges following the collapse of COVID-19. Since the outbreak, the aviation industry has been among the most affected sectors in the world. The International Civil Aviation Organization (ICAO) and the International Air Transport Association (IATA) actively monitor the economic impact of the aviation industry and regularly publish reports and forecasts. As a recent report published by IATA, below is the financial impact on the aviation sector, nationally, as a result of the COVID-19 epidemic.

Competitive Landscape

Key Market Players

Major players operating in the renewable jet fuel market include Safran, Spirit AeroSystems, FACC AG, Barnes Group Inc, and Woodward among others. These key players provide a variety of products and services such as aircraft nacelles, thrust reversers, and exhaust systems to aircraft manufacturers. Private and small businesses in the nacelle aircraft and thrust reverser market include Aernnova Aerospace S.A., Collins Aerospace, GKN Aerospace, The NORDAM Group, and Magellan Aerospace Corporation.

KEY MARKET SEGMENTS:

By End-User

  • Original Equipment Manufacturer (OEM)

  • Aftermarket

By Material

  • Composites

  • Alloys

  • Stainless Steel

By Product

  • Thrust Reverser

  • Aircraft Nacelle

  • Engine Build-up Unit

  • Exhaust System

By Engine Type

  • Turbofan

  • Turboprop

  • Turboshaft

By Aircraft Type

  • Fixed Wing

  • Military Aviation

  • Rotary Wing

Aircraft Nacelle and Thrust Reverser Market 2022

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Aircraft Nacelle and Thrust Reverser Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 4.4 Billion
Market Size by 2028 US$ 6.3 Billion
CAGR CAGR of 6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By End User (OEM, Aftermarket)
• By Material (Composites, Alloys, Stainless Steel)
• By Engine Type (Turbofan, Turboprop, Turboshaft)
• By Product (Thrust Reverser, Aircraft Nacelle, Engine Build-up Unit, Exhaust System)
• By Aircraft Type (Fixed Wing, Military Aviation, Rotary Wing)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Safran, Spirit AeroSystems, FACC AG, Barnes Group Inc, and Woodward among others
Key Drivers • reducing carbon emissions to achieve a sustainable environment
RESTRAINTS • Airplane nacelles and thrust reversers are manufactured from composite materials


Frequently Asked Questions (FAQ) :

According to SNS insiders, the Aircraft Nacelle and Thrust Reverser Market size was USD 4.4 billion in 2022 and is expected to reach USD 6.31 billion by 2028 with a CAGR of  6% over the forecasted period.

The increasing cost involved in development and R&D of new technology for nacelles aircraft and thrust reversers poses a challenge for manufacturers. And As aircraft manufacturers plant and develop hydrogen-powered aircraft to reduce carbon emissions, H3 Dynamics, based in Singapore, has successfully tested the world's first integrated hydrogen-electric powertrain nacelle, which aims to provide a wide range of aircraft.

The aviation industry is committed to reducing carbon emissions to achieve a sustainable environment and to meet stricter standards for pollution control. Aircraft nacelles are enclosed air-conditioned enclosures, which are produced in a systematic way to minimize traction.

North America, Asia-Pacific, The Middle East & Africa, Latin America, Europe are the major five region covered in this report.

During the projected period, the United States is expected to increase at the fastest CAGR. North American countries such as the United States and Canada are focusing on investing in the aviation industry in order to compete with European and Chinese manufacturers. The North American market is regarded as one of the strongest demand centres for aircraft parts and components, owing to supporting legislation and attempts to reduce aviation emissions.


Table of Contents


1. Introduction
1.1 Market Definition 
1.2 Scope
1.3 Research Assumptions
 
2. Research Methodology
 
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
 
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine War
5. Value Chain Analysis
 
6. Porter’s 5 forces model
 
7.  PEST Analysis
 
8. Aircraft Nacelle and Thrust Reverser Market, By End User
8.1 Original Equipment Manufacturer (OEM)
8.2 Aftermarket

9. Aircraft Nacelle and Thrust Reverser Market, By Product
9.1 Thrust Reverser
9.2 Aircraft Nacelle
9.3 Engine Build-up Unit
9.4 Exhaust System

10. Aircraft Nacelle and Thrust Reverser Market,  By Engine Type
10.1 Turbofan
10.2 Turboprop
10.3 Turboshaft

11. Aircraft Nacelle and Thrust Reverser Market, By Aircraft Type
11.1 Fixed Wing
11.2 Military Aviation
11.3 Rotary Wing

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2    Canada
12.2.3    Mexico
12.3    Europe
12.3.1    Germany
12.3.2    UK
12.3.3    France
12.3.4    Italy
12.3.5    Spain
12.3.6    The Netherlands
12.3.7    Rest of Europe
12.4    Asia-Pacific
12.4.1    Japan
12.4.2    South Korea
12.4.3    China
12.4.4    India
12.4.5    Australia
12.4.6    Rest of Asia-Pacific
12.5    The Middle East & Africa
12.5.1    Israel
12.5.2    UAE
12.5.3    South Africa
12.5.4    Rest
12.6    Latin America
12.6.1    Brazil
12.6.2    Argentina
12.6.3    Rest of Latin America

13. Company Profiles
13.1 HITACHI LTD.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 AB VOLVO
13.3 CATTERPILLAR INC.
13.4 CNH INDUSTRIAL N.V
13.5 DEERE AND COMPANY
13.6 DOOSAN INFRACOE CO.LTD
13.7 J C BAMFORD EXCAVATORS. LTD.
13.8 KOMATSU LTD.
13.9 Liebherr-international AG
13.10 XCMG GROUP

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments

15. Conclusion
 

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