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, the 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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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 reducing weight and maintain the 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 the cumulative fuel efficiency of aircraft also boost the growth of the market.
Market Segmentation
The global nacelle and thrust reverser market has been bifurcated on the basis of component, material, engine type, end user and geography. The component segment is further segmented into fan cowl, engine cowl, and thrust reverser. The 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. The 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). The turboprop is divided into ultralight aircraft and military transport. A gas turbine is bifurcated into the military light helicopter, military attack helicopter, military transport helicopter and a 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, the Middle East, and Africa.
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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.
