Global Aircraft Thrust Reverser Market By Product (Cascade, Pivot, Bucket), Component (Engine Cowl, Fan Cowl, Thrust Reverser), Manufacturing Process (Hand Layup, ATL/AFP, Resin Infusion), Mechanism (Hydraulics, Electrical), Air Craft (Commercial, Regional, Business, Military), End User (OEM, MRO), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Aircraft Thrust Reverser Market
The aircraft thrust reverser market is expected to witness market growth at a rate of 2.50% in the forecast period of 2021 to 2028 and is expected to reach USD 2,897.72 million by 2028. Data Bridge Market Research report on aircraft thrust reverser market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise of the aircraft sector is escalating the growth of aircraft thrust reverser market.
Aircraft thrust reverser refers to a part of engine nacelle systems that are generally placed at the exhaust in order to reverse the flow of gases efficiently for achieving deceleration. Thrust reversers are installed in the modern aircraft because of the rise in the emphasis on providing safety to their passengers. The aircraft engine's thrust is temporarily directed forward by the aircraft's propulsion system and thrust reverser.
The increase in the air travel and use of narrow-body aircrafts across the globe especially in the Asia-Pacific region, acts as one of the major factors driving the growth of aircraft thrust reverser market. The rise in the concerns regarding the safety and security of their passengers because of the past number of cases causing high casualties and employment of numerous workers for cross-checking of the safety of an aircraft by the government accelerate the market growth. The growing popularity of strategic agreements to design and develop thrust reverser for single-aisle aircraft and the surge in the short to medium haul air travel demand further influence the market. Additionally, rise in safety regulations for aircraft, increase in the investments, growth in commercial aircraft and surge in disposable income of people positively affect the aircraft thrust reverser market. Furthermore, increase in demand for lightweight aircraft thrust reversers and advent of new aircraft manufacturers in the Asia Pacific extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with installation and maintenance of the aircraft thrust reverser and high research and development costs for developing new technologies are the factors expected to obstruct the market growth. The implementation of stringent regulatory norms to ensure safe aircraft operations and difficulty in repairing or remolding thrust reversers made from composite materials are projected to challenge the aircraft thrust reverser market in the forecast period of 2021-2028.
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Aircraft Thrust Reverser Market Scope and Market Size
The aircraft thrust reverser market is segmented on the basis of product, component, manufacturing process, mechanism, aircraft and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the aircraft thrust reverser market is segmented into cascade, pivot and bucket.
- On the basis of component, the aircraft thrust reverser market is segmented into engine cowl, fan cowl and thrust reverser.
- On the basis of manufacturing process, the aircraft thrust reverser market is segmented into hand Layup, ATL/AFP and resin infusion.
- On the basis of mechanism, the aircraft thrust reverser market is segmented into hydraulics and electrical.
- On the basis of aircraft, the aircraft thrust reverser market is segmented into commercial, regional, business and military. Commercial is further segmented into narrow-body and wide body.
- On the basis of end user, the aircraft thrust reverser market is segmented into OEM and MRO.
Global Aircraft Thrust Reverser Market Country Level Analysis
The aircraft thrust reverser market is analyzed and market size, volume information is provided by country, product, component, manufacturing process, mechanism, aircraft and end user outlook as referenced above.
The countries covered in the global aircraft thrust reverser market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the aircraft thrust reverser market because of the high demand for new aircraft and replacement of aging fleets. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the rapid modernization programs in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aircraft Thrust Reverser Market Share Analysis
The aircraft thrust reverser market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aircraft thrust reverser market.
The major players covered in the aircraft thrust reverser market report are Bombardier, Safran, Collins Aerospace, The NORDAM Group LLC, GKN Aerospace Services Limited, Honeywell International Inc., PARKER HANNIFIN CORP, WOODWARD INC, CTRM Sdn. Bhd., Spirit AeroSystems, Inc., FACC AG, Triumph Group., Leonardo S.p.A., NIKKISO AMERICA, INC., and S.S. White Technologies Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.