Aircraft Thrust Reverser Market Size & Share 2020 to 2026
Market Size by Aircraft (Commercial [Narrow-body, Widebody], Regional, Business, Military), by Product (Cascade, Pivot, Bucket), by Manufacturing Process (Hand Layup, ATL/AFP, Resin Infusion), by Mechanism (Hydraulics, Electrical), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, & Forecast.
Report ID: GMI2311
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Published Date: May 2020
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Report Format: PDF
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Authors:
Suraj Gujar, Partha Paul
Aircraft Thrust Reverser Market Size
Aircraft Thrust Reverser Market size valued at USD 2.3 billion in 2019 and is projected to exhibit over 2.5% CAGR from 2020 to 2026.
Aircraft thrust reverser is a part of engine nacelle systems, which are fitted at the exhaust, to efficiently reverse the flow of gases to achieve deceleration. Modern aircrafts are installed with thrust reverser due to growing airliners focus on providing safety to its passengers. These trends are likely to drive the aircraft thrust reverser market revenue. Another key market growth enabling factors are increasing air travel and use of narrow-body aircrafts across Asia Pacific region.
Although the market is gaining significant attention, the challenges associated with its high installation & maintenance cost will slow down the industry growth. Additionally, aircraft industry is also facing stringent challenges from ongoing COVID-19 pandemic. Major aircraft manufacturers have shut down their facilities in the U.S., which is likely to affect the market growth. Also, the pricing of aircraft thrust reverser will affect adversely between 2020 and 2021 owing to sharp decline in the production rate and deliveries of aircraft.
Increasing airworthiness of commercial aircrafts will drive the aircraft thrust reverser market demand
Narrow-body aircraft segment is anticipated to generate more than USD 1 billion revenue by 2026. Aircraft manufacturers are entering into strategic agreements to design and develop thrust reverser for single-aisle aircraft that is boosting the segment share. Moreover, increasing short to medium haul air travel demand across the globe will drive deliveries of narrow-body aircraft, which will further increase penetration of thrust reversers in aerospace sector.
Aircraft Thrust Reverser Market Analysis
Cascade reverser will account for more than 70% revenue share of the global market through 2026. This dominance can be credited to its features such as enhanced aerodynamic performance and improved aesthetics. Rising production of commercial aircraft is likely to stipulate this product’s demand.
Hand layup manufacturing process is expected to hold substantial aircraft thrust reverser market share in the coming years. This is attributed to its cost effectiveness and error-free operation. Increased flexibility in design and higher fiber content in the hand layup process is further boosting its popularity among the aircraft thrust reverser manufacturers.
Hydraulics segment is poised to dominate the market share during the forecast period. This dominance can be credited to its low installation cost. This mechanism also results into enhanced accuracy during flight takeoff and landings, positively influencing the market revenue.
North America is predicted to hold a significant share of the global aircraft thrust reverser market due to increasing aircraft deliveries from the region. The region accounts for substantial share of aircraft production across the world. Furthermore, the presence of large number of aircraft manufacturers is propelling the market growth in the region.
Aircraft Thrust Reverser Market Share
Major players in the market are :
These players enter long term supply contracts with key aircraft manufacturers for supplying various parts and components including thrust reversers, engine nacelles, etc.
The industry will witness intense competition owing to adoption of aggressive strategies including new product developments, mergers & acquisitions, and portfolio diversification by competitors to gain visibility in the market.
The aircraft thrust reverser market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2016 to 2026, for the following segments:
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Market by Aircraft
Market by Product
Market by Manufacturing Process
Market by Mechanism
The above information is provided on a regional and country basis for the following:
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