Aircraft Thrust Reverser Market Size

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.

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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.