Aircraft Nacelle and Thrust Reverser Market - Global Forecast to 2023 - ResearchAndMarkets.com
Sep. 06, 2018
DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The "Aircraft Nacelle and Thrust Reverser Market by End User, Material, Component, Engine Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The aircraft nacelle and thrust reverser market is projected to grow from an estimated USD 2.17 billion in 2018 to USD 2.86 billion by 2023, at a CAGR of 5.59% from 2018 to 2023.
Increasing number of aircraft deliveries due to increasing air passenger traffic, especially in emerging economies is the key factor driving the growth of the aircraft nacelle and thrust reverser market. The major restraint impacting the market is the backlog in existing aircraft deliveries.
Based on material, the aluminum alloy segment is estimated to be the largest in 2018. Aluminum remains the dominant material in terms of the total share of materials used for the manufacture of aircraft on account its corrosion resistance and ductility. Thus, due to the increasing demand for new aircraft deliveries globally, the aluminum alloys segment is projected to lead the aircraft nacelle and thrust reverser market during the forecast period.
The Asia Pacific is projected to grow at the highest CAGR in the aircraft nacelle and thrust reverser market during the forecast period, owing to the high demand for aircraft in the region. Commercial airlines in the region are procuring aircraft in large numbers in order to meet the surging demand for air travel within and outside the region.
Moreover, major powers, such as China, India, Japan, and South Korea are investing substantially in procuring commercial airliners and hence increasing the demand for aircraft nacelle and thrust reversers in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Nacelle and Thrust Reverser Market, By End User
8 Aircraft Nacelle and Thrust Reverser Market, By Material
9 Aircraft Nacelle and Thrust Reverser Market, By Component
10 Aircraft Nacelle and Thrust Reverser Market, By Engine Type
11 Regional Analysis
12 Competitive Landscape
13 Company ProfilesSafran United Technologies Corporation (UTC) Leonardo Bombardier Triumph FACC GKN Nordam Spirit AeroSystems Woodward, Inc For more information about this report visit https://www.researchandmarkets.com/research/vmzf7x/aircraft_nacelle?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180906005617/en/
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Related Topics:Aircraft Parts
INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/06/2018 10:35 AM/DISC: 09/06/2018 10:35 AM