Aviation News
Press release distribution service
Home > Aviation News & Resources
Aviation Industry
  • Aviation News
  • Business Aviation
  • Commercial Aviation
  • Defense
  • Submit News

    Watch Aviation News

  • Airbus News
  • Airlines News
  • Airport News
  • Aviation News
  • Boeing News

  • Aircraft Nacelle and Thrust Reverser Market worth $2.86 billion by 2023

     



    (Aviation-NewsWire.Com, November 02, 2021 ) According to the new market research report "Aircraft Nacelle and Thrust Reverser Market by End User (OEM and MRO), Material (Aluminum Alloys, Titanium Alloys, Composites, Nickel Chromium), Component (Fan Cowl, Engine Cowl, and Thrust Reverser), Engine Type, and Region - Global Forecast to 2023", 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.



    Download PDF Brochure @

    https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=34047242



    The introduction of technologies, such as the electronic Thrust Reverser Actuation System (eTRAS) and the use of advanced composite materials for aircraft nacelle and thrust reversers in the aviation industry is expected to contribute to market growth during the forecast period. Aircraft nacelle and thrust reverser manufacturers are focusing on enhancing their market shares through research & development activities to minimize weight, drag, and fuel consumption of aircraft, and enable a greener environment. In addition, they are also working towards developing high strength and durable materials that help towards the manufacture of safer aircraft. To comply with airliner and operator demands, major players in the aircraft nacelle and thrust reverser market are developing nacelles which help reduce operating and maintenance costs in terms of airframe weight.



    Based on end user, the OEM segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period



    Based on end user, the OEM segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, aircraft are manufactured and delivered to airlines with aircraft nacelle and thrust reverser technology installed in aircraft. Original Equipment Manufacturers (OEMs) are responsible for the installation of aircraft nacelle and thrust reverser components. This is a suitable alternative for airline companies, as post the delivery of aircraft, aftermarket modification becomes cumbersome for aircraft manufacturers.



    Based on engine type, the turbofan segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period



    Based on engine type, the turbofan segment of the aircraft nacelle and thrust reverser market is projected to witness the highest growth during the forecast period. In the aviation industry, almost all the aircraft used in commercial and regional travel work on the principle of turbofan based aircraft propulsion due to which the rise in demand for commercial and regional airliners is leading to the increasing demand for turbofan based engine nacelles.



    North America region expected to lead the aircraft nacelle and thrust reverser market during the forecast period



    The North America region is expected to lead the aircraft nacelle and thrust reverser market during the forecast period. Rising aircraft upgrades and purchase of commercial jets are expected to upsurge demand in the aircraft nacelle and thrust reverser market in North America during the forecast period. North America is expected to remain the largest market during the forecast period due to the high demand for new aircraft and replacement of aging fleets.



    The major players profiled in this report on the aircraft nacelle and thrust reverser market are Safran (France), UTC (US), Leonardo (Italy), Bombardier (Canada), Triumph (US), FACC (Austria), GKN ( England), Nordam (US), and Spirit AeroSystems (US), among others.



    Ask for Sample Report @

    https://www.marketsandmarkets.com/requestsampleNew.asp?id=34047242





    About MarketsandMarkets™



    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

    MarketsandMarkets™

    Mr. Aashish Mehra

    1-888-600-6441

    sales@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Aviation News & Resources

    Aviation Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Governing
    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    Aviation-Newswire.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    Aviation-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC