Global Aircraft Thrust Reverser Market
Posted by geeta narwade on October 23rd, 2019
Global Aircraft Thrust Reverser Market was worth US$ 1.4 Bn in 2017 and expected to reach US$ 2.4 Bn by 2026 with a CAGR of 5.01% in the forecasting period.
The aircraft thrust reverser market is segmented based on product, aircraft, manufacturing process, mechanism, and geography. In terms of product, the aircraft thrust reverser market is divided into the cascade, pivot door, and bucket. Based on aircraft, the market is classified as large widebody, medium widebody, small widebody, single-aisle, and regional jets. On the basis of a manufacturing process, the aircraft thrust reverser market is categorized into hand layup, ATL/AFP, and resin infusion. In terms of mechanism, the aircraft thrust reverser market is segregated into hydraulic and electric. Region wise into North America,
Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Aircraft Thrust Reverser Market
Rising safety regulations along with growth in commercial aircraft are the key factors driving the industry demand from 2017 to 2026. Deployment of the product offers decreased landing distance, early stopping and reduce wearing of brakes. Increasing disposable income resulting in growth in air travel and tourism will fuel the demand for the commercial airplane. Moreover, affordable flight prices and increasing FDI in the aviation industry will drive the aircraft thrust reverser market size over the forecast timeline. Continuous safety checks of the airplane body and engine maintenance will positively boost the aircraft thrust reverser market growth.
In terms of product, cascade contributes the major volume share of around 70% in 2016. Pivot door thrust reverser will witness significant growth at around 4% during the forecast period. The superior performance of the product offering decreased braking distance along with cost-benefit of the product. Bucket thrust reverser will exhibit significant growth up to 2026.
Based on a mechanism, Hydraulic system dominates the market size owing to ease in installation and operating of the product. Electric system will witness strong growth around 5.5% by 2026. Elimination of corrosive hydraulic fluids, easy maintenance, reduced weight, and simplified design are the prime factors boosting the aircraft thrust reverser market growth.
In terms of region, North America is anticipated to be largest market for aircraft thrust reverser during the forecast period. The high revenue generation can be attributed to the presence of various industry participants across the region. In addition, the presence of strong passenger base in the region will further boost the market demand. Europe is projected to be the fastest growing market for Aircraft thrust reverser with growth in the major economies such as China and India.
Some of the key players in the aircraft thrust reverser market are Safran S.A., Nordam, UTC Aerospace Systems, Triumph Group, GKN Aerospace and Spirit AeroSystems.
For More Information Visit @: https://www.maximizemarketresearch.com/market-report/aircraft-thrust-reverser-market/12117/
The scope of the Global Aircraft Thrust Reverser Market
Global Aircraft Thrust Reverser Market, By Product
• Pivot Door
Global Aircraft Thrust Reverser Market, By Aircraft
• Large Widebody
• Medium Widebody
• Small Widebody
• Single Aisle
• Regional Jets
Global Aircraft Thrust Reverser Market, By Manufacturing Process
• Hand Layup
• Resin Infusion
Global Aircraft Thrust Reverser Market, By Mechanism
Global Aircraft Thrust Reverser Market, By Geography
• North America
• Middle East & Africa
• Latin America
Key Players operating in the Global Aircraft Thrust Reverser Market
• Safran S.A.
• UTC Aerospace Systems
• Triumph Group
• GKN Aerospace
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About the Authorgeeta narwade
Joined: September 2nd, 2019
Articles Posted: 100
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