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Global Aircraft Thrust Reverser Market to be Aided by the Rising Market for Aircraft Nacelle and Thrust Reverser in the Forecast Period of 2022-2027

According to a new report by EMR titled, ‘Global Aircraft Thrust Reverser Market Report and Forecast 2022-2027’, the global aircraft thrust reverser market is being aided by the growing aircraft nacelle and thrust reverser industry, which attained a value of USD 2.43 billion in 2020.

The global aircraft thrust reverser industry is anticipated to rise significantly in the forecast period due to technological advancements and innovation in commercial and military aircraft. The market is expected to be aided by the rising demand for commercial planes and increasing commercial aviation networks. The high demand from the OEM segment is likely to increase the sales of aircraft thrust reversers in the forecast period. Meanwhile, based on the material segment, aluminum's high durability and temperature endurance are likely to propel the demand for commercial aircraft such as Boeing 747.

The aircraft thrust reverser industry is likely to witness a further rise, owing to the growing number of passengers and increasing popularity of Airbus popular aircrafts such as A320 and A321, among others. Latest technological advancements in the commercial airline sector include the installation of Aircraft Data Gateway 400 (ADG-400) solution of all Embraer’s (NYSE: ERJ) new E2 commercial jets. The Data Gateway 400 (ADG-400) will enable operators to wirelessly transfer critical flight and maintenance data to and from their aircraft quickly and efficiently. The technology will further bolster the commercial aviation network and increase the sales of the aircraft thrust reverser.

The Asia Pacific region is expected to remain the dominant region in the forecast period. With the growing military power of countries like India and China, the continent is expected to witness a surge in military aircraft sales. In addition, the ever-increasing innovation in Australia, which includes the development of the world’s first pilotless aircraft, has completed the trial. Therefore, the trend of pilot-less aircraft is likely to bolster the export of the military aircraft segment, which will further propel the demand for aircraft thrust reversers.

Market Breakup by Component, Material, Mechanism, End-User, Aircraft-Type, and Region:

  • The market, on the basis of components, is segmented into engine cowl, fan cowl, and thrust reverser.
  • On the basis of material, the market can be divided into composites, metals, aluminium alloys, titanium alloys, nickel-chromium, and stainless steel, among others.
  • The different mechanisms in the industry include hydraulic and electrical.
  • The end-users of the product include OEM and MRO.
  • The aircraft types of the market can include commercial, business jet, and military aircraft.
  • The regional industries for aircraft thrust reversers can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The growing trend of pilot-less aircraft drives the global market for aircraft thrust reversers.
  • The growth of the commercial aviation sector and the rising number of passengers in the commercial aircraft industry is likely to bolster the market.
  • The rising military advancements, propelling the demand for military aircraft, will further aid the market growth.
  • The durability of aluminium alloys and their endurance to high temperatures will likely bolster aircraft thrust reversers' sales.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for aircraft thrust reversers for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the components, materials, mechanisms, end-users, aircraft types, and regions of the aircraft thrust reverser.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market include Safran, FACC AG, Collins Aerospace, and Woodward Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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