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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:
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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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