Reports
Global Aircraft Thrust Reverser Market Share, Forecast: By Component: Engine Cowl, Fan Cowl, Thrust Reverser; By Material: Composites, Metals, Aluminum Alloys, Titanium Alloys, Nickel Chromium, Stainless Steel, Others; By Mechanism: Hydraulic, Electrical; By End User; By Aircraft Type; Regional Analysis; Competitive Landscape; 2024-2032
Global Aircraft Thrust Reverser Market Outlook
The global aircraft thrust reverser market is being aided by the growing aircraft nacelle and thrust reverser market, which attained a value of USD 2.81 billion in 2023. The aircraft nacelle and thrust reverser market is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
Increasing Demand from the Commercial Aircraft Segment to Bolster the Aircraft Thrust Reverser Market Growth
Based on aircraft type, commercial aircrafts account for a significant share in the market owing to the rising travel and tourism market, which is likely to propel the number of air passengers every year. The growing charm among youth to travel to various exotic destinations will further propel the demand for commercial aircrafts. Meanwhile, the demand for military aircraft is also expected to be significant owing to the increasing demand in developing economies to protect their sovereignty and enhance defence capabilities.
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On the basis of end use, the OEM segment accounts for a significant share in the market. This can be attributed to the responsibility of OEM for the installation of thrust reverser components. Also, after the delivery of aircraft, it is hard to make further modifications.
Increasing Demand for Aluminium Alloys to Boost the Aircraft Thrust Reverser Market Growth
On the basis of material, aluminium alloys account for a significant share in the market and are expected to lead the market in the forecast period as well, owing to the strength and higher temperature enduring capacity of the material. Commercial aircrafts such as Boeing 747 is known to be an aluminium airplane.
North America to Augment the Growth of the Aircraft Thrust Reverser Market
High demand for new aircrafts, buttressed by latest innovation and technological features, and the growing need for replacement of aging fleets has bolstered the North America aircraft thrust reverser market growth. This factor is likely to make the North American market quite dominant in the forecast period. Meanwhile, the modernisation programmes in the Asia Pacific aviation sector are expected to aid the market growth in the region.
Aircraft Thrust Reverser: Market Segmentation
An aircraft thrust reverser is a component of an aircraft that allows it to it decelerate or slow down just after touchdown. A thrust reverser basically acts against the forward travel of an aircraft. It is a critical component of many jet aircrafts and are considered important for safe operations by airlines.
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Based on component, the market is divided into:
- Engine Cowl
- Fan Cowl
- Thrust Reverser
By material, the market can be segmented into:
- Composites
- Metals
- Aluminium Alloys
- Titanium Alloys
- Nickel Chromium
- Stainless Steel
- Others
On the basis of mechanism, the market can be bifurcated into:
- Hydraulic
- Electrical
Based on end-use, the market can be segmented into:
- OEM
- MRO
On the basis of aircraft type, the market can be categorised into:
- Commercial
- Business Jet
- Military Aircraft
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Focus on Aircraft Safety and the Increasing Number of Passengers to Augment the Growth of the Aircraft Thrust Reverser Market
The stringent regulations by the government and the growing awareness among the airline companies about the safety and security of passengers are the major factors driving the market growth in the historical period. However, the COVID-19 virus hampered the market significantly, but the market growth is likely to be propelled by the rising population and the growing enthusiasm among people to travel and explore. The market is anticipated to be aided by the increasing shift towards air transportation, which, in turn, is expected to accelerate the demand for commercial aircrafts. This factor will further bolster the market recovery from the adverse impact of COVID-19 in the forecast period.
Key Players in the Global Aircraft Thrust Reverser Market
The report gives a detailed analysis of the following key players in the global aircraft thrust reverser market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Safran
- FACC AG
- Collins Aerospace
- Woodward Inc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Material, Mechanism, End User, Aircraft Type, Region |
| Breakup by Component | Engine Cowl, Fan Cowl, Thrust Reverser |
| Breakup by Material | Composites, Metals, Aluminum Alloys, Titanium Alloys, Nickel Chromium, Stainless Steel, Others |
| Breakup by Mechanism | Hydraulic, Electrical |
| Breakup by End User | OEM, MRO |
| Breakup by Aircraft Type | Commercial, Business Jet, Military Aircraft |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Safran, FACC AG, Collins Aerospace, Woodward Inc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aircraft Thrust Reverser Market Analysis
8.1 Key Industry Highlights
8.2 Global Aircraft Thrust Reverser Historical Market (2018-2023)
8.3 Global Aircraft Thrust Reverser Market Forecast (2024-2032)
8.4 Global Aircraft Thrust Reverser Market by Component
8.4.1 Engine Cowl
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fan Cowl
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Thrust Reverser
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Aircraft Thrust Reverser Market by Material
8.5.1 Composites
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Metals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Aluminum Alloys
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Titanium Alloys
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Nickel Chromium
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Stainless Steel
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Aircraft Thrust Reverser Market by Mechanism
8.6.1 Hydraulic
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Electrical
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Aircraft Thrust Reverser Market by End User
8.7.1 OEM
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 MRO
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Aircraft Thrust Reverser Market by Aircraft Type
8.8.1 Commercial
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Business Jet
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Military Aircraft
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.9 Global Aircraft Thrust Reverser Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Aircraft Thrust Reverser Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aircraft Thrust Reverser Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aircraft Thrust Reverser Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aircraft Thrust Reverser Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aircraft Thrust Reverser Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Safran
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 FACC AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Collins Aerospace
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Woodward Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aircraft Thrust Reverser Market: Key Industry Highlights, 2018 and 2032
2. Global Aircraft Thrust Reverser Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Aircraft Thrust Reverser Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Aircraft Thrust Reverser Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Aircraft Thrust Reverser Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Aircraft Thrust Reverser Historical Market: Breakup by Mechanism (USD Billion), 2018-2023
7. Global Aircraft Thrust Reverser Market Forecast: Breakup by Mechanism (USD Billion), 2024-2032
8. Global Aircraft Thrust Reverser Historical Market: Breakup by End User (USD Billion), 2018-2023
9. Global Aircraft Thrust Reverser Market Forecast: Breakup by End User (USD Billion), 2024-2032
10. Global Aircraft Thrust Reverser Historical Market: Breakup by Aircraft Type (USD Billion), 2018-2023
11. Global Aircraft Thrust Reverser Market Forecast: Breakup by Aircraft Type (USD Billion), 2024-2032
12. Global Aircraft Thrust Reverser Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Aircraft Thrust Reverser Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Aircraft Thrust Reverser Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Aircraft Thrust Reverser Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Aircraft Thrust Reverser Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Aircraft Thrust Reverser Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Aircraft Thrust Reverser Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Aircraft Thrust Reverser Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Aircraft Thrust Reverser Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Aircraft Thrust Reverser Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Aircraft Thrust Reverser Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Aircraft Thrust Reverser Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Global Aircraft Thrust Reverser Market Structure
Key Questions Answered in the Report
The global aircraft thrust reverser market is being aided by the growing aircraft nacelle and thrust reverser market, which attained a value of USD 2.81 billion in 2023.
The global aircraft thrust reverser market is being aided by the growing aircraft nacelle and thrust reverser market, which is further expected to grow at a CAGR of 5% in the forecast period of 2024-2032.
The major drivers of the market include the growing awareness among the airline companies about the safety and security of passengers, rising population, growing enthusiasm among people to travel and explore, increasing shift towards air transportation, latest innovation and technological features, growing need for replacement of aging fleets, and increasing demand for military aircraft.
The growing commercial aircraft market and stringent regulations by the government are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on component, the market is divided into engine cowl, fan cowl, and thrust reverser.
By material, the market can be segmented into composites, metals, aluminium alloys, titanium alloys, nickel chromium, and stainless steel, among others.
On the basis of mechanism, the market can be segmented into hydraulic and electrical.
The end uses are OEM and MRO.
On the basis of aircraft type, the market can be categorised into commercial, business jet, and military aircraft.
The major players in the market are Safran, FACC AG, Collins Aerospace, and Woodward Inc, among others.
Analyst Review
The global aircraft thrust reverser market attained a value of nearly USD 2.81 billion in 2023, driven by the growing aircraft nacelle and thrust reverser market. Aided by growing awareness among the airline companies about the safety and security of passengers and stringent regulations by the government, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on component, the market is divided into engine cowl, fan cowl, and thrust reverser. By material, the market can be segmented into composites, metals, aluminium alloys, titanium alloys, nickel chromium, and stainless steel, among others. On the basis of mechanism, the market can be segmented into hydraulic and electrical. The end-users are OEM and MRO. On the basis of aircraft type, the market can be categorised into commercial, business jet, and military aircraft. The major regional markets for Aircraft thrust reverser market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the market are Safran, FACC AG, Collins Aerospace, and Woodward Inc, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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