Electric aircraft thrust reverser market is likely to exhibit gains at 5.5% over the forecast timeframe. The product offers reduced weight owing to eliminating implementation of corrosive heavy fluids. Industry players are developing electric thrust reverser for airplane fleet. In 2016, hydraulics accounted for major share of aircraft thrust reverser market. The dominance can be credited to simplified installation and functioning of the system.
As the frequency of air travel has been increasing in the recent years, aircraft thrust reverser market has gained robust traction in the transportation space. That to say, despite rising fares and climbing fuel costs, air travel has now become a conceivable mode of transportation. Not to mention, with rising disposable incomes and changing consumer lifestyles, an increasing percentage of people choose to spend vacations at exotic locations, further stimulating the aviation industry trends. In consequence, this has had a commendable impact on the commercialization scale of aircraft thrust reverser market, as these products are critically important components in an aircraft for ensuring efficient deceleration and landing.
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Hand layup accounted for over 50% volume share of aircraft thrust reverser market in 2016. Advancement of the process contributing mass production, enhanced manufacturing method and ease in fiber processing are the major factors boosting the business demand. AFT/ATP will exhibit over 4.5% CAGR up to 2024. Shifting trend towards advanced production process along with automation offering reduced processing time is attributed to product growth.
In 2016, North America aircraft thrust reverser market led by the U.S. contributed over 55% of the business share. The dominance can be credited to notable deliveries from the manufactures coupled with superior demand for single aisle airplanes in the region. The U.S. exports for airplanes and spacecraft accounted over USD 130 billion in 2015. Europe led by France, UK and Germany will witness significant growth in the exports over the forecast timeframe. Germany, UK and France collectively contributed around USD 115 billion in 2015.
Asia Pacific led by Japan, India and China will witness robust growth up to 2024. This can be attributed to high demand for single aisle & widebody, proliferating passenger traffic, and regional deliveries. Growing population coupled with affordable air tariffs are the prime factors supporting the industry growth. Developing GDP, affordability, industry consolidation and stable economic performance will positively drive the aircraft thrust reverser market from 2017 to 2024.
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Triumph Group, GKN Aerospace, Safran S.A., Nordam and UTC Aerospace Systems are among notable participants. Industry players are developing products sufficing the weight standards along with rigidity sufficing the aviation standards. Sharing risk with the air plane producers are the prime strategy implemented by the players in the aircraft thrust reverser market.
Glimpse of Table of Content (ToC)
Chapter 3. Aircraft Thrust Reverser Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.4. Pricing analysis
3.4.1. By region
3.5. Cost structure analysis
3.6. Technology landscape
3.7. Regulatory landscape
3.8. Industry impact forces
3.8.1. Growth drivers
22.214.171.124. North America
126.96.36.199. Asia Pacific
3.8.2. Industry pitfalls & challenges
3.9. Innovation & sustainability
3.10. Aircraft and spacecraft export by region
3.11. Aircraft backlog by region
3.12. Growth potential analysis
3.13. Porter’s analysis
3.14. Competitive landscape, 2016
3.14.1. Company market share analysis
3.14.2. Strategy dashboard
3.15. PESTEL analysis
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Aircraft Thrust Reverser Market Size in Electric Segment is Expected to Grow At A CAGR of 5.5% by 2024
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