Aircraft Nacelle & Thrust Reverser Market by Component (Nacelle and Thrust Reverser), Material (Metals and Composites), Engine Type (Turboprop, Turbofan, Turbojet, and Piston), Fit Type (Line Fit and Retrofit): Global Market Size Estimates and Forecast (2019–2030)

Code: BMIRE00025793 | Pages: 100 | Industry: Aerospace and Defense | Date: Sep 2022 | Type: Global

The market was valued at US$ 3.9 billion in 2021 and is expected to hit US$ 7.2 billion by 2030, recording a CAGR of 7.4% during the forecast period.

Rising aircraft deliveries has been significantly growing with the high adoption of nacelle and thrust reverser systems.

The growing aircraft deliveries worldwide is one of the major factors propelling the production of new aircraft engines globally and thereby generating the demand for nacelle and thrust reverser systems for line fit segment. For instance, according to the General Aviation Manufacturers Association in Q4 2021, there were around 479 piston engine aircraft were delivered globally compared to 412 piston engine aircraft in Q4 2020. This included new installation of around 958 engines that has driven the line fit demand for nacelle and thrust reverser systems for piston engine aircraft models. Such instances are propelling the market growth of aircraft nacelle and thrust reverser systems globally.

The rising military expenditure across different countries is another major factor that is supporting the procurement of new and advanced military aircraft models by armed forces. This further augment the growth of new installation of aircraft engines which generates new opportunities for nacelle and thrust reverser manufacturing companies across different regions. The manufacturers of defense aircraft models are experiencing rise in demand for their models from defense forces across economies. The modernization strategies adopted by the governments and defense authorities across the world has been catalyzing the order numbers and supply volume. Several military aircraft OEMs have been witnessing a rise in military aircraft orders and delivery volumes. For instance, in 2022, Lockheed Martin Corporation was awarded with a US$ 7.6 billion contract for 129 F-35 Stealth Fighters by US Department of Defense (US DoD). According to the US Department of Defense (DoD), 49 F-35As will be delivered to the US Air Force, while 3 F-35Bs and 10 F-35Cs will be received by the US Marine Corps. Fifteen of the contracted F-35s will shipped to the US Navy, while 32 F-35As and four F-35Bs will be delivered to non-DoD participants. The remaining 16 F-35s will delivered to the US allies under Foreign Military Sales (FMS). Hence, the production of such aircraft are increasing the aircraft engine production and thereby driving the growth of aircraft nacelle and thrust reverser market worldwide.

Within the report, the market is segmented into component, material, engine type, fit type, and geography. By component, the market is further segmented into nacelle and thrust reverser. On the basis of material, the market is bifurcated into metals and composites. By engine type, the market is segmented into turboprop, turbofan, turbojet, and piston. Based on fit type, the market is segmented into line fit and retrofit. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Composite made nacelle & thrust reverser is a far-reaching technology that empowered the growth of futuristic innovations.

The adoption of composite materials in the aerospace manufacturing industry is one of the major trends that is transforming the aircraft manufacturing industry. Composite materials are light weight materials that provide higher strength to weight ratio and allows greater operational efficiency for the whole system. Due to such advantages, the aviation manufacturers are highly adopting the composite materials for manufacturing and replacing the traditional and heavy weight metal parts such as engines, wings, and fuselage components that also includes nacelle systems and thrust reversers. The aircraft engine manufacturers are majorly focusing on the development of composite made nacelle and thrust reverser systems that also allows them to boost their production, as the composite materials take less time to be produced in a shape. Due to such advantages several engine and engine component manufacturers are preferring composite materials to boost their operational efficiency. For instance, in July 2020, Blue Wind (specialized in the manufacturing of composite parts) announced that it has achieved a milestone of producing 1,000 units of nacelle systems in just 28 months of time (since March 2018) with just one mold at their facility.

Several aircraft OEMs are also majorly focusing on reducing the overall weight of the aircraft models to achieve higher fuel efficiency and lesser CO2 emissions from the flight operations. For instance, Boeing’s B787 model had been designed with its base material as composites wherein the overall aircraft volume of B787 is 80% composites. Such aircraft comprises of majority of composite components including nacelle and thrust reverser systems that also provides greater fuel efficiency and very less requirement of MRO operations. Such developments and initiatives are also propelling the aircraft nacelle and thrust reverser market globally.

Get more information on this report :

Recent Strategic Developments in Aircraft Nacelle & Thrust Reverser Market

The aircraft nacelle & thrust reverser market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, Safran signed a 10-year contract to provide nacelle life service to Viva Air Colombia for its Airbus A320neo fleet.
  • In February 2020, ST Engineering secured a five-year maintenance contract from Qantas airways wherein the company will provide nacelle maintenance services starting from 2020 to the airline’s Boeing 737-800 and Airbus A330 fleet.
  • In September 2019, Collins Aerospace (a Raytheon Technologies Company) announced a ten year contract extension for the procurement of thrust reverser systems from FACC as the company supplies carbon fiber composite thrust reverser translating sleeves for engine nacelles on the Boeing 787 Dreamliner and Airbus A350 models.

The aircraft nacelle & thrust reverser market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Bombardier, GKN Aerospace, Leonardo SpA, Safran Group, Spirit AeroSystems Inc., FACC AG, Collins Aerospace, Qarbon Aerospace, Woodward Inc., and Nordam Group are among the prominent players operating in the market.

Target audience for the report:

  • Component providers
  • Aircraft nacelle manufacturers
  • Aircraft thrust reverser manufacturers
  • Aircraft engine manufacturers
  • Material suppliers
  • Military-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Aircraft engine component suppliers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Component:
    • Nacelle
    • Thrust Reverser
  • Material
    • Metals
    • Composites
  • Engine Type:
    • Turboprop
    • Turbofan
    • Turbojet
    • Piston
  • Fit Type:
    • Line Fit
    • Retrofit
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies profiled
    • Bombardier
    • GKN Aerospace
    • Leonardo SpA
    • Safran
    • Spirit AeroSystems Inc.
    • FACC AG
    • Collins Aerospace
    • Qarbon Aerospace
    • Woodward Inc
    • Nordam Group
  • Bombardier
  • GKN Aerospace
  • Leonardo SpA
  • Safran
  • Spirit AeroSystems Inc.
  • FACC AG
  • Collins Aerospace
  • Qarbon Aerospace
  • Woodward Inc
  • Nordam Group
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