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Market Dynamics:
The Aircraft Nacelle and Thrust Reverser Market is expected to promise high growth owing to increasing demand to reduce weight, drag, and fuel consumption of aircraft in recent years. Increasing demand from applications including military, commercial is expected to drive the growth of aircraft nacelle and thrust reverser market. This market has witnessed a number of key developments by major companies including Acorn Welding, Aero Engineering Lt, Aerospace Manufacturing, Inc., Bombardier, Ducommun, D’Shannon Aviation, and others with a focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.
An aircraft nacelle is an essential part of an aircraft, which is responsible for engines’ weight and drag. It is the main contributor to the aircraft’s propulsion system and thrust reverser. An aircraft nacelle is connected to the wing or the body of an aircraft through pylon and is used to divert the aircraft engine’s thrust temporarily to make it move in the backward direction. Moreover, with the introduction of new low-drag lightweight nacelles, the fuel efficiency of aircraft has increased. Furthermore, there has been an increase in airport connectivity across the globe and a decline in fares. All these factors are expected to drive the market for aircraft nacelle and thrust reverser during the forecast period.
Key Factors Impacting Market Growth:
Regional Analysis:
The aircraft nacelle and thrust reverser market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for aircraft nacelle and thrust reverser market during the forecast period. Major countries in these regions include US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region.
The Asia Pacific is estimated to be the fastest growing region with increasing expenditure on defense and space research. With presence of some of fastest growing economies including India and China, this region is projected to be a major market for aircraft nacelle and thrust reverser market during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for aircraft nacelle and thrust reverser market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for aircraft nacelle and thrust reverser market with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.
Companies Covered: Acorn Welding, Aero Engineering Lt, Aerospace Manufacturing, Inc., Bombardier, Ducommun, D’Shannon Aviation, Esterline Technologie, FACC, Franke Industries, GKN, Knisley Exhaust, Leonardo S.P.A., Magellan Aerospace, Nexcelle, Nordam, Power Flow Systems, Inc., Safran Nacelles, Sejong Industrial Co., Ltd, Senior Aerospace, Sky Dynamics, Spirit Aerosystems Inc., ThomasNet, Triumph Group, United Technologies Corporation, and Woodward, Inc…
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