Global Nacelle and Thrust Reverser Market is Estimated to Reach $2.9 Billion by 2023, Says Accurize Market Research


Posted September 30, 2019 by prajratna226

Global Aircraft Nacelle and Thrust Reverser Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Aircraft Nacelles is one of the main integrators of aircraft engine nacelle system
 
Global Nacelle and Thrust Reverser Market report published by Accurize Market Research forecast that the global market is expected to reach $2.9 billion by 2023; growing at a CAGR of 5.7% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Technological improvements and service life of the propulsion system more reliable and contributes to the reducing weight and maintain capability in aviation sectors to drive the growth of the market

Technological improvements and service life of the propulsion system more reliable and contributes to reducing weight and maintain the capability in aviation sectors fuel the demand for the global nacelle and thrust reverser market. Furthermore, opportunities from various enterprises from emerging markets and new low-drag lightweight nacelles contribute to the cumulative fuel efficiency of aircraft also boost the growth of the market.

Market Segmentation

The global nacelle and thrust reverser market has been bifurcated on the basis of component, material, engine type, end user and geography. The component segment is further segmented into fan cowl, engine cowl, and thrust reverser. The material segment can be bifurcated into aluminium alloys, nickel chromium, stainless steel, titanium alloys, and composites. Furthermore, engine type segment includes turbofan, turboprop and gas turbine. The turbofan engine type is bifurcated into narrow-body aircraft (NBA), wide body aircraft (WBA), very large aircraft (VLA), business jets and regional transport aircraft (RTA). The turboprop is divided into ultralight aircraft and military transport. A gas turbine is bifurcated into the military light helicopter, military attack helicopter, military transport helicopter and a business helicopter. End user segment is further bifurcated into OEM and MRO.

By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S.and Canada are covered under North America wherein Europe covers U.K, Germany, France, Russia, Italy, Switzerland, Austria, and others. Asia-Pacific covers China, India, Japan, and others. RoW covers South America, the Middle East, and Africa.

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Top players in the market

The key players operational in the market includes Safran, UTC, Woodward, Inc., Leonardo S.P.A., Bombardier, Triumph Group, FACC, GKN, Nordam, and Spirit AeroSystems among others.
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Last Updated September 30, 2019