USD 2.55 billion
Aircraft Thrust Reverser Market Size, Share, Growth Analysis, By Aircraft(Commercial, Narrow-body), By Product(Cascade, Pivot), By Mechanism(Hydraulics, Electrical) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2220 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
92 |
Figures:
76
Aircraft Thrust Reverser Market Insights
Global Aircraft Thrust Reverser Market size was valued at USD 2.55 billion in 2.64 and is poised to grow from USD 2.64 billion in 2023 to USD 3.48 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
A number of important trends are driving consistent expansion in the worldwide airplane thrust reverser market. One noticeable trend is the aviation sector's growing need for fuel economy and lower carbon emissions. Thrust reversers play a significant role in attaining shorter landing distances and more effective deceleration, which eventually results in fuel savings and decreased environmental impact. Aircraft manufacturers and airlines are always seeking methods to improve operational efficiency.
The growing acceptance of modern aircraft with superior thrust reverser systems, like the Boeing 787 and Airbus A350, is another noteworthy development. These contemporary airplanes use cutting-edge materials and designs that boost performance and need less maintenance. The COVID-19 pandemic's effects on the aviation sector and the expensive cost of research and development for new thrust reverser technologies are two hurdles the market must overcome. These issues have temporarily hindered market growth. Additionally, producers in the aviation thrust reverser market face a constant struggle as a result of the demand for constant innovation to satisfy strict environmental standards and noise reduction criteria.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hydraulics
Fastest Growth
Electrical
Growth Rate
3.5% CAGR
Global Aircraft Thrust Reverser Market ($ Bn)
Country Share for North America Region (%)
Global Aircraft Thrust Reverser Market By Mechanism ($ Bn)
Global Aircraft Thrust Reverser Market By Mechanism (%)
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Aircraft Thrust Reverser Market Segmental Analysis
The global aircraft thrust reverser market is segmented on the basis of product, aircraft, manufacturing process, mechanism, region. By product, the market is segmented into cascade, pivot, bucket. By aircraft, the market is segmented into commercial, narrow-body, wide-body, regional, business, military. By manufacturing process, the market is segmented into hand layup, ATL/AFP, resin infusion, others. By mechanism, the market is segmented into hydraulics, electrical. By region, the market is segmented into North America, Europe, Latin America, Asia-Pacific, Middle East and Africa.
Analysis By Product
The global aviation thrust reverser market has previously been dominated by cascade-type reversers. Many different commercial and regional aircraft use these thrust reversers. Their basic operating concept entails inserting a number of panels or vanes into the exhaust stream to reroute it forward and produce reverse thrust. Reduced landing distances, a crucial safety and operational factor in aviation, are made possible by this redirection of exhaust airflow. For improving aircraft deceleration while landing, cascade thrust reversers are recommended due to their dependability, efficacy, and track record of success.
While this has been happening, bucket-type thrust reversers have also become increasingly common, especially on bigger commercial planes like wide-body jets. These reversers work by deploying two doors that open into the exhaust stream and steer it forward to produce a significant amount of reverse thrust. With its powerful reverse thrust capabilities, bucket reversers are frequently used in twin-aisle aircraft to ensure safe and effective landings. They are an essential part of aviation safety because of their capacity to quickly slow airplanes, particularly in bad weather.
Analysis By Mechanism
According to the mechanism, the hydraulics and electrical sectors make up the two main subgroups of the worldwide aviation thrust reverser market. The global airplane thrust reverser market has historically been dominated by hydraulics. Due to their proven durability and durable performance, hydraulically driven thrust reversers have found widespread use, particularly on commercial aircraft. Hydraulics provide the required force and speed for the proper deployment of thrust reversers during landing, guaranteeing safe and efficient aircraft deceleration. The considerable track record of hydraulic systems in aviation applications has cemented their position as the top option for actuating thrust reversers.
On the other hand, electrical methods for thrust reversers are becoming more and more common, especially in newer aircraft and as part of initiatives to improve fuel efficiency and reduce maintenance requirements. Significant benefits of electrical systems include easier installation processes, less weight, and possibly lower maintenance expenses. These benefits have encouraged an increase in the use of electrical mechanisms in more recent aircraft types. Although hydraulics still rule the market, the use of electrical mechanisms is expected to increase as a result of aircraft manufacturers' continued efforts to find ways to increase aircraft performance and efficiency. The particular aircraft model and its operating requirements frequently dictate whether to use hydraulic or electrical mechanics.
Global Aircraft Thrust Reverser Market By Mechanism, 2023 (%)
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Aircraft Thrust Reverser Market Regional Insights
North America has held a significant share of the global aircraft thrust reverser market in the past years and is projected to follow the same suit over the coming years. The United States is projected to lead revenue generation for aircraft thrust reverser companies operating in the North American region. Presence of a robust commercial aviation industry and growing spending on military aviation are forecasted to boost market growth in North America. A strong supply network coupled with the presence of aviation giants such as Boeing in this region also makes this a highly remunerative space for aircraft thrust reverser companies.
Rapid expansion of the aviation sector in Asia Pacific makes it the region that will witness the fastest growth in the world. This can be singlehandedly linked to the rising number of air travelers in countries such as India, China, and Japan. Low airfares and increasing tourism activity in the Asia Pacific region are estimated to catalyze demand for airplanes, which in turn, is projected to benefit aircraft thrust reverser sales as well. Increasing military budgets and rising spending on military aircraft in the Asia Pacific region are also projected to make this a highly attractive region for aircraft thrust reverser companies in the future.
Global Aircraft Thrust Reverser Market By Region, 2024-2031
- Largest
- Fastest
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Aircraft Thrust Reverser Market Dynamics
Drivers
Increase in Aircraft Fleet
- Airlines are upgrading their fleets with more technologically advanced and fuel-efficient aircraft types, especially in growing markets. This fleet expansion necessitates fitting these new aircraft with cutting-edge thrust reverser systems, which will spur market expansion.
Safety Guidelines
- Rising focus on safety in the aviation industry and the implementation of stringent aviation safety mandates around the world are boosting the demand for trustworthy thrust reversers. Aircraft thrust reverser manufacturers are investing in the advancement of thruster technology to comply with evolving safety norms.
Restraints
High R&D Costs
- Developing and manufacturing aircraft thrust reversers is a very capital-intensive task, which could restrict new companies from investing in this marketplace. Aviation is already an expensive industry and the high costs of advanced aircraft thrust reversers are also projected to hamper market growth in the long run.
High Focus on Sustainability
- Growing adoption of sustainable practices in aviation and the rising availability of new airplanes using novel propulsion technologies to reduce their carbon footprint are estimated to hurt conventional aircraft thrust reverser sales going forward.
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Aircraft Thrust Reverser Market Competitive Landscape
Major aircraft thrust reverser companies account for a lion’s share in the global aircraft thrust reverser marketplace and this can directly be attributed to their continual investments and focus on innovation in the aviation industry. Leading aircraft thrust reverser manufacturers are investing heavily in the research and development of advanced aircraft thrust reverser technologies. The substantial expertise of major firms in aeronautical engineering and their rising focus on partnerships with top airline companies also highlight the competitive landscape for aircraft thrust reverser space.
Safran S.A., Collins Aerospace, and Spirit AeroSystems are some of the leading market players that are making their money by creating innovative aerospace equipment for different applications. Safran, the French multinational company is one of the most prominent suppliers of aircraft thrust reversers in the North American and European regions. Collins Aerospace, a division of Raytheon Technologies Corporation, is also known around the world for its novel propulsion systems and aircraft thrust reversers.
Top Player’s Company Profiles
- Safran S.A. (France)
- Collins Aerospace (United States)
- Spirit AeroSystems (United States)
- Woodward, Inc. (United States)
- FACC AG (Austria)
- UTC Aerospace Systems (United States)
- Nexcelle (France)
- Liebherr Group (Switzerland)
- RUAG Group (Switzerland)
- Aernnova Aerospace (Spain)
- GKN Aerospace (United Kingdom)
- Daher (France)
- Barnes Group Inc. (United States)
- Curtiss-Wright Corporation (United States)
- Piper Aircraft, Inc. (United States)
- Middle River Aircraft Systems (United States)
- Ducommun Incorporated (United States)
- Kaman Aerospace Corporation (United States)
- AMETEK, Inc. (United States)
- Triumph Group, Inc. (United States)
Recent Developments
- In April 2024, Air France Industries KLM Engineering & Maintenance (AFI KLM E&M), a globally renowned multi-product MRO services provider, proudly announced a significant partnership with Hawaiian Airlines. This collaboration strengthens AFI KLM E&M's position as a leading provider of customized solutions in the aviation sector. The partnership entails a ten-year term contract, with the possibility of a two-year extension, covering comprehensive component support for Hawaiian Airlines' recently acquired Boeing 787-9 fleet.
- In November 2023, Lufthansa Technik Middle East (LTME) and Gulf Air revealed a strategic partnership focused on enhancing their aircraft maintenance capabilities. This collaboration was formalized with the signing of a memorandum of understanding (MoU) at the Dubai Airshow 2023, underscoring their dedication to cooperation and the sharing of expertise.
- In November 2023, Gulf Air, Bahrain's national carrier, disclosed a strategic collaboration with Lufthansa Technik Middle East (LTME), a top aircraft maintenance, repair, and overhaul (MRO) company. This partnership aims to enhance their individual competencies in aircraft maintenance through mutual support and knowledge exchange.
Aircraft Thrust Reverser Key Market Trends
- Reversing thrust electric motors: In a bid to reduce the carbon footprint, airplanes are now being equipped with electric systems to make them more greener, efficient, and lighter. The rising incorporation of sustainability in aviation is estimated to benefit sales of reversing thrust electric motors.
- Retrofitting: Evolving safety and emission mandates are pushing airline companies to focus on upgrading their aircraft by retrofitting older airplanes with advanced thrust reverser systems. This trend is particularly beneficial for aftermarket providers of aircraft thrust reversers.
- Automation in Aviation: Growing adoption of automation in the aviation industry to improve safety and boost overall aircraft efficiency is projected to create new opportunities for aircraft thrust reverser companies. High use of advanced digital technologies and demand for better aircraft control are estimated to promote the integration of automation for aircraft thrust reversers.
Aircraft Thrust Reverser Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Aircraft Thrust Reverser Market analysis, as a result of factors including the rise in air travel, rising demand for fuel-efficient aircraft, and strict rules for safety and noise reduction, the worldwide aircraft thrust reverser market is undergoing dynamic developments. Established businesses with expertise in the production and development of thrust reverser systems continue to rule the industry. However, more recent innovations like electrical actuation mechanisms are slowly gaining popularity and promise benefits in weight loss and management.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.55 billion |
| Market size value in 2031 | USD 3.48 billion |
| Growth Rate | 3.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aircraft Thrust Reverser Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aircraft Thrust Reverser Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aircraft Thrust Reverser Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Thrust Reverser Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Thrust Reverser Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Thrust Reverser Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Aircraft Thrust Reverser Market Report Snapshots
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