Aircraft Thrust Reverser Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to aircraft thrust reverser market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Aircraft Thrust Reverser Market News

  • 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. 

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Global Aircraft Thrust Reverser Market size was valued at USD 2.64 billion in 2023 and is poised to grow from USD 2.73 billion in 2024 to USD 3.6 billion by 2032, growing at a CAGR of 3.5% during the forecast period (2025-2032). 

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. (France) ', 'FACC AG (Austria) ', 'Collins Aerospace (United States) ', 'Woodward, Inc. (United States) ', 'Honeywell International Inc. (United States) ', 'United Technologies Corporation (United States) ', 'Boeing Company (United States) ', 'Airbus S.A.S. (France) ', 'Triumph Group, Inc. (United States) ', 'GKN Aerospace (United Kingdom) ', 'Meggitt PLC (United Kingdom) ', 'Liebherr Group (Switzerland) ', 'Aernnova Aerospace S.A. (Spain) ', 'Barnes Group Inc. (United States) ', 'Ducommun Incorporated (United States) ', 'Korean Air Aerospace Division (South Korea) ', 'MTU Aero Engines AG (Germany) '

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.

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.

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.

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Global Aircraft Thrust Reverser Market
Aircraft Thrust Reverser Market

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