The aircraft thrust reverser market is poised to accrue sizeable growth on account of surge in production activities in the aerospace sector. Major airline firms have shifted their focus on upgrading aged airplanes with latest technologies to enhance their efficiency and overall performance. Such initiatives could greatly fuel the demand for aircraft thrust reversers, helping its market record an estimated over USD 2 billion by the year 2026.
Thrust reversers play a crucial role in minimizing the aircraft’s speed during landing, especially in case of severe environmental conditions. Robust economic growth has boosted the requirement for business aircraft in countries across the Middle East & Africa. In a bid to enhance security and operational safety for business airplanes, the General Authority for Civil Aviation (GACA) has mandated rules pertaining to the registration of airplanes under the GACA Operator Certificate. Efforts to improve passenger safety and comfort will further drive aircraft thrust reversers market growth.
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The aircraft thrust reverser market of Asia Pacific is set to witness substantial growth owing to emerging economies and rapidly expanding aerospace sector. Lately, aerospace companies are planning to massively invest in APAC to establish new maintenance and production facilities. Taking 2019 for instance, Boeing revealed its plan to build a production facility for its F/A 18 Super Hornet aircraft in India. Meanwhile, increasing air passenger traffic across countries like China and India are expected to boost the deployment of new passenger aircraft, favoring system demand.
Aircraft thrust reverser market for regional jets have witnessed exponential demand over the years and is estimated to show remarkable growth while registering a CAGR of more than 2% by 2026. Growing intra-regional traffic owing to robust economic growth across countries and increasing consumer spending could play a crucial role in stimulating the demand for regional jets. Apart from its use in regional jets, aircraft thrust reversers are also widely incorporated in commercial, military, and business aircraft.
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Companies operating in the aircraft thrust reverser market are concentrating on forming long-term relationships with airplane manufacturers to expand their consumer base. Citing an instance, Spirit AeroSystems, a Kansas based aerospace firm, formed a healthy relation with Boeing by jointly working on integrated engine structures such as pylons and struts for Boeing airliners. as well as installing nacelle/thrust reversers on Boeing’s 777 and 737 family. Apart from Spirit AeroSystems, other major players in the global aircraft thrust reverser market include FACC AG, CTRM, Safran Leonardo S.p.A., and GKN Aerospace Services Ltd.
Table of Contents (ToC) of the report:
Chapter 1. Methodology and Scope
1.1. Research methodology
1.1.1. Initial data exploration
1.1.2. Statistical model & forecast
1.1.3. Industry insights & validation
1.1.4. Scope, definitions, & forecast parameters
18.104.22.168. Forecast parameters & considerations
1.2. Data sources
22.214.171.124. Paid sources
126.96.36.199. Public sources
Chapter 2. Executive Summary
2.1. Aircraft thrust reverser industry 360° synopsis, 2016 - 2026
2.1.1. Business trends
2.1.2. Aircraft trends
2.1.3. Product trends
2.1.4. Manufacturing process trends
2.1.5. Mechanism trends
2.1.6. Regional trends
Chapter 3. Aircraft Thrust Reverser Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2026
3.2.1. Impact of COVID-19 on industry landscape
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Profit margin analysis
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