Aircraft Nacelle Systems technologies provide lightweight, low drag architectures to aircraft making them more environment-friendly through higher fuel efficiency and reduced engine noise. These systems are integrated into the design of optimized solutions for various nacelle components, including inlet cowl, fan cowl, thrust reverser, and engine exhaust. The market is driven by multiple advantages offered by these systems, such as noise reduction and reduction in fuel burn. Furthermore, major market players focus on developing more efficient noise attenuating technologies, novel material systems, and lean manufacturing processes to build a solid business-to-business market network.
MARKET SCOPE
The "Global Aircraft Nacelle Systems Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Nacelle Systems market with detailed market segmentation by component, application and geography. The global Aircraft Nacelle Systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Aircraft Nacelle Systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global Aircraft Nacelle Systems market is segmented into Translating Sleeve, Thrust Reverser, Inlet Acoustics, Fan Cowl, Inner Fixed Structure, and Others.
- On the basis of applications, the market is segmented into commercial aviation, military aviation, and private/business jets.
MARKET DYNAMICS
Drivers -
- Rising requirement of environment-friendly aviation systems
- Integration of advanced technologies and manufacturing techniques in aircraft nacelle systems, such as additive manufacturing, ice protection system, and thrust reverser actuation
- Development of new aircraft engines
Restraints -
- Procurement of skilled workforce for advanced technologies
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Aircraft Nacelle Systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Aircraft Nacelle Systems market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT NACELLE SYSTEMS MARKET
The COVID-19 pandemic created a substantial negative impact on the global aviation industry due to the drastic fall in aircraft production. Major aircraft manufacturers, such as Boeing and Airbus, reduced their production forecasts by 50%. For instance, the total airlines' industry revenues dropped by 40% to $328 billion in 2020 due to the declining demand for air travel and wide-scale flight cancellation. Air cargo traffic levels contracted during the pandemic's peak due to weak global trade growth and capacity limitations. However, near-term cargo air traffic has begun to recover and creates a good market for aircraft nacelle systems in the long term. In addition to the near-term impact, the global aviation industry implements longer-term strategies involving reduced capacity, shifting route patterns, and mitigation strategies related to the effects of COVID-19. Moreover, the requirement of nacelle systems in the military aviation sector creates a stable demand in the market and is expected to stabilize the position of major players.
MARKET PLAYERS
The report covers key developments in the Aircraft Nacelle Systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aircraft Nacelle Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Nacelle Systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Aircraft Nacelle Systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cadence Aerospace, LLC
- Du Pont
- GE Aviation
- Gulfstream Aerospace Corp.
- Kawak Aviation
- Melrose Industries
- Raytheon Technologies
- Safran SA
- ST Engineering
- Triumph Group