Aircraft Thrust Reverser Market size valued at USD 2.3 billion in 2019 and is projected to exhibit over 2.5% CAGR from 2020 to 2026

Aircraft Thrust Reverser Market Size
Aircraft Thrust Reverser Market size was worth USD 2.3 billion in 2019 and is anticipated to witness over 2.5% CAGR from 2020 to 2026.

Aircraft thrust reverser is one of the engine nacelle systems, which is installed at the exhaust, to reverse the gas flow efficiently in order to decelerate. Thrust reverser is installed in latest aircrafts as there is increased airliners attention given towards providing safety to the travelers. These trends will definitely propel the aircraft thrust reverser market revenue. Another major market growth facilitators are soaring air travel and utilization of narrow-body aircrafts in the Asia Pacific region.

To obtain major market trends

Though the market is receiving considerable attention, the difficulties related to its high installation & maintenance cost will decelerate the industry growth. Moreover, aircraft industry is also experiencing tough challenges from continuous COVID-19 pandemic. Major aircraft manufacturers have closed their plants in the U.S., which is expected to impact the market growth. Also, the aircraft thrust reverser pricing will have a negative impact between 2020 and 2021 due to steep reduction in the aircraft production rate and deliveries.

Aircraft Thrust Reverser Market Report Attributes
Report Attribute Details
Base Year 2019
Aircraft Thrust Reverser Market Size in 2019 2.30 Billion (USD)
Forecast Period 2020 to 2026
Forecast Period 2020 to 2026 CAGR 2.6%
2026 Value Projection 2.26 Billion (USD)
Historical Data for 2016 to 2019
No. of Pages 175
Tables, Charts & Figures 272
Segments covered Aircraft, Product, Manufacturing Process, Mechanism, Region
Growth Drivers
Availability of high number of aircraft manufacturers in North America
Government support for creating effective production technologies in Europe
Rising aircraft deliveries and new orders in Asia Pacific
Emergence of low-cost carriers in Latin America
Rising importance of fleet upgradation and surging business jet demand in Middle East & Africa
Pitfalls & Challenges
Rising importance of fleet upgradation and surging business jet demand
Heavy installation and maintenance expense
What are the growth opportunities in this market?

Growing airworthiness of commercial aircrafts will propel the aircraft thrust reverser market demand
Narrow-body aircraft segment is expected to earn over USD 1 billion revenue by the year 2026. Aviation companies are engaging in strategic alliances to develop and design thrust reverser for single-aisle aircraft that is enhancing the share of the segment. Additionally, growing short to medium haul air travel demand around the world will propel deliveries of narrow-body aircraft, which in turn will accelerate penetration of thrust reversers in aerospace industry.

Aircraft Thrust Reverser Market Analysis
Discover more about the dominant segments influencing this market

Cascade reverser will contribute over 70% revenue share of the total global market until 2026. This supremacy can be attributed to its characteristics like superior aerodynamic performance and enhanced looks. Increased commercial aircraft production is expected to mandate this product’s demand.

Hand layup production process is likely to command significant aircraft thrust reverser market share in the future. This is due to its cost efficiency and fault-free operation. Greater design flexibility and increased fiber content in the hand layup process is also enhancing its popularity among the aircraft thrust reverser producers.

Hydraulics segment is expected to lead the market share throughout the forecast period. This leadership can be attributed to its minimal installation cost. This mechanism also leads to increased accuracy during flight takeoff and landings, having a positive impact on the market revenue.

Discover more about the dominant segments influencing this market

North America is anticipated to retain a major part of the worldwide aircraft thrust reverser market as a result of growing aircraft deliveries from the region. The region contributes considerable share of aircraft manufacturing in the globe. In addition, the concentration of high number of aircraft manufacturers is driving the growth of the market in the region.

Aircraft Thrust Reverser Market Share

Major players in the market are

• Bombardier
• Safran
• UTC Aerospace System
• The Nordam Group
• GKN Aerospace

These players enter long term supply contracts with key aircraft manufacturers for supplying various parts and components including thrust reversers, engine nacelles, etc.