The global aircraft nacelle systems market is estimated to be growing at a CAGR of 6.88% from 2022 to 2027. The market size is predicted to grow to USD 3.97 billion by 2027 from USD 2.84 billion in 2022.
The aircraft nacelle system is an aerodynamic enclosure suitable for clothing engines and interfaces with aircraft structures. The advanced composite system incorporates a thrust inverter to help protect and maintain the engine and optimize airflow through the engine. In addition, the Aircraft Nacelle manages various essential functions, including noise reduction, ice removal, internal and external temperature control, fire and lightning protection, and load absorption between the engine and the pylons.
MARKET DRIVERS:
The use of additive machining in aircraft nacelle systems can help reduce the weight of the aircraft and manufacturing costs due to the reduction of small parts, such as fasteners. However, the integration of this technology in the gondola system is still in the development stage. The trajectory of the global aircraft nacelle systems market is expected to continue with current growth opportunities for new and existing players. Furthermore, as the use of air transport for passengers and transport increases, it will be necessary to increase global air transport. This will indirectly lead to the growth of the global Aircraft Nacelle Systems market.
The aircraft nacelle systems have an engine propulsion system and help reduce vibration, defrosting, and engine noise. The Nacelle system also manages external and internal temperature differences, an essential advantage of airplanes. Nacelle integrators are working with original equipment manufacturers and other industries to develop lightweight gondolas with improved performance. This factor is driving the demand for the global aircraft nacelle systems market. The increase in passenger traffic allows airlines to expand their reach to other locations worldwide. In addition, the average age of airlines is increasing, creating growth opportunities for market players.
MARKET RESTRAINTS:
The new turbofan, which increases fuel efficiency by increasing the bypass ratio, means a giant Nacelle with a larger fan diameter, threatening to offset the benefits of fuel combustion with higher weight and strength. This could be a significant limitation in the global aircraft nacelle systems market. The repair and maintenance of the Nacelle system are complicated, expensive, and essential limitations in the worldwide market of the aircraft nacelle system. The high shipping costs of large Nacelle are hampering the market of aircraft nacelle systems.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2021 to 2027 |
Base Year |
2021 |
Forecast Period |
2022 to 2027 |
Segments Covered |
By Material, Component, End-User, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
This research report on the global aircraft nacelle systems market has been segmented and sub-segmented based on material, component, end-user, and region.
Aircraft Nacelle Systems Market - By Component:
Aircraft Nacelle Systems Market - By Material:
By material, the aluminum alloy segment is presumed to lead the global aircraft nacelle systems market over the forecast period. Metals such as steel, aluminum, and titanium and their alloys are preferred for manufacturing Aircraft Nacelle Systems due to their resistance and durability at high temperatures.
Aircraft Nacelle Systems Market - By End-User:
According to the end-users, the OEM segment in the aircraft nacelle system is expected to experience the most significant growth during the forecast period. In the aviation industry, airplanes equipped with gondola and thrust reversing technology are manufactured and supplied by OEMs.
Aircraft Nacelle Systems Market - By Region:
The Asia-Pacific region is expected to generate the highest demand for the global Aircraft Nacelle Systems Market during the forecast period. This growing demand is mainly due to the increase in the order and delivery of new aircraft due to the rise in the number of passengers in the region. During 2013-2018, the number of passengers in Vietnam, India, Thailand, China, and Indonesia increased by 130.30%, 117.01%, 76.75%, 73.31%, and 40.91%, respectively. As a result, IATA predicts that by mid-2021, China will replace the United States as the world's largest aviation market (in terms of passenger air traffic), India will be third in the world by 2024, and Indonesia will be fourth in number.
Aircraft OEMs the plan to develop strategic expansion plans to increase penetration in the region, which will support the growth of the aircraft nacelles system market. It is also the second country with the highest military spending after North America. In addition, political and geographical tensions in the region have led governments to expand their military capabilities. The military modernization plan to replace the old aircraft is expected to support the sale of transport aircraft, which will lead the market in the coming years.
Key Players:
Safran SA, United Technologies Corporation, GE Aviation, GKN Aerospace, and Bombardier Inc. are some significant companies in the global aircraft nacelles systems market. Boeing, Airbus, and UTC are some of the leading players in the aircraft nacelle systems market. About 1,000 demands for gondolas per year for Boeing and Airbus aircraft.
Recent Market Developments:
Frequently Asked Questions
As per our research report, the global aircraft nacelle systems market was worth USD 2.66 billion in 2021.
Geographically, the APAC regional market is expected to post the fastest CAGR in the global aircraft nacelle systems market from 2022 to 2027.
Based on the material, the aluminum alloys segment accounted for the most significant share in the global market in 2021.
Companies playing a significant role in the global aircraft nacelle systems market are Safran SA, United Technologies Corporation, GE Aviation, GKN Aerospace, and Bombardier Inc.
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