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Global Aircraft Nacelle Systems Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Material (Aluminum Alloys, Titanium Alloys, Composites, Nickel Chromium), Component (Fan Cowl, Engine Cowl, and Thrust Reverser), End-User (OEM and MRO), and Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Industry Analysis from 2022 to 2027

Published: January, 2022
ID: 9216
Pages: 175

Aircraft Nacelle Systems Market Size (2022 to 2027)

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:

  • Fan Cowl  
  • Engine Cowl            
  • Thrust Reverser    

Aircraft Nacelle Systems Market - By Material:

  • Aluminum Alloys  
  • Titanium Alloys      
  • Composites            
  • Nickel Chromium  

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:

  • OEM          
  • MRO          

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:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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:

  • In August 2018, Ducommun signed a long-term contract of more than $ 200 million with an original equipment manufacturer (OEM) to manufacture gondola parts. The 10-year agreement is valid until 2029.
  • In July 2017, Safran Nacelles signed a contract with the Satair Group to provide lifetime supply chain service for the A340-500 / 600 engine gondola parts.
  • In August 2019, for commercial aircraft, Airbus SE and The Boeing Company recorded aircraft balances of 7,172 and 5,730, respectively.
  • The GE9X engine for the B777X aircraft is the most powerful and largest commercial jet engine. The engine is housed inside a 14.5-foot-wide gondola of the same size as the Boeing 737 fuselage.
  • Safran has invested approximately 10 million euros in an integrated 8,000 square meter gondola plant for the Airbus A320neo.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods   

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends 

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Aircraft Nacelle Systems Market, By Component  

                                6.1.1 Fan Cowl  

                                6.1.2 Engine Cowl            

                                6.1.3 Thrust Reverser    

    6.1.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Aircraft Nacelle Systems Market, By Material   

                                6.2.1 Aluminum Alloys  

                                6.2.2 Titanium Alloys      

                                6.2.3 Composites            

                                6.2.4 Nickel Chromium  

     6.2.5 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Aircraft Nacelle Systems Market, By End-User   

                                6.3.1 OEM          

                                6.3.2 MRO          

   6.3.3 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

7.1 Global Identity Governance and Administration Market, by Region 

                7.2 North America - Market Analysis (2021- 2027)  

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Material             

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Material             

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Material             

                                7.4.4 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Material             

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Material             

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 Safran SA                     

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 United Technologies Corporation                     

                8.3 The Boeing Company                             

                8.4 GE Aviation                 

                8.5 GKN Aerospace                        

                8.6 Bombardier Inc.                        

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                    a

  1. Global Aircraft Nacelle Systems Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Aircraft Nacelle Systems Market By Component, From 2022 - 2027 ( USD Billion )
  3. Global Fan Cowl Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Engine Cowl Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Thrust Reverser Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Aircraft Nacelle Systems Market By Material, From 2022 - 2027 ( USD Billion )
  7. Global Aluminum Alloys Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Titanium Alloys Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Composites Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Nickel Chromium Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Aircraft Nacelle Systems Market By End-User, From 2022 - 2027 ( USD Billion )
  12. Global OEM Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global MRO Market By Region, From 2022 - 2027 ( USD Billion )

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FAQ's

What was the global market size of the aircraft nacelle systems in 2021?

As per our research report, the global aircraft nacelle systems market was worth USD 2.66 billion in 2021.

Which region is growing the fastest in the global aircraft nacelle systems market?

Geographically, the APAC regional market is expected to post the fastest CAGR in the global aircraft nacelle systems market from 2022 to 2027.

Which segment by material registered the largest share in the global aircraft nacelle systems market in 2021?

Based on the material, the aluminum alloys segment accounted for the most significant share in the global market in 2021.

Who are the promising players in the global aircraft nacelle systems market?

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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