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Aircraft Nacelle Components Market to Reach $9.0 Billion in 2024, Says Stratview Research
As per Stratview Research, . Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB, increasing demand for lightweight aircraft nacelle components, increasing share of wide-body aircraft in commercial aircraft deliveries, rising global aircraft fleet size, and increasing diameter of fan blades of turbofan engines are the major growth drivers of the market.
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The research's findings suggest that , propelled by introduction of fuel-efficient variants of best-selling programs (A320neo and B737 Max). Both the commercial aircraft manufacturers (Boeing and Airbus) are enjoying huge order backlogs (13,048 aircraft units as of 31st December 2018) of their commercial aircraft programs and have incessantly been raising the production rates to meet the growing demand.
Based on material type, There has been an incessant replacement of metals with composite components, owing to their excellent strength-to-weight ratio at a relatively low weight. However,
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As per the study, The highest growth of aircraft nacelle components in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic, opening of assembly plants of Boeing and Airbus for the B737, A320, and A330 aircraft programs, increasing procurement of military aircraft owing to rising defense budget, and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
. Development of lighter nacelle components, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
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This report studies the nacelle components market in the global aircraft industry and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:
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Some of our other premium market reports in the aerospace & defense industry:
by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Jet, and Military Aircraft), by Engine Type (Turbofan Engine, Turboprop Engine and Turbojet Engine), by Material Type (Composites, Nickel Alloy, Titanium, and Others), by Process Type (Hand Layup, Resin Infusion, AFP/ATL, Forming, and Others) and by Region ( North America , Europe , Asia-Pacific , and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
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