Aircraft Thrust Reverser Market in North America is expected to witness significant growth during the forecast timeframe majorly driven by demand in the U.S. Commercial aircraft inventory in country consist of 4000 narrow body jets, 1000 widebody jets and more than 1600 regional jets. U.S. Increasing air passengers, and manufacturing of air fleets is expected to drive industry growth in North America.
Demand for lightweight thrust reversers, technological advancements and increasing demand for commercial planes drives the aircraft thrust reverser market. Increasing disposable income, travel & tourism industry and affordable flight prices creates the demand for commercial airplanes. Increasing demand for new commercial planes will fuel the industry growth during forecast period.
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Major production programs such as B737, A320, A350XWB and B787, manufacturers shifting towards lightweight materials and focus on performance improvement will support the industry growth. In June 2017, Boeing and Airbus delivered 75 & 64 commercial jets respectively compared to 74 & 64 during the same period in 2016. Surge in aircraft demand in 2016 has increased backlog for airplane orders. This will drive demand for aircraft thrust reverser market in coming years.
Aircraft thrust reverser market is divided by type as narrow body, medium body and wide body. High demand from narrow and medium body jets from commercial aviation will support the industry growth during forecast period. Rising commercial fleet and fuel efficient advance technology airplanes are the growth drivers for aircraft thrust reverser market. Wide body jets are increasingly used to cater to increasing passenger traffic will stimulate the demand for study period.
Based on material, the industry is divided in to metal and composites. High usage of composites for weight reduction and improved product performance will support the adoption of composites for aircraft thrust reverser during the forecast period. Increasing use of carbon fibers, glass fiber, ceramics will increase the revenue share from composites. Metals are used in small sub components such as fittings and hinges. commonly used metals are stainless steel, aluminum and titanium.
Hydraulic and electric thrust reversers are majorly used products. Electric thrust reverser is expected to exhibit increased demand owing to efficient, reliable and high-performance products. Demand from hydraulic product is supported by market penetration in commercial, military and business segment.
Asia Pacific is expected to exhibit highest growth rate owing to increasing commercial fleet. Global manufacturer Boeing and Airbus opening assembly plants in the region will boost the demand for aircraft thrust reverser market.
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Some of the manufacturers are UTC aerospace system, Triumph group, GKN aerospace, Spirit aerodynamics, Safran S.A. manufacturers focus on developing light weight products to gain competitive advantages over the rival companies. Also, strategic collaborations and long-term contracts with OEMs & tier 1 suppliers are prominent strategies adopted by the players.
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