Published Tue, Feb 12th 2019
The report on Aircraft Nacelle Systems Market is a 259-page study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.
Stratview Research has launched a research report on Aircraft Nacelle Systems Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Aircraft Nacelle Systems Market from 2018 to 2023.
This 259-page report is segmented in five ways to provide a 360-degree holistic view. The segments are –
Stratview Research, has presented the study of Aircraft Nacelle Systems Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The key aircraft nacelle system manufacturers are UTC Aerospace Systems, Safran S.A., Spirit AeroSystems, Inc., GE Aviation, GKN Aerospace, Bombardier (Short Brother PLC), and Leonardo S.p.A. Development of lighter nacelle systems, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.
Biggest factor mushrooming the market
The aircraft nacelle systems market is projected to reach an estimated value of US$ 9.8 billion in 2023. The upward trajectory of the aircraft nacelle systems market is expected to continue with vigorous growth opportunities across regions for both existing as well as new players. The biggest factor mushrooming the market for aircraft nacelle systems is an organic growth in aircraft deliveries. Boeing anticipated that there would be total deliveries of 41,030 commercial aircraft worth US$ 6.1 trillion in the global marketplace during 2017-2036. Asia-Pacific and North America would be the biggest demand generators with a combined share of 60.2% of the total commercial aircraft deliveries during 2017-2036. An expected healthy CAGR of 4.7% in air passenger traffic during 2017-2036 will chiefly drive the demand for commercial aircraft. This factor will create a sustainable demand for nacelle systems globally in the foreseeable future.
Raising the production rates
In addition to that, Boeing and Airbus had a combined total order backlog of 13,219 commercial aircraft by the end of 2017. These huge pile of order backlogs of commercial aircraft will allow both airframers to roll out their aircraft continuously for the next nine years at current build rates. However, they have strategically been raising the production rates of their key commercial aircraft programs in order to deliver aircraft to their widespread clients at a shorter period of time. Also, they have been introducing fuel-efficient variants of their best-selling aircraft programs with the purpose to address the biggest requirement of the airline industry, which is the fuel-efficient aircraft.
Airlines’ requirement of fuel-efficient aircraft is also leaving a significant imprint on the aircraft nacelle systems market. Most of the nacelle integrators are closely working with the OEMs and other industry stakeholders in order to develop lightweight nacelles with enhanced performance. This is another factor driving the demand for advanced lightweight nacelle systems.
Large-sized engine fan blades
Another trend stimulating the design of nacelle and its demand is an incessant increase in the diameter of engine fan blades. Major next-generation commercial aircraft are coming with large-sized engine fan blades in order to generate a higher thrust. They are increasingly making engine fan blades for their next-generation aircraft with advanced composites. Nacelle integrators along with OEMs are developing large-sized nacelles to easily accommodate such large-sized fan blades.
Narrow-body aircraft to remain the growth engine
The aircraft nacelle systems market is segmented based on the aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, Business Jet, and Military Aircraft. Narrow-body aircraft is expected to remain the growth engine of the aircraft nacelle systems market during the forecast period, propelled by the introduction of fuel-efficient variants of best-selling programs (A320neo and B737 Max). Both commercial aircraft airframers (Boeing and Airbus) are enjoying huge order backlogs of their key aircraft programs and are increasing the production rates of A320 and B737 to meet the growing demand.
Composite to remain the material of choice
Based on the material type, the aircraft nacelle systems market is segmented as Composites, Nickel Alloys, Titanium, and Others. Composite is expected to remain the material of choice in the aircraft nacelle systems market during the forecast period. There has been an incessant replacement of metals with composite components, owing to their excellent strength-to-weight ratio at a relatively low weight. Titanium material is expected to witness the highest growth in the market during the same period, driven by an increasing penetration, especially in exhaust components.
North America to remain the largest market
Based on the regions, North America is expected to remain the largest aircraft nacelle systems market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The highest growth of aircraft nacelle systems in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus of 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).
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the Aircraft Nacelle Systems Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
o Extensive secondary research,
o Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
o Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
o More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
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