Aircraft Thrust Reverser Market is projected to reach an estimated value of US$ 4,439.7 million in 2022

Launching announcement of a new research report on Aircraft Thrust Reverser Market which is projected to reach an estimated value of US$ 4,439.7 million in 2022- forecasted by Stratview Research. The study provides an in-depth analysis by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and Business Jet), by Product Type (Cascade Type, Pivot Four Door, and Bucket Type), by Material Type (Composites and Metals), by Process Type (Hand Layup, Resin Infusion, AFP/ATL, and Others), by Mechanism Type (Hydraulic and Electric), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.

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Aircraft Thrust Reverser Market: Highlights

The aircraft thrust reverser market is projected to reach an estimated value of US$ 4,439.7 million in 2022. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight thrust reverser; an increased demand for fuel-efficient aircraft; and an advancement in technology of thrust reverser are some of the major growth drivers of the global aircraft thrust reverser market.

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The aircraft thrust reverser market is segmented based on aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and Business Jets. Wide-Body aircraft is expected to remain the growth engine of the global aircraft thrust reverser market during the forecast period of 2017 to 2022. Increasing wide-body aircraft deliveries to support rising passenger traffic, the introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors that are propelling the demand for thrust reversers in the segment.

Based on the product type, the global aircraft thrust reverser market is segmented as Cascade Type, Pivot Four Door Type, and Bucket Type. Cascade is expected to remain the most dominant and fastest-growing product type in the aircraft thrust reverser market during the forecast period of 2017 to 2022, owing to its extensive usage in commercial and regional aircraft programs.

Based on the material type, the aircraft thrust reverser market is segmented as Composites and Metals. Composite is expected to remain the material of choice in the global aircraft thrust reverser market during the forecast period. There has been an incessant replacement of metal components with composite components, owing to their excellent strength-to-weight ratio at a relatively low weight. Metals, such as aluminum, titanium, and stainless steel, are primarily used in small sub-components, such as hinges and fittings.

Based on the region, North America is expected to remain the largest aircraft thrust reverser market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The higher growth of aircraft thrust reverser in Asia-Pacific is mainly attributable to the increasing commercial aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; and upcoming commercial and regional aircraft, such as C919 and MRJ.

The supply chain of this market comprises raw material suppliers, thrust reverser manufacturers, nacelle integrators, engine OEMs, aircraft OEMs, and airline companies. The key aircraft thrust reverser manufacturers are Safran S.A., Spirit Aerosystems, Inc., UTC Aerospace Systems, GKN Aerospace, and Triumph Group, Inc. Development of lighter and optimized aircraft thrust reverser, setting up long-term contracts, and strategic collaborations are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features

The report provides diverse market intelligence with maximum business value.  It gives a condemnatory understanding of the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market.  The key features include the
->industry life cycle and the supply chain analysis of the market structure.
->SWOT analysis, Porter's five forces analysis and Growth Drivers and constraints.
->Market trend and the forecast analysis.
->Forecast of the market segment trend.
->Competitive landscape and dynamics of Market share, product portfolio, product launches, etc.
->Emerging trends of attractive market segments and associated growth opportunities
->Strategic growth opportunities for the existing and new players.
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