Aircraft Nacelle Market was valued at USD 1,530 million in 2020 and expected to grow at higher CAGR due to rise in air passenger traffic, cargo traffic, modernization & innovations in aircrafts.

Introduction of the Aircraft Nacelle Market Report

Aircraft engine nacelles combine several materials such as titanium alloys, composites, nickel-chromium, stainless steel, and aluminum alloys. It is a high-tech hybrid system with integrating thrust reverser and thus helps in protecting & holding the engine and optimizing the air flows through the engine.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global Aircraft Nacelle Market include rise in air passenger traffic, cargo traffic, modernization & innovations in aircrafts coupled with subsequent increasing demand for new aircraft which are expected to boost the growth of the global aircraft engine nacelle market during the forecast period. For instance, according to Federal Aviation Administration in 2020, Air Traffic Organization provided service to more than 45,000 flights and 2.9 million airline passenger every day in U.S. Moreover, the growth of nacelle is attributed to various factors such as protection from fire and better safety for different types of aircrafts namely mainline commercial jets, regional jets, and business jets, driving the growth of this market. Additionally, it also includes deicing fluid and management of external & internal temperature differences, and aesthetic appearance of the aircrafts further boost the growth of this market. Additionally, due to rise in technological advancement, many company are focusing on R & D which further boost the growth of this market. For instance, Collins Aerospace has introduced an Advanced Perforate Technology which can produce repeatable, small hole perforations, which reduces the aerodynamic drag and improves noise attenuation for nacelle inlets and thrust reversers.

Restraint in the Aircraft Nacelle Market

However, high cost which is associated to procure aircraft engine nacelles are hampering the growth of this market. Moreover, the repairing and remoulding of aircraft nacelle part in airline engine is difficult which further hampering the growth of this market.

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Material – Segment Analysis

Based on the Material, aluminium alloys segment is expected to grow at a higher CAGR rate in the global aircraft nacelle market during the forecast period owing to its corrosion and ductility ability. Moreover, aluminium is well known for its strength purpose which attribute to provide high strength and excellent resistance to fatigue. Thus, these factors will boost the growth of this segment.

End User – Segment Analysis

Based on the End User, original equipment manufacturer projected to grow at a higher CAGR rate in the global aircraft nacelle market during the forecast period. In the aviation industry, aircraft are being manufactured and are delivered to airlines with aircraft nacelle technology installed in aircraft. Original Equipment Manufacturers are responsible for installing the aircraft nacelle components. This is a suitable alternative for airline companies, as after delivery of aircraft, aftermarket modification becomes difficult for aircraft manufacturers. Thus, this factor will boost the growth of this market.

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Regional – Segment Analysis:

Based on the region, North America region is expected to grow at a higher CAGR rate in the global aircraft nacelle market during the forecast period owing to high demand for new aircraft and rise in aircraft passenger and replacement of aging fleets boost the growth of this market. For instance, according to Federal Aviation Administration in 2020, the passenger fly ever day in and out of the U.S airports accounted for 2 million every day. Moreover, the presence of leading players in this region such as Nexcelle, United Technologies Corporation etc, will further boost the growth of this market.

Top Market Players

Various notable players operating in the market, include, Safran, Raytheon Technologies Corporation, Leonardo S.p.A, Bombardier, ST Engineering, Nexcelle, GKN Aerospace Services Limited, Triumph Group, Aernnova Aerospace S.A, Barnes, among others.

Key Developments:

• • In Feb 2020, Lufthansa Technik come into contract with Boeing Company alone with airbus to supply the various components which are used to build engine nacelle. These are being used in A350.
  • In Oct 2019, Safran has provided nacelle systems for Gulfstream Aviation’s G700 business jet. This contract has enabled the company to expand its customer base globally.

Segments covered in the Report:

The global Aircraft Nacelle Market has been segmented on the basis of Material, End User, Type, and regions. Based on Material, the market is segmented into Stainless Steel, Titanium Alloys, Nickel Chromium, Composites and Aluminum Alloys.  Based on End User, the market is segmented into Original Equipment Manufacturer and Maintenance, Repair and Operations. Based on Type, the market is segmented into Rear Mounted Nacelle, Pylons Under Wing and Clipped at Wing.

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Key questions answered in this research report:

• • At what pace is global Aircraft Nacelle Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Aircraft Nacelle Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Aircraft Nacelle Market?
  • Which Material generated maximum revenues in 2020 and identify the most promising Material during the forecast period?
  • What is the various End User of global Aircraft Nacelle Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 1,530 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Material, By End User, By Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Safran, Raytheon Technologies Corporation, Leonardo S.p.A, Bombardier, ST Engineering, Nexcelle, GKN Aerospace Services Limited, Triumph Group, Aernnova Aerospace S.A, Barnes, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Aircraft Nacelle Market by Material

• • Stainless Steel
  • Titanium Alloys
  • Nickel Chromium
  • Composites
  • Aluminum Alloys

Global Aircraft Nacelle Market by End User

• • Original Equipment Manufacturer
  • Maintenance, Repair and Operations

Global Aircraft Nacelle Market by Type

• • Rear Mounted Nacelle
  • Pylons Under Wing
  • Clipped at Wing

Global Aircraft Nacelle Market by Region

• • North America Aircraft Nacelle Market (Option 1: As a part of the free 25% customization)
    • North America Aircraft Nacelle Market by Material
    • North America Aircraft Nacelle Market by End User
    • North America Aircraft Nacelle Market by Type
    • US Aircraft Nacelle Market All-Up
    • Canada Aircraft Nacelle Market All-Up
  • Europe Aircraft Nacelle Market (Option 2: As a part of the free 25% customization)
    • Europe Aircraft Nacelle Market by Material
    • Europe Aircraft Nacelle Market by End User
    • Europe Aircraft Nacelle Market by Type
    • UK Aircraft Nacelle Market All-Up
    • Germany Aircraft Nacelle Market All-Up
    • France Aircraft Nacelle Market All-Up
    • Spain Aircraft Nacelle Market All-Up
    • Rest of Europe Aircraft Nacelle Market All-Up
  • Asia-Pacific Aircraft Nacelle Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Aircraft Nacelle Market by Material
    • Asia-Pacific Aircraft Nacelle Market by End User
    • Asia-Pacific Aircraft Nacelle Market by Type
    • China Aircraft Nacelle Market All-Up
    • India Aircraft Nacelle Market All-Up
    • Japan Aircraft Nacelle Market All-Up
    • Rest of APAC Aircraft Nacelle Market All-Up
  • RoW Aircraft Nacelle Market (Option 4: As a part of the free 25% customization)
    • RoW Aircraft Nacelle Market by Material
    • RoW Aircraft Nacelle Market by End User
    • RoW Aircraft Nacelle Market by Type
    • Brazil Aircraft Nacelle Market All-Up
    • South Africa Aircraft Nacelle Market All-Up
    • Saudi Arabia Aircraft Nacelle Market All-Up
    • UAE Aircraft Nacelle Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Aircraft Nacelle Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Safran
  • Raytheon Technologies Corporation
  • Leonardo S.p.A
  • Bombardier
  • ST Engineering
  • Nexcelle
  • GKN Aerospace Services Limited
  • Triumph Group
  • Aernnova Aerospace S.A
  • Barnes