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Aircraft Thrust Reverser Actuation Systems Market by Type (Target Type, Clam-shell Type, Cold Stream), Type (Mechanism (Electric, Hydraulic), Application (Military Aircraft, Commercial Aircraft, Business Jet): Global Opportunity Analysis and Industry Forecast, 2021-2027

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Aug 2021 | 358 Views
   
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Aircraft Thrust Reverser Actuation Systems Market Outlook – 2027

An aircraft thrust reverser is used to enable rapid de-acceleration while landing an aircraft. This is achieved with the application of a nacelle system that reverses the inflow direction of the engine fan to create additional drag. The deployment of thrust reverser reduces the wear on brakes, facilitating safe landings on short airstrips. The application of thrust reverser actuation systems is spread across military, commercial, and business aircraft model. Aircraft thrust reversers are integrated in the aircraft as a precautionary safety measure. The market has been witnessing a substantial rise in passenger traffic, which is anticipated to boost the growth of the market during the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type,  Mechanism, Application, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)

  Companies covered

Woodward Inc., Diakont Advanced Technologies Inc., Safran SA, UNITED TECHNOLOGIES, Honeywell International, Triumph Group, Technodinamika Holding Co., Arkwin Industries Inc., Parker Hannifin,  Collins Aerospace.

 

COVID-19 Scenario Analysis: 

  • Aircraft thrust reverser actuation systems production is anticipated to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for the companies due to the ongoing pandemic, which will result in major losses across the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted in the revenue generation of the aircraft thrust reverser actuation system companies due to cancellation of flights during the lockdown.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Thrust reversers are essential when it comes to tackling adverse climatic conditions during landing and is considered as a safety measure in aircraft. This precautionary advantage of thrust reversers drives the global demand for aircraft thrust reverser actuation systems market. In addition, the competitive advantages of electric mechanism of thrust reversers over the conventional hydraulic mechanism is proliferating the application of electric mechanism in the global market. The components for thrust reversers such as the nacelle system, and aerodynamic structure have been additionally manufactured by the major players to accelerate the pace of growth for the global market. Moreover, the imposition of new emission regulations in many regions across the globe fuels the demand for new-generation aircraft with inbuilt thrust reverser actuation systems, which in turn is anticipated to positively impact the growth of the thrust reverser actuation systems market.

The global aircraft thrust reverser actuation systems market trends are as follows:

Electrification of thrust actuation systems

The older-generation hydraulically driven thrust reversers are being replaced by electrical thrust actuation systems. Moreover, the electric thrust reversers come up with competitive advantages such as weight reduction, simplified design, elimination of the need to corrosive hydraulic fluid, and low requirement for maintenance. In addition, these electric thrust reverser actuation systems offer better utility and thus are highly preferred in newer generation aircraft. 

Collins Aerospace, manufacturer and supplier of aerospace and defense products, inaugurated the launch of the first electric thrust reverser actuation system TRAS. In the latest offering of electric thrust reverser actuation systems for A350XWB aircraft, it has been claimed by the company that electric TRAS reduces the weight of aircraft by 15-20%, by removing pipework and fluid, which makes a great difference. Such advantages are propelling the growth of the aircraft thrust reverser actuation systems market.

Growth investment coupled with rise in aftermarket sales

The global market for thrust reverser actuation system is highly consolidated, and thus, only a few major market players support the core aircraft programs in military, commercial, and business jets. The marketing is experiencing growth by accelerating investments into electric aircraft, fulfilled by aircraft OEMs and tier-1 suppliers. This ensures the integration of electric thrust reverser actuation systems in the new aircraft programs. The aftermarket sales comprising of component maintenance and system service are expected to experience growth and this is anticipated to help the market players expand their global presence and customer base.

Key Segments Covered:

Segments

Sub-segments

  Type

  • Target Type
  • Clam-shell Type
  • Cold Stream Type

  Mechanism

  • Electric
  • Hydraulic

  Application

  • Military Aircraft
  • Commercial Aircraft
  • Business Jet

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global aircraft thrust reverser actuation systems industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aircraft thrust reverser actuation systems market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aircraft thrust reverser actuation systems market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global aircraft thrust reverser actuation systems market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Aircraft thrust reverser actuation Systems Market Research Report:

  • What are the leading market players active in the aircraft thrust reverser actuation systems market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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