Aircraft Thrust Reverser Market explores vigorous size by 2024 - Key Players- Safran, NORDAM, UTC Aerospace Systems, Triumph Group, GKN Aerospace, Spirit AeroSystems

Enhancement of operational safety with installation of thrust reversers are the prime focus area of the manufacturers and service providers. Continuous safety checks of the aeroplane body and engine maintenance will positively boost the aircraft thrust reverser market growth. Complexity in design along with higher cost required for the manufacturing the product may affect the industry growth. Industry participants are focusing on reducing the manufacturing cost with implementation of automated processing of the material and improving the cycle time.

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Growth drivers:

 North America
 Europe
 Asia Pacific
 LATAM
 MEA

In 2016, small widebody aircrafts generated over USD 200 million owing to increasing passenger travel along with rising commercial fleet. Implementation of advanced technologies focusing on adoption of composites for manufacturing thrust reverser will further support the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

 Safran S.A.
 Nordam
 UTC Aerospace Systems
 Triumph Group
 GKN Aerospace
 Spirit AeroSystems

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Regional Analysis:

North America dominates the aircraft thrust reverser market accounting over USD 750 million in 2016. The high revenue generation can be attributed to presence of various industry participants across the region. In addition, presence of strong passenger base in the region will further boost the market demand.

Europe led by Germany, Italy, France and Russia will show significant growth at over 4% during the forecast timeframe. Stringent government regulations focusing on effectivity and higher utilization of the airplane will fuel the aircraft thrust reverser market demand. Industry players are focusing on implementing cost effective solution thereby improving the productivity.

Asia Pacific led by China, Japan, South Korea and Australia is poised to grow at over 6% by 2024. Lower fares, increased flight frequency along with rising preference of air travel are the prime factors driving the industry growth in the region. Positive development in the aviation industry offering superior profit margin are influencing the foreign investment in the region.

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Safran S.A., Nordam, UTC Aerospace Systems, Triumph Group, GKN Aerospace and Spirit AeroSystems are among the prime industry players of aircraft thrust reverser market. Manufacturers are focusing on development of optimized and light weight products sufficing the aerospace standards.

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