Aircraft Engine Nacelle Market Size, Share, Industry Forecast, 2021-2028

 

Aircraft Nacelle Market

The Aircraft Nacelle Market was valued around USD 1,530 million in 2020 and is projected to grow at a robust CAGR over the forecast period (2021-2028).

The factors driving the growth of Aircraft Nacelle Market includes rise in the air passenger traffic around the world, growing use of aircraft nacelles in commercial aircraft and business jets and increasing demand for fuel-efficient and noise-reducing nacelles. According to the report published by Bloomberg, the Global Commercial Aircraft Market is estimated to reach USD 192.76 billion by the end of 2030, expanding at a CAGR of 4.2% over the forecast period (2021-2028), which will boost the Aircraft Nacelle Market size in the approaching years. Moreover, the increasing Government budget on defense and military sector to procure advanced military aircrafts, growing adoption of additive manufacturing technology to produce nacelle systems and rapid growth in the travel and tourism industry, are some of the additional factors supplementing the market growth. As per PRS India, the Indian Air Force (IAF) has allocated INR 48,870 crore to induct modernized Aircraft and Heavy and Medium Vehicles, which will accelerate the demand for aircraft nacelle in India in the coming years.

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However, the growth of Aircraft Nacelle Market is hindered owing to high cost of procuring aircraft nacelles.

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

Material – Segment Analysis

As per the Aircraft Nacelle Market Research Report, the Aluminum Alloys market is anticipated to expand at a remarkable CAGR during the forecast period due to emerging demand for enhanced transportation systems across the globe.

Regional – Segment Analysis

According to the Aircraft Nacelle Market Analysis, the North American region is expected to capture a sizeable market share over the forecast period. Rise in the number of commercial flights, high Government expenditure on Defense budget, technological advancements in nacelles, high per capita income and increasing population growth rates, are some of the important factors augmenting the market growth in North America.

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

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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