Aircraft Thrust Reverser Market share research by applications and regions for 2017-2024
More Information @ http://bit.ly/2D7tW5v Aircraft Thrust Reverser Market size will expand owing to rise in demand of new airplanes across the globe.
More Information @ http://bit.ly/2D7tW5v
Aircraft Thrust Reverser Market size will expand owing to rise in demand of new airplanes across the globe.
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<strong>Aircraft</strong> <strong>Thrust</strong> <strong>Reverser</strong> <strong>Market</strong> trends <strong>research</strong> <strong>and</strong><br />
projections <strong>for</strong> <strong>2017</strong>-<strong>2024</strong>: Global <strong>Market</strong> Insights,<br />
Inc.<br />
<strong>Aircraft</strong> <strong>Thrust</strong> <strong>Reverser</strong> <strong>Market</strong> in North America is expected to witness significant<br />
growth during the <strong>for</strong>ecast timeframe majorly driven <strong>by</strong> dem<strong>and</strong> in the U.S.<br />
Commercial aircraft inventory in country consist of 4000 narrow body jets, 1000<br />
widebody jets <strong>and</strong> more than 1600 regional jets. U.S. Increasing air passengers, <strong>and</strong><br />
manufacturing of air fleets is expected to drive industry growth in North America.<br />
Dem<strong>and</strong> <strong>for</strong> lightweight thrust reversers, technological advancements <strong>and</strong> increasing<br />
dem<strong>and</strong> <strong>for</strong> commercial planes drives the aircraft thrust reverser market. Increasing<br />
disposable income, travel & tourism industry <strong>and</strong> af<strong>for</strong>dable flight prices creates the<br />
dem<strong>and</strong> <strong>for</strong> commercial airplanes. Increasing dem<strong>and</strong> <strong>for</strong> new commercial planes<br />
will fuel the industry growth during <strong>for</strong>ecast period.<br />
Major production programs such as B737, A320, A350XWB <strong>and</strong> B787,<br />
manufacturers shifting towards lightweight materials <strong>and</strong> focus on per<strong>for</strong>mance<br />
improvement will support the industry growth. In June <strong>2017</strong>, Boeing <strong>and</strong> Airbus<br />
delivered 75 & 64 commercial jets respectively compared to 74 & 64 during the same<br />
period in 2016. Surge in aircraft dem<strong>and</strong> in 2016 has increased backlog <strong>for</strong> airplane<br />
orders. This will drive dem<strong>and</strong> <strong>for</strong> aircraft thrust reverser market in coming years.<br />
<strong>Aircraft</strong> thrust reverser market is divided <strong>by</strong> type as narrow body, medium body <strong>and</strong><br />
wide body. High dem<strong>and</strong> from narrow <strong>and</strong> medium body jets from commercial<br />
aviation will support the industry growth during <strong>for</strong>ecast period. Rising commercial<br />
fleet <strong>and</strong> fuel efficient advance technology airplanes are the growth drivers <strong>for</strong><br />
aircraft thrust reverser market. Wide body jets are increasingly used to cater to<br />
increasing passenger traffic will stimulate the dem<strong>and</strong> <strong>for</strong> study period.<br />
Based on material, the industry is divided in to metal <strong>and</strong> composites. High usage of<br />
composites <strong>for</strong> weight reduction <strong>and</strong> improved product per<strong>for</strong>mance will support the<br />
adoption of composites <strong>for</strong> aircraft thrust reverser during the <strong>for</strong>ecast period.<br />
Increasing use of carbon fibers, glass fiber, ceramics will increase the revenue <strong>share</strong><br />
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from composites. Metals are used in small sub components such as fittings <strong>and</strong><br />
hinges. commonly used metals are stainless steel, aluminum <strong>and</strong> titanium.<br />
Hydraulic <strong>and</strong> electric thrust reversers are majorly used products. Electric thrust<br />
reverser is expected to exhibit increased dem<strong>and</strong> owing to efficient, reliable <strong>and</strong><br />
high-per<strong>for</strong>mance products. Dem<strong>and</strong> from hydraulic product is supported <strong>by</strong> market<br />
penetration in commercial, military <strong>and</strong> business segment.<br />
Asia Pacific is expected to exhibit highest growth rate owing to increasing<br />
commercial fleet. Global manufacturer Boeing <strong>and</strong> Airbus opening assembly plants<br />
in the region will boost the dem<strong>and</strong> <strong>for</strong> aircraft thrust reverser market.<br />
Some of the manufacturers are UTC aerospace system, Triumph group, GKN<br />
aerospace, Spirit aerodynamics, Safran S.A. manufacturers focus on developing<br />
light weight products to gain competitive advantages over the rival companies. Also,<br />
strategic collaborations <strong>and</strong> long-term contracts with OEMs & tier 1 suppliers are<br />
prominent strategies adopted <strong>by</strong> the players.<br />
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