Aircraft Nacelle Systems Market Projected to Reach US$ 9.8 Billion in 2023


Posted August 24, 2018 by Stratview-Resesarch

The upward trajectory of the aircraft nacelle systems market is expected to continue with vigorous growth opportunities across regions for both existing as well as new players.

 
Most of the nacelle integrators are closely working with the OEMs and other industry stakeholders to develop lightweight nacelles with enhanced performance. This is another factor driving the demand for advanced lightweight nacelle systems.

Major next-generation commercial aircraft are coming with large-sized engine fan blades to generate a higher thrust. They are increasingly making engine fan blades for their next-generation aircraft with advanced composites.
The research’s findings suggest that narrow-body aircraft is expected to remain the growth engine of the global aircraft nacelle systems market during the forecast period
Based on material type, composite is expected to remain the material of choice in the aircraft nacelle systems market during the forecast period. There has been an incessant replacement of metals with composite components, owing to their excellent strength-to-weight ratio at a relatively lower weight. Titanium material is expected to witness the highest growth in the market in the same period, driven by an increasing penetration, especially in exhaust components.
As per the study, North America is expected to remain the largest aircraft nacelle systems market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth in the same period.
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Categories Aerospace , Research , Services
Tags aerospace , aircraft , nacelle system
Last Updated August 24, 2018