Aircraft Exhaust System Market: Information by Engine Type (Turbine Engine System, Piston Engine System and APU System), by Application (Civil Aviation and Military Aviation), by End-User (OEM and Aftermarket) and by Region — Global Forecast till 2023

Market Scenario

Exhaust system comprises pipes, cones and tubes that collects and disposes heat and gases being discharged by the engine without creating a fire hazard or leaking it into the cabin. This system is vital in enhancing performance and reducing noise of the engine. The aircraft exhaust system is necessary for both the engines and the auxiliary power unit (APU). The reciprocatory or piston engine has two types of exhaust systems, namely, collector system, short stack (open) system.

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The growth in global air travel and subsequent demand for new commercial aircraft are key factors projected to drive the growth of the civil aircraft exhaust system market. In addition, rise in defense expenditure and subsequent demand for new combat aircraft drives the growth of military aircraft exhaust system market. However, the existing backlogs in new commercial aircraft deliveries hinders the market growth to a certain extent, whereas developing an effective exhaust system that ensures quieter operation, reduced maintenance and enhanced performance is a challenge faced by the emerging players. Meanwhile factors such as focus on aircraft modernization programs, growing importance for aviation safety and initiatives taken for ensuring safe flight further boosts the service (MRO) requirement and impacts the aftermarket growth. Furthermore, developments in 3D printing technology for manufacturing exhaust system and use of advanced materials and composites in system fabrication offer promising growth opportunities to aircraft exhaust system market players.

The global aircraft exhaust system market is estimated to register a CAGR of more than 7% during the forecast period of 2018 to 2023.

Based on engine type, the turbine engine segment accounted for the largest market share as nowadays, airlines are focusing on procuring turbine engines to increase fuel economy, which ultimately generates component requirement for the same. Based on application, the civil aviation segment accounted for the largest market share owing to the rising number of airliners annually throughout the world. Based on end-user the OEM segment accounted for the largest market share as various aircraft manufacturers are readily integrating these components with their offerings.

North America is the leading region for the global aircraft exhaust system market. Several major aircraft manufacturers (such as Boeing, Bombardier) and exhaust system providers (Esterline, UTC) are present in the region, gaining the region a high market share. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region. Meanwhile, in terms of military aircraft aspect, the US military is likely to receive USD 674 billion in support in 2019 for new fighter jets, Black Hawk helicopters, among others, which indirectly influences the aircraft exhaust system market in this country. Similarly, Canada is set to acquire used F-18 fighter jets from Australia, which generates a further scope of the aftermarket market in this country.

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Key Players

The key players in the global aircraft exhaust system market are Aerobraze Engineered Technologies (a part of Wall Colmonoy Corporation (US)), Aircelle (part of Safran SA (France)), Collins Aerospace (a part of United Technologies Corporation (US)), Doncasters Group Ltd. (UK), Esterline Technologies Corporation (US), GKN Aerospace (UK), Magellan Aerospace Corporation (Canada), Nexcelle (a MRAS/Safran joint venture (US)), Senior Aerospace (US) and Sky Dynamics Corporation (US).

Research Methodology

The market numbers and forecast derived were the outcome of our disciplined research methodology which includes secondary research, primary interviews, followed by data triangulation and validation from our in-house data repository and statistical modeling tools.

Secondary Research

In this process, the data collection was done through various secondary sources, which included annual reports, SEC filings, journals, government association, Aerospace & Defense magazines, white papers, corporate presentations, company websites, some paid databases and many others.

Primary Research

In this process, both demand side and supply side parties were involved to extract genuine facts and insights about market forecast, production, trend, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain have been approached to obtain key information.

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