Market Research Report
Global Aircraft Engine Nacelle Market Research Report-Forecast till 2026
|Global Aircraft Engine Nacelle Market Research Report-Forecast till 2026|
Published: April 20, 2020
Market Research Future
Content info: 146 Pages
Delivery time: 1-2 business days
Global Aircraft Engine Nacelle Market is estimated to exhibit a CAGR of 8.98% during the projected period. Aircraft engine nacelles components are comprised of composites, titanium alloys, and nickel-chromium, stainless steel, and aluminum alloys. A nacelle is a crucial element of an aircraft there are various types of nacelle such as rear-mounted nacelle, pylons underwing, and clipped at wing.
Global Aircraft Engine Nacelle Market is anticipated to witness a rapid growth owing to the expansion in air passenger traffic and successive demand for new aircraft, increased demand for fuel-efficient and noise-reducing nacelles, and decrease in the cost of composite materials. However, the market growth is projected to restrain due to the accumulations in aircraft deliveries during the review period.
The Global Aircraft Engine Nacelle Market has been classified by Type, Material, Application, and Region.
Based on type segment, the market has been categorized into a rear-mounted nacelle, pylons under the wing, clipped at wing, and others. Based on material, the market has been segmented into composites, titanium alloys, nickel chromium, stainless steel, and aluminum alloys. Depending on the application segment, the market has been segmented into civil jet aircraft, business jet aircraft, private jet aircraft, and others.
The nickel alloys segment is expected to lead the market with the highest CAGR during the projected period because of good hardness, strength, and corrosion-resistant characteristics. Nickel chromium alloys have been widely used in aircraft owing to the superior corrosion resistance and favorable hardness.
The global aircraft engine nacelle market has been segmented, by region, into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
North America was accounted for the largest market share in 2018 and is anticipated to be the largest market for aircraft engine nacelles during the review period. The high product demand from the major players based in the US and Canada is expected to propel the growth of the regional market. According to the MRFR study, it is evaluated that approximately 10,000 aircraft would be in service in North America by 2035, which is expected to create lucrative opportunities for the players operating in the North America aircraft engine nacelle market.
Furthermore, the growing revenues of airlines headquartered in the region are also expected to expand the growth of the market. However, the ongoing COVID-19 pandemic is anticipated to obstruct the growth of the market in the region.
The major companies covered in the Global Aircraft Engine Nacelle Market are Safran (France), United Technologies Corporation (US), Leonardo SpA (Italy), Bombardier (Canada), ST Engineering (Singapore), Nexcelle (US), GKN Aerospace Services Limited (UK), Triumph Group (US), Aernnova Aerospace S.A. (Spain), and Barnes Group Inc. (US).
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