North America aircraft thrust reverser market to attain commendable proceeds over 2017-2024, technologically advanced product designs to impel the regional industry

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As the frequency of air travel has been increasing in the recent years, aircraft thrust reverser market has gained robust traction in the transportation space. That to say, despite rising fares and climbing fuel costs, air travel has now become a conceivable mode of transportation. Not to mention, with rising disposable incomes and changing consumer lifestyles, an increasing percentage of people choose to spend vacations at exotic locations, further stimulating the aviation industry trends. In consequence, this has had a commendable impact on the commercialization scale of aircraft thrust reverser market, as these products are critically important components in an aircraft for ensuring efficient deceleration and landing. Since technology plays a major role in improving the design and manufacturing style of these components, aircraft manufacturers have been collaborating with leading players of aircraft thrust reverser industry in order to manufacture highly efficient and advanced reversers. In a recent instance, one of the leading aircraft thrust reverser market firms, Spirit AeroSystems celebrated its delivery of 10,000 fuselage, which includes thrust reversers, to Boeing 737.

U.S. Aircraft Thrust Reverser Market, By Product, 2016 & 2024, (Units)
U.S. Aircraft Thrust Reverser Market, By Product, 2016 & 2024, (Units)

The last couple of decades have witnessed a major evolution in aircraft designs. Modern aircrafts are noted to encompass greater takeoff gross weight and require more runway length for takeoff and landing. To cope with ever increasing airport flow and emergency situations, an increase in demand for reliable deceleration systems has been observed, propelling aircraft thrust reverser market growth. It is also prudent to mention that thrust reverser designs significantly influence engine nacelle weight and wing performance. As these parameters decide the overall operation efficiency and maintenance cost of the overall aircraft, efficient reverser designs contribute a great deal toward aircraft thrust reverser market.

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The material used for the construction of thrust reversers is as important as the design and working mechanism. Research suggests that the weight of thrust reversers account for 30% of the whole nacelle weight. Air leakage and pressure loss caused by thrust reversers can also lead to 1% increase in the flight’s fuel consumption. The chief advantage of using thrust reversers for speed deceleration is that they are not affected by wet weather or icy runways. They can act to enhance aircraft safety in a wide range of conditions. Therefore, efforts are being made by industry players to design and manufacture thrust reversers with lighter materials – especially composites. Another vital factor that may influence this business sphere is airports attempting to restrict noise levels. As manufacturers innovate methods to improve acoustic protection during takeoff and landing by reinforcing the structure and using novel materials, aircraft thrust reverser industry is likely to witness considerable expansion.

Subject to the fact that the region houses numerous industry biggies, North America is projected to account for a prominent share of the overall aircraft thrust reverser market. The presence of a large passenger base and a developed airlines industry has also contributed to the growth of aircraft thrust reverser industry in the region. Europe aircraft thrust reverser market on the other hand, will be driven by countries like Germany, France, Italy, and Russia, where stringent government regulations have been laid across to produce more fuel-efficient aircrafts.

With globally acclaimed regulatory bodies emphasizing on the importance of aviation safety, aircraft thrust reverser industry stands to witness a rising growth potential over 2017-2024. Speaking of safety in fact, it has been observed that runway excursions are one of the most common type of aviation accidents. According to the US National Business Aviation Association, nearly one third of all business aviation accidents are caused by aircrafts overrunning the runway or veering off during takeoff or landing. Efficient thrust reversers can go a long way in mitigating such accidents. Indeed, the rising demand for these products to minimize the occurrence of such mishaps is likely to propel aircraft thrust reverser market size to quite an extent. As per estimates, aircraft thrust reverser industry size is forecast to cross $2.2 billion by 2024.

Author Name : Paroma Bhattacharya