Oct 16, 2020   SOURCE: BusinessWire

Aircraft Thrust Reverser Actuation Systems Market - Actionable Research on COVID-19|To Tackle Adverse Climatic Conditions During Landing to Boost the Market Growth | Technavio

The global aircraft thrust reverser actuation systems market size is poised to grow by USD 202.73 million during 2020-2024, progressing at a CAGR of almost 8% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Aircraft Thrust Reverser Actuation Systems Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Aircraft Thrust Reverser Actuation Systems Market 2020-2024 (Graphic: Business Wire)

The need for thrust reverser to tackle adverse climatic conditions during landing has been identified as one of the critical aircraft thrust reverser actuation systems market growth drivers. Thrust reversers act as an additional braking system in instances where the main breaks fail during landing. They provide an additional stopping force on slippery and wet runways. For instance, airports located in Europe and North America experience severe ice accumulation on runways, which hinders the smooth landing of aircraft. In such situations, when the wheel brakes and aerodynamic braking systems fail to halt the aircraft, thrust reversers are very effective. Under normal weather conditions, pilots use thrust reversers to reduce the amount of required wheel braking, which helps extend the lifespan of wheel brakes. Moreover, in case of aborted landings and takeoffs, they provide safety and control margins.

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Report Highlights:

  • The major aircraft thrust reverser actuation systems market growth came from commercial aircraft segment. The increase in air passenger traffic due to global economic recovery has fueled commercial aircraft procurement. Moreover, as the airline industry is focused on reducing carbon emission levels, newer-generation fuel-efficient aircraft are replacing aging aircraft. Such developments will drive the global aircraft thrust reverser actuation systems market by the commercial aircraft segment over the forecast period.
  • North America was the largest aircraft thrust reverser actuation systems market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising spending in the military aircraft market and the growing demand for fuel-efficient, newer-generation commercial aircraft have been significantly driving the aircraft thrust reverser actuation systems market growth in this region.
  • The global aircraft thrust reverser actuation systems market is concentrated. Arkwin Industries Inc., Diakont Advanced Technologies Inc., General Electric Co., Honeywell International Inc., Parker-Hannifin Corp., Safran SA, Technodinamika Holding Co., Triumph Group Inc., United Technologies Corp., and Woodward Inc. are some of the major market participants. To help clients improve their market position, this aircraft thrust reverser actuation systems market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the aircraft thrust reverser actuation systems market 2020-2024 is expected to have Negative and Inferior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: https://www.technavio.com/report/report/aircraft-thrust-reverser-actuation-systems-market-industry-analysis

Use of Additive Manufacturing for Thrust Reverser Actuation System Components will be a Key Market Trend

The use of additive manufacturing for thrust reverser actuation system components is one of the critical aircraft thrust reverser actuation systems market trends. Additive manufacturing has helped vendors in producing intricately shaped and lightweight components in a cost-effective manner. The use of 3D printing in the aerospace industry guarantees reduced assembly time, material wastage, and general costs. The Canadian additive manufacturing company Burloak Technologies partnered with Safran Landing Systems, a global vendor in aircraft landing and braking technology, to develop 3D printed aircraft landing gear components. Safran Group, a global player in the aerospace industry, in March 2019, announced the opening of a USD 75.6 million greenfield additive manufacturing unit in Bordeaux, France, to enhance the production of thrust reverser actuation system components.

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Aircraft Thrust Reverser Actuation Systems Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist aircraft thrust reverser actuation systems market growth during the next five years
  • Estimation of the aircraft thrust reverser actuation systems market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the aircraft thrust reverser actuation systems market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aircraft thrust reverser actuation systems market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Commercial aircraft - Market size and forecast 2019-2024
  • Business jet - Market size and forecast 2019-2024
  • Military aircraft - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Arkwin Industries Inc.
  • Diakont Advanced Technologies Inc.
  • General Electric Co.
  • Honeywell International Inc.
  • Parker-Hannifin Corp.
  • Safran SA
  • Technodinamika Holding Co.
  • Triumph Group Inc.
  • United Technologies Corp.
  • Woodward Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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