Aircraft Thrust Reverser Actuation Systems Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40892
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The aircraft thrust reverser actuation systems market has the potential to grow by USD 174.59 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.45%.

This aircraft thrust reverser actuation systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (commercial aircraft, business jet, and military aircraft) and geography (North America, Europe, APAC, South America, and MEA). The aircraft thrust reverser actuation systems market report also offers information on several market vendors, including Arkwin Industries Inc., Diakont Advanced Technologies Inc., General Electric Co., Honeywell International Inc., Parker Hannifin Corp., Raytheon Technologies Corp., Safran SA, Technodinamika Holding Co., Triumph Group Inc., and Woodward Inc. among others.

What will the Aircraft Thrust Reverser Actuation Systems Market Size be in 2021?

Aircraft-Thrust-Reverser-Actuation-Systems-Market-Market-Size-2020-2025

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Aircraft Thrust Reverser Actuation Systems Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The need for thrust reversers to tackle adverse climatic conditions during landing is notably driving the aircraft thrust reverser actuation systems market growth, although factors such as delay in delivery due to technical glitches may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aircraft thrust reverser actuation systems industry get your FREE report sample now.

  • The need for thrust reversers 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 if the main breaks fail during landing.
  • Thrust reversers provide an additional stopping force on slippery and wet runways.
  • 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.
  • 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.

This aircraft thrust reverser actuation systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Aircraft Thrust Reverser Actuation Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Arkwin Industries Inc.
  • Diakont Advanced Technologies Inc.
  • General Electric Co.
  • Honeywell International Inc.
  • Parker Hannifin Corp.
  • Raytheon Technologies Corp.
  • Safran SA
  • Technodinamika Holding Co.
  • Triumph Group Inc.
  • Woodward Inc.

 

The aircraft thrust reverser actuation systems market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aircraft thrust reverser actuation systems market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Aircraft Thrust Reverser Actuation Systems Market?

Aircraft-Thrust-Reverser-Actuation-Systems-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the aircraft thrust reverser actuation systems market in North America. Market growth in this region will be faster than the growth of the market in Europe, South America, and MEA.

The rising spending in the military aircraft market and the growing demand for fuel-efficient, newer-generation commercial aircraft will facilitate the aircraft thrust reverser actuation systems market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Aircraft Thrust Reverser Actuation Systems Market?

Aircraft-Thrust-Reverser-Actuation-Systems-Market-Market-Share-by-Application-2020-2025

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The aircraft thrust reverser actuation systems market share growth by the commercial aircraft segment is expected to be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft thrust reverser actuation systems market size.

 

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What are the Key Factors Covered in this Aircraft Thrust Reverser Actuation Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aircraft thrust reverser actuation systems market growth during the next five years
  • Precise estimation of the aircraft thrust reverser actuation systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aircraft thrust reverser actuation systems industry across North America, Europe, APAC, South America, and MEA
  • A thorough 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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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The aircraft thrust reverser actuation systems market growth will increase by $202.73 million during 2019-2024.
The aircraft thrust reverser actuation systems market is expected to grow at a CAGR of 7.54% during 2019-2024.
Technavio has segmented the aircraft thrust reverser actuation systems market by type (Commercial aircraft, Business jet, and Military aircraft) ,distribution channel (Offline distribution channel and Online distribution channel) , and geographic (North America, Europe, APAC, South America, and MEA).
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. are a few of the key vendors in the aircraft thrust reverser actuation systems market.
North America will register the highest growth rate of 37.04% among the other regions. Therefore, the aircraft thrust reverser actuation systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the aircraft thrust reverser actuation systems market growth are:
  • Need for thrust reverser to tackle adverse climatic conditions during landing
  • Additive manufacturing for thrust reverser actuation system components
The aircraft thrust reverser actuation systems market vendors should focus on grabbing business opportunities from the commercial aircraft segment as it accounted for the largest market share in the base year.
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