Global Engine Nacelle
Market Report
2024
The Global Engine Nacelle market size is USD 4.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Engine Nacelle market size is USD 4.5 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Engine Nacelle Market Sales Revenue 2022 | $ 4.5 Billion |
Global Engine Nacelle Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Market Split by Product |
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Market Split by End-User |
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Market Split by Material |
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Market Split by Engine Type |
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Market Split by Aircraft Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Engine Nacelle industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Engine Nacelle Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Increased demand for commercial aircraft from rising economies like China and India is anticipated to drive the market. The market is anticipated to expand as a result of upgrading aviation engine nacelles to offer fuel-efficient and noise-reducing nacelles solutions. Due to the increasing demand for, the market is anticipated to expand. 3D-printed aviation engine nacelles.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Engine nacelle industry.
For instance, SAERTEX AND SAFRAN NACELLES signed a long-term agreement on carbon fiber fabrics for aircraft equipment in September 2020. With this deal, two globally active businesses will work together. Safran is a high-tech company with operations in the aerospace (propulsion, equipment, and interiors), defense, and space sectors. Since 1997, SAERTEX has held a DIN EN 9100 certification and is one of the top producers of textile reinforcing materials made of glass, carbon, and aramid fibers.
One of the main drivers fueling the market's expansion is the rise in new aircraft sales worldwide. Airfare demand has risen as more airline firms seek to replace aging aircraft, grow aircraft fleets, and enhance consumer carrying capacity.
According to a report in The New York Times, Boeing's sales grew in 2021 and reached their highest level since 2018. Boeing received orders for 270 new airplanes from numerous airlines, including United Airlines, and Allegiant Air purchased 50 new Boeing 737 MAX aircraft.
Boeing and Airbus, the new owners of Jet Airways, were negotiating the purchase of at least 100 narrow-body aircraft. Amazon bought its first 11 Boeing 737-300 planes to expand its delivery and transportation network in 2021. A PNC article claims that there has been a rise in the purchase of new aeroplanes as a result of the financial crisis's reduction in the supply of old aircraft. According to PNC, of all used airplanes, roughly 6.8% of the heavy jet fleet, 8.5% of the medium jet fleet, and 10.8% of the small jet fleet are up for sale.
(Source:www.nytimes.com/2022/01/11/business/boeings-sales.html)
The world's first integrated hydrogen-electric powertrain nacelle, designed to provide distributed propulsion for various aircraft sizes, has successfully tested at H3 Dynamics, based in Singapore, as aircraft manufacturers invest in and develop hydrogen-powered aircraft to reduce carbon emissions.
Instead of using a single, centralized fuel-cell system on the fuselage, the company's hydrogen propulsion design disperses numerous integrated powertrains in modular nacelles under the wing.
Boom Supersonic and Collins Aerospace Systems agreed to work together to enhance nacelle technology for Boom's next Overture supersonic airliner in November 2020. According to the agreement, the business will develop, construct, and supply the aircraft's inlet, nacelle, and exhaust systems.
(Source:www.collinsaerospace.com/news/news/2020/11/collins-boom-supersonic-announce-strategic-collaboration)
Collins Aerospace experts will collaborate with Boom to develop inlet, nacelle, and exhaust system technologies to reduce fuel burn and enable cutting-edge acoustics for cleaner and quieter supersonic flight. Lightweight aerostructures and flexible nacelle geometry will be used to accomplish this. For over 70 years, Collins Aerospace has provided cutting-edge nacelle technology, including the first commercially available variable fan nozzle for high-bypass-ratio geared turbofan (GTF) engines.
The constraints of high R&D expenses in new technology development for aircraft nacelles and thrust reversers constrain the engine nacelle market. Manufacturers face a problem with high R&D expenses associated with creating new technology for thrust reversers and aircraft nacelles. Fan cowls, engine cowls, and thrust reversers are all components of aircraft nacelles, and thrust reversers require high-quality components that are expensive. In addition, to protect the safety of the crew and passengers aboard, many government laws governing the design, functionality, and specifications of aircraft nacelles, thrust reversers, and their subcomponents must be followed. As a result, several top businesses are engaged in research and development to create technologies that will enable the production of high-performance and high-quality aircraft nacelles, thrust reversers, and their subcomponents. For instance, GKN intends to establish an R&D facility in the US to develop metal powders for use in the
The COVID-19 epidemic has posed several difficulties for industries, including consumer electronics and aviation. Following the COVID-19 epidemic, these industries encountered numerous economic issues. Since the epidemic began, the civil aviation industry has been one of the most severely impacted globally. According to a recent assessment by IATA, the COVID-19 epidemic has had the following financial effects on the aviation industry, broken down by nation.
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The market for engine nacelle has a very active and diverse competitive environment. It comprises various language service providers, from significant multinational corporations to smaller specialized organizations. Due to globalization and technological development, there is fierce competition among businesses to provide cutting-edge solutions, professional translation, interpreting, and language learning services.
June 2021: Spirit AeroSystems and Albany Engineered Composites have officially signed a collaboration agreement to work together to provide a range of industrialized, technologically advanced solutions to support the advancement of hypersonic programs.
(Source:www.spiritaero.com/pages/release/expanding-hypersonic-capabilities/)
January 2020: Woodward and Hexcel joined, hoping their combined businesses might work more effectively and allocate more resources to developing new materials.
Top Companies Market Share in Engine Nacelle Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2022 and accounted for a share of more than 35% of the global revenue due to several variables. The North American region dominates the market for engine nacelle. Increasing product demand from manufacturers in the US and Canada is the main factor driving the regional market expansion. By 2035, it's anticipated that the region will have 10,000 aircraft in service, increasing prospects for companies in the North American aviation engine nacelle market. Additionally, it is anticipated that the rising revenues of airlines with regional hubs will accelerate industry expansion.
During the projection period, the Asia Pacific is anticipated to gain a sizable market share. The Asia Pacific region's rising demand for nacelles with improved fuel economy and less noise is what is driving this market expansion. India's rising demand for commercial aircraft is boosting the market's expansion.
The current report Scope analyzes Engine Nacelle Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Engine Nacelle Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Engine Nacelle Industry growth. Engine Nacelle market has been segmented with the help of its Product, End-User Material, and others. Engine Nacelle market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, a thrust reverser is an item that is utilized the most frequently in the market for engine nacelle. The aircraft's ability to reverse thrust for braking during landing is made possible by the thrust reverser system. It is situated at the rear of the nacelle and is composed of several vanes that may be turned to change the airflow direction.
Aircraft nacelle is the second-most used product. The engine housing assembly, known as the aircraft nacelle, includes the thrust reverser, the inlet cowl, the fan cowl, the core cowl, and the exhaust system.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Engine Nacelle Industry. Request a Free Sample PDF!
According to Cognitive Market Research, OEM is the item that is utilized the most frequently in the market for engine nacelle because the commercial aviation industry is predicted to account for the majority of new aircraft deliveries.
Aftermarket is the second-most used product. While OEM rules the market, the aftermarket is still necessary for some engine nacelle; due to the rising need for maintenance, repair, and overhaul (MRO) services for aircraft nacelles, the aftermarket segment is predicted to grow more quickly across the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Engine Nacelle market report 2024 Edition by contacting our team.
The composites are the engine nacelle market's most popular offering. Fibers like carbon or glass fiber combined with a resin matrix create composite materials. They may be molded into intricate shapes and are robust and lightweight. In nacelle construction, composites are employed more frequently as they offer significant weight savings over conventional materials.
According to Cognitive Market Research, alloys are the second-most popular product. Alloys are durable, lightweight, and resistant to corrosion. They are frequently utilized in the nacelle's exhaust system and other warm areas.
According to Cognitive Market Research, turbofan is the item that is utilized the most frequently in the market for engine nacelle. The most popular aircraft engines, turbofan engines, are found in various aircraft, from large commercial jets to small general aviation aircraft. The need for turbofan engine nacelles is driven by turbofan engines being more effective than other kinds of aviation engines.
Turboprop is the second-most used product. Since turboprops use less fuel than jets, they are a more cost-effective option for short-haul flights. They are a more appealing option for operations in noise-sensitive locations because they are also less noisy than jet aircraft.
According to Cognitive Market Research, fixed-wing, notably in the legal sector, are the most extensively used product in the engine nacelle market. The most prevalent kind of aircraft in the world is fixed-wing. They are employed in general aviation, commercial aviation, and military aviation. The market for engine nacelles is expanding due to the rising demand for fixed-wing aircraft.
The engine nacelle for rotary wing ranks second in usage. Applications for rotary wing aircraft include search and rescue, battling fires, transportation, and military missions. Engine nacelles, the housings that protect the airplane's engines and other parts, are in high demand due to the rising popularity of these aircraft.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Engine Nacelle Market is witnessing significant growth in the near future.
In 2023, the Thrust Reverser segment accounted for noticeable share of global Engine Nacelle Market and is projected to experience significant growth in the near future.
The Original Equipment Manufacturer (OEM) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Safran (France) , FACC AG (Austria) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Thrust Reverser, Aircraft Nacelle, Engine Build-up Unit, Exhaust System |
End-User | Original Equipment Manufacturer (OEM), Aftermarket |
Material | Composites, Alloys, Stainless Steels |
Engine Type | Turbofan, Turboprop, Turboshaft |
Aircraft Type | Fixed Wing, Military Aviation, Rotary Wing |
List of Competitors | Safran (France), Spirit AeroSystems (US), FACC AG (Austria), Barnes Group Inc (US), Woodward (US) |
This chapter will help you gain GLOBAL Market Analysis of Engine Nacelle. Further deep in this chapter, you will be able to review Global Engine Nacelle Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Engine Nacelle Market Trends North America Engine Nacelle Technological Road Map North America Engine Nacelle Market Drivers North America Engine Nacelle Market Restraints North America Engine Nacelle Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by End-User Analysis 2019 -2031
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Chapter 12 Market Split by Material Analysis 2019 -2031
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Chapter 13 Market Split by Engine Type Analysis 2019 -2031
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Chapter 14 Market Split by Aircraft Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Engine Nacelle market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Thrust Reverser have a significant impact on Engine Nacelle market? |
What are the key factors affecting the Thrust Reverser and Aircraft Nacelle of Engine Nacelle Market? |
What is the CAGR/Growth Rate of Original Equipment Manufacturer (OEM) during the forecast period? |
By type, which segment accounted for largest share of the global Engine Nacelle Market? |
Which region is expected to dominate the global Engine Nacelle Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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