Research Nester published a report titled “Aircraft Engine Nacelle Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the aircraft engine nacelle market in terms of market segmentation by type, capacity, drug type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global aircraft engine nacelle market is expected to garner a large revenue by growing at a significant CAGR throughout the forecast period, i.e. 2021 – 2029, owing to the increasing demand for aircraft engine nacelles, growing number of air passengers and rising advancements in engine and nacelle technologies. Furthermore, the trend for 3D-printed engine nacelles is estimated to provide opportunities to the market in the coming years.
The market is segmented on the basis of material, engine type and end user. Based on material, the aluminum alloys segment is anticipated to grab the largest share during the forecast period in view of their characteristics such as high strength and temperature endurance. Additionally, based on engine type, the turbofan segment is expected to grow at the fastest rate owing to the increasing use of turbofan based aircrafts in regional and commercial jets.
Regionally, the global aircraft engine nacelle market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific is expected to observe the highest growth in the market over the forecast period, which can be attributed to the rising demand for fuel-efficient nacelles, growing modernization of the aviation industry and increasing aircraft expenditure in countries such as India and China.
Increasing Requirement of Nacelles to Boost Market Growth
The world has witnessed a rising demand for aircraft engine nacelles from aviation industry backed by their superior protection from fire and increase in the fuel efficiency of airplanes. Moreover, the introduction of lightweight and low drag nacelles is gaining popularity in the market since the past years, which is considered to be one of the major factors for the growth of the market in the future.
However, high cost of procurement of aircraft engine nacelles is expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global aircraft engine nacelle market which includes company profiling of Bombardier Inc. (TSE: BBD.B), Safran and Safran companies (EPA: SAF), Raytheon Technologies Corporation (NYSE: RTX), Leonardo S.p.A. (BIT: LDO), Singapore Technologies Engineering Ltd (SGX: S63), GKN Aerospace Services Limited, Triumph Group, Inc. (NYSE: TGI), Barnes Group Inc. (NYSE: B), Aernnova Aerospace S.A., The Boeing Company (NYSE: BA), and others.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the aircraft engine nacelle market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.