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The objective of the Aircraft Thrust Reverser Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Aircraft Thrust Reverser Market.
Market Insights – The Aircraft Thrust Reverser Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Aircraft Thrust Reverser Market are-
Safran S.A.
Spirit AeroSystems, Inc.
Collins Aerospace (UTC Aerospace Systems)
GKN Aerospace
Triumph Group, Inc
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Thrust Reverser Market value and growth drivers over the trend period of 2019-24. According to the report -
The global aircraft thrust reverser market is projected to reach an estimated value of US$ 4,761.7 million in 2024. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; increasing demand for lightweight thrust reverser; an increased demand for fuel-efficient aircraft; and an advancement in technology of thrust reverser are some of the major growth drivers of the global aircraft thrust reverser market.
Segment Analysis:
Based on Aircraft Type:
The global aircraft thrust reverser market is segmented based on aircraft type as Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, and Business Jets. Both, narrow- and wide-body aircraft are expected to remain the growth engines of the global aircraft thrust reverser market during the forecast period of 2019 to 2024. Increasing narrow- and wide-body aircraft deliveries to support rising passenger traffic, the introduction of fuel-efficient next-generation aircraft, and rising commercial aircraft fleet size across regions are the key factors that are propelling the demand for thrust reversers in these segments.
Based on Region:
Based on the region, North America is expected to remain the largest aircraft thrust reverser market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth during the same period. The higher growth of aircraft thrust reverser in Asia-Pacific is mainly attributable to the increasing commercial aircraft fleet to support rising passenger traffic; the opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; and upcoming commercial and regional aircraft, such as C919 and MRJ.
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Critical Questions Answered in the Report
l What are the key trends in the global Aircraft Thrust Reverser Market?
l How the Aircraft Thrust Reverser Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Aircraft Thrust Reverser Market?
l What are the key strategies adopted by the major vendors to lead in the Aircraft Thrust Reverser Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Aircraft Thrust Reverser Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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