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Aircraft engine nacelles are the combination of several components such as composites, stainless steel, titanium alloys, aluminum alloys, and nickel-chromium. The aircraft engine nacelles are majorly classified as rear mounted nacelle, clipped at wing, and pylons under wing. The increasing adoption of aircraft engine nacelles in commercial aircraft, business jet, and military jet to foster the market growth.
The factors are expected to drive the market are increase in demand for commercial aircraft from the emerging economy such as China and India. Moreover, modernization of aircraft engine nacelle to provide fuel-efficient and noise-reducing nacelles solution is anticipated to boost the market. The increasing demand of 3D- Printed aircraft engine nacelles are the upcoming opportunities for the market. However, high cost is associated to procure aircraft engine nacelles are hampering market growth.
Key Market Driver -
• Growing Demand for Aircraft Engine Nacelles to Spur Development of New Generation Aircraft • Increase In Air Passenger Traffic Across the World to Aid Market Growth
Key Market Restraint -
• High Cost is Associated to Procure Aircraft Engine Nacelles are Hampering Market Growth
By type, the market is segmented into rear mounted nacelle, pylons under wing, clipped at wing and others. Based on material, the market is segmented into composites, titanium alloys, nickel chromium, stainless steel and aluminum alloys. Based on the application, the market categorized into civil jet aircraft, business jet aircraft, private jet aircraft and others. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Major key players that are present in the aircraft engine nacelle market are Aernnova Aerospace S.A. (Spain), Barnes Group Inc. (THE U.S.), Bombardier (Canada), GKN Aerospace Services Limited (The U.K.), Leonardo SpA (Italy), Nexcelle (THE U.S.), Safran (France), ST Engineering (Singapore), Triumph Group (THE U.S.), United Technologies Corporation (THE U.S.), and among others.
The aircraft engine nacelle market is analyzed across four major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America is expected to steer the market during the forecast period. This growth is attributed to the presence of key players, which include Barnes Group Inc. Nexcelle , Triumph Group, United Technologies Corporation,and among others.
The Asia Pacific is projectd to capture a significant market share of the market during the forecast period. This market growth is owing to the increased demand for fuel-efficient and noise-reducing nacelles in the Asia Pacific region. The increasing demand of commercial aircraft from India is refueling the market growth.
Europe also exhibits significant growth in the market. This growth is attributed to the presence of key players, which include Aernnova Aerospace S.A. , GKN Aerospace Services Limited , Leonardo SpA, Safran, and among others. The Rest of the World registers significant growth during the forecast period. This growth is attributed to the growing demand of aircraft engine nacelle in South America and Middle East & Africa for commercial aircraft, business jet, and military jet.
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