Aircraft Exhaust Systems Market was valued at USD 661.3 million in 2017 and is forecast to reach USD 987.4 million by 2023, with a CAGR of 7.78% over the outlook period.
Magellan Aerospace announced that it has been selected by Airbus to supply exhaust systems for the A320neo PW family of aircraft. Magellan will design, develop and manufacture exhaust systems for the A320neo PW1100G-JM nacelle, the first unit to enter service in 2022.
Market Drivers and Restraints:
The commercial aviation sector is expected to make a significant contribution over others in the global aerospace industry due to the increasing demand for commercial aircraft with increasing air passenger traffic. Roughly all aircraft are used for regional and commercial travel in accordance with the principles of the turbofan aircraft exhaust system, which are identified as the most demanding and the most expensive compared to others. With the collective delivery of fighter jets, the military aviation industry is likely to present notable opportunities for the growth of the global aircraft exhaust systems market.
Impact of Covid-19 on Aircraft Exhaust Systems Market:
The coronavirus pandemic is currently moving round the world, effort a path of destruction in its wake. This report discusses the impact of the virus on leading corporations within the aerospace sector. The report analyses the impact of COVID-19 on the worldwide aviation business.
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Report is segmented as:
By Aviation Type:
Engine Exhaust System
APU Exhaust System
APU Exhaust Liner
APU Exhaust Tube
The Exhaust Nozzle segment is expected to dominate the market during the outlook period. The exhaust nozzle is in constant demand as it is part of any exhaust system that withstands high temperature cycling and needs to be repaired and replaced quite frequently.
By End User:
The OEM segment is foreseen to register further growth during the forecast period. This growth is due to the increasing number of aircraft deliveries around the world, driven by the increase in global air traffic passengers. With new aircraft deliveries escalating, demand for aircraft exhaust systems is supposed to increase over the projection period.
Based on geography, the global aircraft exhaust systems market is divided into regions of Asia Pacific, Latin America, North America, Europe, the Middle East and Africa. Among these regions, North America is projected to dominate the aircraft exhaust systems market during the outlook period, driven by replacement of aging fleets and strong demand for new aircraft. Asia Pacific is estimated to be the fastest growing market, due to increased modernization programs in the Asia-Pacific aviation industry, which will likely contribute to strong adoption of advanced aircraft exhaust systems. These factors are expected to further support the demand for aircraft exhaust systems in the APAC region in future. China and India are the prominent contributors of the area.
Key market players:
Few of the key players in the global aircraft exhaust system market share are Magellan Aerospace, Triumph Group, Documman, Nexcelle, Esterline Technologies, Nordam, Frank Industries, Senior Aerospace, and GKN.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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