Airlines’ requirement of fuel-efficient aircraft is also leaving a significant imprint on the aircraft nacelle systems market. Most of the nacelle integrators are closely working with the OEMs and other industry stakeholders to develop lightweight nacelles with enhanced performance. This is another factor driving the demand for advanced lightweight nacelle systems.
Another trend stimulating the design of nacelle and its demand is an incessant increase in the diameter of engine fan blades. Major next-generation commercial aircraft are coming with large-sized engine fan blades to generate a higher thrust.
The research’s findings suggest that narrow-body aircraft is expected to remain the growth engine of the global aircraft nacelle systems market during the forecast period, propelled by the introduction of fuel-efficient variants of best-selling programs (A320neo and B737 Max).
Based on material type, composite is expected to remain the material of choice in the aircraft nacelle systems market during the forecast period. There has been an incessant replacement of metals with composite components, owing to their excellent strength-to-weight ratio at a relatively lower weight.
As per the study, North America is expected to remain the largest aircraft nacelle systems market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth in the same period.
The key aircraft nacelle system manufacturers are UTC Aerospace Systems, Safran S.A., Spirit AeroSystems, Inc., GE Aviation, GKN Aerospace, Bombardier (Short Brother PLC), and Leonardo S.p.A. Development of lighter nacelle systems, regional expansion, and mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market.