Rising number of new airlines being added to the fleet, and growing need for repairing old fleet are key factors driving market revenue growth.
Market Size - USD 726.3 Million in 2020, Market Growth - CAGR of 5.9%, Market Trends - Increasing expenditure on development of technologically advanced nacelle actuation systems such as Electrical Thrust Reverser Actuation System (ETRAS), and implementation of additive manufacturing and 3D printing to manufacture these systems.
The global nacelle actuation system market size is expected to reach USD 1,161.4 Million in 2028, and register a CAGR of 5.9% during the forecast period. Development of new-generation aircraft engines and components, coupled with growing demand for noise-reducing and fuel-efficient actuation systems are major factors expected to boost market growth. In addition, stringent safety regulations imposed by governments across the globe and growing adoption of nacelle actuation systems owing to its requirement for process of deceleration are other major factors supporting growth of the global nacelle actuation system market.
Revenue growth of the global nacelle actuation system market is directly proportional to growth of the global airline industry and increasing number of aircrafts. Thus, increasing fleet expansion projects, rising trend of air travel, and need for advanced aircrafts for better safety and travel experience of travelers are factors expected to drive market growth.
High cost and complex process of repairing /remolding aircraft nacelles could hamper adoption of nacelle actuation systems and restrain market growth.
Some Key Findings From the Report:
For the purpose of this report, the global nacelle actuation system market is segmented on the basis of platform, mechanism, end-use, and region:
Platform Outlook
Mechanism Outlook
End-Use Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 726.3 Million in 2020, Market Growth - CAGR of 5.9%, Market Trends - Increasing expenditure on development of technologically advanced nacelle actuation systems such as Electrical Thrust Reverser Actuation System (ETRAS), and implementation of additive manufacturing and 3D printing to manufacture these systems.
The global nacelle actuation system market size is expected to reach USD 1,161.4 Million in 2028, and register a CAGR of 5.9% during the forecast period. Development of new-generation aircraft engines and components, coupled with growing demand for noise-reducing and fuel-efficient actuation systems are major factors expected to boost market growth. In addition, stringent safety regulations imposed by governments across the globe and growing adoption of nacelle actuation systems owing to its requirement for process of deceleration are other major factors supporting growth of the global nacelle actuation system market.
Revenue growth of the global nacelle actuation system market is directly proportional to growth of the global airline industry and increasing number of aircrafts. Thus, increasing fleet expansion projects, rising trend of air travel, and need for advanced aircrafts for better safety and travel experience of travelers are factors expected to drive market growth.
High cost and complex process of repairing /remolding aircraft nacelles could hamper adoption of nacelle actuation systems and restrain market growth.
Some Key Findings From the Report:
- Among the platform segments, the commercial aircraft segment accounted for the largest revenue share in 2020, and is expected to continue contributing major revenue share during the forecast period.
- Among the mechanism segments, the hydraulic segment accounted for major revenue share in 2020. The electric segment is expected to register a robust revenue CAGR during the forecast period.
- Among the end-use segments, the Original Equipment Manufacturer (OEM) segment accounted for the largest revenue share in 2020, owing to increasing investments and emphasis on manufacturing military and commercial aircrafts, and business jets, using technologically advanced nacelle actuation systems.
- The North America market accounted for the largest revenue share in 2020, due to increasing rising expenditure on manufacturing advanced commercials and jets and increasing aircraft upgrade projects.
- Europe market accounted for second-largest revenue share in 2020, due to mature aviation sector, and high investments to increase fleet size due to increasing trend of air travel.
- The Asia Pacific market is expected to register a robust revenue CAGR during the forecast period, increasing investments by aviation sector to increase airline fleet size.
- Key companies profiled in the market report include Woodward, Inc., Arkwin Industries, Honeywell International, Safran, Collins Aerospace, Triumph Group, Parker Hannifin Co., Diakont, Ametek, and Nordan. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global nacelle actuation system market is segmented on the basis of platform, mechanism, end-use, and region:
Platform Outlook
- Commercial Aircraft
- Military Aircraft
- Business Jet
Mechanism Outlook
- Hydraulic
- Electric
End-Use Outlook
- Original Equipment Manufacturer
- Maintenance Repair Overhaul
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Nacelle Actuation System Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Nacelle Actuation System Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Global Nacelle Actuation Systems Market Segmentation & Impact Analysis
Chapter 5. Global Nacelle Actuation Systems Market, Platform Insights & Trends
Chapter 6. Global Nacelle Actuation Systems Market, Mechanism Insights & Trends
Chapter 7. Global Nacelle Actuation Systems Market, End Use Insights & Trends
Chapter 8. Global Nacelle Actuation Systems Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- nclude Woodward Inc. (U.S.)
- Arkwin Industries (U.S.)
- Honeywell International (U.S.)
- Safran (France)
- Collins Aerospace (U.S.)
- Triumph Group (U.S.)
- Parker Hannifin Co. (U.S.)
- Diakont (U.S.)
- Ametek (U.S.)
- Nordan (Norway).
