Aircraft Thrust Reverser Actuation Systems Global Market Report 2022: Stringent Safety Regulations Drive the Importance of Redundant Aircraft Systems Including Thrust Reversers - ResearchAndMarkets.com

The "Aircraft Thrust Reverser Actuation Systems - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

Global Aircraft Thrust Reverser Actuation Systems Market to Reach $1.7 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Aircraft Thrust Reverser Actuation Systems estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 2.3% over the analysis period 2022-2030. Commercial Aircraft, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$916.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Business Jets segment is readjusted to a revised 2.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $375.5 Million, While China is Forecast to Grow at 4% CAGR

The Aircraft Thrust Reverser Actuation Systems market in the U.S. is estimated at US$375.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$316.3 Million by the year 2030 trailing a CAGR of 4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 2.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$207.5 Million by the year 2030.

Select Competitors (Total 46 Featured) -

• Honeywell International, Inc.
• Parker Hannifin Corporation
• Safran
• United Technologies Corporation (UTC)
• Woodward, Inc.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Aircraft Thrust Reverser Actuation Systems - Global Key Competitors Percentage Market Share in 2022 (E)
• Aircraft Thrust Reverser Actuation Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession
• Product Overview
• What are Thrust Reversers?
• Thrust Reverser Actuation System: A Definition
• Types of Thrust Reversers

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Robust Outlook for Commercial Aviation Provides the Cornerstone for Growth in the Aircraft Thrust Reverser Actuation Systems Market
• Healthy Growth in Commercial Airline Revenues to Catalyze Opportunities Across the Aircraft Supply Chain: Global Commercial Airline Revenue (In US$ Billion) for the Years 2017, 2019 and 2022
• Robust Growth in Passenger & Cargo Traffic Bodes Well for Retrofits, Refurbishments and Sales of Aircraft Thrust Reverser Actuation Systems: Global Passenger & Cargo Traffic (In Trillions of Available Seat Kilometers & Revenue Passenger Kilometers and Millions of Available Tonne Kilometers & Freight Tonne Kilometers) for the Years 2016 through 2020
• Stringent Safety Regulations Drive the Importance of Redundant Aircraft Systems Including Thrust Reversers as an Added Margin of Safety
• Increasing Commonality of Aborted or Rejected Takeoffs (RTOs) Strengthens the Business Case for Thrust Reversers
• High Risk of Accidents Especially Related to Runway Safety Including Runway Overrun Amplifies the Importance & Indispensability of Reverse Thrusters: Global Number of Accidents & Fatalities and Risk Distribution of Runway Safety, Controlled Flight Into Terrain (CFIT) & Loss of Control on Scheduled Commercial Flights for the Years 2014 through 2018
• Technology Innovations Remain Key to Future Growth
• Growing Base of Aircraft Fleet & the Ensuing MRO of Safety Equipment to Spur Frequency of Replacements & Upgrades
• Expanding Global Fleet Size to Benefit Opportunities for Replacements & Upgrades of Safety Equipment in the MRO Market: Global Aircraft Fleet Size (In Units) by Geographic Region for the Years 2017, 2019, 2024, 2029 and 2037

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

A selection of companies mentioned in this report includes

• Honeywell International, Inc.
• Parker Hannifin Corporation
• Safran
• United Technologies Corporation (UTC)
• Woodward, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/927om8-thrust?w=4

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230127005241/en/