About Aircraft Engine Nacelle
Aircraft Engine Nacelles are the housings attached outside the aircraft, majorly attached below the aircraft wings. These type of external engine housings are also called as podded engines. These aircraft engines nacelles help in minimizing the noise generated by the engines, in addition to this, they can act as vortex generators. Over the past few decades, the global air traffic has been increased drastically which will drive the growth of the aircraft engine vesselles. Moreover, the pods increases the engine safety which protects the aircraft engines from foreign bodies. However, in several cases these nasseles might increase the aircraft, which will lead to stagnate the demand for Engine Nacelles.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
The market for Aircraft Engine Nacelle is highly competitive, with established global aerospace businesses controlling the majority of revenue. Raytheon Technologies Corporation, Safran SA, General Electric Company, and Spirit AeroSystems Inc. are some of the major participants in the Aircraft Engine Nacelle industry. These firms specialise in the production of engine nacelles for Airbus SE, Boeing Company, Embraer SA, Dassault Aviation SA, and other key aircraft programmes. Many component providers, such as Spirit AeroSystems Inc., Triumph Group Inc., Aernnova Aerospace SA, Barnes Group Inc., and Leonardo SpA, support the nacelle makers. Analyst at AMA Research estimates that United States and European Manufacturers will contribute the maximum growth to Global Aircraft Engine Nacelle market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Airbus SE (Netherlands), Boeing Company (United States), Bombardier (Short Brothers PLC) (Ireland), Rockwell Collins (United States), Composites Technology Research Malaysia Sdn. Bhd. (Malaysia), FACC AG (Austria), GKN Aerospace (United Kingdom), Leonardo S.p.A. (Italy), Safran S.A. (France) and Spirit AeroSystems Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Standex International Corporation (United States), NORDAM Group Inc (United States) and Triumph Group, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Aircraft Engine Nacelle market by Type (Rear Mounted Nacelle, Pylons Under Wing, Clipped At Wing and Others), Application (Civil Jet Aircraft, Business Jet Aircraft, Private Jet Aircraft and Others) and Region.
On the basis of geography, the market of Aircraft Engine Nacelle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Increasing Demand for Fuselage-Mounted Podded Engines and Rising Engine Safety Concerns across the Aerospace Industry
Market Growth Drivers:
Upsurging Need for Noise Reduction in Case of Commercial Aircrafts and Growing Adoption of Podded Engines from Aircraft Manufacturers
Challenges:
Requires Skilled Workforce for Developing Engine Nacelles and Rising Raw Material Prices and Minimum Manufacturing Tolerance in Aerospace Industry
Restraints:
Use of Aircraft Engine Nacelles might Increase the Engine Drag and Operational Complexities related to Over-wing or Over-fuselage Engine Nacelles
Opportunities:
Upsurging Aerospace and Defence Infrastructure across the Developing Economies and Increasing Research and Development Investments in Developing Aircraft Equipment
Market Leaders and their expansionary development strategies
On August 5, 2019, Airbus has officially begun manufacturing the A220 in the U.S. The company had already announced plans for the addition of A220 manufacturing in Mobile on October 2017. Construction on the main A220 flowline hangar and other support buildings for the new A220 began at the Mobile Aeroplex at Brookley at the beginning of this year. Airbus is producing the first few aircraft within some current A320 Family buildings and newly-built support hangars.
Key Target Audience
Aircraft Engine Nacelle Manufacturers, Aircraft Engine Nacelle Distributors and Traders, Aerospace Industry Associations, Upstream and Downstream Buyers, Government Agencies, Research and Development Institutes, Aircraft Manufacturers and Traders and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.