Global Aircraft Exhaust System Market to 2023: Additive Manufacturing (3D Printing) for Gas Turbine & Exhaust Components Gaining Momentum
DUBLIN, Oct. 22, 2018 /PRNewswire/ --
The "Aircraft Exhaust System Market by End User (OEM, MRO), System (Engine Exhaust System, APU Exhaust System), Component (Exhaust Cone, Exhaust Pipe, Exhaust Nozzle, APU Exhaust Liner), Aviation Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The aircraft exhaust system market is projected to grow from an estimated USD 679.0 million in 2018 to USD 987.4 million by 2023, at a CAGR of 7.78% from 2018 to 2023.
The factor that is expected to act as a major driver is the growing use of low drag, lightweight sound suppressant exhaust components. Aircraft exhaust systems are one of the significant contributors to the total aircraft nacelle weight and drag. The new low drag, lightweight exhaust components contribute to the increase in the fuel efficiency of aircraft, and thus the demand for such components is increasing. The aircraft exhaust system market has been segmented based on component, system, aviation type, end user, and region.
Based on end user, the OEM segment of the aircraft exhaust system market is projected to witness the highest growth during the forecast period. This is due to the increasing number of aircraft deliveries globally owing to the increasing global air passenger traffic. With increasing deliveries of new aircraft, the demand for aircraft exhaust systems is expected to increase.
Based on components, the exhaust nozzle segment is expected to lead the aircraft exhaust system market during the forecast period. An exhaust nozzle is an essential part of any exhaust system which endures high-temperature cycles and has to be repaired and replaced quite often, hence the exhaust nozzle is constantly in demand. Due to these factors, the exhaust nozzle segment is projected to lead the aircraft exhaust system market during the forecast period.
Based on system, the engine exhaust system segment is projected to witness the highest growth during the forecast period. Engine exhaust components are one of the most complex parts of an engine exhaust system and contribute significantly to the total cost of aircraft exhaust system. Hence, due to the increasing demand for new aircraft deliveries globally, the engine exhaust system segment is projected to lead the aircraft exhaust system market during the forecast period.
Based on aviation type, the commercial aviation segment is projected to witness the highest growth during the forecast period. In commercial aviation, which is the largest market in the overall aerospace industry, there is an increasing demand for commercial jet airliners due to the increasing air passenger traffic. Due to the increasing demand for commercial aviation jets globally, the commercial aviation segment is projected to lead the aircraft exhaust system market during the forecast period. On the other hand, the military aviation segment is expected to witness the highest CAGR because of the increasing deliveries of fighter aircraft.
North America is expected to be a leading aircraft exhaust system market during the forecast period, due to the high demand for new aircraft and replacement of aging fleets. The Asia Pacific region is expected to be the fastest-growing market due to the increase in modernization programs in the Asia Pacific aviation industry, which is expected to lead to a high adoption of advanced aircraft exhaust systems. These factors are anticipated to further propel the demand for aircraft exhaust systems in the APAC region.
Significant investments required for the development of different types of aircraft exhaust systems is a major factor expected to restrain the growth of the aircraft exhaust system market across the globe.
Major players in the aircraft exhaust system market are Magellan Aerospace (Canada), Triumph Group (US), Ducommun (US), Nexcelle (US), Esterline Technologies (US), Nordam (US), Franke Industries (US), Senior Aerospace (UK) and GKN (UK), among others.
Products offered by various companies operating in the aircraft exhaust system market have been listed in the report. The recent developments section of the report provides information on the strategies adopted by various companies to strengthen their positions in the aircraft exhaust system market between November 2011 and October 2018.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Aircraft Exhaust System Market From 2018 to 2023
4.2 Aircraft Exhaust System Market, By System
4.3 Aircraft Exhaust System Market, By End User
4.4 Aircraft Exhaust System Market, By Aviation Type
4.5 Aircraft Exhaust System Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Number of Aircraft Deliveries
5.2.1.2 Growing Adoption of UAVS in Military & Commercial Applications
5.2.2 Opportunities
5.2.2.1 Reduction in Composite Material Costs
5.2.2.2 Adoption of Advanced Technology for Aircraft Exhaust System
5.2.3 Challenges
5.2.3.1 Complexity in Design Leading to Maintenance Difficulties
5.2.3.2 Failure of Exhaust System Components
6 Industry Trends
6.1 Introduction
6.2 Emerging Trends
6.2.1 Additive Manufacturing (3D Printing) for Gas Turbine & Exhaust Components
6.2.2 Low Drag & Less Sound Nacelle Systems for Future Aircraft
6.2.3 Robotics for Smart Welding in Aircraft Exhaust Systems
6.2.4 Acoustically Treated Nozzles
6.2.5 Innovations & Patent Registrations
7 Aircraft Exhaust System Market, By End User
7.1 Introduction
7.2 OEM
7.3 MRO
8 Aircraft Exhaust System Market, By Component
8.1 Introduction
8.2 Exhaust Cone
8.3 Exhaust Pipe
8.4 Exhaust Nozzle
8.5 APU Exhaust Liner
8.6 APU Exhaust Tube
8.7 Turbocharger
8.8 Others
9 Aircraft Exhaust System Market, By Aviation Type
9.1 Introduction
9.2 Commercial Aviation
9.3 General Aviation
9.4 Business Aviation
9.5 Military Aviation
10 Aircraft Exhaust System Market, By System
10.1 Introduction
10.2 Engine Exhaust System
10.2.1 Turbofan
10.2.2 Turboprop
10.2.3 Turboshaft
10.2.4 Reciprocating (Piston-Based)
10.3 APU Exhaust System
11 Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 France
11.3.2 Russia
11.3.3 Germany
11.3.4 Italy
11.3.5 Switzerland
11.3.6 UK
11.3.7 Austria
11.3.8 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 New Zealand
11.4.5 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 Latin America
11.5.2 Middle East
11.5.3 Africa
12 Competitive Landscape
12.1 Introduction
12.2 Market Ranking Analysis
12.3 Competitive Scenario
12.3.1 Agreements and Joint Ventures
13 Company Profiles
13.1 GKN Aerospace
13.2 Magellan Aerospace
13.3 Triumph Group
13.4 Ducommun
13.5 Nordam
13.6 Nexcelle
13.7 Orbital ATK
13.8 Esterline Technologies
13.9 Franke Industrie
13.10 Senior Aerospace
13.11 Doncasters
13.12 Hellenic Aerospace Industry
13.13 Sky Dynamics Corporation
13.14 Industria De Turbo Propulsores
13.15 Exotic Metals
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