Global Commercial Aircraft Nacelle Growth Opportunities

Global Commercial Aircraft Nacelle Growth Opportunities

Supplying Nacelles eVTOL Aircraft Will Create New Revenue Streams for the Nacelle Manufacturer

RELEASE DATE
31-Oct-2022
REGION
Global
Deliverable Type
Market Research
Research Code: PDE4-01-00-00-00
SKU: AE01640-GL-MT_27034
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Description

Frost & Sullivan's analysis of the global market for commercial aircraft nacelle provides an 11-year forecast from 2021 to 2032. The total market was worth $2.90 billion in 2021 and, considering the impact of the COVID-19 pandemic, should see a compound annual growth rate (CAGR) of 8.1% until 2032 The segments are linefit, retrofit, and aftermarket. Linefit accounted for the highest market share, and it is driven by new aircraft delivery. Demand for retrofit and aftermarket comes from aircraft fleet in service. Safran is the market leader, followed by Collins Aerospace and Spirit AeroSystems. Safran and Collins Aerospace work closely with the aircraft engine OEMs, such as GE Aviation, and Pratt and Whitney, respectively. Spirit AeroSystems provides nacelle to the Boeing commercial aircraft platform.

Demand for narrowbody is the highest. APAC-based airlines generate the highest demand for new aircraft. The demand for air travel is high in China and India. To cater to the growing demand for domestic air travel; both countries' airlines have ordered narrowbody aircraft, which will increase linefit growth opportunities for nacelle suppliers.

Due to weak demand, A380 made its last aircraft delivery in 2021, and the 747 will make its last delivery in 2022. De Havilland Canada halted the production of Dash 8, and Mitsubishi halted its SpaceJet program, which will reduce linefit growth opportunities. The United States and Europe are restructuring their aircraft fleets by replacing older aircraft with more efficient ones; this will help airlines save on fuel and maintenance costs. But for the nacelle supplier, it would mean fewer aftermarket opportunities. The Russo-Ukrainian War also dampened sales of Russian aircraft platform because of stringent sanctions posed by the western world.

Key Issues Addressed

  • What is the size and state of the global commercial aircraft nacelle market? What impact has COVID-19 had on the market?
  • What are the market drivers and restraints?
  • Who are the key vendors in the market and how well are they positioned in the competitive landscape?
  • What are the major growth opportunity areas for commercial aircraft nacelle suppliers?

Author: Waseem Ahmed Khan

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Commercial Aviation Nacelle Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Commercial Aircraft Nacelle Scope of Analysis

Linefit Value Chain

Retrofit and Aftermarket Value Chain

Segmentation

Key Vendors

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Industry Vertical

Revenue Forecast by Application

Revenue Forecast by Region

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Regional Revenue Forecast Analysis

Regional Revenue Forecast Analysis (continued)

Pricing Trends Analysis

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Application

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Application

Forecast Analysis

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Application

Forecast Analysis

Growth Opportunity 1—Lightweight Nacelle for Narrowbody Aircraft

Growth Opportunity 1—Lightweight Nacelle for Narrowbody Aircraft (continued)

Growth Opportunity 2—Low-cost Manufacturing Facilities in India

Growth Opportunity 2—Low-cost Manufacturing Facilities in India (continued)

Growth Opportunity 3—Collaboration with All-electric Aircraft Manufacturers

Growth Opportunity 3—Collaboration with All-electric Aircraft Manufacturers (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Frost & Sullivan's analysis of the global market for commercial aircraft nacelle provides an 11-year forecast from 2021 to 2032. The total market was worth $2.90 billion in 2021 and, considering the impact of the COVID-19 pandemic, should see a compound annual growth rate (CAGR) of 8.1% until 2032 The segments are linefit, retrofit, and aftermarket. Linefit accounted for the highest market share, and it is driven by new aircraft delivery. Demand for retrofit and aftermarket comes from aircraft fleet in service. Safran is the market leader, followed by Collins Aerospace and Spirit AeroSystems. Safran and Collins Aerospace work closely with the aircraft engine OEMs, such as GE Aviation, and Pratt and Whitney, respectively. Spirit AeroSystems provides nacelle to the Boeing commercial aircraft platform. Demand for narrowbody is the highest. APAC-based airlines generate the highest demand for new aircraft. The demand for air travel is high in China and India. To cater to the growing demand for domestic air travel; both countries' airlines have ordered narrowbody aircraft, which will increase linefit growth opportunities for nacelle suppliers. Due to weak demand, A380 made its last aircraft delivery in 2021, and the 747 will make its last delivery in 2022. De Havilland Canada halted the production of Dash 8, and Mitsubishi halted its SpaceJet program, which will reduce linefit growth opportunities. The United States and Europe are restructuring their aircraft fleets by replacing older aircraft with more efficient ones; this will help airlines save on fuel and maintenance costs. But for the nacelle supplier, it would mean fewer aftermarket opportunities. The Russo-Ukrainian War also dampened sales of Russian aircraft platform because of stringent sanctions posed by the western world.--BEGIN PROMO--

Key Issues Addressed

  • What is the size and state of the global commercial aircraft nacelle market What impact has COVID-19 had on the market
  • What are the market drivers and restraints
  • Who are the key vendors in the market and how well are they positioned in the competitive landscape
  • What are the major growth opportunity areas for commercial aircraft nacelle suppliers

Author: Waseem Ahmed Khan

More Information
Deliverable Type Market Research
Author Waseem Ahmed Khan
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Podcast No
WIP Number PDE4-01-00-00-00