Description
The global aircraft thrust reverser actuation systems market is forecast to grow from USD 2.55 billion in 2022 to USD 4.13 billion by 2029, exhibiting a compound annual growth rate of 6.9% during this period. Thrust reversers play a crucial role during aircraft landing by redirecting engine fan airflow to enable rapid deceleration. This reduces brake wear and enables safe landing on short runways.
The COVID-19 pandemic adversely impacted the market due to disruptions in global supply and demand. However, with the easing of restrictions, air travel demand has rebounded sharply. This is driving fleet expansion and modernization efforts by airlines, restoring positive momentum to the market. Growth is expected to align with evolving OEM production rates and aftermarket maintenance needs, despite some lingering supply chain challenges.
The emergence of tighter emission regulations is also catalyzing investments into upgraded electronic thrust reverser actuation systems. Currently, target, clam-shell, and cold stream reverser designs are the most widely adopted. Looking ahead, additive manufacturing technologies are poised to transform the market by reducing production and maintenance costs for critical actuation components.
Market Segmentation
The market is segmented based on platform, mechanism, and geography.
Segmentation by Platform
Commercial Aircraft
Military Aircraft
Business Jets
Segmentation by Mechanism
Hydraulic
Electric
Segmentation by Geography
North America - United States, Canada
Europe - United Kingdom, France, Germany, Russia, Rest of Europe
Asia-Pacific - China, India, Japan, Rest of Asia-Pacific
Latin America - Mexico, Brazil, Rest of Latin America
Middle East and Africa - Saudi Arabia, United Arab Emirates, Egypt, Rest of Middle East and Africa
The business aviation market is witnessing strong growth, fueled by rising numbers of high-net-worth individuals, fractional ownership programs, and increasing demand for charter services. This is attracting new players, including commercial airlines diversifying into the business jet segment.
Prominent business aircraft models include the Boeing B777X, Boeing 787 Dreamliner, Bombardier Global 7500, Cessna Citation Longitude, Cessna Citation Sovereign, Dassault Falcon 8X, and Gulfstream G650 among others. Major manufacturers like Gulfstream, Bombardier, Dassault and Embraer are launching next-generation jets with advanced engines and thrust reverser systems to cater to growing global demand.
Thrust reverser actuation systems suppliers such as Safran SA, Rolls-Royce, and Woodward Inc. provide key components to these airframers. The positive outlook is underpinned by rising high-net-worth resources, new ownership models expanding access, and growing appetite for chartered flights.
Regionally, China is witnessing massive air traffic growth with the potential to become the largest market surpassing the US. Airport infrastructure expansion and air network development is spurring aircraft demand. India is also expected to see high domestic traffic and a strong aviation recovery. Mature Asia-Pacific markets like Japan, Australia, Singapore, Malaysia, South Korea, Thailand, and Indonesia exhibit steady growth. Overall, favorable economic conditions and government support continue to drive business jet affordability and uptake of associated thrust reverser actuation systems in the Asia Pacific region.
Competitive Landscape
Prominent players in the commercial aircraft leasing market include Arkwin Industries Inc. (TransDigm Group Inc.), Diakont Advanced Technologies Inc., Honeywell International Inc., Parker Hannifin Corporation, RTX Corporation (Collins Aerospace), Safran S.A., Singapore Technologies Engineering Ltd., Spirit AeroSystems Holdings Inc., The NORDAM Group Inc., Triumph Group Inc., and Woodward Inc. These companies strategically expand operations in different regions, offering flexible manufacturing options for aircraft thrust reverser actuation systems. This allows efficient production and supply to system integrators, aircraft OEMs, and MRO providers at a lower cost. The market's attractiveness aligns with the recovery of the global aviation industry, with demand arising from both OEMs and MRO channels, fueling market growth.
Recent Industry Developments
TAP Air Portugal plans to expand its route network for summer 2023, adding new destinations and increasing frequencies from its Porto base. The carrier has already grown its fleet to 100 aircraft and aims to acquire 71 more by 2025, including A330neos, A320neos, A321neos, and A321LRs.
United Airlines ordered 200 widebody planes from Boeing, to be delivered between 2024 and 2032. They have the option to choose from B787-8, B787-9, or B787-10 models, allowing for diverse route support.
American Airlines signed an agreement with Boeing for 30 new B737 Max 8 jets. Delivery is scheduled for 2023 and 2024, with 15 aircraft each year.
Why Buy This Report?
Get a detailed picture of the Global Aircraft Thrust Reverser Actuation Systems Market
Identify segments/areas to invest in over the forecast period in the Global Aircraft Thrust Reverser Actuation Systems Market
Understand the competitive environment, the market's leading players
The market estimate for ease of analysis across scenarios in Excel format
Strategy consulting and research support for three months
Print authentication provided for the single-user license
TABLE OF CONTENTS
FIGURES AND TABLES
PART 1. INTRODUCTION
1.1 Description
1.2 Objectives of The Study
1.3 Market Segment
1.4 Years Considered for The Report
1.5 Currency
1.6 Key Target Audience
PART 2. RESEARCH METHODOLOGY
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
PART 5. GLOBAL AIRCRAFT THRUST REVERSER ACTUATION SYSTEMS MARKET BY MECHANISM
5.1 Electric
5.2 Hydraulic
PART 6. GLOBAL AIRCRAFT THRUST REVERSER ACTUATION SYSTEMS MARKET BY PLATFORM
6.1 Business jets
6.2 Commercial aircraft
6.3 Military aircraft
PART 7. GLOBAL AIRCRAFT THRUST REVERSER ACTUATION SYSTEMS MARKET BY GEOGRAPHY
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Middle East and Africa
7.5 Latin America
PART 8. COMPANY PROFILES
8.1 Arkwin Industries Inc. (TransDigm Group Inc.)
8.2 Diakont Advanced Technologies Inc.
8.3 Honeywell International Inc.
8.4 Parker Hannifin Corporation
8.5 RTX Corporation (Collins Aerospace)
8.6 Safran S.A.
8.7 Singapore Technologies Engineering Ltd.
8.8 Spirit AeroSystems Holdings, Inc.
8.9 The NORDAM Group Inc.
8.10 Triumph Group, Inc.
8.11 Woodward, Inc.
DISCLAIMER
The Loading and Unloading Robot Systems Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape,...
The Aircraft Demolition and Recycling Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, m...
The Commercial Aircraft Recycling Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manuf...
Market Overview
The Asia Pacific AI-Enabled Biometric Market is set to experience robust growth from 2024 to 2034, driven by the increasing adoption of artificial intelligence (AI) technologies in biometric systems to enhance security, identity verification, and surveillance. The market...
Market Overview
The Europe AI-Enabled Biometric Market is expected to experience substantial growth from 2024 to 2034, driven by the rising demand for enhanced security systems, increasing adoption of artificial intelligence (AI) technologies, and the need for more efficient biometric i...
Market Overview
The North America AI-Enabled Biometric Market is projected to experience substantial growth from 2024 to 2034, driven by the increasing demand for advanced, secure, and convenient identity verification solutions across various sectors. With rising adoption in areas such ...
Market Overview
The Global AI-Enabled Biometric Market is anticipated to experience substantial growth from 2024 to 2034, propelled by advancements in artificial intelligence, increasing security concerns, and the need for more accurate and efficient identity verification methods. In 20...
The Aircraft Turnaround Management Solution Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsc...
The Smart Parking Payment Systems Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manuf...
The Overhead Power and Free Conveyor Systems Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive lands...