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(Transportation-News.com, February 21, 2019 ) [120 Pages] The aircraft exhaust system market was valued at USD 661.3 million in 2017 and projected to reach USD 987.4 million by 2023, at a CAGR of 7.78 % during the forecast period. The objective of this study is to analyze the aircraft exhaust system market. It also aims to define, describe, and forecast the aircraft exhaust system market segmented on the basis of aviation type, system, component, end user, and region. 2017 has been considered the base year for this study, and 2018–2023 the forecast period.
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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 in increasing 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 a 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 within 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.
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