Aircraft Exhaust Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Aircraft Exhaust Systems Market is Segmented by Aviation Type (Commercial Aviation, Military Aviation, and General Aviation), System (Engine Exhaust, APU Exhaust, and Other Systems), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Aircraft Exhaust Systems Market Size

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Aircraft Exhaust Systems Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.06 Billion
Market Size (2029) USD 1.45 Billion
CAGR (2024 - 2029) 6.49 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Aircraft Exhaust Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Aircraft Exhaust Systems Market Analysis

The Aircraft Exhaust Systems Market size is estimated at USD 1.06 billion in 2024, and is expected to reach USD 1.45 billion by 2029, growing at a CAGR of 6.49% during the forecast period (2024-2029).

The market's growth is an outcome of the organic growth of the aviation industry, as a large number of aircraft deliveries are scheduled during the forecast period. Aircraft exhaust systems are essential for ensuring a proper propulsion cycle. Integration of the engines with the new-generation aircraft will drive the demand for individual components of the exhaust systems.

The aviation industry incumbents are keenly investing in the development of new aircraft propulsion technologies to enhance the performance characteristics of newer-generation aircraft. Emerging technologies, like the electronic thrust reverser actuation system (ETRAS), will drive the R&D efforts divested toward developing advanced engine subsystems. ETRAS is a hybrid system that enables automated thrust reverser operation through electromechanical actuators. The ETRAS will physically combine the existing electrical thrust reverser actuation controller (ETRAC) and thrust reverser power unit (TRPU) of the aircraft engine into a single system, thereby reducing the engine's weight profile by a significant margin.

The increasing use of new manufacturing technologies, such as automated fiber placement (AFP), is envisioned to reduce the aircraft's turnaround time (TAT). It is to manufacture airframe components, such as tubes with a T-shape or Y-shape or tubes with circular shape flanges, like exhaust ducts, in jet engines.

Aircraft Exhaust Systems Market Trends

Commercial Segment to Lead the Market in the Forecast Period

Commercial aviation is a major source of greenhouse gas emissions and is, hence, being subjected to global scrutiny from environmental protection agencies. It led to the imposition of stringent emission norms to curb environmental degradation caused by the combustion of aviation fuel. 

In March 2017, the International Civil Aviation Organization (ICAO) adopted a new aircraft CO2 emission standard to be enforced on the new aircraft type designs from 2020 and the aircraft type designs already in production. The regulation also states the provisions for engine modification to ensure full compliance by 2028. 

The aircraft combustion cycle is directly influenced by the engine design, including subsystems, such as exhaust systems. The stringent emission norms are anticipated to drive technological innovations in the design of fuel-efficient engines with sophisticated exhaust systems. For instance, in July 2023, Power Flow Systems partnered with Maple Leaf Aviation to design dual exhaust system fairings for Cessna 180, 182, and 185 airframes. As per the agreement, Maple Leaf will produce the new set of exhaust fairings, while Power Flow will offer the specialized set at a 'combined package price' to its tuned exhaust system customers.

Moreover, in an effort to curb emission levels, R&D initiatives are being undertaken to develop an electric power train for aviation. For instance, in September 2022, Researchers captured the first images of CO2 emissions from a commercial aircraft engine using chemical species tomography. They used a novel near-infrared light imaging technique to capture the first cross-sectional images of carbon dioxide in the exhaust plume of a commercial jet engine. The technique could accelerate turbine combustion research aimed at developing engines and aviation fuels that are more environmentally friendly. 

Similarly, in February 2022, engineers at the Arnold Engineering Development Complex and MetroLaser in the US are using a new type of laser measurement system to test the gas velocity of engine exhaust and help find ways to reduce noise from aircraft. Such efforts are envisaged to enhance the business prospects of commercial aircraft exhaust systems during the forecast period.

Aircraft Exhaust Systems Market - Projected Aircraft Deliveries of Commercial Aircrafts by Region, (in Units), 2021-2040

Asia-Pacific to Generate the Highest Demand during the Forecast Period

The Asia-Pacific region is anticipated to generate the highest demand for the aircraft exhaust systems market during the forecast period. This demand can be attributed to the increasing orders of new aircraft, propelled by ever-growing passenger traffic in the region. The International Air Transport Association (IATA) projected that China will eventually become the world's largest aviation market by the mid-2020s. According to the Ministry of Aviation (India), 80-90 new airports, including heliports and water aerodromes, will be built by 2030 in India. The huge market potential encouraged aircraft OEMs to devise strategic expansion plans to increase their penetration into the region. It, in turn, will support the growth of the aircraft exhaust systems market.

Furthermore, the Asia-Pacific region registered the second-largest military expenditure across the world. The tense geopolitical scenario prevalent in the region is fostering the initiation of fleet modernization programs for enhancing the aerial defense capabilities of the countries. For instance, China's proposed 2023 defense spending rose to USD 225 billion, which is 7.2% higher than the 2022 budget and is the eighth consecutive year of increase in its military spending. Similarly, India proposed USD 72.6 billion in defense spending for the 2023-24 financial year, which is 13% up from the previous period's initial estimates. It is aiming to add more fighter jets. Such developments are anticipated to drive the market for aircraft exhaust systems during the forecast period.

Aircraft Exhaust Systems Market - Growth Rate by Region (2023 - 2028)

Aircraft Exhaust Systems Industry Overview

The aircraft exhaust systems market is consolidated and characterized by the presence of a limited number of dominant vendors operating at the global level. The market is highly competitive, with the players competing to gain the largest market share. Constraints associated with the design of aircraft exhaust systems and cancellation of aircraft orders due to macroeconomic factors impede the growth of the market. The vendors must provide advanced systems to aircraft OEMs to survive in an intensely competitive market environment. 

The dominant market players include GKN Aerospace (Melrose Industries PLC), Triumph Group Inc., Magellan Aerospace Corp., Rolls-Royce plc, and Esterline Technologies Corporation (Transdigm Group Inc.). These players compete mainly based on their in-house manufacturing capabilities, their global footprint network, their product offerings, their R&D investments, and a strong client base. 

The increase in the aircraft procurement rate, due to the rapid increase in air passenger traffic, is expected to fuel market growth during the forecast period. The competitive environment in the market is likely to further intensify due to an increase in product/service extensions and technological innovations. For instance, in March 2023, Power Flow Systems hit a milestone by delivering 6,500 systems since the first tuned exhaust system in 1999. To meet the growing demand and reduce the lead times for new orders, the company expanded its Daytona Beach and Florida branch production facility and workforce.

Aircraft Exhaust Systems Market Leaders

  1. Triumph Group Inc.

  2. Magellan Aerospace Corporation

  3. Rolls-Royce plc

  4. Transdigm Group, Inc.

  5. GKN Aerospace (Melrose Industries PLC)

*Disclaimer: Major Players sorted in no particular order

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Aircraft Exhaust Systems Market News

  • August 2023: Black Widow Helicopters signed a multi-product order with Aerometals. The order includes 25 engine inlet barrier filters (IBF) for the Airbus H125 platform, along with 22 Federal Aviation Administration (FAA) parts manufacturer approval (PMA) approved lightweight straight pipe exhaust systems and IBF for its UH-60 modernization program.
  • May 2023: Magellan Aerospace Corporation signed an extension contract with The Boeing Company to manufacture nacelle exhaust systems for the B767 program. The contract extension aims to ensure the supply of Magellan's acoustic plug and nozzle exhaust assemblies for the B767 program.

Aircraft Exhaust Systems Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Aviation Type

      1. 5.1.1 Commercial Aviation

      2. 5.1.2 Military Aviation

      3. 5.1.3 General Aviation

    2. 5.2 System

      1. 5.2.1 Engine Exhaust

      2. 5.2.2 APU Exhaust

      3. 5.2.3 Other Systems

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Turkey

        4. 5.3.5.4 South Africa

        5. 5.3.5.5 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Doncasters Limited

      2. 6.2.2 Ducommun Incorporated

      3. 6.2.3 Transdigm Group, Inc.

      4. 6.2.4 Parker-Hannifin Corporation

      5. 6.2.5 FRANKE Holding AG

      6. 6.2.6 GKN Aerospace (Melrose Industries PLC)

      7. 6.2.7 Magellan Aerospace Corporation

      8. 6.2.8 Safran Nacelles (Safran)

      9. 6.2.9 Rolls-Royce plc

      10. 6.2.10 Sky Dynamics Corporation

      11. 6.2.11 The NORDAM Group LLC

      12. 6.2.12 Triumph Group Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aircraft Exhaust Systems Industry Segmentation

As exhaust systems are necessary to operate continuously in extreme temperatures, they are made of advanced metals and alloys with a low weight profile and high fusion point to withstand extreme operating conditions. The market study includes the various parts and components integrated into an aircraft exhaust system, such as the exhaust cone, exhaust pipe, exhaust nozzle, and turbochargers. The study also takes into account the auxiliary power unit (APU) installed in the system and, hence, considers the constituent components, such as the APU exhaust liner and APU exhaust tube. The other systems include components like an exhaust screen and an exhaust cowl.

The market estimates are based on line-fit installations of the exhaust systems into the aircraft engines of new-generation aircraft being procured by operators around the world and do not include the sales and replacement of individual components.

The aircraft exhaust systems market is segmented by aviation type, system, and geography. By aviation type, the market is segmented into commercial, military, and general aviation. By systems, the market is segmented into engine exhaust, APU exhaust, and other systems. The report also covers the market sizes and forecasts for the aircraft exhaust systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Aviation Type
Commercial Aviation
Military Aviation
General Aviation
System
Engine Exhaust
APU Exhaust
Other Systems
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Turkey
South Africa
Rest of Middle East & Africa
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Aircraft Exhaust Systems Market Research FAQs

The Aircraft Exhaust Systems Market size is expected to reach USD 1.06 billion in 2024 and grow at a CAGR of 6.49% to reach USD 1.45 billion by 2029.

In 2024, the Aircraft Exhaust Systems Market size is expected to reach USD 1.06 billion.

Triumph Group Inc., Magellan Aerospace Corporation, Rolls-Royce plc, Transdigm Group, Inc. and GKN Aerospace (Melrose Industries PLC) are the major companies operating in the Aircraft Exhaust Systems Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Aircraft Exhaust Systems Market.

In 2023, the Aircraft Exhaust Systems Market size was estimated at USD 0.99 billion. The report covers the Aircraft Exhaust Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Exhaust Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aircraft Exhaust Systems Industry Report

Statistics for the 2024 Aircraft Exhaust Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Exhaust Systems analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Aircraft Exhaust Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)