Market Share of Aircraft Exhaust Systems Industry
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
Triumph Group Inc.
Magellan Aerospace Corporation
Rolls-Royce plc
Transdigm Group, Inc.
GKN Aerospace (Melrose Industries PLC)
*Disclaimer: Major Players sorted in no particular order
