Market Size of Aircraft Thrust Reverser Actuation Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.72 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Middle East and Africa |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aircraft Thrust Reverser Actuation Systems Market Analysis
The aircraft thrust reverser actuation systems market is anticipated to register a CAGR of 8.72% during the forecast period.
- The COVID-19 pandemic had a negative impact on the aircraft thrust reverser actuation systems market. The onset of the pandemic resulted in the grounding of flights as well as lockdowns being imposed worldwide to curb the spread of the virus. The imposition of the lockdown created a global disruption both in terms of supply and demand. However, post the removal of lockdown restrictions, air travel demand has surged, encouraging airlines to undertake fleet expansion and modernization initiatives.
- Though there are still some supply chain bottlenecks that affect the aircraft thrust reverser actuation systems market, the market is expected to grow in tandem with the OEM and aftermarket demand for such systems. Furthermore, the emerging emission regulation landscape is also anticipated to drive investments in electronic thrust actuation systems. Currently, the target, clam-shell, and cold stream systems are the three most prevalent types of thrust reversal systems that are used in jet engines.
- The growing adoption of additive manufacturing technologies is also anticipated to have a profound effect on the market as it lowers the overall production and maintenance costs of critical components of aircraft thrust actuation systems.
