Commercial aviation sector is expected to contribute majorly compared to others in the global aerospace industry owing to surging demand for commercial jet airliners with burgeoning air passenger traffic. Nearly every aircraft utilized for regional and commercial travel functions on the principles of aircraft exhaust system that are turbofan based, which are identified as the most demanding and expensive compared to others. With increasing delivery of fighter aircraft, military aviation sector is likely to pose notable opportunities for growth of aircraft exhaust system market.
Exhaust Systems with Reduced Greenhouse Emissions to Be Emerging Trend In Aircraft Exhaust System Market
Need for development of new and advanced exhaust systems that enables in reducing pollution, thereby increasing engine power by means of superchargers is expected to contribute significantly towards growth of aircraft exhaust system market. Growing demand for lightweight sound suppressant and low-drag exhaust components is expected to further fuel the growth of aircraft exhaust system market. However, high installation and manufacturing cost with crucial maintenance and operational charges are expected to significantly hinder the growth of aircraft exhaust system market.
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Developing Regions to Contribute Significantly Towards Revenue Sales in Aircraft Exhaust System Market with Surging Demand for New Aircrafts
Lower crude oil prices with decreasing airline ticket prices has led to rising demand for air travel compared to rail or road, which in turn creates significant growth opportunities for Europe aircraft exhaust system market. North America aircraft exhaust system market is likely to witness notable growth with surging demand for new aircrafts and replacement of the aging fleets. Rapidly increasing demand for commercial aircraft in APAC owing to increasing number of commercial airlines underpinned by burgeoning number of regional travel rates is expected to drive the region’s market growth.
Enhancing Operations & Customer Service to Be the Current Focal Point of Aircraft Exhaust System Market Manufacturers
Manufacturers in aircraft exhaust system market are taking immense efforts in expanding their market shares by means of R&D investments and activities for minimizing weight, drag as well as aircraft fuel consumption, which in turn results in attaining greener environment.
- Safran Nacelles: The aircraft exhaust system market player has been taking immense efforts in expanding its presence across China for developing cutting edge jet engine nacelles. Safran Nacelles has been entering into several collaborations with growing demand for its nacelle systems that helps in improved facilitated maintenance and fuel consumption along with enhanced thrust reverser efficiency. The company is in talks to manufacture components for nacelle system of jetliner, which in turn dives in production opportunities for aircraft exhaust system market.
- UTC Aerospace Systems: The aircraft exhaust system market player has taken a major step in signing an agreement of FlightSense OSS (On-Site Support) with China Southern Airlines, which is a 10year deal for supplying repair services and spare parts. This deal will also enhance supply chain operations of China Southern Airlines by utilizing cutting-edge technology as well as inventory support, which in turn would enable in shortening repair times of the airline. Along with improvement in operations and customer service, demand and supply of aircraft exhaust system is also expected to increase at a rapid pace.
- Magellan Aerospace Corporation: The aircraft exhaust system market player recently received a 6year extension agreement with Airbus for manufacturing A350 XWB center wing box as well as keel beam detail portions. There has been information that the revenue generation form the work package would be over CDN $140Million dollars, based on the contract. The package also comprise of various large machined and structural components, which in turn dives in opportunities for manufacturing of aircraft exhaust system as well, thereby, contributing towards global market growth.
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Classification of Aircraft Exhaust System Market Is Done By End-Use, Engine Type, Exhaust System Type, and Aircraft Type
Based on end-use, aircraft exhaust system market has been segmented into
- Business aviation
- Military
- Commercial
Based on engine type, aircraft exhaust system market has been segmented into
- Turboshaft
- Turboprop
- Turbofan
- Others
Based on exhaust system type, aircraft exhaust system market has been segmented into
- Collector System
- Short Stack System
Based on aircraft type, aircraft exhaust system market has been segmented into
- Regional Transport Aircraft
- Very Large Body
- Wide Body
- Narrow Body
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Aircraft exhaust system market research report holds detailed analysis on the global market as well as consists of favorable insights and facts together with historical data. Aircraft exhaust system market data that are industry-authenticated and statistically supported have also been integrated in the global report. Forecasts based on methodologies and suitable set of norms have been incorporated in the aircraft exhaust system market report. In addition, the global report presents information and detailed study based on market bifurcations such as geographies, industry and end-uses.