Email
Print
Market Overview:
The Aircraft Engine Nacelle Market size is estimated to reach $8.8 Billion by 2030, growing at a CAGR of 6.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Aircraft Engine Nacelle Market - By Engine Type (Turbofan, Turboprop, Turbojet, Others), By Material (Aluminum Alloys, Composites, Titanium Alloys, Stainless Steel, Others), By Product (Rear Mounted Nacelle, Pylons Under Wing, Clipped At Wing), By Application (Commercial Aircraft, Business Jets, Military Aircraft, General Aviation), By End-User (OEMs (Original Equipment Manufacturers) and MRO (Maintenance, Repair, Overhaul)) and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030”.
The increasing demand for fuel-efficient aircraft, coupled with the growth of commercial aviation and stringent noise regulations, is propelling the aircraft engine nacelle market. Advancements in engine technology and the growing need for aftermarket services further contribute to market growth.
North America Dominated the Market in 2023:
North America holds 40% market share of aircraft engine nacelle market. This high demand necessitates a robust fleet of aircraft, including both commercial and private jets. FAA's Air Traffic Organization (ATO) provides service to more than 45,000 flights and 2.9 million airline passengers across more than 29 million square miles of airspace. This strong domestic demand directly translates into a need for new aircraft and their associated components, including engine nacelles. As airlines in North America expand their fleets to meet growing passenger demand, the demand for nacelles is likely to increase accordingly.
Aircraft Engine Nacelle Market: Key Takeaways
Focus on Fuel Efficiency and Sustainability
There is growing pressure on the aviation sector to increase fuel efficiency and lessen its environmental impact. Governments worldwide are imposing stricter regulations on aircraft emissions, including carbon dioxide and nitrogen oxide. In February 2024, the Federal Aviation Administration published its final rule to reduce the carbon emissions of larger aircraft. The rule, which goes into effect on April 16, 2024, requires manufacturers to implement more fuel-efficient technologies on newly built planes after January 1, 2028. As a result, manufacturers are now heavily focused on creating cutting-edge nacelle technologies that support these objectives and meet consumer demands for more environmentally friendly travel options by purchasing planes with lower fuel consumption.
For More Queries About "Aircraft Engine Nacelle Market " @ https://www.industryarc.com/reports/request-quote?id=512049
Aftermarket services
Aftermarket services play a crucial role in the aircraft engine nacelle market. These services encompass a wide range of activities, including maintenance, repair, and overhaul (MRO), spare parts supply, and technical support. According to Aviation Week, Boeing aircraft accounted for the largest share of MRO demand during the 2025-2034 forecast period, capturing 49% of the $1.4 trillion market, or over $680 billion and Airbus followed with 44% of the total, valued at $612 billion, according to Aviation Week's new Commercial Fleet & MRO Forecast. Therefore, aftermarket services play an essential role in the aircraft engine nacelle market by enhancing operational efficiency, extending nacelle lifespan, and providing cost-effective solutions to fleet operators.
Scope of the Report:
Recent development
- In April 2024, Safran Nacelles and Sky Airline announced a multi-year service agreement of the Airbus A320neo family fleet, powered by the CFM International LEAP-1A turbofan engines. Under this agreement, Sky Airline has access to a full shared pool of large nacelle components at any time, ensuring the availability of the equipment to address any in-service issues promptly.
- In March 2024, flyadeal, the low-cost carrier and a subsidiary of Saudia Group, signed today a long-term agreement with Safran Nacelles at the MRO Middle East in Dubai. The agreement focused on the comprehensive support of nacelles for flyadeal's Airbus A320neo family fleet, powered by the CFM International LEAP-1A turbofan engines
- In January 2024, A strategic partnership was forged between GMR Aero Technic and Spirit Aero Systems, one of the world’s foremost manufacturers (ORM) of aero structures as well. This groundbreaking partnership establishes a cutting-edge Aircraft Nacelle component repair service at the GMR Aero Technic Base Maintenance Facility in Hyderabad. This collaboration marks a significant milestone in GMR Aero Technic's MRO journey, establishing its role as a one-stop destination for Nacelle repair services.
Aircraft Engine Nacelle Market: Competitive Landscape
Key companies profiled in the Aircraft Engine Nacelle Market are GE Aerospace, Safran, Leonardo SpA, GKN Aerospace Services Limited, Spirit AeroSystems Inc., RTX, NORDAM Group LLC, Aernnova Aerospace SA, Magellan Aerospace Corporation, FACC AG and others.
Related Reports:
Aircraft Engine Blades Market - The Aircraft Engine Blades Market size is estimated to reach $49 Billion by 2030, growing at a CAGR of 5.4% during the forecast period 2024-2030. The market for aircraft engine blades is driven by several interlinked factors such as growing global demand for air travel, fleet expansion & replacement cycles and technological advancements are shaping both current dynamics and future growth opportunities.
Aircraft Seals Market - The Aircraft Seals Market size is valued at $3.3bn in 2022 and is expected to reach a value of $4.7 Billion by 2030 at a CAGR of 4.4% during the forecast period 2023-2030. The global aircraft seals market is driven by factors such as increasing demand for aircraft and rising focus on passenger safety. The market is also expected to benefit from advancements in materials technology and increasing use of composite materials in aircraft manufacturing.
Commercial Aircraft Leasing - Commercial Aircraft Leasing Market is forecast to reach $325 billion by 2030, after growing at a CAGR of 7.9% during 2024-2030. The growth of the commercial aircraft leasing market is attributed to the increasing air traffic volume. This leads to a corresponding increase in the need for aircraft to meet the demand which in turn, drives the demand for aircraft leasing.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727