By 2028, the global $1.1 billion nacelle drive system market: the number of new airlines continues to increase, and the demand for maintenance of the old fleet continues to grow

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Dublin, June 2, 2021 (Global News Agency) – “The size, share and analysis of the cabin drive system market, by platform (commercial aircraft, military aircraft, business jet), by organization (hydraulic, electric), by end use (OEM, maintenance and overhaul), by region, by 2028 Global Forecast” Report has been added to ResearchAndMarkets.com provide.

It is estimated that the global engine room drive system market will reach USD 1,161.4 million in 2028, with a compound annual growth rate of 5.9% during the forecast period.

The increasing number of new airlines in the fleet and the increasing demand for maintenance of the old fleet are all key factors driving market revenue growth.

Increase the expenditure on the development of technologically advanced nacelle drive systems, such as the electric thrust reverse drive system (ETRAS), and implement additive manufacturing and 3D printing to manufacture these systems.

The development of new generation aircraft engines and components, coupled with the increasing demand for noise reduction and fuel-efficient drive systems, are the main factors driving market growth.

In addition, the strict safety regulations implemented by governments around the world and the increasing use of cabin drive systems due to the requirements for the deceleration process are other major factors supporting the growth of the global cabin drive system market.

The revenue growth of the global cabin drive system market is directly proportional to the growth of the global aviation industry and the increase in the number of aircraft. Therefore, the increase in fleet expansion projects, the rising trend of air travel, and the demand for advanced aircraft to improve passenger safety and travel experience are factors driving market growth.

The high cost and complex process of repairing/renovating aircraft nacelles may hinder the adoption of nacelle drive systems and inhibit market growth.

Some of the main findings in the report:

  • Among the platform segment, the commercial aircraft segment will account for the largest share of revenue in 2020 and is expected to continue to contribute the main revenue share during the forecast period.
  • Among the machinery segment, the hydraulic segment accounted for the main revenue share in 2020. The electric segment is expected to record a strong compound annual growth rate of revenue during the forecast period.
  • In the end-use market segment, the original equipment manufacturer (OEM) segment accounted for the largest share of revenue in 2020 due to increased investment and emphasis on the use of technologically advanced cabin drive systems to manufacture military and commercial aircraft and official services machine.
  • The North American market accounted for the largest share of revenue in 2020 due to the increasing expenditure on manufacturing advanced commercial aircraft and jet aircraft, as well as the increase in aircraft upgrade projects.
  • The European market accounted for the second largest revenue share in 2020 due to the maturity of the aviation industry and the high investment in increasing the fleet size due to the increasing trend of air travel.
  • It is expected that the Asia-Pacific market will record a strong compound annual growth rate of revenue during the forecast period and increase investment in the aviation sector to increase the size of the airline’s fleet.

Market indicator analysis

Market driver analysis

  • Increase in the number of aircraft
  • Increased demand for fuel-efficient and noise-reducing engine rooms

Market constraint analysis

  • Difficulty in maintenance or modification of aircraft nacelles
  • Market opportunity analysis

Regulatory framework

Porter’s Five Forces Analysis

PESTEL Engine Room Drive System Market Analysis

Report scope

Platform outlook

  • Commercial aircraft
  • Military aircraft
  • Business jet

Mechanism Outlook

End-use outlook

  • Original equipment manufacturer
  • Maintenance and overhaul

Companies mentioned

  • Woodward Corporation (United States)
  • Arkwin Industries (United States)
  • Honeywell International (United States)
  • Safran (France)
  • Collins Aerospace (United States)
  • Triumph Group (United States)
  • Parker Hannifin Corporation (United States)
  • Diaconte (United States)
  • Ametek (United States)
  • Norden (Norway)

For more information about this report, please visit https://www.researchandmarkets.com/r/s0ud98

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