Apr 22, 2020 (Heraldkeepers) -- Market Overview
Exhaust system comprises pipes, cones and tubes that collects and disposes heat and gases being discharged by the engine without creating a fire hazard or leaking it into the cabin. This system is vital in enhancing performance and reducing noise of the engine. The aircraft exhaust system is necessary for both the engines and the auxiliary power unit (APU). The reciprocatory or piston engine has two types of exhaust systems, namely, collector system, short stack (open) system.
The key players in the Global Aircraft Exhaust System Market are Aerobraze Engineered Technologies (a part of Wall Colmonoy Corporation (US)), Aircelle (part of Safran SA (France)), Collins Aerospace (a part of United Technologies Corporation (US)), Doncasters Group Ltd. (UK), Esterline Technologies Corporation (US), GKN Aerospace (UK), Magellan Aerospace Corporation (Canada), Nexcelle (a MRAS/Safran joint venture (US)), Senior Aerospace (US) and Sky Dynamics Corporation (US).
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Global Aircraft Exhaust System Market has been segmented based on application, end-user, engine type and region.
Based on application, the aircraft exhaust system market is divided into civil aviation and military aircraft. The civil aviation segment is further segmented as commercial & cargo aviation, general aviation and business aviation. Over the years, large markets, such as the US, Europe, and Asia-Pacific witness increased expenses by the passengers, due to the rising income levels of the expanding middle-class population in these regions. Moreover, global air travel is made easy and available by low cost carriers, whilst airlines are increasing the services to various geographical locations. This results in an increased focus on the expansion of aviation industry, around the world. As of 2016, there were over 23,000 airplanes in service, and this number is expected to double itself, over the next 20 years. In addition, the increasing air travel in the Asia-Pacific region, especially in countries such as China, Indonesia, and India, has significantly contributed to the increased demand for new commercial aircraft, eventually resulting in increased engine components and fueling the market for exhaust system.
Based on end-user, the Aircraft Exhaust System Market is divided into OEM and Aftermarket. The OEM segment is estimated to account for the largest market share while the aftermarket segment projected to witness a higher CAGR during the forecast period as exhaust systems require timely checks, maintenance, and replacement in order to enhance safety.
Based on engine type, the aircraft exhaust system market is divided into turbine engine, piston, engine and APU. The piston engine segment is further segmented in terms of exhaust system type as collector system and short stack system. The collector system is used on almost all turbo-supercharged engines and improves nacelle streamlining.
Based on region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increasing demand for both commercial and combat aircraft and rise in number of airlines in countries such as China, and India.
Report Key Insights
Market Sizing, Forecast and Analysis: Detailed coverage on market segment and its sub segments
Regional / Country Trend and Forecast: Detailed analysis on North America, Asia Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each of the regions
Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter's five forces, supply chain & value chain analysis
Technology Trend, Regulatory Landscape, and Patent Analysis Outlook
Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, strategic developments including JVs, Product Launch, and M&A
Regional attractiveness and related growth opportunities
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