Aircraft thrust reverser market trends 2020 – How booming tourism sector in Asia-Pacific region will influence the industry demand?
Category: #business  By Ronak Bora  Date: 2020-01-13
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Aircraft thrust reverser market trends 2020 – How booming tourism sector in Asia-Pacific region will influence the industry demand?

Aircraft thrust reverser market will be driven by steady expansion of commercial fleets over the coming years. The reverse thrust capabilities are essentially deployed to help decelerate the aircraft and lower the force on the brakes. The feature can effectively increase the rate of deceleration and reduce the distance of landing, or in the case of a rejected takeoff, it can reduce the distance of halting it.

Increasing disposable income across nations has induced consistent rise in the demand for air trips. This has encouraged the production of newer commercial aircraft by the manufacturers leading to the massive deployment of thrust reversers for safety concerns.

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Investments in projects for the production of a large number of technologically advanced commercial aircraft have also contributed to the growth. Boeing Aerostructures Australia had invested around $70 million for site improvements to be able to support a significant amount of growth for the 787 production in the near future.

The research and development sector in the Australian aerospace is sturdy and boasts numerous public-private partnerships that have helped the introduction of technologically advanced aircraft. There has been a considerable surge in tourism across the Asia-Pacific region. Rising disposable income at hand and cheaper airfare have proven to be favorable factors encouraging world tourism.

It was estimated that there were around 37.6 million visits to the U.K. by overseas residents in the year 2016 while around 70.8 million visits were made by U.K. residents overseas in the same year. The U.S. is the leading country in regard to international & travel and tourism exports while ranking third in terms of visitation.

The U.S. Department of Commerce has projected that the country will be welcoming 95.5 million international visitors every year by 2023. This will result in an increase in the major air traffic engagement, propelling aircraft thrust reverser market forecast substantially. 

The resin infusion technology for manufacturing thrust reversers has begun to be widely used as it helps use materials that cost low and do not necessarily need expensive autoclaves. This technology provides a major economic advantage on the heavily loaded and critical components.

Single-aisle aircraft are widely used in countries like China, India, and Indonesia on account of their cost-efficient features and the ability to cover longer distances. The airlines have begun focusing on smaller jets featuring single-aisle to ensure the seats are filled to the capacity. Increasing demand for single-aisle aircraft will strengthen aircraft thrust reverser market outlook.

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Expanding economy, rapid urbanization, growing wealth and prosperous regional connectivity supporting air travel has been observed in developing nations like India. Airbus, a major European aerospace, had predicted that India will be needing about 1,750 new cargo as well as passenger aircraft in the coming 20 years to meet a higher passenger and freight traffic.

According to Airbus, the country will require 1,320 new single-aisle aircraft with the continuous growth of domestic air traffic. Boeing had anticipated that 80% of the aircraft demanded in India is likely to be a single-aisle aircraft in the coming years, which have seating capacity of 90 to 200 passengers. Undoubtedly, favorable projections with regard to manufacturing in the aviation sectors in APAC will reinforce aircraft thrust reverser market trends.

Some Points From Table Of Content: -

Chapter 4.    Aircraft Thrust Reverser Market, By Product

4.1. Global aircraft thrust reverser market share by product, 2016 & 2024

4.2. Cascade

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013-2024

4.3. Pivot door

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013-2024

4.4. Bucket

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013-2024

Chapter 5.    Aircraft Thrust Reverser Market, By Aircraft

5.1. Global aircraft thrust reverser market share by aircraft, 2016 & 2024

5.2. Large Widebody

5.2.1. Market estimates and forecast, 2013-2024

5.2.2. Market estimates and forecast, by region, 2013-2024

5.3. Medium Widebody

5.3.1. Market estimates and forecast, 2013-2024

5.3.2. Market estimates and forecast, by region, 2013-2024

5.4. Small Widebody

5.4.1. Market estimates and forecast, 2013-2024

5.4.2. Market estimates and forecast, by region, 2013-2024

5.5. Single Aisle

5.5.1. Market estimates and forecast, 2013-2024

5.5.2. Market estimates and forecast, by region, 2013-2024

5.6. Regional Jets

5.6.1. Market estimates and forecast, 2013-2024

5.6.2. Market estimates and forecast, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @  http://decresearch.com/toc/detail/aircraft-thrust-reverser-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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