Global Aircraft Thrust Reverser Actuation Systems Market 2018-2022
About Aircraft Thrust Reverser Actuation Systems
Thrust reversers are used as braking method during landing and are operated by thrust reverser actuation systems.
Technavio’s analysts forecast the global aircraft thrust reverser actuation systems market to grow at a CAGR of 6.86% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global aircraft thrust reverser actuation systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aircraft Thrust Reverser Actuation Systems Market 2018-2022
Technavio recognizes the following companies as the key players in the global aircraft thrust reverser actuation systems market: Honeywell International, PARKER HANNIFIN, Safran, UNITED TECHNOLOGIES, and Woodward.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is additive manufacturing for thrust reverser actuation system components. Additive manufacturing or 3D printing is gaining prominence in the production process of thrust reverser actuation system components as they allow manufacturers to produce intricately shaped and lightweight components.”
According to the report, one driver in the market is need for thrust reverser to tackle adverse climatic conditions during landing. The need for thrust reverser is high as it acts as an additional braking system in case of a failure in the main braking system during landing. As a result, it offers control and safety margins in case of aborted landings and takeoffs.
Further, the report states that one challenge in the market is delay in delivery due to technical glitches. With the rise in technological advances and increased use of enhanced systems, manufacturers of various aircraft parts, components, and sub-assemblies are pressurized to meet the increasing demand and rapid delivery times and resolve budget constraints.
Honeywell International, PARKER HANNIFIN, Safran, UNITED TECHNOLOGIES, and Woodward.