Aircraft Engine Nacelle Market Overview
Aircraft Engine Nacelle Market size was valued at USD 3.9 Billion in 2022. The Aircraft Engine Nacelle industry is projected to grow USD 6.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.40% during the forecast period (2022 - 2032).
Aircraft engine nacelles are components that are made up of composites, titanium alloys, nickel-chromium, stainless steel, and aluminum alloys. There are different types of aircraft engine nacelles, such as rear mounted nacelle, pylons under wing, and clipped at wing. Aircraft engine nacelles have applications in civil jet, business jet, private jet, and other aircraft, including military aircraft.
Global Aircraft Engine Nacelle Market is growing at a rapid rate due to the increase in air passenger traffic and the subsequent demand for new aircraft, increased demand for fuel-efficient and noise-reducing nacelles, and decline in the cost of composite materials. However, backlogs in aircraft deliveries are expected to hamper the growth of the market during the forecast period.
There has been a significant increase in demand for aircraft engine nacelles with the increasing demand for new aircraft. A nacelle is a vital component of an aircraft. It is used to house an aircraft engine, fuel, and various systems of an aircraft engine. Therefore, the increase in air passenger traffic and subsequent demand for new aircraft are expected to drive the growth of the global aircraft engine nacelle market during the forecast period.
Global Aircraft Engine Nacelle Market has been segmented based on type, material, application, and region. By type, segments of the market are rear mounted nacelle, pylons under wing, clipped at wing, and others. By material, the market has been classified as composites, titanium alloys, nickel chromium, stainless steel, and aluminum alloys. Based on the application, the market has been divided into civil jet aircraft, business jet aircraft, private jet aircraft, and others.
Aircraft Engine Nacelle Market Segmentation
The nickel alloys segment is expected to grow at the highest CAGR during the forecast period.
Nickel chromium has good hardness, strength, and corrosion-resistant characteristics and is used in heat-processed forgings that need higher hardness and strength as compared to plain carbon steels. Owing to their excellent corrosion resistance and good hardness nickel chromium alloys have been widely used in aircraft components from the last few years.
- By Type: Rear Mounted Nacelle, Pylons Under Wing, Clipped at Wing, and Others
- By Material: Composites, Titanium Alloys, Nickel Chromium, Stainless Steel, and Aluminum Alloys
- By Application: Civil Jet Aircraft, Business Jet Aircraft, Private Jet Aircraft, and Others.
- By Region: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Aircraft Engine Nacelle Market Regional Analysis
Global Aircraft Engine Nacelle Market has been segmented, by region, into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.North America accounted for the largest market share in 2018. It is expected to be the largest market for aircraft engine nacelles during the forecast period.
The regional market growth is primarily driven by the high product demand from the players based in the US and Canada. It is expected that approximately 10,000 aircraft would be in service in the region by 2035, which is expected to create additional opportunities for the players operating in the North America aircraft engine nacelle market. Moreover, the increasing revenues of airlines headquartered in the region are also projected to boost the growth of the market. According to the International Air Transport Association (IATA), North American carriers are expected to generate USD 6.5 billion in net profits in 2032. However, the ongoing COVID-19 pandemic is expected to hamper the growth of the market in the region.
Aircraft Engine Nacelle Market Key Companies
The Key Players in the Global Aircraft Engine Nacelle Market are Safran (France), United Technologies Corporation (US), Leonardo SpA (Italy), Bombardier (Canada), ST Engineering (Singapore), Nexcelle (US), GKN Aerospace Services Limited (UK), Triumph Group (US), Aernnova Aerospace S.A. (Spain), and Barnes Group Inc. (US).
Key Developments
In October 2019
Safran provided nacelle systems for Gulfstream Aviation's G700 business jet. The contract enabled the company to expand its customer base.In October 2019
Safran signed an agreement with Virgin Atlantic Airways Ltd to provide MRO services for the latter’s Airbus A330ceo fleet of thrust reversers. The agreement enabled the company to expand its customer base.In September 2019
Safran signed a contract with All Nippon Airways to provide MRO services for the latter’s A380 jetliner fleet nacelles.
Report Attribute/Metric |
Details |
Market Size2022 |
USD 3.9 Billion |
Market Size2032 |
USD 6.5 Billion |
Compound Annual Growth Rate (CAGR) |
2.40% (2022-2032) |
Base Year |
2021 |
Market Forecast Period |
2022-2032 |
Historical Data |
2019- 2020 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Type, Material, Application, Region |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Safran (France), United Technologies Corporation (US), Leonardo SpA (Italy), Bombardier (Canada), ST Engineering (Singapore), Nexcelle (US), GKN Aerospace Services Limited (UK), Triumph Group (US), Aernnova Aerospace S.A. (Spain), and Barnes Group Inc. (US) |
Key Market Opportunities |
The increase in air passenger traffic and subsequent demand for new aircraft |
Key Market Dynamics |
The high product demand |
Aircraft Engine Nacelle Market Highlights:
Frequently Asked Questions (FAQ) :
The global aircraft engine nacelle market will be expanding at 2.40% CAGR in the future.
The growth period for the global aircraft engine nacelle market is 2022–2032.
Global Aircraft Engine Nacelle Market is growing owing to the surge in air passenger traffic and the subsequent demand for new aircraft, amplified demand for fuel-efficient and noise-reducing nacelles, as well as turn down in the cost of composite materials.
North America occupied 2.40% share of the global aircraft engine nacelle market in 2032.
Europe, North America, Middle East & Africa, Asia-Pacific, and Latin America are the regions studied to understand the dynamics of the market regionally.