Aircraft Engine Nacelle Market size was over USD 4.07 billion in 2024 and is anticipated to cross USD 5.61 billion by 2037, witnessing more than 2.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of aircraft engine nacelle is estimated at USD 4.16 billion.
The growth of the aircraft engine nacelle market can be attributed to the rising demand for aircraft engine nacelle for protection from fire, increase in the number of air passengers and growing advancements in engine and nacelle technology. Furthermore, intensifying development of noise-reducing and fuel-efficient engine nacelles is also projected to drive market growth. In addition to these, escalating trend for 3D-printed engine nacelles is expected to offer ample opportunities to the market in the near future.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
2.5% |
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Base Year Market Size (2024) |
USD 4.07 billion |
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Forecast Year Market Size (2037) |
USD 5.61 billion |
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Regional Scope |
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The aircraft engine nacelle market is segmented by material into titanium alloys, aluminum alloys, nickel chromium and composites, out of which, the aluminum alloys segment is anticipated to hold the largest share in the aircraft engine nacelle market on account of their properties such as high temperature endurance and strength, corrosion resistance and ductility. Additionally, based on engine type, the segment for turbofan is evaluated to witness the highest growth over the forecast period owing to the high usage of turbofan-based aircraft in regional and commercial airlines and the ability of this engine to increase thrust with lesser fuel consumption.
Moreover, by end user, the OEM segment is predicted to grow with the highest CAGR in the coming years, which can be credited to the fact that OEMs are solely responsible for the installation of aircraft engine nacelles and related components.
Our in-depth analysis of the global market includes the following segments
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By Material |
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By Engine Type |
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By End-Users |
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North America Market Statistics
On the basis of geographical analysis, the aircraft engine nacelle market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa.North America industry is set to hold largest revenue share by 2037, on the back of growing demand for new aircraft, continuous replacement of ageing fleet and strong presence of key companies in the region.
APAC Market Analysis
However, Asia Pacific’s market is evaluated to witness the highest CAGR during the forecast period, which can be ascribed to the growing demand for fuel-efficient nacelles and increasing modernization of the aviation industry in the region. Furthermore, rapid rate of industrialization and rising aircraft expenditure in countries namely, China and India, is also anticipated to drive market growth in the future. For instance, China’s industrial production reached almost 14% YoY in March, 2021. The growth rate increased by more than 7% from the previous month.
March 03, 2021: Triumph Group and AFI KLM E&M are all set to provide an expanded nacelle MRO services for customers in the Americas.
February 14, 2020: The maiden flight of Gulfstream G700 went airborne with Safran’s latest Pearl 700 nacelle for large-cabin business jets.
Author Credits: Dhruv Bhatia
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