Aircraft Engine Nacelle Industry - Regional Synopsis
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.
