USD 1.01 billion
Aircraft Exhaust System Market Size, Share, Growth Analysis, By Component(Exhaust Pipe, Auxiliary Power Unit Exhaust Liner, Auxiliary Power Unit Exhaust Tube, Exhaust Cone), By System(Auxiliary Power Unit Exhaust Engine, Piston Engine, Short Stack System, Collector System), By Mechanism(Hydraulic, Manual), By End-User(Original Equipment Manufacturer (OEM), Maintenance, Repair & Overhaul (MRO)), By Aviation(Commercial Aviation, Military Aviation, Business Aviation, Others (Private and Cargo)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20S2018 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
153
|Figures:
76
Aircraft Exhaust System Market Insights
Global Aircraft Exhaust System Market size was valued at USD 1.01 billion in 2022 and is poised to grow from USD 1.09 billion in 2023 to USD 2.04 billion by 2031, at a CAGR of 8.13% during the forecast period (2024-2031).
The rapid increase in air passengers and the strong demand for new aircrafts are two factors that propels the development of the aircraft exhaust system market.
Secondly, the market share for aircraft exhausts also receives a boost in demand for lightweight energy efficient and reduced gas emissions aircraft. The development of 3D printing technology for the fabrication of exhaust systems as well as their use in system improvement and advancement also stimulate industrial growth.
On the other hand, high installation and operating costs are likely to constrain global aircraft exhaust system markets. There is a backlog of new aircraft deliveries, and regulators & laws about safety and maintenance of the aircrafts. All these factors are taking their toll on market growth in the aviation wearable Exhaust System.
Their exhaust systems increase the efficiency of aircraft fuel, so they increase the productivity and total effectiveness of aircraft. These systems carry off toxic emissions from the engine and fuselage to protect the aircraft and its passengers. Besides governments and major firms are enacting programs, so that the technological upgrade of aircraft exhaust systems is another significant factor contributing to market revenue growth.
For instance, the development of the next-generation combat aircraft is currently being developed. These efforts include enhancing stealth aircraft and fighter plane designs to give exhaustible heat minimization and passive sensors installation to lower electromagnetic (EM) emissions.
Likewise, the Defence Advanced Research Projects Agency (DARPA) of the United States is researching Active Flow Control (AFC) as part of its X-Plane Control of Revolutionary Aircraft with Novel Effectors (CRANE) Programme.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Exhaust Nozzle
Fastest Growth
Exhaust Nozzle
Growth Rate
8.13% CAGR
Global Aircraft Exhaust System Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Aircraft Exhaust System Market Segmental Analysis
Global aircraft exhaust system market is segmented based on component, system, mechanism, end user, aviation type, and region. By component, the market is segmented into exhaust pipe, auxiliary power unit exhaust liner, auxiliary power unit exhaust tube, exhaust cone, turbo charger, and exhaust nozzle. By system, the market is segmented into auxiliary power unit exhaust engine, piston engine, and engine exhaust system. The piston engine is further subdivided into a short stack system and collector system. The engine exhaust system is further divided into turbofan, turboprop, turboshaft and reciprocating (piston based). By mechanism the market is segmented into hydraulic and manual. By end user, the market is segmented into original equipment manufacturer (OEM), and maintenance, repair & overhaul (MRO). By aviation type, the market is segmented into commercial aviation, military aviation, business aviation, and others (private and cargo). By Region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Component
In 2022, the exhaust nozzle accounted for the largest market share in the global aircraft exhaust market. Based on SkyQuest analysis, we found that the reasons for its leading position are that it ensures that aren't constantly coming down from well powered cruises to thrash along at low enough speeds to squeeze through an overhead pier when they need in this case, the significance of the exhaust nozzle is not just its ability to generate thrust but also that it can help reduce noise reduction being a must in modern aviation.
Sturdiness and corrosion resistance are among the key features that underpin the revenue share of the exhaust nozzle segment. Such longevity is particularly important because exhaust nozzles are exposed to the high temperatures generated by engine operation. These nozzles are made of inconel, stainless-steel alloys and titanium. They can withstand the harshest operating conditions. Inconel, a nickel-chromium alloy, is also used more than any other material in the manufacture of exhaust nozzles. It is chosen for its capability to endure the severe thermal and mechanical stresses that exist in aviation applications.
Our analysis also reveals that the turbochargers segment will show a relatively rapid growth rate in terms of revenue in the global aircraft exhaust system market. The reason behind this growth trend is that turbochargers can increase thrust and speed by burning more fuel and compressing incoming air. In the longer run, turbochargers also make aircraft engines more efficient, lighter in weight and capable of operating at higher altitudes. These improvements lead to increased speed of flight.
Global Aircraft Exhaust System Market By End use
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Aircraft Exhaust System Market Regional Insights
The Asia-Pacific region is expected to register the highest demand for this aircraft exhaust systems market over the forecast period. The rising orders for new aircraft, stoked by the ever-increasing passenger traffic in the region, is behind the demand. IATA forecasts the Boeing 757 to become the first long-distance turbine aircraft. China will eventually become the world's largest aviation market in around a decade, by the mid-2020s. The Ministry of Aviation (India) indicates that by 2030 there will be 80-90 new airports, of which heliports and water aerodromes will account for a number. These include the ones being actively designed and built under central or state government banners at places such as Greenfield sites, etc., with small sized airfields So it was the huge market that encouraged aircraft OEMs to hatch strategic expansion plans that would further penetrate this region.
Moreover, the Asian-Pacific region had the second highest military investment in the world. The turbulent geopolitical environment arising in the area has led to all countries simultaneously embarking on programs for modernizing navy fleets which are meant to bolster a country's air defense. One such example is China's planned defense outlays for 2023, which zoomed up to US $ 225 billion. This represents a 7.2 % increase over the previous year and marks the eighth consecutive year of rising military expenditures since its first published figures in 1999. Thus, India also submitted USD 72.6 billion in defense expenditure for the 2023-4 financial year (FY), an increase of 13 % from initial estimates for the FAST period. In an effort to increase the number of fighter jets it has on hand; it is looking at increasing the size of its fighter fleet. These developments will provide a significant growth impetus to the aircraft exhaust systems market over the forecast period.
Global Aircraft Exhaust System Market By Region
- Largest
- Fastest
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Aircraft Exhaust System Market Dynamics
Drivers
Rising Investment in R&D is expected to drive the market growth
- Rising investment in Research & Development (R&D) on exhaust systems and environmentally friendly emission technology is expected to be a major factor driving market revenue growth through the forecast period. For instance, In September 2021, the U.S. Federal Aviation Administration (FAA) announced a research agreement with GE Aviation for R&D aimed at developing breakthroughs in noise and emissions-reducing technology for aircraft engines. Under the FAA's CLEEN initiative, GE and the U.S. FAA will invest US $ 54.7 million over five years to help drive the development of a variety of environmentally friendly aircraft technologies including open fan engine architecture, electrification and noise-reducing techniques.
- Also, the ever-increasing tendency to apply various strategies for reducing NOx emissions, and combining exhaust components gasses and vapors into combustion chambers is another market driver. It also leads to improvements in fuel efficiency and reductions in contrail forming emissions. For instance, in November 2022, a group of aerospace technological companies announced the establishment of an association co-operating with the European Union Clean Aviation Joint Undertaking (Clean Aviation) as one who supports. These companies will develop water-enhanced and hybrid-electric turbofan technology for future aircraft propulsion systems through this association. Pratt & Whitney, MTU Aero Engines AG (MTU), GKN Aerospace, Airbus, Collins Aerospace (Collins) and others will present the concept that these technologies may be able to reduce aircraft CO2 emissions by 20-25 % compared.
Restraints
High maintenance costs may stymie the market growth
- Based on SkyQuest analysis, we found that high maintenance cost is one of the major challenges in the global aircraft exhaust system market. This challenge poses a significant hurdle for key players operating in the market, potentially hindering their ability to make strategic investments and impeding overall market growth. Aircraft exhaust system intricacies Exhaust system expense Emerging as an issue of concern, this is casting a shadow over the market's growth path.
- Several factors contribute to high maintenance costs in the Aircraft Exhaust System Market. In the first place, these systems are complex and high-tech; thus inspection, repair and all-around maintenance of them require specialized skills and materials. Its complex design and mixture of materials inconel, stainless-steel alloys and titanium necessitate rigorous maintenance procedures in order to maximize performance and conform with strict air safety regulations.
- Moreover, because of the extremely severe operational environment to which aircraft exhaust systems are exposed, inspections and exchanges also come frequently, requirements that only add to maintenance costs. Due to the high temperatures, corrosion and mechanical stresses encountered in operation, these parts must undergo frequent and regular operational maintenance in order that they can perform their critical functions over an extended period.
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Aircraft Exhaust System Market Competitive Landscape
The aircraft exhaust systems market is dominated by a small number of important vendors that compete at the international level. This is a highly competitive market, and the players compete to have the largest share. Design constraints on the design of aircraft exhaust systems, and cancellation of aircraft orders for reasons involving the macroeconomic environment, restrict market growth. In a fiercely competitive market environment, vendors must offer advanced systems to the aircraft OEMs in order to survive. Leading market players are GKN Aerospace (Melrose Industries PLC), Triumph Group Inc., Magellan Aerospace Corp., Rolls-Royce plc and Esterline Technologies Corporation (Transdigm Group Inc.). The players compete mostly through in-house manufacturing, global footprint networks and a stable product portfolio. They also invest heavily in R & D. In addition to that their customer base is relatively large and strong as well. In addition, due to the rapid increase in air passenger traffic, aircraft procurement rate also increased rapidly and this is another driving force for market development throughout the forecast period. Because of the extension and technological developments, competition in the market will become even more intense. For example, in March 2023 Power Flow Systems is celebrating the delivery of their 6500th system since their fist tuned exhaust system back in 1999. The company also expanded its Daytona Beach and Florida branch production facility, as well as the workforce.
Top Player’s Company Profiles
- Rolls-Royce Holdings plc
- Safran S.A.
- Honeywell International Inc.
- MTU Aero Engines AG
- Pratt & Whitney (a division of Raytheon Technologies)
- CFM International (a joint venture of GE Aviation and Safran)
- Leonardo S.p.A.
- Aerojet Rocketdyne Holdings, Inc.
- Meggitt PLC
- GKN Aerospace (now part of Melrose Industries PLC)
- Ducommun Incorporated
- Triumph Group, Inc.
- Senior plc
- AIM Aerospace, Inc.
- Nordam Group, Inc.
- Esterline Technologies Corporation
- Magellan Aerospace Corporation
- Woodward, Inc. and More
Recent Developments
- In August 2023, Aerometals received a multi-product order from Black Widow Helicopters. This order includes 25 engine inlet barrier filters (IBF) for the Airbus H125 platform and 22 turbine lightweight straight pipe exhaust systems and IBF for its UH-60 modernization program.
- In May 2023, The Boeing Company officially signed an extension agreement with Magellan Aerospace Corporation to manufacture the nacelle exhaust systems for the B767 program. The contract extension was intended to guarantee supplies of Magellan's acoustic plug and nozzle exhaust assemblies for the B767 program.
Aircraft Exhaust System Key Market Trends
- The rush to sustainability and environmentally responsible aviation is one of the major trends shaping the global aircraft exhaust systems market. According to our SQ analysis, the development in this sector hinges on the adoption of emerging technologies aimed at mitigating the environmental impact of aircraft. To be more precise, manufacturers are prioritizing the use of lightweight materials, including advanced alloys and cutting-edge composites, particularly in the crafting of exhaust systems. In line with this significant transition, the incorporation of lighter components plays a crucial role in enhancing fuel efficiency and concurrently minimizing emissions.
- Overcoming efficiency obstacles thus amounts to a major pillar in the evolution of aircraft exhaust systems. Cutting-edge engineering and design techniques are being used systematically to enhance the running performance of both aircraft engines and exhaust systems. In particular, this integrated approach includes the improvement in exhaust gas flow, which is a key aspect of enhanced operational efficiency. On a related note, as the aviation industry is working toward its current objective of sustainable flight, manufacturers have also been using high-tech equipment incorporating parts and materials that do not sacrifice efficiency for the sake of environmental considerations.
Aircraft Exhaust System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types of teams that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aircraft exhaust system market analyses, the market's development reflects the organic growth of the aviation industry. During the forecast period a lot of aircraft deliveries are expected to take place. The players of the aviation industry are seriously developing new aircraft propulsion technologies to improve performance characteristics for newer-generation aircraft.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.01 billion |
| Market size value in 2031 | USD 2.04 billion |
| Growth Rate | 8.13% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aircraft Exhaust System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aircraft Exhaust System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aircraft Exhaust System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Exhaust System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Exhaust System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Exhaust System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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