Global Aircraft Exhaust System Market

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 2025-2032


Report ID: SQMIG20S2018 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 153 | Figures: 76

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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FAQs

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 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, 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. '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'

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.

The rush to sustainability and environmentally responsible aviation is one of the major trends shaping the 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.

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.

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Global Aircraft Exhaust System Market

Report ID: SQMIG20S2018

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