Aircraft Thrust Reverser Market Size, Share, Growth Analysis, By Aircraft(Commercial, Narrow-body, Wide-body, Regional), By Product(Cascade, Pivot, Bucket), By Mechanism(Hydraulics, Electrical), By Region - Industry Forecast 2024-2031

Aircraft Thrust Reverser Market size was valued at USD 2.55 billion in 2.64 and is poised to grow from USD 2.64 billion in 2023 to USD 3.48 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

Major aircraft thrust reverser companies account for a lion’s share in the aircraft thrust reverser marketplace and this can directly be attributed to their continual investments and focus on innovation in the aviation industry. Leading aircraft thrust reverser manufacturers are investing heavily in the research and development of advanced aircraft thrust reverser technologies. The substantial expertise of major firms in aeronautical engineering and their rising focus on partnerships with top airline companies also highlight the competitive landscape for aircraft thrust reverser space. 'Safran S.A. (France)', 'Collins Aerospace (United States)', 'Spirit AeroSystems (United States)', 'Woodward, Inc. (United States)', 'FACC AG (Austria)', 'UTC Aerospace Systems (United States)', 'Nexcelle (France)', 'Liebherr Group (Switzerland)', 'RUAG Group (Switzerland)', 'Aernnova Aerospace (Spain)', 'GKN Aerospace (United Kingdom)', 'Daher (France)', 'Barnes Group Inc. (United States)', 'Curtiss-Wright Corporation (United States)', 'Piper Aircraft, Inc. (United States)', 'Middle River Aircraft Systems (United States)', 'Ducommun Incorporated (United States)', 'Kaman Aerospace Corporation (United States)', 'AMETEK, Inc. (United States)', 'Triumph Group, Inc. (United States)'

Airlines are upgrading their fleets with more technologically advanced and fuel-efficient aircraft types, especially in growing markets. This fleet expansion necessitates fitting these new aircraft with cutting-edge thrust reverser systems, which will spur market expansion.

Reversing thrust electric motors: In a bid to reduce the carbon footprint, airplanes are now being equipped with electric systems to make them more greener, efficient, and lighter. The rising incorporation of sustainability in aviation is estimated to benefit sales of reversing thrust electric motors.

North America has held a significant share of the aircraft thrust reverser market in the past years and is projected to follow the same suit over the coming years. The United States is projected to lead revenue generation for aircraft thrust reverser companies operating in the North American region. Presence of a robust commercial aviation industry and growing spending on military aviation are forecasted to boost market growth in North America. A strong supply network coupled with the presence of aviation giants such as Boeing in this region also makes this a highly remunerative space for aircraft thrust reverser companies.