Aircraft Exhaust System Market
According to the new research report “ Aircraft Exhaust System Market by End User (OEM, MRO), Engine Exhaust System (APU), Component (Exhaust Cone, Exhaust Pipe, Exhaust Nozzle, APU Exhaust Liner), Aviation Type, and Region – Global Forecast to 2023 „ , published by MarketsandMarkets ™, the aircraft exhaust system is projected to grow from an estimated US $ 679.0 million in 2018 to $ 987.4 million by 2023, at a CAGR of 7.78% from 2018 to 2023 .
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The introduction of technologies as the electronic Thrust Reverser Actuation System (eTRAS) and the use of advanced composite and ceramic materials for aircraft exhaust systems are expected to contribute to market growth during the forecast period. Aircraft exhaust system manufacturers are responsible for the improvement of their market share through research and development activities in aircraft, and enable a greener environment. In addition, they are also working towards developing high-strength and durable materials that help in the manufacture of safer aircraft. The exhaust system and the exhaust system are all parts of the exhaust system.
Based on end user, the OEM segment of the aircraft exhaust system is projected to witness the highest growth during the forecast period.
Based on end user, the OEM segment of the aircraft exhaust system is projected to witness the highest growth during the forecast period. In the aviation industry, aircraft are delivered to airlines. Original Equipment Manufacturers (OEMs) are responsible for the installation of aircraft exhaust system components. This has become a suitable alternative for airline companies, as post the delivery of aircraft, aftermarket modification becomes cumbersome for aircraft manufacturers.
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Based on the aviation type, the commercial aviation system is projected to witness the highest growth during the forecast period.
Based on the aviation type, the commercial aviation system is projected to witness the highest growth during the forecast period. In the aviation industry, on the principle of turbofan-based aircraft exhaust systems, which are the most used and costliest of all systems. The rising demand for commercial airliners is becoming increasingly important.
North America region during the forecast period.
The North America region is expected to lead the aircraft exhaust system during the forecast period. Rising number of aircraft upgrades and purchase of commercial aircraft are expected to increase the demand for aircraft exhaust systems in North America during the forecast period. North America is expected to remain in the forefront of the forecast period due to the high demand for new aircraft and replacement of aging fleets.
Magellan Aerospace ( Canada ), Triumph Group (US), Ducommun (US), Nexcell (US), Esterline Technologies (US), Nordam (US), Franke Industries ( US), Senior Aerospace (UK) and GKN (UK), among others.
Please explore relevant report “ Aerostructures Market “ .
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