Vancouver, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The global aircraft exhaust system market size was USD 918.40 Million in 2022 and is expected to register a steady revenue CAGR of 7.8% during the forecast period, according to latest analysis by Emergen Research. Rising demand for sustainable systems and materials in the manufacture of aircraft and increasing use of Three Dimensional (3D) technology for exhaust system development are key factors driving market revenue growth.
Aircraft exhaust systems help in noise reduction to the maximum possible level, thus creating a smooth experience and maintenance of minimum speed required for flying the aircraft. The exhaust system averts potential fire incidents, thus improving safety standards of the aircraft due to increased temperature of aircraft. In addition, recent ongoing development of stealth aircraft exhaust systems with multiple technologically enhanced dynamics of exhaust systems is another key factor driving revenue growth of the market.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2284
For instance, Multiple Sixth Generation Fighter Aircraft dissipates are incorporating Infra-Red (IR) Obscurators in its stealth aircraft exhaust systems to dissipate the raised body temperature of aircraft due to skin friction between the air and movement of wings and fuselage. Moreover, incorporation of new technologies for the launch of new products is also expected to drive market revenue growth during the forecast period. For instance, on 22 May 2023, Textron Aviation announced the launch of the Cessna Citation Ascend, the newest business aircraft in the illustrious 560XL series. Pratt & Whitney Canada PW545D engines with improved fuel efficiency, higher thrust, and extended time-on-wing will be available in the Citation Ascend.
However, higher exhaust pressure and temperature causing structural failure of exhaust components is a key factor, which could restrain market revenue growth. In addition, the loose cones and baffles of aircraft exhaust systems result in full or partial power loss of the engine, which may lead to its failure, thus risking in-flight operations and lives of passengers.
Your Discounted Copy Now By Clicking The Link Below @ https://www.emergenresearch.com/request-discount/2284
Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 918.40 Million |
| CAGR (2023–2032) | 7.8% |
| Revenue Forecast To 2032 | USD 1,941.82 Million |
| Base Year For Estimation | 2022 |
| Historical Data | 2019-2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Component, system, aviation type, end- use, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
| Key Companies Profiled | Triumph Group, Magellan Aerospace, Ducommun Incorporated, Franke Group, Nexcelle, THE NORDAM GROUP LLC, GKN Automotive Limited, Exotic Metals Forming, Sulzer Ltd., and Hellenic Aerospace Industry. |
| Customization Scope | 10 hours of free customization and expert consultation |
Major Companies and Competitive Landscape
The global aircraft exhaust system market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective exhaust solutions. Some major players included in the global aircraft exhaust system market report are:
- Triumph Group
- Magellan Aerospace
- Ducommun Incorporated
- Franke Group
- Nexcelle
- THE NORDAM GROUP LLC
- GKN Automotive Limited
- Exotic Metals Forming
- Sulzer Ltd.
- Hellenic Aerospace Industry
Strategic Development
- On 26 May 2023, Textron Aviation announced the launch of the Cessna Citation Ascend, the newest Cessna Citation business jet in its 560XL series. Pratt & Whitney Canada PW545D engines will power the Citation Ascend. The engines make use of modern materials and technology such as enhanced exhaust mixer, improved single stage high-pressure turbine module, and better efficient high-pressure compressor.
- On 13 October 2022, Pratt & Whitney Canada, a division of Pratt & Whitney, announced the European Union Aviation Safety Agency (EASA) certification for ATR's regional turboprop aircraft powered by the new PW127XT-M engine. The PW127XT engine series provides 40% more time on the wing, 20% cheaper maintenance costs, and a 3% increase in fuel efficiency due to engine advancements and a step change in regional turboprop sustainability.
You have the option to place a direct order for an exclusive copy of the report through the following link: @ https://www.emergenresearch.com/select-license/2284
Some Key Highlights From the Report
- The exhaust nozzle segment accounted for largest revenue share in the global aircraft exhaust system market in 2022. This is because exhaust nozzle supplies the necessary thrust for aircraft to sustain speed and lessen engine noise produced by engine exhaust. The aircraft's nozzles tolerate extremely high temperatures making these nozzles strong and corrosion-proof and aid in their sustainability in harsh conditions. Inconel, stainless-steel alloys, and titanium are a few of the materials currently utilized for exhaust nozzles. Inconel, a nickel-chromium alloy is the most often used material for making exhaust nozzles due to its high temperature, oxidation, and corrosion resistance.
- The engine exhaust system segment is expected to register steadily fast revenue growth rate in the global aircraft exhaust system market during the forecast period. This is due to increasing initiatives by different companies for technological enhancement of their existing exhaust systems and enhancing the innovation development. The pressure and temperature conditions under which the engine exhaust system operates are significantly raised when a turbocharger or turbosupercharger system is used. The efficiency, power, and overall performance of an aircraft's engine are all enhanced by the installation of a tuned exhaust system. A well maintained exhaust system guarantees that the engine operates at peak performance and minimizes overheating. .
- The commercial aviation segment is expected to account for significantly large revenue share in the global aircraft exhaust system market during the forecast period. This is due to increasing product launches by companies to support upgrading of the existing product portfolios for customer usage satisfaction. For instance, on 17 November 2020, Collins Aerospace Systems, a division of Raytheon Technologies (RTX) collaborated with Boom Supersonic, the aerospace company developing the world's fastest airliner. This collaboration aimed to create intake, nacelle, and exhaust system technologies that enabled fuel burn reduction and state-of-the-art acoustics for cleaner and quieter supersonic flight.
- The North America market accounted for largest revenue share in the global aircraft exhaust system market in 2022. This is attributed to latest technological advancements and upgrading along with the launch of new products with increased efficiency and productivity of t aircraft exhaust systems. In addition, government sponsorship of programs aiming to adopt clean technology and minimizing the effects of harmful gases emitted by aircrafts is also expected to drive market revenue growth during the forecast period. For instance, on 23 February 2023, the U.S. government announced that its funding of USD 10 million in the development of new technology and methods to decrease negative environmental effects of aviation.
You can access the complete report description, research methodology details, table of contents, and informative infographics @ https://www.emergenresearch.com/industry-report/aircraft-exhaust-system-market
Emergen Research has segmented the global aircraft exhaust system market on the basis of component, system, aviation type, end- use, and region
- Component Outlook (Revenue, USD Million; 2019-2032)
-
- Exhaust Pipe
- Exhaust Cone
- Exhaust Nozzle
- APU Exhaust Liner
- APU Exhaust Tube
- Turbochargers
- Others
- System Outlook (Revenue, USD Million; 2019-2032)
-
- Engine Exhaust System
- Turbofan
- Turboprop
- Turboshaft
- Reciprocating Piston Type
-
- APU Exhaust System
- Aviation Type Outlook (Revenue, USD Million; 2019-2032)
-
- Commercial Aviation
- General Aviation
- Business Aviation
- Military Aviation
- End-use Outlook (Revenue, USD Million; 2019-2032)
-
- Original Equipment Manufacturer (OEM)
- Maintenance, Repair, and Operations (MRO)
- Regional Outlook (Revenue, USD Million; 2019-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Curated Reports - Start Your Exploration
Free Space Optics Communication Technology Market By Platform (Airborne, Terrestrial, Satellite), By Application (Disaster Management, Last Mile Access, Data Transmission, and Others), By End-Use (Healthcare, Defense, Telecommunication, Others), By Region Forecasts to 2027
Anti-Drone Market By Type (Laser Systems, Electronic Systems, Kinetic Systems, Others), By Application (Defense, Homeland Security), By End-Users (Marine-based, Land Vehicles, Airborne, Commercial), By Product (Detection, Detection & Disruption), By Power (Up To 100 KW, More Than 100KW), By Range (Up To 100 Meters, More Than 100 Meters) and Regions Forecasts to 2027
Space DC-DC Converter Market By Platform, By Type, By Form Factor, By Application, By Input Voltage, By Output Voltage, By Output Power, and By Region Forecast to 2028
Aircraft Engine Market By Type (Turbofan, Turboprop, Piston Engine, Turboshaft), By Platform (Unmanned Aerial Vehicles, Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Turbine, Compressor, Gearbox, and Others), By Technology, By End-Use, and By Region Forecast to 2028
Cognitive Assessment and Training Market By Application (Clinical trials, Learning, and Research), By Organization Size (Large Enterprise, Medium Enterprise, and Small Enterprise), By End-use, and By Region Forecast To 2030
Threat Intelligence Market By Mode of Deployment (On-premises, Cloud-based), By Organization Size (Small & Medium-sized Enterprises, Large Enterprises), By Application (Security Information and Event Management, Security and Vulnerability Management, Security Analytics, Incident Response, Risk & Compliance), By Industry Vertical (Information Technology, BFSI, Healthcare, Manufacturing, Retail), and By Region, Forecast to 2028
Airborne Intelligence Surveillance and Reconnaissance Market By Type (Manned ISR, Unmanned ISR), By Offerings, By Platform, By Application, By End-Use, and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Japanese Version: Aircraft Exhaust System Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-aircraft-exhaust-system-market
