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Thrust Reverser Actuation System Market Segmented By Commercial Aircraft, Business Jets and Military Aircraft application with Mechanism in Hydraulic and Electric
According to latest research by Persistence Market Research, the global market of Thrust Reverser Actuation System is anticipated to surge at a CAGR of 8% to 10% during 2021-2031. The application of these systems is commonly observed in the aviation industry where aircraft thrust reversers are deployed as a precautionary safety measure.
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The aviation sector has witnessing a substantial growth in passenger traffic, leading to a prominent rise in the demand for modern aircrafts with advanced features. This is projected to positively impact the sales of Thrust Reverser Actuation System.
The competitive advantages of electric mechanism over traditional hydraulic mechanism is resulting in an increase in their usage in the global market. Moreover, the implementation of new emission regulations in many regions around the world is fueling demand for new-generation aircrafts, these factors are expected to spur the demand for Thrust Reverser Actuation System market.
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Get a Customized VersionThe electric Thrust Reverser Actuation System are taking over the previous generation hydraulic systems. The electric TRAS offers several advantages such as a simpler design, reduction in weight, low maintenance requirements, and eliminates the use of corrosive hydraulic fluid.
In addition, electric actuators and motors are used instead of the more complicated hydraulic systems found in traditional systems. The hydraulic systems demand timely maintenance as opposed to electric systems.
Collins Aerospace, manufacturer and supplier of aerospace products, claims that the electric TRAS decreases weight of the aircraft by up to 20% by eliminating pipework and fluid, as opposed to traditional hydraulic systems. These features are expected to propel the demand of electric TRAS through the forecast period.
The aviation industry is expanding rapidly due to the rise in passenger traffic in Asia-Pacific. This is primarily due to increased air connectivity in the region, which has been fueled by a rise in disposable income of the middle-class families prevailing in this region. The rise in tourism is another factor attributing to the increase in demand.
Governments in this region are also undertaking special measures to increase air travel. The Indian Government intends to make air travel widespread and affordable through the UDAN scheme, regional airport growth and Regional Connectivity Scheme (RCS).
Airport facilities along with new routes for air travel are being implemented as part of this scheme to increase air connectivity in the region. Countries such as India and China among others, have experienced an increase in passenger traffic as a result of these factors.
Due to the ongoing COVID-19 crisis, the aircraft thrust reverser actuation system companies have suffered a significant financial loss. However, TRAS production is projected to be more agile post COVID-19 pandemic.
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The market for Thrust Reverser Actuation System is highly consolidated, with key players supporting most of military, commercial and general aviation aircraft programmes.
are the major players in the industry. Some other players prevailing in the industry include
Woodward Inc. and Collins Aerospace offer Thrust Reverser Actuation System for various business jet and commercial aircrafts.
The players in the market enter into contracts with the OEMs to provide TRAS. These contracts are usually long term bonds. As a result, making it hard for new players to enter the market.
The aftermarket sales and services growth is expected to assist the companies in increasing their consumer base as well as their global footprint. Additionally, manufacturers are concentrating on the advancement of mechanisms and new technologies to improve the efficacy of aircraft Thrust Reverser Actuation System in terms of braking.
Emerging technology, such as 3D printing and addition of electric components, need to be adopted by players in order to remain competitive against the well established players which are dominant in the industry.
By Application
By Mechanism
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
