Aircraft Exhaust System Market Top Companies, Size, Share and Forecast to 2023

Research Reports

Jan 19, 2021

Market Overview

Exhaust system comprises pipes, cones and tubes that collects and disposes heat and gases being discharged by the engine without creating a fire hazard or leaking it into the cabin. This system is vital in enhancing performance and reducing noise of the engine. The aircraft exhaust system is necessary for both the engines and the auxiliary power unit (APU). The reciprocatory or piston engine has two types of exhaust systems, namely, collector system, short stack (open) system.

Key Players

The key players in the Global Aircraft Exhaust System Market are Aerobraze Engineered Technologies (a part of Wall Colmonoy Corporation (US)), Aircelle (part of Safran SA (France)), Collins Aerospace (a part of United Technologies Corporation (US)), Doncasters Group Ltd. (UK), Esterline Technologies Corporation (US), GKN Aerospace (UK), Magellan Aerospace Corporation (Canada), Nexcelle (a MRAS/Safran joint venture (US)), Senior Aerospace (US) and Sky Dynamics Corporation (US).

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Market Segment

Global Aircraft Exhaust System Market has been segmented based on application, end-user, engine type and region.

Based on application, the aircraft exhaust system market is divided into civil aviation and military aircraft. The civil aviation segment is further segmented as commercial & cargo aviation, general aviation and business aviation. Over the years, large markets, such as the US, Europe, and Asia-Pacific witness increased expenses by the passengers, due to the rising income levels of the expanding middle-class population in these regions. Moreover, global air travel is made easy and available by low cost carriers, whilst airlines are increasing the services to various geographical locations. This results in an increased focus on the expansion of aviation industry, around the world. As of 2016, there were over 23,000 airplanes in service, and this number is expected to double itself, over the next 20 years. In addition, the increasing air travel in the Asia-Pacific region, especially in countries such as China, Indonesia, and India, has significantly contributed to the increased demand for new commercial aircraft, eventually resulting in increased engine components and fueling the market for exhaust system.

Based on end-user, the Aircraft Exhaust System Market is divided into OEM and Aftermarket. The OEM segment is estimated to account for the largest market share while the aftermarket segment projected to witness a higher CAGR during the forecast period as exhaust systems require timely checks, maintenance, and replacement in order to enhance safety.

Based on region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increasing demand for both commercial and combat aircraft and rise in number of airlines in countries such as China, and India.

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