Aircraft Exhaust Systems Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.20 Billion |
| Market Size (2029) | USD 1.69 Billion |
| CAGR (2024 - 2029) | 7.05 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Exhaust Systems Market Analysis
The Aircraft Exhaust Systems Market size is estimated at USD 1.20 billion in 2024, and is expected to reach USD 1.69 billion by 2029, growing at a CAGR of 7.05% during the forecast period (2024-2029).
The aviation sector's growth, propelled by a surge in aircraft deliveries, is poised to continue during the forecast period. In this landscape, aircraft exhaust systems are pivotal in ensuring efficient propulsion cycles, especially as next-gen aircraft incorporate advanced engines, amplifying the need for their components.
Major players in aviation are directing substantial investments toward innovative propulsion technologies, focusing on elevating modern aircraft performance. The electronic thrust reverser actuation system (ETRAS) is a standout innovation. This hybrid system, leveraging electromechanical actuators, simplifies thrust reverser operations and trims the engine's weight by consolidating various components into a unified system.
The market is increasingly adopting advanced manufacturing techniques like automated fiber placement (AFP), showing promise in significantly cutting down aircraft turnaround times. These techniques, especially adept at crafting intricate airframe components, are finding particular utility in shaping exhaust ducts for jet engines.
Stringent regulations to curb carbon emissions and enhance air quality are pushing airlines to embrace eco-friendly exhaust systems. Consequently, there's been a notable uptick in demand, with airlines now more frequently retrofitting older aircraft. As the sector pivots toward electric aircraft, exhaust system designs must evolve to align with the changing power dynamics. For instance, electric propulsion systems, like electric thrusters, might require tailored exhaust configurations to ensure optimal performance and safety.
Aircraft Exhaust Systems Market Trends
The Commercial Segment is Expected to Lead the Market During the Forecast Period
Commercial aviation, a significant contributor to greenhouse gas emissions, faces increasing global scrutiny from environmental agencies. This has led to strict emission regulations to combat the environmental impact of aviation fuel combustion.
In March 2017, the International Civil Aviation Organization (ICAO) introduced a new CO2 emission standard for aircraft. This standard was applied to new aircraft designs in 2020 and those in production. The regulation mandates engine modifications to ensure full compliance by 2028.
The design of aircraft engines, including subsystems like exhaust systems, directly impacts the combustion cycle. With the introduction of stringent emission standards, there is a growing expectation for technological advancements in engine design, particularly in creating fuel-efficient engines with advanced exhaust systems. A notable example is the collaboration between Power Flow Systems and Maple Leaf Aviation in July 2023, where they jointly developed dual exhaust system fairings for Cessna 180, 182, and 185 airframes. Under the agreement, Maple Leaf will manufacture the new exhaust fairings, and Power Flow will offer them as part of a 'combined package price' to its tuned exhaust system customers.
Furthermore, to combat emissions, there is a rising focus on R&D efforts to introduce electric power trains in aviation. In September 2022, researchers achieved a milestone by capturing the first images of CO2 emissions from a commercial aircraft engine using chemical species tomography. Employing a novel near-infrared light imaging technique, they obtained the initial cross-sectional images of carbon dioxide in a commercial jet engine's exhaust plume. This breakthrough has the potential to expedite research on turbine combustion, aiding in the development of more eco-friendly engines and aviation fuels.
In February 2022, engineers at the Arnold Engineering Development Complex and MetroLaser in the US utilized an innovative laser measurement system to assess engine exhaust gas velocity. This initiative aims to understand and reduce aircraft noise and provide opportunities to elevate the market prospects of commercial aircraft exhaust systems in the coming years.
Asia-Pacific is Expected to Generate the Highest Demand During the Forecast Period
Throughout the forecast period, the Asia-Pacific region is set to dominate the demand for aircraft exhaust systems. This can be attributed to the rising number of new aircraft orders, which directly respond to the region's escalating passenger traffic. Projections from the International Air Transport Association (IATA) indicate that China is well-positioned to become the world's largest aviation market by the mid-2020s. Meanwhile, India's Ministry of Aviation has set ambitious goals to build 80-90 new airports, including heliports and water aerodromes, by 2030. This promising market potential has spurred aircraft OEMs to develop strategic expansion plans, solidifying their foothold in the region and, in turn, boosting the aircraft exhaust systems market.
The Asia-Pacific region boasts the world's second-highest military expenditure. Escalating geopolitical tensions has led many nations to prioritize fleet modernization, enhancing their aerial defense capabilities. For instance, China's 2023 defense budget reached USD 225 billion, marking a 7.2% increase from 2022 and the eighth consecutive year of growth. Similarly, India proposed a defense budget of USD 72.6 billion for the 2023-24 fiscal year, representing a significant 13% surge from previous estimates, with a particular emphasis on expanding its fighter jet fleet. Such developments are poised to drive the aircraft exhaust systems market in the future.
Aircraft Exhaust Systems Industry Overview
A few global vendors dominate the aircraft exhaust systems market, creating a consolidated landscape. These players engage in fierce competition, vying for a larger market share. However, challenges stemming from system design constraints and the cancellation of aircraft orders due to macroeconomic shifts hinder market growth. To thrive in this cutthroat environment, vendors must offer increasingly advanced systems to aircraft OEMs.
Key players in this sector include Melrose Industries PLC, Triumph Group Inc., Magellan Aerospace Corporation, Rolls-Royce PLC, and TransDigm Group Incorporated. These firms primarily differentiate themselves through their internal manufacturing capabilities, expansive global networks, diverse product portfolios, significant R&D investments, and robust client bases.
With a surge in air passenger traffic driving up aircraft procurement rates, the market is poised for growth in the coming years. The competitive landscape is set to intensify, fueled by a rise in product/service expansions and technological advancements. Notably, in March 2023, Power Flow Systems celebrated a significant milestone, delivering 6,500 systems since introducing its first tuned exhaust system in 1999. To meet escalating demands and streamline order fulfillment, the company bolstered its production facilities and workforce in Daytona Beach and Florida.
Aircraft Exhaust Systems Market Leaders
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Triumph Group Inc.
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Magellan Aerospace Corporation
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Rolls-Royce plc
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Melrose Industries PLC
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TransDigm Group Incorporated
*Disclaimer: Major Players sorted in no particular order
Aircraft Exhaust Systems Market News
August 2023: Aerometals secured a significant deal with Black Widow Helicopters. The agreement involves ordering 25 Engine Inlet Barrier Filters (IBFs) designed for the Airbus H125 platform and 22 lightweight straight-pipe exhaust systems certified by the FAA under Parts Manufacturer Approval (PMA). Aerometals will supply IBFs for Black Widow's UH-60 modernization initiative.
May 2023: Magellan Aerospace Corporation received an extension on its contract with The Boeing Company. The extension is specifically tailored to produce nacelle exhaust systems for the B767 program. This strategic move underlined Magellan's dedication to providing acoustic plug and nozzle exhaust assemblies for the B767 aircraft family.
Aircraft Exhaust Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Aviation Type
- 5.1.1 Commercial Aviation
- 5.1.2 Military Aviation
- 5.1.3 General Aviation
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5.2 System
- 5.2.1 Engine Exhaust
- 5.2.2 APU Exhaust
- 5.2.3 Other Systems
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 Germany
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Russia
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 India
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Latin America
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 Rest of Latin America
- 5.3.5 Middle East and Africa
- 5.3.5.1 United Arab Emirates
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Turkey
- 5.3.5.4 South Africa
- 5.3.5.5 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Doncasters Limited
- 6.2.2 Ducommun Incorporated
- 6.2.3 TransDigm Group Incorporated
- 6.2.4 Parker-Hannifin Corporation
- 6.2.5 FRANKE Holding AG
- 6.2.6 Melrose Industries PLC
- 6.2.7 Magellan Aerospace Corporation
- 6.2.8 Safran
- 6.2.9 Rolls-Royce PLC
- 6.2.10 Sky Dynamics Corp.
- 6.2.11 NORDAM Group LLC
- 6.2.12 Triumph Group Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAircraft Exhaust Systems Industry Segmentation
Given the need for exhaust systems to withstand extreme temperatures, manufacturers utilize advanced, lightweight metals and alloys with high fusion points. This design ensures the systems can reliably function even in the harshest conditions. The report examines the components of an aircraft's exhaust system, including the exhaust cone, pipe, nozzle, and turbochargers. Furthermore, the crucial elements of APUs, like the APU exhaust liner and tube, are analyzed. Complementing these are components such as the exhaust screen and cowl.
The market estimates primarily focus on the line-fit installations of exhaust systems in next-generation aircraft engines, a trend gaining traction globally. The figures specifically pertain to line-fit installations and do not account for individual component sales or replacements.
The aircraft exhaust systems market is segmented by aviation type, system, and geography. By aviation type, the market is segmented into commercial, military, and general aviation. By systems, the market is segmented into engine exhaust, APU exhaust, and other systems. The report also covers the market sizes and forecasts in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| Aviation Type | Commercial Aviation | |
| Military Aviation | ||
| General Aviation | ||
| System | Engine Exhaust | |
| APU Exhaust | ||
| Other Systems | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Mexico | ||
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Turkey | ||
| South Africa | ||
| Rest of Middle East and Africa |
Aircraft Exhaust Systems Market Research FAQs
How big is the Aircraft Exhaust Systems Market?
The Aircraft Exhaust Systems Market size is expected to reach USD 1.20 billion in 2024 and grow at a CAGR of 7.05% to reach USD 1.69 billion by 2029.
What is the current Aircraft Exhaust Systems Market size?
In 2024, the Aircraft Exhaust Systems Market size is expected to reach USD 1.20 billion.
Who are the key players in Aircraft Exhaust Systems Market?
Triumph Group Inc., Magellan Aerospace Corporation, Rolls-Royce plc, Melrose Industries PLC and TransDigm Group Incorporated are the major companies operating in the Aircraft Exhaust Systems Market.
Which is the fastest growing region in Aircraft Exhaust Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Exhaust Systems Market?
In 2024, the North America accounts for the largest market share in Aircraft Exhaust Systems Market.
What years does this Aircraft Exhaust Systems Market cover, and what was the market size in 2023?
In 2023, the Aircraft Exhaust Systems Market size was estimated at USD 1.12 billion. The report covers the Aircraft Exhaust Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Exhaust Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft Exhaust Systems Industry Report
Statistics for the 2024 Aircraft Exhaust Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Exhaust Systems analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
