According to a recent market study published by Up Market Research, titled, “Aircraft Exhaust System Market by System, by Aircraft Engine Type, by Material, by Aviation Type and by Region: Size, Share, Trends and Opportunity Analysis, 2017-2032, the market was valued at US $ 1,113.2 in 2023 and is anticipated to grow at a growth rate 14.3% by the year 2032.
The aircraft exhaust system helps in directing the exhaust gases out of the aircraft engine. It consists of components such as exhaust stacks, exhaust manifolds, and heat exchangers. The system is designed to safely eject the gases produced by the combustion process in the engine without causing damage to the aircraft structure or affecting its performance. The primary purpose of the exhaust system is to channel the exhaust gases out from the engine; however, it also serves other critical functions. It helps in noise suppression during the combustion process and assists in aircraft heating systems. Additionally, in some aircraft, exhaust systems are engineered to provide jet thrust for added propulsion. The primary purpose of an aircraft engine is to generate thrust, which propels the aircraft forward. In conventional jet engines, the combustion of fuel produces high-temperature and high-pressure gases. These gases rapidly expand and are expelled through the exhaust system at the rear of the engine. According to Newton's third law of motion, for every action, there is an equal and opposite reaction. The high-speed gases are expelled backward and create an equal and opposite force that propels the aircraft forward. This force is known as thrust.
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The aircraft exhaust system market is driven by the increasing aircraft retrofit activities, particularly in the commercial aviation industry, which is registering a high growth rate due to the rising global air passenger traffic. Aircraft manufacturers and aftermarket service providers offer retrofit programs, specifically designed to upgrade existing aircraft with modernized components, including exhaust systems. For instance, Airbus launched its "A320ceo Performance Improvement Package" retrofit program in 2019, which includes upgrades to the aircraft’s engines and aerodynamics as well as improvements to the exhaust system to enhance fuel efficiency and reduce emissions. Technological advancements in engine design are significant drivers of the aircraft exhaust system market. Advanced engine designs such as high-bypass turbofan engines and geared turbofan engines offer improved fuel efficiency and performance compared to older engine types. For instance, the Geared Turbofan (GTF) engine of Pratt & Whitney has demonstrated fuel savings of up to 16% compared to previous engine models. This drives the demand for exhaust systems optimized to work seamlessly with these advanced engines.
The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus toward online supply of goods, thereby creating manufacturing issues. In January 2020, the World Health Organization (WHO) labeled the COVID-19 outbreak as a public health emergency of global concern, and in March 2020, WHO proclaimed it as a global pandemic. The COVID-19 outbreak affected almost every industry. The long-term effects of the pandemic are expected to affect various industries during the forecast period, especially across Eastern Europe, European Union, the US, and Eastern & Central Asia.
Key Takeaways from the Study
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Key players operating in the market are ASTECH Engineered Products, Barnes Group Inc, Ducommun AeroStructures Inc, Hartzell Engine Technologies Llc, Knisley Welding Inc, Magellan Aerospace Corporation, Rapco, Inc., RTX, Safran S.A., Senior Plc, Sky Dynamics Corporation, THE NORDAM GROUP LLC, Wall Colmonoy. These companies are considered key manufacturers of Aircraft Exhaust System based on their revenue, research development (R&D) activities, regional presence, and Value chain management system.
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Based on system, the global aircraft exhaust system market is divided into engine/propulsion system exhaust and auxiliary power unit (APU) exhaust. The engine/propulsion system exhaust segment accounted for XX% market share in 2023 and is projected to expand at a CAGR of XX% during the forecast period. The engine exhaust system segment is expected to grow the most in the global aircraft exhaust system market. This growth is attributed to increasing initiatives by companies for technological enhancement of existing exhaust systems, which enhance efficiency, power, and overall performance of aircraft engines. The installation of tuned exhaust systems improves engine performance and minimizes overheating, leading to peak performance.
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Based on aircraft engine type, the global aircraft exhaust system market is divided into turbofan engines, turboprop engines, turbojet engines, and piston engines/turbocharged engine. The turbofan engines segment accounted for XX% market share in 2023 and is projected to expand at a CAGR of XX% during the forecast period. The turbofan engines are expected to grow most rapidly among aircraft engine types for exhaust systems. This is primarily due to the fact that turbofans dominate the current market for commercial aircraft, particularly those manufactured by Boeing and Airbus.
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Based on material, the global aircraft exhaust system market is divided into titanium, Waspaloy, Inconel, and others. The turbofan engines segment accounted for XX% market share in 2023 and is projected to expand at a CAGR of XX% during the forecast period. The turbofan engines is expected to grow most rapidly among aircraft engine types for exhaust systems. This is primarily due to the fact that turbofans dominate the current market for commercial aircraft, particularly those manufactured by Boeing and Airbus.
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Based on aviation type, the global aircraft exhaust system market is divided into commercial aviation, military aviation, and general aviation. The commercial aviation segment accounted for XX% market share in 2023 and is projected to expand at a CAGR of XX% during the forecast period. Commercial aviation is likely to continue being a major driver of growth in the aircraft exhaust system market due to increasing air travel demand and stringent emissions regulations. Increasing air travel demand drives demand for new aircraft, which in turn fuels demand for aircraft exhaust systems.
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Based on region, the global aircraft exhaust system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America held a market share of XX% in 2023. The market in North America is expected to expand at a XX% CAGR in the coming years. North America has a well-established aircraft exhaust system market, with a heightened emphasis on efficiency and emission management due to stringent regulations. Additionally, the presence of the advanced aerospace industry in the region boosts the market. The US, being a global aviation hub, comprises aircraft production giants such as Boeing, leading to a high demand for aircraft exhaust systems.
Report Scope:
Report Metric |
Details |
Market Value in 2023 |
US$ 1,113.2 Million |
Market Growth Rate (from 2017 to 2032) |
14.3% |
Historical Data |
2017 to 2022 |
Base Year |
2023 |
Forecast Period |
2024 - 2032 |
Units Considered |
Value (US$ Million) |
Market Segments |
System, Aircraft Engine Type, Material, Aviation Type and Region |
Key Companies Profiled |
ASTECH Engineered Products, Barnes Group Inc, Ducommun AeroStructures Inc, Hartzell Engine Technologies Llc, Knisley Welding Inc, Magellan Aerospace Corporation, Rapco, Inc., RTX, Safran S.A., Senior Plc, Sky Dynamics Corporation, THE NORDAM GROUP LLC, Wall Colmonoy |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail of tailor-made purchase options to meet your research requirements. |