The global aircraft exhaust system market size was USD 661.2 Mn in 2022 and is likely to reach USD 987.3 Mn by 2031, expanding at a CAGR of 7.77% during 2023–2031. Rising demand for low-drag exhaust components and lightweight sound suppressants is projected to boost the market.
The aircraft exhaust system is an important component of the aircraft. It has a tough job as it undergoes a lot of strain and stress during its lifecycle. It is manufactured of stainless steel or alloy called Inconel. Some of them have a plain sandblast finish or ceramic-coated finish. Defective exhaust systems cause fire, carbon monoxide poisoning, or loss of engine performance in planes. Thus, it is essential to ensure regular maintenance and inspection of these exhaust systems to keep them in good condition.
Aircraft engine exhaust systems include elevators, batteries, pipes, moorings, exhaust suppressors, and turbo exhaust transitions. It collects and disposes of heat and gases that are being discharged by the engine. It prevents fire hazards and leakage. Three major aircraft exhaust components/parts are the catalytic converter, exhaust manifold, and muffler. Exhaust mufflers keep exhaust gases away from the engine, supply cabin heat, fuselage, and carburetor and reduce the engine noise.
The research report finds that the COVID-19 pandemic affected the market, due to the prolonged shutdown of manufacturing industries. Manufacturing industries suffered due to the lack of availability of raw materials. People were not permitted to travel to different countries or move outdoors, as the government imposed a lockdown. Moreover, the Russia-Ukraine war hampered the aircraft exhaust systems manufacturing industries to some extent. Major players are trying to divert their raw material procurements and supply chains to improve market stability.
Aircraft Exhaust System Market Dynamics
Major Drivers
Increasing demand for energy-efficient aircraft with reduced gas emissions is expected to drive the market during the forecast period. Moreover, the growing demand for commercial jet airliners with burgeoning air passenger traffic and the rising demand for lightweight aircraft in the military are likely to fuel the market.
Existing Restraints
High manufacturing and installation cost with crucial operational and maintenance charges are anticipated to hamper the market growth in the coming year. Furthermore, stringent rules and regulations regarding the safety and maintenance of the aircraft and backlogs in the delivery of new aircraft are expected to hinder the market.
Emerging Opportunities
Development in 3D printing technology and the use of composite materials in system advancements for the production of exhaust systems is anticipated to create lucrative opportunities for market players. Rising demand for fighter aircraft in the military aviation sector is expected to offer notable opportunities for market growth.
Scope of the Aircraft Exhaust System Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Aircraft Exhaust System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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System (APU Exhaust System and Engine Exhaust System), System Component (Exhaust Pipe, Exhaust Cone, Exhaust Nozzle, and APU Exhaust Liner), and Aviation Type (Military, Business, General, and Commercial)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Sky Dynamics Corporation; Senior plc; Power Flow Systems, Inc.; Acorn Welding Ltd.; CKT Aero & Automotive Engineering Ltd.; Doncasters Group Ltd.; Knisley Welding, Inc.; Magellen Aerospace Corporation; SAFRAN Nacelles; and United Technologies Corporation
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Aircraft Exhaust System Market Segment Insights
On the basis of system, the aircraft exhaust system market is segmented into APU exhaust system and engine exhaust system. The APU exhaust system segment is projected to expand at a considerable CAGR during the forecast period, as it improves fuel consumption. APU (Auxiliary Power Unit) exhaust system exhausts gases away from a controlled combustion inside an engine, which helps to start the engine. It offers important electric power for aircraft systems. It provides electrical and pneumatic energy in case of an emergency.
The engine exhaust system segment is anticipated to account for a major market share during the projection period, owing to the increasing demand for advanced aircraft deliveries across the globe. Engine exhaust components are intricate parts of the system and significantly contribute to the overall cost of an aircraft exhaust system. Engine exhaust system maintains optimal air level inside an aircraft engine and reduces noise.
Based on system component, the market is divided into exhaust pipe, exhaust cone, exhaust nozzle, and APU exhaust liner. The exhaust pipe segment is expected to hold a significant share of the market in the coming years, as it considers the most important part of the engine. It removes the harmful gases away from an engine for the safe functioning of aircraft.
The exhaust nozzle segment is estimated to expand at a rapid pace during the assessment period, as it reduces the velocity and pressure of the exhaust gases. The exhaust nozzle tolerates high-temperature cycles and needs to be replaced and repaired quite often. it reduces turbulence that creates noise.
On the basis of aviation type, the market is segregated into military, business, general, and commercial. The military segment is anticipated to expand at a substantial CAGR during the forecast period, owing to rising investments in the military sector by governments globally. For instance, in 2021, the Royal Air Force spend about USD 529.28 million to upgrade the capabilities of its CH-47 Chinook helicopter, and C-17 Globemaster aircraft. Rising demand for advanced fighter aircraft is further likely to contribute to segment growth. However, the growing demand for commercial aircraft, due to the rising number of air passengers is expected to boost the commercial segment.
In terms of region, the global aircraft exhaust system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to the presence of several key manufacturers including Bombardier and Boeing in the region. Moreover, the high adoption of advanced aircraft is likely to propel the market.
The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to substantial investments in the aviation sector in the region. The regional market growth is further attributed to the rising government funding in the military & defense sectors to improve the safety and security of the aircrafts.
Segments
The global aircraft exhaust system market has been segmented on the basis of
System
- APU Exhaust System
- Engine Exhaust System
System Component
- Exhaust Pipe
- Exhaust Cone
- Exhaust Nozzle
- APU Exhaust Liner
Aviation Type
- Military
- Business
- General
- Commercial
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Sky Dynamics Corporation
- Senior plc
- Power Flow Systems, Inc.
- Acorn Welding Ltd.
- CKT Aero & Automotive Engineering Ltd.
- Doncasters Group Ltd.
- Knisley Welding, Inc.
- Magellen Aerospace Corporation
- SAFRAN Nacelles
- United Technologies Corporation
Competitive Landscape
Key players competing in the global aircraft exhaust system market are Sky Dynamics Corporation; Senior plc; Power Flow Systems, Inc.; Acorn Welding Ltd.; CKT Aero & Automotive Engineering Ltd.; Doncasters Group Ltd.; Knisley Welding, Inc.; Magellen Aerospace Corporation; SAFRAN Nacelles; and United Technologies Corporation.
Some of the major companies in the market have adopted various organic growth strategies to increase their market share. For instance,
- In 2019, Boeing announced the delivery of 806 commercial aircraft.
- In 2019, Airbus announced the construction of an A220 manufacturing facility in the United States.
- In 2018, GE Aviation a prominent aircraft engine supplier announced the launch of GE Affinity supersonic engines for commercial aircraft with unique supersonic exhaust systems without expansion.
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