Aircraft exhaust system market to reach $2.5 billion by 2034
From GlobeNewswire: 2024-12-10 07:00:00
The Aircraft Exhaust System Market is projected to reach USD 2.5 billion by 2034, driven by the aviation industry’s focus on efficient engines and environmental impact reduction. Innovations in exhaust technologies, like advanced mixers and lightweight materials, are creating quieter, more sustainable aircraft.
Manufacturers are developing lighter, more durable exhaust systems that balance fuel efficiency with environmental compliance. The engine exhaust system segment is expected to grow over 8% through 2034, fueled by demand for high-performance, fuel-efficient aircraft with reduced emissions.
Noise reduction is a key trend in the aircraft exhaust system market, with a focus on quieter designs to meet noise regulations and reduce urban impact. Commercial aviation leads the market share, driven by the need for fuel-efficient aircraft to lower operational costs and meet environmental regulations.
North America leads the market, with the U.S. driving innovation and adoption of sustainable aviation solutions. The region is forecasted to exceed a market value of USD 970 million by 2034, supported by regulatory mandates and sustainability focus.
Key players in the Aircraft Exhaust System Market include Doncasters, Ducommun, Safran, and more. This market research report provides detailed coverage of the industry with revenue forecasts from 2021 to 2034, segmented by aircraft type, system, application, and end-user categories.
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