Aircraft Engine Market Forecast 2028


20 April, 2020 – A recent market intelligence report that is published by Data Insights Partner on the global Aircraft Engine Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Aircraft Engine Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Aircraft Engine Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Aircraft Engine Market is offered. In accordance with the report, the global Aircraft Engine Market is projected to expand at a CAGR of 4.68% over the period of forecast.

Market Insight, Drivers, Restraints & Opportunity of the Market:

Aircraft Engine is considered as the main source to lift and propel the aircraft in the air. Aircraft Engine market has witnessed an immense growth in recent years due to a rising growth of Aviation industry. Manufactures are rapidly engaging themselves in developing more advanced, powerful, fuel-efficient and economical engines for aircrafts. Also, key players in the global Aircraft Engine Market are strategizing their position in this industry in various ways like developing new age products, increasing investments in Research & Development, and entering into collaborations.

There has been a rapid increase in business related activities and leisure travel, due to which a greater number of people are required to travel by air, thereby booming the growth of this market further.  Global Aircraft Engine Market is anticipated to grow considerably owing to rapid demand for fuel efficient engines. This market also caters to military sector to fight terrorism, drug trafficking and others which is also expected to drive the demand of the global aircraft engine market to a higher level.

Engines are cost intensive products, which can pose a challenge on manufacturers in terms of high cost involved in producing aircraft engines. High manufacturing and maintenance cost and low production facilities restrain the growth of this market during the forecast period. Also, the cost of investment is higher due to highly skilled professionals required to manufacture and maintain aircraft engines which acts as an obstruction to the growth of global Aircraft Engine market

North America holds the maximum share in the global Aircraft Engines Market followed by Asia-Pacific. The Indian & Chinese government are constantly increasing their spending on defense and there have been an exorbitant rise in demand for business jets in these countries. 

Segment Covered:

This market intelligence report on the global Aircraft Engine Market encompasses market segments based on engine type, technology, component, end users, sales channel, wing position and country/region.

In terms of engine type, the global Aircraft Engine Market is segregated into:

  •   Turboprop
  •   Turboshaft
  •   Turbofan
  •   Piston Engine

In terms of technology, the global Aircraft Engine Market is segregated into:

  •   Conventional Engine
  •   Electric / Hybrid Engine
  •   Commercial Aircraft
  •   Military Aircraft
  •   Others

By component, the global Aircraft Engine Market is also classified into:

  •   Compressors
  •   Turbine
  •   Turbine blades
  •   Gearbox
  •   Exhaust Nozzle
  •   Fuel System
  •   Others

By end users, the global Aircraft Engine Market is also classified into:

  •   Commercial
  •   Narrow Body Aircraft
  •   Wide Body Aircraft
  •   Very large Aircraft
  •   Regional Transport Aircraft
  •   Military
  •   Fighter Jets
  •   Transport Aircraft
  •   Military Helicopters
  •   Aviation
  •   Commercial Aircrafts
  •   Turboprop Aircraft
  •   Piston Engine Aircraft
  •   Private & Business Jets
  •   Private & Business Helicopters

By sales channel, the global Aircraft Engine Market has been divided into:

  •   Line Fit
  •   Retro Fit

By wing position, the global Aircraft Engine Market has been divided into:

  •   Fixed Wing
  •   Rotary Wing

By country/region, the global Aircraft Engine Market has been divided into:

  •   North America (the U.S., Canada),
  •   Latin America (Brazil, Mexico, Argentina and other countries),
  •   Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
  •   Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
  •   Middle East and Africa (GCC, South Africa, Israel and Other countries).

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as

  •   CFM International
  •   General Electric Co
  •   Honeywell International
  •   International Aero Engines AG
  •   MTU Aero Engines AG
  •   Rolls – Royce Holding PLC
  •   Safran SA
  •   Textron Inc.
  •   Pratt & Whitney (United Technologies Corporation)
  •   Snecma SA
  •   Hindustan Aeronautics Limited
  •   JSC “Klimov”
  •   The Boeing Company
  •   Continental Motor Group
  •   Motor Sich JSC
  •   Barnes Group
  •   Aero Engine Corporation of China and many more

Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Aircraft Engine related investment & spending and developments by major players of the market are tracked in this global report.

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2019-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Salient Features:

  •  This study offers comprehensive yet detailed analysis of the Aircraft Engine Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year
  •  It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
  •  This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
  •  Profiling of key market players in the world Aircraft Engine Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
  •  Leading market players covered this report comprise names such as CFM International SA, General Electric Co., Honeywell International Inc., International Aero Engines AG, MTU Aero Engines AG, Rolls-Royce Holding PLC, Safran SA, Textron INC., Pratt & Whitney (United Technologies Corporation), Snecma, Hindustan Aeronautics Limited, JSC “Klimov”, The Boeing Company, Continental Motor Group, Motor Sich JSC, Barnes Group, Aero Engine Corporation of China among others.
  •  The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
  •  The world market for Aircraft Engine Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Aircraft Engine Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
  •  Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
  •  Reports have been made based on the guidelines as mandated by General Data Protection Regulation
  •  Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

  •  Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Aircraft Engine Market
  •  Identification of key factors driving investment opportunities in the Aircraft Engine Market
  •  Facilitate decision-making based on strong historic and forecast data
  •  Position yourself to gain the maximum advantage of the industry’s growth potential
  •  Develop strategies based on the latest regulatory events
  •  Identify key partners and business development avenues
  •  Respond to your competitors’ business structure, strategy and prospects
  •  Identify key strengths and weaknesses of important market participants

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