Key Companies Covered in Aircraft Engine Market Research Report are as MTU Aero Engines AG, United Technologies Corporation, Honeywell International Inc, Rolls-Royce Holdings Plc, Textron, Inc, CFM International SA, International Aero Engines AG, etc
PUNE, India, Dec. 11, 2019 /PRNewswire/ -- The global Aircraft Engine Market size is projected to reach USD 97.12 billion by 2026, exhibiting a CAGR of 4.16% during the forecast period. Growing demand for air travel worldwide is foreseen to be one of the primary forces fueling this market. Air travel today has become affordable to the average middle person and in the near future, this type of travel is expected to get even more easy on the pocket. One of the main reasons for this is the swelling numbers of the middle class across the globe. Many organizations estimate that in the next decade, approximately 200 million people will enter the middle class bracket. As a result, their incomes and their contribution to the global GDP will rise exponentially. Consequently, business activities will expand and a greater number of people will require to travel by air, thereby driving this market in the coming decade.
According to the Aircraft Engine Market analysis, the value of this market stood at USD 70.10 billion in 2018. This information is shared by Fortune Business Insights in its report, titled "Global Aircraft Engine Market Size, Share & Industry Analysis,By Engine Type (Turboprop, Turboshaft, Turbofan, Piston Engine), By Technology (Conventional Engine and Electric/Hybrid Engine), By End-user (Commercial, Military, and General Aviation), By Component (Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System, and Others), and Regional Forecast 2018-2026". Besides this, the report also provides a comprehensive assessment of the various factors and dynamics that can potentially influence the size, share, and growth of this market in the given period. The exhaustive research on the different facets of the industry trends is aimed at enabling businesses to take informed decisions based on sound facts and needs of the market.
To gain more insights into the market with detailed table of content and figures, click here:
https://www.fortunebusinessinsights.com/industry-reports/aircraft-engine-market-101766
List of Prominent Players Profiled in Aircraft Engine Market:
- MTU Aero Engines AG
- United Technologies Corporation
- Honeywell International Inc.
- Rolls-Royce Holdings Plc.
- Textron, Inc.
- CFM International SA
- International Aero Engines AG
- Safran SA
- General Electric Co.
Advancements in Aircraft Engineering to Open New Avenues for the Market
Aviation technology has grown by leaps and bounds in the past few decades. Airliners are demanding lightweight airplanes that are fuel-efficient and spatially well-designed. Many of the big companies operating in the aviation industry are making great strides in advancing aircraft technology. For instance, Airbus, Rolls-Royce, and General Electric announced in 2018 that they were diligently working towards developing hybrid engines. Hybrid engines is expected to bring down air travel costs substantially and at the same time, aid in reducing carbon emissions.
Request Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-engine-market-101766
Moreover, one of the leading Aircraft Engine Market trends is the advent of 3D printing for aircraft engine and other parts. For example, General Aviation developed the Catalyst engine using 3D printed engine parts.
North America to Hold Lion's Share in the Market; Asia-Pacific to Register Highest Growth
Having generated USD 27.20 billion in revenue in 2018, North America is slated to continue its dominance of the Aircraft Engine Market share till 2026. This is mainly on account of increased government spending on military helicopters and fighter jets, particularly in the US, and rising demand for more stringent border security measures. Within this region the US is expected to lead the market owing to the widening defense expenditure in the country.
Asia-Pacific is projected to showcase the highest growth rate as a result of increasing spending on defense by the governments in India and China and rising demand for business jets in these countries. Furthermore, well-established presence of companies such as GKN Aerospace will augment the airplane engine market outlook in the forecast period.
Heightened Innovation Energies to Spruce up Competition
Competition in this market is about a major thrust as key players adopt strategies to crystallize their position, the Aircraft Engine Market forecast by Fortune Business Insights says. These strategies include developing new-age products, entering into collaborations, and increasing investment in R&D.
Get your Customized Report: https://www.fortunebusinessinsights.com/enquiry/customization/aircraft-engine-market-101766
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments - Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Value Chain Analysis
- Global Aircraft Engine Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast - By Engine Type
- Turboprop
- Turboshaft
- Turbofan
- Piston Engine
- Market Analysis, Insights and Forecast - By Technology
- Conventional Engine
- Electric/Hybrid Engine
- Market Analysis, Insights and Forecast - By Component
- Compressor
- Turbine
- Gear box
- Exhaust Nozzle
- Fuel System
- Others
- Market Analysis, Insights and Forecast - By End User
- Commercial Aviation
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Regional Transport Aircraft
- General Aviation
- Business Jets
- Business Helicopters
- Ultralight Aircraft
- Military Aviation
- Fighter Jets
- Transport Aircraft
- Military Helicopter
- Market Analysis, Insights and Forecast - By Region
- North America
- Europe
- Asia Pacific
- Rest of the world
TOC Continued…!
Key Industry Developments:
- December 2019: Safran SA teamed up with MTU Aero Engines to develop groundbreaking engine for the European Next Generation Fighter (NGF) aircraft, with Safran leading engine design and integration and MTU to focus on engine services.
- November 2019: Rolls-Royce Holdings won a $1.2 billion, 5-year Mission Care contract to maintain AE 1107C engines on the V-22 aircraft used by the US Navy, Air Force, and Marine Corps.
Order Single or Multi User License Copy: https://www.fortunebusinessinsights.com/checkout-page/101766
Have a Look at Related Reports:
Unmanned Aerial Vehicle (UAV) Market Size, Share & Industry Analysis, By Application (Military, Commercial & Civil, and Recreational), By System (Airframe, Payload, Avionics, Propulsion), By Technology (Remotely Operated, Semi-Autonomous, Fully-Autonomous), By Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), and Regional Forecast 2015-2026
Aerostructures Market Size, Share & Industry Analysis, By Component (Wings, Nose, Fuselage, Nacelle, Empennage & Pylon and Others), By Material (Metals, Composites and Alloys), By Platform (Fixed-wing aircraft (Commercial Aircraft, Military Aircraft, and UAV's) and Rotary-wing Aircraft (Commercial Aircraft, Military Aircraft, and UAV's)), and Regional Forecast 2015-2026
Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026
Business Jet Market Size, Share & Industry Analysis, By Aircraft Type (Light, Mid-sized, Large, and Airliner), Point of Sale (OEMs, and Aftermarket), Systems (Aerostructures, Avionics, Propulsion Systems, Aircraft Systems, Cabin Interiors, Landing Gears and others), By End User (Private and Operator), and Regional Forecast 2019-2026
Aerospace 3D Printing Market Size, Share & Industry Analysis, By Vertical (Printers and Materials), By Industry Type (UAV, Aircraft, and Spacecraft), By Application Type (Engine Components, Space Components, and Structural Components), By Printer Technology Type (DMLS, FDM, CLIP, SLA, SLS and Others), and Regional Forecast 2019-2026
About us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Website: Fortune Business Insights
Follow us on:
LinkedIn | Twitter | Blogs
Photo: https://mma.prnewswire.com/media/1043535/Aircraft_Engine_Market.jpg
Logo: https://mma.prnewswire.com/media/881202/Fortune_Business_Insights_Logo.jpg
