The Aircraft Engines Market to get on to an astounding growth spree pedalling on innovation

Aircraft Engines Market: Introduction

Aircraft engines are primary propulsion devices that produce the necessary thrust to generate lift for the aircraft to fly. These engines were synonymous in design to reciprocating engines used in automobiles but in the present world, a shift from reciprocating engines to jet engines has been observed. Turbofan engines are the most common type of jet engines used in commercial aircraft, owing to their high bypass ratio and fuel efficiency. Manufacturers of aircraft engines are continuously engaged in innovating such systems in order to reduce the overall weight and improve fuel efficiency and performance.

Aircraft Engines Market: Dynamics
Air travel has increased considerably over the years. A large chunk of population, with high disposable income, now finds travelling through flights an affordable option, which is pushing airline carriers to increase their fleet size to cater to this demand. This factor is one of the primary factors driving growth of the aircraft engines market as airline carriers are increasingly ordering more and more aircraft. Air pollution caused by the exhaust fumes generated after the combustion of fuel in aircraft engines is a pressing concern acknowledged by government bodies across various economies. Hence, aircraft engine manufacturers are striving to manufacture fuel efficient and less polluting engines.

Aircraft engines are cost intensive products, which can prove to be a challenge for manufacturers and the growth of the aviation industry alike. The market is also dependent on the number of orders placed by airline carriers. High number of orders can strain the productivity of aircraft OEMs, thereby restraining growth of the market over the forecast period. Additionally, highly skilled personnel are required to manufacture as well as maintain aircraft engines, which increases the cost of investment and consequently, acts as a roadblock to the growth of the aircraft engine market.

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Aircraft Engines Market: Segmentation

basis of product type
  • Turbofan
  • Turboshaft
  • Turboprop
  • Piston Based
  • Others
basis of sales channel
  • Line Fit
  • Retro Fit
basis of application
  • Commercial Aviation
    • Narrow body aircraft
    • Wide body aircraft
    • Very large body aircraft
    • Regional aircraft
  • Business Aviation
  • Military Aviation
  • Recreational Aviation

Aircraft Engines Market: Regional Outlook

The market in North America is poised for above average growth, owing to the increase in the number of passengers travelling on a yearly basis. The presence of a prominent aircraft manufacturer in the region is another driving factor for the growth of the aircraft engine market. The European region also has potential to grow with a healthy rate in the market, owing to the presence of aircraft engine manufacturers in Russia and the U.K. In the Asia Pacific region, China is on the verge of manufacturing its own commercial aircraft to reduce the costs involved in imports. In line with this, China has set up its own aircraft engine manufacturing plant, which is anticipated to boost the production output of aircraft engines in the region. Large number of orders for new aircraft placed by significant carriers of the Middle East & Africa region are also expected to help the aircraft engines market grow further over the forecast period.

Aircraft Engines Market: Market Participants

Examples of some of the market participants in the global aircraft engines market, identified across the value chain include:

  • Continental Motors Group
  • Safran Aircraft Engines
  • General Electric Co.
  • Pratt & Whitney (United Technologies Corporation)
  • IAE International Aero Engines AG
  • United Engine Corporation
  • Rolls-Royce plc
  • Motor Sich JSC
  • AVIC Aircraft Corporation Ltd.
  • Aero Engine Corporation of China
  • MTU Aero Engines AG
  • Barnes Group Inc.
  • Honeywell International Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis for includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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