The global aircraft engine market has witnessed a substantial growth in recent years. The rise in the aircraft orders & deliveries, growing number of low cost carriers as well as increased demand for fuel efficient engines worldwide has fuelled the growth of the aircraft engine market. In addition, new aircraft manufactures are cropping up in Asia-Pacific and Latin America, which in-turn will help the market for aircraft engines to grow at a substantial rate during the forecast period.
Turbofan engine segment is expected to grow at the highest growth rate during the forecast period owing to the increased demand for fuel efficient engines by the airliners worldwide. On the basis of application, commercial segment is projected to be the fastest growing segment due to the rise in the passenger traffic globally, which inturn has made airlines to procure new aircrafts.
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Asia-Pacific is expected to grow at the highest rate during the forecast market. The key factors fuelling the growth of the said market in the Asia-Pacific region is the increasing in passenger traffic and rise in the number of low cost carriers. China and India are the key countries in the region. On the other hand, North America accounted for the largest share in aircraft engine market with United States being the major country in the region.
This research report on aircraft engine market provides in-depth analysis of the global market based on type, application, platform and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for aircraft engine market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including General Electric Co., CFM International SA, Rolls-Royce Holdings PLC., United Technologies Corporation, International Aero Engines AG, Safran SA, Honeywell International Inc., Engine Alliance LLC, Textron Inc., MTU Aero Engines AG
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Key questions this research would answer:
1- Is the aircraft engine market growing? How long will it continue to grow and at what rate?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the aircraft engine market?
4- How the penetration of different type of aircraft engines is changing in the overall aircraft engine market and what is driving this change?
The global aircraft engine market is segmented on the basis of type, application, platform, and geography:
Global Aircraft Engine Market by Type
• Piston Engine
Global Aircraft Engine Market by Application
• Commercial Aviation
• General Aviation
Global Aircraft Engine Market by Platform
• Fixed Wing
• Rotary Wing
Global Aircraft Engine Market by Region
• North America
Global Aircraft Engine Market Competitive Landscape
• Major Players and their Market Share Analysis
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint ventures
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This post was originally published on Industry Updates Daily