The global aircraft engine industry is expected to reach
Dublin, September 24, 2021 (GLOBE NEWSWIRE) – The “Aircraft engine market by type (turboprop, turbojet, turboshaft, piston engine), platform (fixed wing, rotary wing, drone), component (compressor, turbine, gearbox, exhaust nozzle, fuel system), technology and region – Forecast to 2026 report “has been added to ResearchAndMarkets.com offer.
The size of the aircraft engines market is expected to grow from USD 60.8 billion in 2021 to USD 92.9 billion by 2026, at a CAGR of 8.9% from 2021 to 2026. The market is driven by various factors , such as increased demand from the commercial aviation industry. , growing demand for fuel efficient aircraft engines and increasing investment in the defense aviation sector.
The increase in operations in the commercial aviation sector in various countries spread across different regions, along with the growing demand for commercial aircraft, will drive the demand for the aircraft engine market. Narrow-body aircraft are proving to be an integral part of the commercial airline industry, with countries like the United States, China, Israel, Turkey and others investing heavily in operations related to the airline industry. commercial aircraft. While in the commercial aviation industry, Boeing, in its business outlook for 2020, reported that the demand for narrow-body aircraft was increasing in economically growing countries such as India, China and others. Hence, increased operations in the commercial aviation industry will drive the demand for the aircraft engine market during the forecast period.
The aircraft engine market includes major players such as Safran SA (France), General Electric Company (United States), Honeywell International Inc (United States), Rolls Royce PLC (United Kingdom) and MTU Aero Engine ( Germany). These players have extended their activities to various countries, including North America, Europe, Asia-Pacific, Middle East, Africa and Latin America. COVID-19 has also had an impact on their businesses. Industry experts believe COVID-19 affected aircraft engine production and services around the world in 2020.
The turbofan aircraft engine type is expected to experience a higher CAGR during the forecast period.
On the basis of type, turbofan aircraft engines are expected to grow at the highest CAGR rate in the aircraft engine market during the forecast period. Turbojet engines are much more capable of flying at a higher altitude than other engines, these engines are also quieter than others, they are the most suitable engine for long distance flights due to their lighter weight.
The fixed wing segment is expected to experience the highest CAGR during the forecast period.
On the basis of the platform, fixed wing aircraft engines are expected to grow at the highest CAGR rate in the aircraft engine market during the forecast period. With the growing demand for commercial aircraft in all parts of the industry, the demand for aircraft engines is also increasing. A fixed-wing aircraft generates forward thrust and is heavier than other aircraft that use wings to generate lift for flight. A fixed-wing aircraft uses airspeed to generate lift. In a fixed-wing aircraft, the wings are not always static and the pilot does not always have to fly the aircraft.
The turbine is expected to experience the highest CAGR during the forecast period.
On the basis of component, the turbine is expected to grow at the highest CAGR for the aircraft engine market during the forecast period. A turbine is a rotary engine that is used to extract energy from a flow of combustion gases. Thus, a turbine harnesses the kinetic energy of these gases and transforms them into rotational movement. A turbine in an airplane engine is made up of a series of vanes and allows the flow of gas to enter the turbine that pushes the vane. This creates a rotational motion after which the gases are ejected which has less energy.
Conventional aircraft engines are expected to experience the highest CAGR during the forecast period.
On the basis of technology, the conventional aircraft engine segment is expected to grow at the highest CAGR rate of the aircraft engine market during the forecast period. A conventional airplane is also called an airplane engine. It is the main power component for the aircraft’s propulsion system. The majority of aircraft engines are either piston aircraft engines or gas turbine aircraft engines. Some of the main types of aircraft engines are turboprop aircraft engines, turbofan aircraft engines, turbocharged aircraft engines, and piston aircraft engines.
The North American market is expected to contribute the largest share from 2021 to 2026.
North America is expected to account for the largest regional share of the aircraft engine market during the forecast period. The key factor responsible for North America leading the aircraft engine market due to the rapid growth of state-of-the-art aircraft engine in the region. In North America, the rise of manufacturing industries and the growth of the aerospace and defense aviation industry are encouraging aircraft engine manufacturers to introduce technologically advanced and efficient products into various types of aircraft. planes. The growing demand for aircraft engines and the presence of some of the major players operating in the market such as General Electric Company, Honeywell International Inc., Collins Aerospace, and Textron Inc. are expected to drive the aircraft engine market in America. North. These players focus on R&D to increase their product lines and use technologically advanced systems, sub-systems and other components for the manufacture of aircraft engines.
Main topics covered:
2 Research methodology
3 Executive summary
4 premium information
4.1 Attractive Opportunities in the Aircraft Engine Market
4.2 Aircraft Engines Market, by Component
4.3 Aircraft Engines Market, by Technology
4.4 Aircraft Engines Market, by Type
4.5 Aircraft Engines Market, By Platform
4.6 Aircraft Engines Market, by Country
5 Market overview
5.2 Market dynamics
18.104.22.168 Increase in operations in the commercial aircraft industry
22.214.171.124 Growing Demand for Fuel Efficient Aircraft Engines
126.96.36.199 High cost of aircraft engines
188.8.131.52 Engine component manufacturing challenges
184.108.40.206 Growing demand for zero emission aircraft
220.127.116.11 Growing demand for drones for commercial and military applications
18.104.22.168 COVID-19 disrupts aircraft engine supply chain operations
22.214.171.124 Strict regulatory environment for the manufacture of aircraft engines and MRO
5.3 Impact of COVID-19 on the aircraft engine market
5.4 Ranges and scenarios
5.5 Technological analysis
5.5.1 Full Authority Digital Engine Control (Fadec)
5.5.2 Predictive maintenance
5.6 Trends / disruptions affecting customer activities
5.6.1 Revenue Shift and New Revenue Pockets for Aircraft Engine Market
5.7 Market ecosystem
5.7.1 Significant companies
5.7.2 Private and small businesses
5.7.3 End users
5.8 Value chain analysis
5.9 Porter’s five forces model
5.10 Analysis of the case studies
5.11 Pricing and regulatory landscape
6 industrial trends
6.2 Emerging trends
6.2.1 Hybrid engines
6.2.2 Ceramic matrix composite technology
6.2.3 Predictive maintenance
6.2.4 Technological advances and continuous improvement
6.3 Supply chain analysis
6.4 Impact of megatrends
6.5 Innovations and patent registrations, 2012-2020
7 Aircraft Engine Market, by Type
7.5 piston engine
8 Aircraft Engine Market, By Platform
8.2 Fixed wing
8.2.1 Commercial aviation
126.96.36.199 Narrow-body airplanes (Nba)
188.8.131.52.1 The increase in air traffic stimulates growth
184.108.40.206 Widebody Airplane (WBA)
220.127.116.11.1 Increase international passenger air travel
18.104.22.168 Regional transport aircraft (Rta)
22.214.171.124.1 Growing demand for regional transport aircraft in the United States and Asia-Pacific
8.2.2 Business and general aviation
126.96.36.199 Business aircraft
188.8.131.52.1 Increase in business activity globally to drive demand
184.108.40.206 Light aircraft
220.127.116.11.1 Technological advances in general aviation to stimulate demand
8.2.3 Military aeronautics
18.104.22.168 Fighter plane
22.214.171.124.1 Increase national security to stimulate the market
126.96.36.199 Transport aircraft
188.8.131.52.1 Growing use of transport aircraft in military operations to stimulate demand
184.108.40.206 Special mission aircraft
220.127.116.11.1 Growing defense spending and territorial conflicts to stimulate demand
8.3 Rotating wing
8.3.1 Commercial helicopters
18.104.22.168 Extension of commercial helicopter applications
8.3.2 Military helicopters
22.214.171.124 Advanced military helicopters equipped with new generation sensors
8.4 Unmanned aerial vehicles
9 Aircraft Engine Market, by Component
9.5 Exhaust system
9.6 Fuel system
10 Aircraft Engine Market, by Technology
11 Regional analysis
12 Competitive landscape
12.2 Ranking of the main players, 2020
12.3 Key Players Market Share Analysis, 2021
12.4 Revenue Analysis of Top 5 Market Players, 2020
12.5 Competition overview
12.6 Analysis of the company’s product footprint
12.7 Company valuation quadrant
12.7.2 Emerging Leader
12.8 Competitive scenario
12.8.2 Product launches
13 company profiles
13.1 Key players
13.1.1 General Electric Company
13.1.2 Rolls-Royce plc.
13.1.3 Collins Aerospace
13.1.4 Safran SA
13.1.5 Honeywell International, Inc.
13.1.6 Engine Alliance LLC
13.1.7 Textron inc.
13.1.8 International Air Engines
13.1.9 Mtu Aero Engines
13.1.10 Pratt and Whitney
13.1.11 Barnes Group Inc.
13.1.12 Williams International
13.1.13 Uec Aviadvigatel
13.1.14 Ihi Company
13.1.15 Lycoming Engines
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