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Aircraft Engine Market By Aircraft Type (Fixed Wing Aircraft, Rotary Wing Aircraft), By Engine Type (Turboprop, Turbofan, Turboshaft, Piston Engine), By End-User (Commercial Aircraft, Military Aircraft, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Aircraft engine can be defined as most vital parts of propulsion system which converts fuel energy into useful mechanical energy used to lift and propel the aircraft. Almost every aircraft except some hybrid or solar-powered aircraft use some form of the mechanical engine for their propulsion. A variety of aircraft engines are available for different end-use application aircraft including, passenger, cargo, military and aerospace applications. Air transport for passenger, cargo and military application has been on the rise consistently from past few decades. In order to fulfill the demand, a number of new aircraft are introduced continuously. With consistently rising demand for all the aforementioned end-user application, the aircraft engine market is also expected to grow in proportion to the demand for aircraft.

Rising fuel prices, strict emission norms and need of powerful engines have forced the aircraft engine manufacturers to upgrade their existing products. In order to fulfill the aforementioned demands, aircraft engine manufacturers are engaged to design and develop more sophisticated and efficient engines. Aircraft with better fuel injection systems and low noise emission is a result of perpetual technological development in the field of engine design. Manufacturing companies, OEM and airline companies are forming alliances and strategic partnership to develop better and economical engines for different end-use aircraft verticals. In addition, the companies are also striving to acquire contracts from government airline agencies and military organization to provide aircraft engines. Owing to breath-taking competition between airline companies and consistently growing demand for new aircraft, the overall aircraft engine market is expected to demonstrate a uniform growth throughout the forecast period.

Aircraft Engine Market

 

The report titled “Aircraft Engine Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global aircraft engine market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on engine type, aircraft type, end-user and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading aircraft engine manufacturing companies, their strategies, market positioning and key developments. Some of the major players profiled in the report include General Electric Company, Rolls-Royce Motor Cars Limited, Honeywell International Inc., United Technologies Corporation, Pratt & Whitney Division, Snecma S.A, Hindustan Aeronautics Limited, United Technologies Corporation, Safran, The Boeing Company, International Aero Engines AG, Engine Alliance LLC, Extron, Inc. and MTU Aero Engines AG.

Other in-depth analysis provided in the report includes:

Current and future market trends to justify the forthcoming attractive markets within the aircraft engine.
Market fuelers, market impediments, and their impact on the market growth
Market inclination insights and key trend analysis for aircraft engine market
In-depth competitive environment analysis
Trailing 2-Year market size data (2015 – 2016)
Overall, the research study provides a holistic view of the global aircraft engine market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global aircraft engine market is segmented, based on end-user, into following categories:

  • Commercial Aircraft
  • Military Aircraft
  • Others
     

Aircraft Engine Market

Consistently growing trade and passenger transport among different countries has boosted the commercial aviation industry significantly. Blooming aviation industry has generated the demand for new and advanced aircraft. Manufacturers are continuously engaged in the enhancement of current engines for more economical and comfortable aviation experience. With the perpetual growth of commercial aviation, the market segment is expected to dominate the overall aircraft engine market throughout the forecast period. As of 2016, commercial aircraft engine segment dominated the overall aircraft engine market.

Military aircraft engine segment trailed the commercial aircraft engine segment in the base year 2016. Military and defense organization across the globes are consistently strengthening their air-force defense system by adding new and improved version of fighter aircraft and helicopters. Rising terrorist activities and territorial disputes among nations have forced the nation to incorporate state of the art air defense system including fighter aircraft and helicopters. Subsequently, the military aircraft engine segment is expected to grow at a significant rate in the following years.  

The global aircraft engine market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

Aircraft Engine Market


As of 2016, North America dominated the overall aircraft engine market in terms of revenue as well as in volume. A consistent rise in the aviation industry has been observed in the past few years in North America especially in the U.S. Rising trade activities and passenger transportation has encouraged the growth of aviation industry. Consequently, the demand for the aircraft engines has uplifted significantly. In addition, strengthening of the defense capabilities of new and advanced aircraft has also aided the overall aircraft engine market to flourish in this region. North America is expected to dominate the overall aircraft engine market throughout the forecast period during 2017 to 2025.

Europe trailed North America in the overall aircraft engine market in terms of revenue and volume. The heavy concentration of industrial manufacturing and established market has boosted the trade significantly, within and outside of the European region. Use of aircraft for cargo transportation has uplifted the aviation industry in this region. In addition, tourism in this region has also escalated the passenger transport through aircraft. With the growth in the aviation industry, the market for an aircraft engine is also expected to show a significant growth in coming years.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2017
Category:  Aerospace & defense
Report ID:   58713
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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