LONDON–(BUSINESS WIRE)–#Technavio–The commercial aircraft gas turbine engine market is expected to grow by USD 15.84 billion, progressing at a CAGR of almost 6% during the forecast period.


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The advancements in engine technologies is one of the major factors propelling market growth. However, factors such as the grounding of fleet due to technical issues will hamper growth.

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Commercial Aircraft Gas Turbine Engine Market: Technology Landscape

Based on technology, the turbofan segment led the market in 2019. This is due to the wide adoption of turbofan technology by commercial airliners. The market growth in the segment will be significant over the forecast period.

Commercial Aircraft Gas Turbine Engine Market: Geographic Landscape

By geography, APAC is expected to witness lucrative growth during the forecast period. About 53% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC is driven by increased demand for narrow-body aircraft and newer and improved versions of aircraft.

China and India are the key markets for commercial aircraft gas turbine engine in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • General Electric Co.
  • GKN Aerospace Services Ltd.
  • Honeywell International Inc.
  • MTU Aero Engines AG
  • Raytheon Technologies Corp.
  • Rolls-Royce Plc
  • Safran SA
  • UEC-Aviadvigatel Joint Stock Co.
  • UEC-Saturn
  • Williams International Co. LLC

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • Turbofan – Market size and forecast 2019-2024
  • Turboprop – Market size and forecast 2019-2024
  • Market opportunity by Technology

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Narrow-body aircraft – Market size and forecast 2019-2024
  • Widebody aircraft – Market size and forecast 2019-2024
  • Regional aircraft – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • General Electric Co.
  • GKN Aerospace Services Ltd.
  • Honeywell International Inc.
  • MTU Aero Engines AG
  • Raytheon Technologies Corp.
  • Rolls-Royce Plc
  • Safran SA
  • UEC-Aviadvigatel Joint Stock Co.
  • UEC-Saturn
  • Williams International Co. LLC

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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