DUBLIN–(BUSINESS WIRE)–The “Aircraft Engines Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 to 2028” report has been added to ResearchAndMarkets.com’s offering.
The report offers strategic insights into the global aircraft engines market with a focus on the market size and estimates for the duration 2018 to 2028.
The said research study covers an in-depth analysis of market segments based on engine type, aircraft type, application, and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
Aircraft engine can be defined as the most vital parts of the 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 cargo and military application has been on the rise consistently for the past few decades. In order to fulfill the demand, a number of new aircraft are introduced continuously. With a consistently rising demand for all the aforementioned end-user application, the aircraft engines market is also expected to grow in proportion to the demand for aircraft.
With the onset of the COVID-19 pandemic, there has been a significant decline in air travel in 2020. For instance, some of the major airports across the world witnessed a fall of about 90% in terms of the number of people traveling. This has resulted in an unprecedented downturn in the overall airline industry. Thereby, the demand for aircraft engines from the commercial segment is expected to witness a significant decline during the forecast period from 2020 to 2028. However, the demand from military and government applications is expected to remain steady during the forecast period from 2020 to 2028.
Rising fuel prices, strict emission norms, and the need for 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, OEMs, and airline companies are forming alliances and strategic partnerships 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 organizations to provide aircraft engines. Owing to breath-taking competition between airline companies and continued demand for new aircraft, the overall aircraft engines market is expected to demonstrate a uniform growth throughout the forecast period.
- 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
- 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 engines market
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2018 – 2019)
Key Topics Covered:
2. Executive Summary
2.1. Global Aircraft Engine Market Snapshot
2.2. Global Aircraft Engine Market, By Engine Type
2.3. Global Aircraft Engine Market, By Aircraft Type
2.4. Global Aircraft Engine Market, By Application
2.5. Global Aircraft Engine Market, By Geography
3. Global Aircraft Engine Market Analysis
3.1. Global Aircraft Engine Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations
4. Global Aircraft Engine Market Revenue, By Engine Type, 2018 – 2028 (US$ Mn)
4.1. Market Analysis
4.5. Piston Engine
5. Global Aircraft Engine Market Revenue, By Aircraft Types, 2018 – 2028 (US$ Mn)
5.1. Market Analysis
5.2. Fixed Wing Aircraft Types
5.3. Rotary Wing Aircraft Types
6. Global Aircraft Engine Market Revenue, By Application, 2018 – 2028 (US$ Mn)
6.1. Market Analysis
6.2. Commercial Aircraft
6.3. Military Aircraft
7. North America Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)
8. Europe Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)
9. Asia Pacific Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)
10. Rest of World Aircraft Engine Market Analysis, 2018 – 2028 (US$ Mn)
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/nchp6c
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