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SummaryA New Market Study, titled “Aero-engine Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
This report provides in depth study of “Aero-engine Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Aero-engine Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Competitive Landscape
The global aero-engine market comprises a host of key players. This includes names like Safran, GE, Rolls-Royce, Pratt & Whitney, and others.
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Market Overview
Aircraft engines are referred to as primary propulsion devices that helps produce the required thrust to generate lift that the aircraft needs to fly. These aircraft engines have a design that is synonymous to reciprocating engines that are used automobiles. Turbofan engines are reported to be the most common kind of jet engines found in commercial aircrafts due to their high bypass ration and efficiency in terms of fuel consumption. The manufacturers of aircraft engines are making constant efforts in innovating such systems to curb down the overall weightage and enhance the fuel efficiency and performance level.
The report published in HeyReport on the global aero-engine market revealed the growth of the market to be at a notable pace. The valuation of the aero-engine market was further stated to surpass its previous valuation.
In recent years, air-based traveling has considerably increased. A major section of the population are traveling through flights due to their high disposable incomes and the affordable rates brought-forward by airline companies. This is pushing the airline carriers to expand their fleet size in order to cater to the overall demand. This factor is one of the key drivers of the global aircraft engines market. However, it is worth noting that aircraft engines are cost-intensive products. This can pose to be a major challenge for the manufacturers and curb down the growth of the aviation industry. Add to this, in order to maintain and manufacturer aircraft engines a large pool of highly skilled personnel are required. This strikingly increases the cost of investment and acts as a key roadblock to the growth of the global aero-engine market.
Market Segmentation
The global aero-engine market has been segmented in terms of type, end-user, and components.
By application, the market divides into the following military aircrafts and commercial aircrafts.
By type, the market segments into gas turbine engine, piston engine, and others.
Regional Analysis
The global aero-engine market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The North American region is expected to pose decent growth in the coming years due to an increase in the number of passengers traveling by flight every year. Add to this, the presence of major aircraft manufacturers is one of the other key factors behind the growth of the aero-engine market in this region. Elsewhere, the massive scale developments in China is pushing the growth of the Asia Pacific regional market. The Asian powerhouse most recently set up its very own aircraft engine manufacturing plant, one which is anticipated to contribute major share percentage to the Asia Pacific regional market. The European regional market of aero-engine is enjoying considerable growth as well due to the presence of various key manufacturers in countries like the UK and Russia.
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Major Key Points in Table of Content
1 Global Market Overview
2 Regional Market
3 Key Manufacturers
4 Major Application
5 Market by Type
6 Price Overview
7 Conclusion Fig Global Aero-engine Market Size and CAGR 2013-2018 (Million USD)
Continued....
Report Summary:
In the first section, the Global Aero-engine Market report presents industry overview, definition, and scope. The second part briefs about the Global Aero-engine industry bifurcation by Type, Application and Geographical regions. The top industry players, revenue analysis, and sales margin are explained. The production and consumption scenario is specified.
The SWOT analysis by players, the growth rate for each type, application, and the region is covered. A 5-year forecast Global Aero-engine industry perspective will lead to profitable business plans and informed moves. Towards, the end data sources, research methodology, and findings are offered.
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