—
The growth of this market is mainly driven by increasing air traffic, growing demand for new aircrafts, rising demand for fuel-efficient and light weight engines, huge competition between airline companies, replacement of old engines with new ones, emergence of 3D printed engine components and emergence of aircraft manufacturers in developing regions. Furthermore, development of next-generation engines is major influencing factor. However high cost related with new technology and environmental hazards are restraining the market growth.Request for sample here: http://www.strategymrc.com/report/aircraft-engines-market/request-sample
Aircraft engine is the component of the propulsion system for an aircraft that generates mechanical power. Aircraft engines are either lightweight piston engines or gas turbines, except for small multicopter UAVs which are always electric aircraft. Manufacturers are engaged in developing efficient and sophisticated engines to fulfil the foregoing demands. Moreover, airline companies and engine manufacturers are forming strategic partnerships to design and develop superior and economical engines for different applications.
By product, turbofan segment is expected to witness higher CAGR during the forecast period due to its significance in fuel efficiency and reliability and increasing demand for these engines by major airlines across the globe. By application, commercial segment dominated the global market for aircraft engine and is expected to see the highest growth during the forecast period owing to increase in aircraft orders. Moreover, military applications are also expected to grow at a significant growth rate.
Asia Pacific is witnessing strong growth rate, which has triggered by steady growth in air passenger traffic. APAC is witnessing an increase in the demand for energy-efficient aircrafts which drives the replacement of aging aircrafts with technologically advanced ones, which in turn, will provide significant growth opportunities for engine manufacturers in the region.
Access the complete report at: http://www.strategymrc.com/report/aircraft-engines-market/description
Some of the key players profiled in the report include CFM International SA ,Engine Alliance LLC ,General Electric Co., Hindustan Aeronautics Limited, Honeywell International Inc., International Aero Engines AG, JSC Klimov, MTU Aero Engines AG,Pratt & Whitney Division Snecma S.A, Rolls-Royce Holdings PLC., Safran SA, Textron, Inc.,The Boeing Company, United Technologies Corporation, Mahindra Aerospace.
Make an inquiry at: http://www.strategymrc.com/report/aircraft-engines-market/description
Platform Covered:
• Rotary Wing
• Fixed Wing
Product Types Covered:
• Turbo shaft
• Turboprop
• Piston Engine
• Turbofan
Applications Covered:
• Military Aviation
• Commercial Aviation
• General Aviation
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, 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
Follow us on Twitter:
https://twitter.com/StratisticsMRC
Follow us on LinkedIn at:
https://www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile
About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Website: http://www.strategymrc.com
Release ID: 318370