Global Aircraft Engines Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global aircraft engines market in its upcoming report titled, “Global Aircraft Engines Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global aircraft engines market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aircraft engines market report has been segmented on the basis of engine type, wing type, end-user, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

An aircraft engine is the component of the aircraft propulsion system which generates mechanical power. Aircrafts commonly contain gas turbine or piston engines. In piston engines, chemical energy is converted into heat energy by fuel consumption, followed to piston rotate crankshaft to create mechanical energy. There are different types of aircraft engines available in the market such as V-type engine, H-configuration engine, in-line engine, rotary engine, turbojet engine, radial engine, etc. Aircraft engines are used according to the type, function, and application requirements of the aircraft.

Increasing demand of aircrafts in the commercial aviation sector is a major factor, driving the growth of the global aircraft engines market. Increasing military budgets, especially in emerging economies and adoption of aircrafts that are equipped with advance technology are also factors propelling the demand of the aircrafts and drives the growth of the global market. In addition, growing regional unrest and increasing terrorist activities are also factors anticipated to increase demand for aircrafts in the military sector.

Furthermore, the increasing adoption of electrical aircrafts and aircrafts with less emission, owing to increasing environmental awareness is resulting into rising demand for electric engines, turbo engines, etc. Also, the increasing demand for lightweight aircraft and growing number of manufacturers especially in developing countries are factors expected to boost the growth of the global aircraft engines market.

However, growing environmental concerns with aircraft engine fuel emission and high cost of advanced engines are factors, may hamper the growth of the global aircraft engines market. Nonetheless, development of lightweight aircrafts with sustainable energy and the introduction of a new range of less fuel consuming engines can create higher revenue opportunities for players in the target market.

The North America accounts for largest market share in terms of revenue and expected to maintain its dominance over the forecast period, owing to an increasing preference for air travel among consumers in the region. The Asia Pacific market is expected to witness the fastest growth, especially in emerging economies due to increasing manufacturers and rising military budget.

Global Aircraft Engines Market Segmentation:

Segmentation by engine type:

• Piston
• Turbofan
• Turboprop
• Turboshaft

Segmentation by wing type:

• Rotary
• Fixed

Segmentation by end-user:

• Military Aviation
• Civil Aviation
  • Commercial Aviation
  • General Aviation

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa