Aircraft Engines Market Size Analysis, DROT, PEST, Porter, Region & Country Forecast by 2028
Market Trends – Growing Demand for Next Generation Engines
— Emerging research
VANCOUVER, BC, USA, Aug. 30, 2022 /EINPresswire.com/ — The report talks about the changing demand and emerging trends that are expected to drive the growth of the aircraft engine market. The growing demand for the aircraft engine market is expected to drive the demand for the aircraft engine market, thereby enhancing the growth of the industry. Additionally, the report also studies the impact of the COVID-19 pandemic on the market.
The global aircraft engine market size reached $56.39 billion in 2020 and is expected to register a CAGR of 8.7% during the forecast period, according to the latest analysis from Emergen Research. The major factors driving the revenue growth of the global aircraft engine market include increasing commercial aircraft operations and growing demand for aircraft engines for unmanned aerial vehicles (UAVs). Demand for cleaner or greener next-generation engines and lightweight aircraft, which can boost fuel economy, are other factors driving the market revenue growth. Companies are investing in R&D to develop engine models using advanced technologies and composites, as well as additive manufacturing (AM) – also known as 3D printing.
However, concerns regarding the durability of aircraft engines and rising fuel costs are expected to hamper the growth of the global aircraft engine market to some extent during the forecast period. In addition, growing environmental concerns regarding fuel emissions from aircraft engines are also restraining the market growth.
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The report addresses the following key points:
The report provides a forecast of the market drivers, restraints, and future opportunities for the Aircraft Engine market
The report further analyzes changing market dynamics
Regional Analysis and Segmentation of the Aircraft Engines Market with analysis of the regions and segments expected to dominate market growth
Comprehensive competitive landscape mapping with key competitor profiles
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by leading companies
Revenue forecast, country scope, application information and product information
Some major companies in the market report include General Electric Company (GE Aviation), Honeywell International Inc., Rolls-Royce Holdings PLC, Safran SA, MTU Aero Engines AG, IAE International Aero Engines AG, Textron Inc., CFM International SA, United Technologies Corporation and Raytheon Technologies Corporation
The research study sheds light on key growth opportunities and market trends along with other vital market dynamics including industry growth drivers and restraints. With this report, potential buyers can be sure of becoming capable of adapting to the changes in the aircraft engine industry.
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The study was conducted based on input from industry leaders. Thus, a conscious effort to dive deep and unearth hard-to-find information regarding the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market information report further includes discussions of major vendors operating in the field of aircraft engines.
Emergen Research has segmented the global aircraft engine based on type, platform, component, technology, end use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Platform Outlook (Revenue, USD Billion; 2018-2028)
Unmanned aerial vehicles
Rotary wing aircraft
Components Outlook (Revenue, USD Billion; 2018-2028)
Technology Outlook (Revenue, USD Billion; 2018-2028)
End-Use Outlook (Revenue, USD Billion; 2018-2028)
The report sheds light on the region expected to dominate the Aircraft Engines Market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share that each region is expected to hold during the forecast period. The report analyzes the spread of the Aircraft Engines market in key geographies covering North America, Latin America, Europe, Asia-Pacific, Middle East & Africa. The regional analysis gives an idea of production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and presence leading players in each region.
Aircraft Engines Market Report Overview:
Introduction, Product Scope, Market Overview and Opportunities
Manufacturers Analysis with Sales, Revenue and Price Analysis
Complete analysis of the competitive landscape
Detailed profiling of key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share and global position
Country-wise analysis of the market along with types, applications, and manufacturing
Strategic recommendations to established players as well as new entrants
The study develops crucial information relating to the regional share of aircraft engines. It simultaneously focuses on significant details of the growth patterns of each regional market.
Additionally, the report contains an exhaustive geographical study of the market, emphasizing business growth prospects and market barriers for each of the key market regions.
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Aircraft engine market size worth USD 108.47 billion in 2028