Global Aircraft Engines Market Overview 2021, Trends, Applications, Types, Research, Forecast Till 2027
Aircraft Engine Market Size – $ 56.39 Billion in 2020, Market Growth – at a CAGR of 8.7%, Market Trends – Growing Demand for Next Generation Engines
VANCOUVER, BC, CANADA, December 9, 2021 /EINPresswire.com/ – The Global Aircraft Engines Market Research report is a comprehensive overview of the Aircraft Engines Market published by Emergen Research which provides an in-depth assessment of the market scenario with respect to size, share, demand, growth, trends and market forecast from 2021-2028. The report provides the analytical data in an organized format segmented into graphs, tables, graphs, figures, and diagrams, among other graphical representations.
The increase in operations and fleet expansion in the commercial aircraft industry and the growing demand for engines for drones are key factors driving the revenue growth of the global market
The Global aircraft engine market The 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. Major factors driving global aircraft engine market revenue growth include increasing commercial aircraft operations and growing demand for aircraft engines for unmanned aerial vehicles (UAVs). The demand for cleaner or greener next-generation engines and light aircraft, which can boost fuel economy, are other factors driving the market revenue growth. Companies invest in R&D to develop engine models using cutting-edge technologies and composites, as well as additive manufacturing (AM) – also known as 3D printing.
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IndiGo has signed an agreement with CFM International, which is a joint venture of General Electric and Safran Aircraft Engines, to supply LEAP-1A engines to power 310 Airbus Jets. In addition, the company announced a long-term maintenance contract for the LEAP-1A engines. This is CFM’s largest order in terms of number of engines. IndiGo selected the LEAP-1A engines and announced a long-term maintenance contract for engines capable of powering 280 A320neo series aircraft in 2019. As a result of this new agreement, the LEAP-1A engine and its contracts Long-term maintenance is now managed to secure a total of 590 IndiGo A320neo series aircraft.
North America is expected to account for a relatively larger revenue share than other regional markets during the forecast period. Rising defense spending on military aircraft, jet fighters, and single-engine aircraft is a key driver of market growth in this region.
It also analyzes revenue growth, key factors affecting market growth in each region, regulatory framework, economic growth, consumer demand and the presence of key companies.
Regional Outlook (Revenue, USD Billion; 2017-2028)
Competitive analysis :
The report also provides details of the market players in the global Aircraft Engines market along with their company overview, global status, product portfolio, company financial status, and agreement. license. Major market players are adopting various strategies such as mergers and acquisitions, joint ventures, collaborations, partnerships, research and development investments, and product launches to gain a firm foothold in the market and improve their product base.
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
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The report provides details of major regions, applications, types, end users, market value and volume as well as verticals. The report is generated through extensive research and then evaluated by industry experts and offers a comprehensive understanding of demand and supply dynamics including production and consumption rates, and market mapping. global.
Emergen Research has segmented the global aircraft engine on the basis of type, platform, component, technology, end use, and region:
Type Outlook (Revenue, Billions USD; 2018-2028)
Platform Outlook (Revenue, USD Billion; 2018-2028)
Unmanned aerial vehicles
Fixed wing aircraft
Rotary wing airplane
Components Outlook (Revenue, USD Billion; 2018-2028)
The report also provides a comprehensive analysis of key companies as well as new emerging players in the industry. The report examines in detail recent technology trends, business initiatives such as mergers and acquisitions, joint ventures, collaborations, etc., product portfolio and advancements, as well as the different investment strategies adopted by companies for respond to a global audience and gain a solid foundation. on the market.
Overview of the table of contents of the report:
Introduction, scope and overview
Opportunities, risks and drivers
Analysis of the competition landscape with sales, revenue and pricing
In-depth profiling of key competitors with sales figures, revenue and market share
Regional analysis with sales, revenue and market share for each region for the forecast period
Country Analysis of Aircraft Engines Market by Type, Application and Manufacturers
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