Technavio has announced its latest market research report titled Aircraft Engine Compressor Market by Application and Geography – Forecast and Analysis 2021-2025 | State
NEW YORK, Feb. 15, 2022 /PRNewswire/ — The “Aircraft Engine Compressor Market by Application (Commercial and Business Aircraft and Military Aircraft) and Geography (Europe, North America, APAC, South America and MEA) – Forecast and Analysis Report 2021-2025” has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years. 38% of the market growth will come from Europe during the forecast period.The UK, Germany and France are the major markets for aircraft engine compressors in Europe.The market growth in this region will be faster than the market growth in North America and MEA.Europe is a major market in the aviation industry, with considerable production of aircraft engines, civil aircraft, military aircraft, helicopters and aircraft components.The aeronautical industry in Europe is concentrated in the UK, Germany, France, Italy, Russia, Spain, Poland and Sweden. With the presence of major aircraft manufacturers, such as Airbus, the region is experiencing strong demand for aircraft. Airbus has several sites in Europe, located in France, Germany, Spain and the United Kingdom. Europe also has well-established domestic airport connectivity, which contributed to aircraft demand in 2018.