Aircraft Engines Market, by Type (Turboprop Engine, Turbofan Engine, Turboshaft Engine, Piston Engine), Application (Commercial Aviation, Military Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
Chicago, IL -- (SBWIRE) -- 07/05/2017 -- Many countries have been embarked on a program of military modernization which includes development of fighters, transport, reconnaissance, and aircraft covering multirole, bombers, training, and surveillance. During the forecast period, growing global expenses on military aircraft engines is driven by fleet replacement, upgrade projects and modernization programs. Due to fewer funds, as compared with previous aircraft, modern aircraft are required to be more versatile as it necessitates the need for more efficient and powerful engines. As top defense spenders are highly investing in the development of latest generation fighters, the segment of combat engines is projected to dominate the industry during the forecast period.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the aircraft engines market. The scope of this report covers the aircraft engines market by its major segments, which include the types, applications, and the major geographic regions.
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Regionally, the global market for aircraft engines is segmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Followed by Europe, Asia-Pacific, and the Rest of the World (RoW), North America is anticipated to grow at highest market share in the near future. The Asia-Pacific region is growing fast in the aircraft engines market. This is due to increase in manufacturing of commercial aircraft in Japan and China. Also the growth in this region is projected to be high due to increase in passenger traffic and aircraft in India and China, among other regions.
KEY MARKET PLAYERS
Key players in the aircraft engines market include:
1. General Electric Co.
2. CFM International SA
3. Rolls-Royce Holdings PLC.
4. United Technologies Corporation
5. International Aero Engines AG
6. Safran SA
7. Honeywell International Inc.
8. Engine Alliance LLC
9. Textron, Inc.
10. MTU Aero Engines AG
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