Pune, India -- (SBWire) -- 08/24/2018 --Aircraft Turbofan Engine Market Highlights
The market for global aircraft turbofan engine is expected to witness a significant growth during the forecast period. Over the years, Airbus and Boeing have accrued several thousand backlogs of fuel efficient aircraft, which would simultaneously translate into several subsequent years of the production of turbofan engines.
Therefore, the global aircraft turbofan engine market is expected to grow at a CAGR of approximately 6%.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Aircraft Turbofan Engine Market Research Report - Forecast to 2023".
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Key Players
The key players of global aircraft turbofan engine market :
- GE Aviation
- Pratt & Whitney
- Safran Aircraft Engines
- CFM International
- International Aero Engines AG
- Rolls Royce
- MTU Aero Engines
- Honeywell International
- Engine Alliance
- EuroJet
- Aviadvigatel
Narrowbody aircraft held the major share within the Global Aircraft Turbofan Engine Market in 2016
Over the years, Airbus and Boeing have accrued several thousand backlogs of fuel efficient aircraft, which would simultaneously translate into several subsequent years of the production of turbofan engines. Moreover, the increasing government regulations for reducing carbon emissions would act as another major driver for the Aircraft Turbofan Engine Market.
On the basis of aircraft type, the market has been segmented on the basis of narrowbody, widebody, and other aircraft. The narrowbody aircraft are expected to dominate the global aircraft turbofan engine market, during the forecast period.
The Americas region dominated the Aircraft Turbofan Engine Market in 2016
The Americas region is expected to dominate the global aircraft turbofan engine market mainly due to presence of major market players in the North American region. However, due to the growing demand of fuel efficient aircraft in emerging economies such as India and China will result in the APAC region registering a high growth rate during the forecast period.
However, certain factors such as the high costs of development for the engines coupled with the rigorous certification processes are expected to act as restraints for the market growth.
Scope of Report
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global aircraft turbofan engine market, including the high-growth regions, countries and their political, economic, and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Intended Audience
- Aircraft Manufacturers
- Engine manufacturers
- Government as well as Independent Regulatory Authorities
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Major TOC :
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure
2.5 Key Takeaways Of The Market
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers
4.1.1 Development Of Next-Generation Engines
4.1.2 Rapid Fleet Expansion
4.1.3 Increasing Demand For Fuel Efficient And Light Weight Engines
4.2 Challenges
4.2.1 Impact On The Environment
4.2.2 High Manufacturing Costs
4.3 Opportunities
4.3.1 Increasing Use Of Biofuels
4.4 Trends
4.4.1 Continued Usage Of Advanced Materials In Engines
4.4.2 Evolution Of 3D Printing
Continues....
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Study Objectives of Global Aircraft Turbofan Engine Market
- To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global aircraft turbofan engine market
- To provide insights about factors affecting the market growth
- To analyze the global aircraft turbofan engine market based on various tools such as Supply Chain Analysis, and Porter's Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by material type, application and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Aircraft Turbofan Engines market
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Aircraft Turbofan Engine Market to Cross USD 42,000 Mn by 2023: Global Industry Size, Share, Trends, Segments and Geographic Overview by Leading Players