Pune, India -- (SBWIRE) -- 09/12/2018 -- Commercial Aircraft Gas Turbine Engine Market – Overview

The Global Commercial Aircraft Gas Turbine Engine Market is expected to grow at a CAGR of around 6% during 2016-2021. The key factors driving the growth are improved fuel efficient gas turbine engines, growth in aircraft fleet and new models, and growth in PMA.

As per the MRFR analysis, factors restraining the market growth are custom duties and taxes, carbon emission, and issues related to spare part pricing.

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The following are the types of commercial aircraft gas turbine engines:

Turbojet:

In turbojet engines, the air passes from the front of the engine and enters the combustion chamber. The fuel inlet and igniter is located in this section. The turbine is then driven by the exhaust air, which finally exhausts at a high speed from the rear of the engine This produces the reaction that pushes the aircraft forward. Turbojet is the simplest form of all aircraft turbine engines and consists of four sections:

- Compressor
- Combustion Chamber
- Turbine Section
- Exhaust

Turboprop:

Turboprop are mainly useful for lower speed applications. In this type of engine, the energy exhaust is used to drive the propeller, after reducing the air speed through a gearbox. Turboprop engines provide a greater fuel efficiency and performance, at slower airspeeds. Thus, it is mainly used for small transport aircraft. However, the propellers are less efficient as the aircraft speed increases. The same type of engine used to power the rotor in a helicopter (instead of a propeller) is called a turbo shaft engine.

Turbofan:

In turbofan engine, a part of the air is exhausted without passing it through the core, which produces additional thrust. These engines are also called 'bypass jets' and are more efficient than turboprops. Turbofans are the modern version of an aircraft turbine engine and are found on high-speed transport and fighter aircrafts.

Key Players

Some of the key players in the Global Commercial Aircraft Gas Turbine Engine Market are CFM International, General Electric, Pratt & Whitney Division, Rolls-Royce, Avio Aero, Engine Alliance, International Aero Engines, MTU Aero Engines, NPO Saturn, Power Jet, Snecma, and Williams International

Target Audience

- Commercial Aircraft Engine OEMs
- Aftermarket Suppliers
- Component Suppliers
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager

Industry/ Innovation/ Related News:

16 JUL 2018 : Rolls Royce is planning to launch a flying taxi that will feature aircraft gas turbine engine.

13 JUL 2018 : Turkish Airlines has received the delivery of first Airbus A321neo aircraft from Pratt & Whitney, a division of United Technologies Corporation. The aircraft, powered by Pratt & Whitney Geared Turbofan™ (GTF) engines, is the first of the air carrier's order of 92 firm GTF-powered A321neo aircraft.

January, 2018: Chine was in talks for sale of jet engine technology to Germany, moreover China was also manufacturing its own C919 passenger jet.

September, 2017: British jet engine-maker Rolls-Royce collaboration with the Defence Research and Development Organisation (DRDO), developing gas turbine technology in India. It was also planning to launch the Trent 700 jet engines to Indian Market.

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Commercial Aircraft Gas Turbine Engine Market –Segmentation

The global commercial aircraft gas turbine engine market is segmented in to 2 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Engine Type : Turbojet, Turbofan, and Turboprop.

Segmentation by Fit : Line Fit and Retro Fit

Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Commercial Aircraft Gas Turbine Engine Market: Regional Analysis

The high cost of material is the major factor curbing the growth of commercial aircraft gas turbine market. The industrial aircraft turbine engine market is extremely competitive thanks to the presence of an oversized range of vendors. Factors like the engine's price, reliableness, and quality area unit a number of the key factors the vendors sometimes view on. To enhance their market positions, the vendors area unit more and more specializing in giving cost-effective and superior quality engines with new generation technologies.

Though the key regions of commercial gas turbine engine market are North America, Europe, APAC, Latin America, and MEA. APAC is the fastest growing region in aircraft market, the growth is due the increase in manufacturing of commercial aircraft in countries like China and Japan.

Deregulation has altered the structure of the broader aviation business, this can be not the case within the industrial craft turbine engine market. The business remains heavily focused on 3 main firms - GE Aviation, Pratt & Whitney and Rolls Royce, including many venture partnerships that manage specific engine programmes. High barriers to entry, the importance placed on establishing a reputation for quality, and appreciable sums earned from after sales services mean that this market structure for new jet engines is unlikely to vary.

Scope Of Report

The market report for Global Commercial Aircraft Gas Turbine Engine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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