Aircraft Engines Market size was valued at US$ 90.22 Bn in 2022 and expected to reach US$ 137.47 Bn by 2029, at a CAGR of 6.2% though out the forecast period.
Aircraft Engines Market Overview
Maximize Market Research has published a comprehensive report on the global Aircraft Engines Market, which includes information on manufacturers, dynamics, regions, segments, and forecasts to 2029. The report provides a comprehensive analysis of the ever-changing patterns in the industry and all the major factors that are shaping the market.
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Aircraft Engines Market Report Scope and Research Methodology
The global Aircraft Engines market report published by Maximize Market Research is a comprehensive analysis of the market, based on both primary and secondary research. The qualitative and quantitative data in the report is expected to help decision-makers identify the market segments and variables that are driving growth.
The bottom-up approach was used to estimate the global Aircraft Engines market size. SWOT analysis provides insights into the strengths, weaknesses, opportunities, and threats of the key players in the Aircraft Engines industry. The report also includes a PESTLE analysis, which can help investors develop strategies for the Aircraft Engines industry. Political factors can help investors understand how much a government is expected to influence the Aircraft Engines market during the forecast period. Economic factors can help investors analyze the economic performance drivers that have an impact on the Aircraft Engines market. Legal factors can help investors understand the impact of the surrounding environment and the influence of environmental concerns on the Aircraft Engines market.
Aircraft Engines Market Segmentation
by Technology
Conventional
Hybrid
In terms of technology, the Conventional sector held a 64% market share in 2022. Aero engines are another name for conventional aeroplanes. The most crucial part of an aircraft propulsion system’s power supply is this. The demand for the category is being driven by the increased use of conventional engines in modern commercial and military aircraft. The best performance is provided by combustion engines with conventional powertrains due to their straightforward design, well-established and authorised technology, and superior performance in terms of mission range.
by Type
Turboprop
Turbofan
Turboshaft
Piston Engine
By Type, the Turbofan held a 43% market share in 2022. A turbofan engine, which is sometimes referred to as a fan jet or a bypass engine, is a type of jet engine that generates thrust using both the jet core outflow and the bypass air. The nozzle core’s driving force has accelerated the jacket fan. In comparison to other engines, turbofan engines perform far better at higher altitudes and produce significantly less noise. The market expansion of the sector is being driven by these factors.
by Platform
Unmanned Ariel
Fixed Wing
Rotary Wing
Using Platform, In 2022, the fixed-wing sector held a 42% share of the market, dominating it. A propeller or jet engine powers the wings, which are immobile. Long-distance flights require a specific quantity of fuel, hence these aircraft are utilised more frequently. These elements are fueling the segment’s market expansion.
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Aircraft Engines Market Key Players
1. General Electric Company
2. Rolls-Royce Motor Cars Limited
3. Honeywell International Inc.
4. Snecma S.A
5. Hindustan Aeronautics Limited
6. JSC “Klimov”-United Engine Corporation
7. Safran
8. Boeing.
9. General Aviation
10. Rolls-Royce Holdings PLC
11. CFM International SA
12. GE Aviation
13. Internatinal Aero Engines AG
14. MTU Aero Engines AG
15. Textron Inc.
16. Pratt & Whitney Division Snecma S.A
17. Raytheon Technologies Corporation
18. Engine Alliance LLC
19. Extron Inc.
Aircraft Engines Market Regional Insights
The Aircraft Engines market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Aircraft Engines Market Report are:
- What is Aircraft Engines ?
- What is the expected CAGR of the Aircraft Engines market during the forecast period?
- What is the expected Aircraft Engines market size by the end of the forecast period?
- What are the Aircraft Engines market segments?
- Which segment in the Aircraft Engines market is expected to grow rapidly during the forecast period?
- Which factors are majorly driving the Aircraft Engines market growth?
- Which factors are restraining the Aircraft Engines market growth?
- Which are the prominent players in the Aircraft Engines market?
- Which region dominated the global Aircraft Engines market in 2022?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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