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Global Commercial Aviation Turbofan Engines Market - 2017 - Market Dynamics, Competitive Landscape, Strategies & Plans for Top 4 Turbofan Engine Manufacturers, Trends & Growth Opportunities, Market Outlook through 2030

Global Commercial Aviation Turbofan Engines Market - 2017 - Market Dynamics, Competitive Landscape, Strategies & Plans for Top 4 Turbofan Engine Manufacturers, Trends & Growth Opportunities, Market Outlook through 2030

  • January 2017
  • 155 pages
  • ID: 4616926
  • Format: PDF
  • Noealt Corporate Services

Summary

Table of Contents

The Jet Age 2.0, propelled by radical technological innovations, has been marked by the entry into service of latest, high bypass ratio turbofan engines on commercial aircrafts culminating decades of research on material sciences innovations, propulsion technologies and concepts by the industry into in-service engines. The commercial aviation turbofan engines market has witnessed a surge in the development of new engines by the industry over the recent years after a long hiatus spanning across decades with the latest engines promising optimized operating economics, enhanced performance and reduced noise & emission levels. The narrow body aircraft segment in 2016 witnessed the entry into service of two all-new engines for the first time in almost 30 years with commercial aviation in the middle of its second golden age marked by record & burgeoning order backlogs for new aircraft programs across most industry OEMs, rapid growth in passenger traffic and growing airlines profitability aided by a favorable oil price environment.

The global commercial aviation turbofan engines market, dominated traditionally by CFM International in the narrowbody aircraft segment and by GE & Rolls Royce in the widebody aircraft segment, faces disruption with Pratt & Whitney making a comeback to the commercial aviation segment with its Geared Turbofan engine technology powered PW1000G engine family backed by over 3 decades of research and over $10 billion in investments. Pratt & Whitney has in-fact been able to make some inroads into the market having established its presence on the A320neo as an engine option and having captured a number of key regional jet programs, led by the Bombardier’s C-Series, Mitsubishi’s MRJ and Embraer’s E2 Jets. CFM’s renewal of its core engine portfolio in nearly 4 decades with the roll out of LEAP engine family, to take on Pratt & Whitney on its comeback trail, has further intensified the competition in the narrow body aircraft segment. The battle for supremacy amongst Pratt & Whitney’s GTF and CFM’s LEAP in the narrow body aircraft segment; which accounts for over half of total global turbofan engine deliveries in unit terms; is likely to be fought fiercely and will be the key to shaping emerging market dynamics over medium term with both competing engine families having successfully entered service in 2016.

The wide body aircraft market, on the contrary, is moving towards regional polarization with GE gaining exclusive powerplant status on the Boeing 777X program and Airbus doing the same over the A330neo & A350XWB aircraft programs with Rolls Royce’s Trent 7000 & Trent XWB engines respectively. The wide body aircraft market, too, is poised for disruption over medium term with Boeing actively planning & exploring the market for the introduction of a new middle of the market aircraft program, Rolls Royce developing its next generation of wide body aircraft engines based on geared turbofan engine technology and Pratt & Whitney planning a foray into the wide body aircraft segment over medium term with a bigger GTF engine core.

The long term view of the market remains highly optimistic with demand projections indicating towards robust demand growth for new commercial aircrafts through the mid-2030s though some pressures on order intake over near term might appear for the OEMs in 2017 as the industry focuses on delivering on the burgeoning backlog. The near to medium term outlook for engine manufacturers, however, is bright & shiny, spearheaded by the commercial aviation sector, which is poised for steady growth through the mid-2030s with demand growth projections indicating towards robust demand growth for new commercial aircrafts through 2035 led by the Asia-Pacific region. All leading Engine Manufacturers are clearly focusing on streamlining & preparing their industrial base for the rapid production ramp up required for meeting tight delivery schedules with significant capital expenditure underway towards infrastructure & facilities. Additionally, the industry players have also been focusing on expanding their existing engine portfolio with the introduction of new engine models & variants for specific segments & applications. R&D activity, too, continues unabated across players for further optimization, refinement & fine-tuning of their existing engine programs & propulsion technologies as they vie for a larger market share by strengthening presence across specific market segments with portfolio expansion & updates or by making a foray into entirely new, untapped market segments.

Against this backdrop, the report analyzes & provides comprehensive insights into the Global Commercial Aviation Turbofan Engines Market with focus on a blend of quantitative & qualitative analysis. The part 1 of the report takes a look at the current Market Size, Dynamics & Competitive Landscape for Commercial Aviation Turbofan Engines. Part 2 provides detailed analysis on Engine Manufacturers, including, Comprehensive Analysis of Key Strategies & Plans, product portfolio & financial analysis and SWOT analysis. Part 3 projects market evolution for commercial aviation turbofan engines over medium term with analysis of emerging market scenario, demand growth projections through 2030, key market & technology trends, issues & challenges, potential growth opportunities and demand outlook for commercial aircrafts over the next two decades.

Relevance & Usefulness: The report will be useful for

-- Strategic Planning, Assessment & Decision-Making Processes

-- Market Dynamics: Market size & Market Shares for Engine Manufacturers – Leading Market Players & Analysis of their Overarching Strategies

-- Comparative & Competitive Market Positioning of Engine Manufacturers with respect to Presence on Aircraft Programs – Analysis & Insights

-- Strategic Focus, Growth Strategies and Plans for Engine Manufacturers - Analysis & Insights

-- Identification of & Insights into Potential Growth Opportunities & Avenues – Segments & Regions

-- Analysis of Emerging Market & Technology Trends likely to Shape Future

-- Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment

-- Demand Forecasts & Analysis of Growth Trajectory for Commercial Aircrafts through 2035

For Whom: Business Leaders & Key Decision-Makers across Industry Value Chain

The report will be essential for Key Decision-Makers & Senior Industry Executives. The report will be especially useful for Program Managers, Procurement Managers, Airlines, Top Management of Industry Players & Other Companies, Industry OEMs, Suppliers, Vendors, MRO Services Providers, Technology & Other Services Solutions Providers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the industry or any of these companies.

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