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Aircraft Engines Market by Type, Application, Platform, and Region - Global Forecast to 2022

Aircraft Engines Market: Global Forecast until 2022

  • June 2017
  • 151 pages
  • ID: 4941016
In this report:
The number of narrow body aircraft deliveries from 2016 to 2035 is expected to be ##,##, of which Asia is expected to account for almost ##.##% of the total expected deliveries by 2035.
The market in Japan is expected to grow at the highest CAGR of ##.##% during the forecast period owing to the rapid growth of the aviation industry, increasing air passenger traffic, and strong economic growth.

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"Growing number of aircraft deliveries is one of the main factors projected to drive the aircraft engines market."

The aircraft engines market is forecasted to grow from an estimated ~$68.1B in 2017 to ~$92.4B by 2022, at a compound annual growth rate of ~5.2 percent during the forecast period. The aircraft engines market is mainly influenced by the growth in aircraft orders and fuel efficiency of new aircraft engines. Nevertheless, existing backlogs in aircraft deliveries are selecting the increase of the aircraft engines market.

"The turbofan segment is planned to be the biggest application segment of the market in 2017."

The aircraft engines market has been divided on the basis of engine type into turboprop, turbofan, turboshaft, and piston engine. Among these, the turbofan segment is projected to be the most important in 2017. Most of the new airlines are installing new, fuel-efficient and lightweight turbofan engines. Therefore, the turbofan segment is intended to be biggest application segment of the aircraft engines market.

"The commercial segment is forecasted to be the most important application segment of the market in 2017."

Established on application, the commercial segment is expected to account for the biggest share of the aircraft engines market in 2017. The growing number of commercial aircraft deliveries is estimated to drive the aircraft engines market.

"Asia-Pac region is planned to be the quickest-increasing aircraft engines market during the outlook period."

APAC is intended to be the quickest-rising aircraft engines market during the forecast period Countries considered in this zone are China (CN), India (IN), Russian Federation, and Japan (JP), among others. The aviation sector in the Asia-Pac region has witnessed considerable rise over the past few years, owing to an growth in the aircraft manufacturing in this area by countries including China (CN) and Japan (JP). Therefore, the Asia Pacific (APAC) area is forecasted to be the quickest developing market for aircraft engines due to the increase of the region's aviation industry, which is supported by the growing air passenger traffic.

Distribution of profile of primary members taking part in the aircraft engines market:

• By Company category: Tier 1 - 35.0 percent, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-level - 25.0 percent, Others - 40.0 percent

• By Area: North America (NA) - 45.0 percent, EU - 20.0 percent, Asia-Pac - 30.0 percent, RoW - 5.0 percent

Main firms decribed in the study contain General Electric Aviation, United Technologies Corporation (NYSE:UTX), Safran SA, and Rolls Royce Holdings PLC, among others.

Segment Research

This market report classifies the aircraft engines market established on engine type (turboprop, turbofan, turboshaft, and piston), application (commercial, military, and general aviation), and platform (fixed wing and rotary wing); and maps these segments and sub-segments across main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Why acquiring this study can help you:

From an insight prospect, this market research highlights on different levels of analyses - industry study, market share research of top players, company descriptions, coming out and high-growth segments of the market, high-growth areas, and sector drivers, market restraints, alternatives, and opportunities.

This study furnishes highlights on the following points:

• business entry: Exhaustive information about aircraft engines provided by the top actors in the sector

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the aircraft engines market

• Market Development: Highlighted information about lucrative industries - the market research examines the industries for aircraft engines across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the aircraft engines market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the aircraft engines market

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