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Aircraft Engine Market Trends – Rising demand for next-generation engines

VANCOUVER, BRITISH COLUMBIA, CANADA, May 18, 2023 /EINPresswire.com/ -- The Latest research study released by Emergen Research on "Aircraft Engine Market" with 150+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that leads the market growth.

The global aircraft engine market size reached USD 56.39 Billion in 2020 and is expected to register a revenue CAGR of 8.7%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving global aircraft engine market revenue growth include increasing commercial aircraft operations and rising demand for aircraft engines for Unmanned Aerial Vehicles (UAVs). Demand for cleaner or greener next-generation engines and light weight aircraft, which can boost fuel economy, are other factors driving revenue growth of the market. Companies are investing in R&D to develop engine models using cutting-edge technologies and composites, as well as Additive Manufacturing (AM) – also known as 3D printing.

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Major factors driving global aircraft engine market revenue growth include increasing commercial aircraft operations and rising demand for aircraft engines for Unmanned Aerial Vehicles (UAVs). Demand for cleaner or greener next-generation engines and light weight aircraft, which can boost fuel economy, are other factors driving revenue growth of the market. Companies are investing in R&D to develop engine models using cutting-edge technologies and composites, as well as Additive Manufacturing (AM) – also known as 3D printing. Aircraft Engine Market By Type (Turbofan, Turboprop, Piston Engine, Turboshaft), By Platform (Unmanned Aerial Vehicles, Fixed Wing Aircraft, Rotary Wing Aircraft), By Component (Turbine, Compressor, Gearbox, and Others), By Technology, By End-Use, and By Region Forecast to 2028

Key Players Included in this report are:

General Electric Company (GE Aviation), Honeywell International Inc., Rolls-Royce Holdings PLC, Safran SA, MTU Aero Engines AG, IAE International Aero Engines AG, Textron Inc., CFM International S.A., United Technologies Corporation, Raytheon Technologies Corporation

What can be explored with the Aircraft Engine Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Aircraft Engine Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Aircraft Engine Market

Understand the Competitive Scenarios

Track Right Markets

Identify the Right Verticals

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Market Segmentation Analysis

Players can concentrate on high-growth regions and, if necessary, modify their business plan according to the research report. The Aircraft Engine Market is divided into a variety of categories, uses, and geographical areas. Players gain from the report's regional segmentation research since it offers pertinent data and insights into important geographic marketplaces.

Type Outlook (Revenue, USD Billion; 2018–2028)
Turbofan
Turboprop
Piston Engine
Turboshaft
Platform Outlook (Revenue, USD Billion; 2018–2028)
Unmanned Aerial Vehicles
Fixed Wing Aircraft
Rotary Wing Aircraft
COVID-19 Impact Analysis

The post-COVID-19 phase has undergone substantial change, and Aircraft Engine Market research highlights the opportunities and difficulties that still exist. This study report thoroughly examines the effects of the COVID-19 pandemic on the global economy and post-pandemic market behaviour.

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Some Key Highlights from the Report

Turboshaft segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as a result of increasing demand for commercial helicopter fleets.
Gearbox segment is expected to register significant growth in terms of revenue during the forecast period due to increased expenditure in gearbox-related R&D activities.
North America is expected to account for a relatively larger revenue share than other regional markets over the forecast period. Rising defense expenditure on military planes, jet fighters, and single-engine aircraft is a key factor driving growth of the market in this region.
Regional Outlook

We carefully examined each division, regional classification, national study, and subject-specific data set during the market research. This Aircraft Engine Market research report's goal is to look at growth patterns, promising futures, important obstacles, and expected results. Information on significant market participants, strategic alliances, plans, new product launches, and joint ventures are all included in the research.

Key Reasons to Purchase Aircraft Engine Market Report

The reader will be in a position to comprehend and react to marketing strategies like using strengths and conducting a SWOT analysis.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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