Aircraft Engines Market Poised to Grow at a CAGR of 5.6% by 2024
Infinium Global Research has added a new report on Aircraft
Engines Market. The report presents analysis of global as well as
regional markets of aircraft engines market over the period of 2016 to 2024.
An aircraft engine is a component of the propulsion system that
generates mechanical power. Aircraft engines produce emissions that are similar
to other emissions resulting from fossil fuel combustion. A variety of aircraft
engines is available for different end-use applications including passenger,
cargo, military and aerospace applications.
Increasing number of aircraft passengers has led to Increase
demand of Aircrafts and Increasing Demand for Fuel-Efficient Engines, which in
turn is driving the growth the growth of the aircraft engines market.
Additionally, Increase in demand for fuel-efficient engines and aircraft
engines are projected to gain high importance in the military sector disputing
drug trafficking and terrorism. This in turn is anticipated to fuel the growth
of the aircraft engines market. However, factors such as high maintenance and
manufacturing cost followed by lack of production facilities are likely to
restrain the growth of the market during the forecast period.
Furthermore, aircraft aircraft with better fuel injection
systems and low noise emissions because of long lasting technological developments
in the field of engine design is projected to create several growth
opportunities for the key players in the aircraft engines. On the other hand,
Increase in Demand for Lightweight Aircraft Engines and continuous rising
demand for said end-user applications, the aircraft market is anticipated to
grow in proportion to the demand for aircraft. Moreover, to fulfill the demands
the aircraft manufacturers are engaged to design and develop more sophisticated
and efficient engines over the years to come.
Among the geographies, North America dominated the global
aircraft engines market. However, japan is projected to be on the slower side
of international aircraft engine market. Moreover, Asia Pacific is anticipated
to drive on the buildout of inter-regional trade in India and China.
Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global aircraft engines market but also make strategic decisions to capture the
most lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the
global aircraft engines market over the last couple of years, while emerging
markets of Asia-Pacific and Latin America are anticipated to contribute
significantly to the growth in the aircraft engines market worldwide.
The report segments the global aircraft engines market on the
basis of Engine Type, Platform and Application.
Global Aircraft Engines Market by Engine Type
Global Aircraft Engines Market by Platform
Global Aircraft Engines Market by Application
Companies Profiled in the Report
MTU Aero Engines AG
Engine Alliance LLC
Honeywell International Inc.
International Aero Engines AG
United Technologies Corporation
Rolls-Royce Holdings PLC.
CFM International SA
General Electric Co.
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