A recent report published by Infinium Global Research on
aircraft engines market provides in-depth analysis of segments and sub-segments
in global as well as regional aircraft engines market. The study also
highlights the impact of drivers, restraints and macro indicators on the global
and regional aircraft engines market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of global aircraft engines market. According to the report, the global
aircraft engines market is projected to grow at a CAGR of 5.6% over the
forecast period of 2018-2024.
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.
An increasing number of aircraft
passengers has led to Increase demand for aircraft and increasing demand for fuel-efficient engines, which in turn is driving 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 are projected
to create several growth opportunities for the key players in the aircraft
engines. On the other hand, an increase in demand for lightweight aircraft engines
and continuous rising demand for said end-user applications, the aircraft the 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.
The report on global aircraft engines market covers segments
such as engine type, platform, and application. On the basis of engine type, the global aircraft engines market is
categorized into the turbofan engine, turboprop engine, turboshaft engine, and
turbojet. On the basis of platform the global aircraft engines market is
categorized into fixed wing and rotary wing. On the basis of application the
global aircraft engines market is categorized into commercial aviation and
military aviation.
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global
aircraft engines market such as MTU Aero Engines AG, Textron, Inc., Engine
Alliance LLC, Honeywell International Inc., Safran SA, International Aero
Engines AG, United Technologies Corporation, Rolls-Royce Holdings PLC., CFM
International SA and General Electric Co.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global aircraft
engines market. Moreover, IGR-Growth Matrix analysis given in the report brings
an insight into the investment areas that existing or new market players can
consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of aircraft engines
market. Moreover, the study highlights current market trends and provides
forecast from 2018-2024. We also have highlighted future trends in the aircraft
engines market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight on the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the aircraft engines market to
understand the present and future trends in this market and formulate their
strategies accordingly.
Please Choose One of them.