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Aircraft Engines Market | Worth $92.38 Billion by 2022

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GLOBAL AIRCRAFT ENGINES MARKET was valued at USD 68.20 Billion in the year 2019. Global Aircraft Engines market is further estimated to grow at a CAGR of 5.09% from 2019 to reach USD 91.9 Billion by the year 2025. North America region holds the highest market share in 2019 and Europe market is considered as the fastest growing market in the forecasted period. At a country level, the U.S. is projected to grow at a strongly in the coming years.

Honeywell International Inc. (U.S.), The Boeing Company (U.S.), Hindustan Aeronautics Limited (HAL) (India), General Electric Co. (U.S.), Rolls-Royce plc. (U.K.), Extron Inc. (U.S.), GE Aviation (U.S.), MTU Aero Engines AG (Germany), Safran SA (France), United Technologies Corporation?Pratt & Whitney Division (U.S.), are some of the top players in the Global Aircraft Engines market. Rising research and development expenses to cater changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
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Drivers:

Increase in production of aircraft due to development in the tourism sector

Restraints:

Balancing production and demand capacity

Opportunities:

Rising demand in private jet

Challenges:

Changing government norms and regulations

The major shares of the market come from turbofan engine segment in Global Aircraft Engines Market. On the other hand, Commercial Aviation, by application for this market is expected to grow at highest CAGR during the year 2019-2025.

Key Benefits for Stakeholders

Aircraft Engines Manufacturers, Distributors and Retailers

Research and Consulting Organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Platform

Rotary Wing

Fixed Wing

By Type

Turboshaft

Turboprop

Turbofan

Piston Engine

By Application

General Aviation

Commercial Aviation

Military Aviation

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Honeywell International Inc.

Boeing

Hindustan Aeronautics Limited (HAL)

General Electric Co.

Rolls-Royce plc

Extron Inc.

GE Aviation

MTU Aero Engines AG

Safran SA`

United Technologies Corporation?Pratt & Whitney Division

(A brief overview of 13 companies is also provided.)

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Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

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