Aircraft Engines Market worth 92.38 Billion USD by 2022
Aircraft Engines Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Application (Military Aviation, Commercial Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2022
(EMAILWIRE.COM, July 18, 2017 ) The report "Aircraft Engines Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Application (Military Aviation, Commercial Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2022", The aircraft engines market is projected to grow from an estimated USD 68.05 Billion in 2017 to USD 92.38 Billion by 2022, at a CAGR of 5.23% during the forecast period. Factors such as increase in aircraft deliveries and rising demand for fuel-efficient aircraft engines are expected to drive the aircraft engines market.
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Browse 95 market data tables and 41 figures spread through 149 pages and in-depth TOC on "Aircraft Engines Market"
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Turbofan type segment projected to witness the highest growth during the forecast period
By type, the turbofan segment of the aircraft engines market is projected to witness the highest growth during the forecast period. This growth is attributed to the recent increase in demand for turbofan engines by airlines around the world because of the fuel efficiency and reliability of these engines.
Commercial application segment projected to witness the highest growth during the forecast period
By application, the commercial segment of the aircraft engines market is projected to witness the highest growth during the forecast period. This growth is driven by the increase in the number of aircraft deliveries by major commercial aircraft manufacturers such as Airbus Group (France) and The Boeing Company (U.S.).
Military segment projected to witness the highest growth during the forecast period
The military application segment is projected to grow at the highest CAGR during the forecast period. The shorter replacement period of aircraft engines in military aircraft in comparison to commercial aircraft is expected to drive this segment in comparison to the other application segments in the aircraft engines market.
Asia-Pacific is projected to witness highest growth during the forecast period
The Asia-Pacific region is one of the fastest-growing markets for aircraft engines. This growth is attributed to the increase in manufacturing of commercial aircraft in countries such as China and Japan.
Major players in the aircraft engines market include General Aviation (U.S.), Pratt & Whitney (U.S.), Safran SA (France), and Rolls-Royce Holdings PLC (U.K.), among others.
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=14300744
Browse 95 market data tables and 41 figures spread through 149 pages and in-depth TOC on "Aircraft Engines Market"
http://www.marketsandmarkets.com/Market-Reports/aircraft-engine-market-14300744.html
Early buyers will receive 10% customization on this report.
Turbofan type segment projected to witness the highest growth during the forecast period
By type, the turbofan segment of the aircraft engines market is projected to witness the highest growth during the forecast period. This growth is attributed to the recent increase in demand for turbofan engines by airlines around the world because of the fuel efficiency and reliability of these engines.
Commercial application segment projected to witness the highest growth during the forecast period
By application, the commercial segment of the aircraft engines market is projected to witness the highest growth during the forecast period. This growth is driven by the increase in the number of aircraft deliveries by major commercial aircraft manufacturers such as Airbus Group (France) and The Boeing Company (U.S.).
Military segment projected to witness the highest growth during the forecast period
The military application segment is projected to grow at the highest CAGR during the forecast period. The shorter replacement period of aircraft engines in military aircraft in comparison to commercial aircraft is expected to drive this segment in comparison to the other application segments in the aircraft engines market.
Asia-Pacific is projected to witness highest growth during the forecast period
The Asia-Pacific region is one of the fastest-growing markets for aircraft engines. This growth is attributed to the increase in manufacturing of commercial aircraft in countries such as China and Japan.
Major players in the aircraft engines market include General Aviation (U.S.), Pratt & Whitney (U.S.), Safran SA (France), and Rolls-Royce Holdings PLC (U.K.), among others.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=14300744
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr.Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results