Commercial Aircraft Gas Turbine Engine Market: Key Drivers and Segmentation
The Global Commercial Aircraft Gas Turbine Engine Market is projected to grow by $ 43.01 bn, decelerating at a CAGR of almost 19.63% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
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Commercial Aircraft Gas Turbine Engine Market: What are the factors that will drive market growth:
Technavio has identified Advancements in engine technologies as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Commercial Aircraft Gas Turbine Engine Market: Segments and Geographical Regions
This report provides a detailed analysis of the market by Technology (Turbofan and Turboprop), Type (Narrow-body aircraft, Widebody aircraft, and Regional aircraft), and Geography (Europe, North America, APAC, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report
Commercial Aircraft Gas Turbine Engine Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, UEC-Aviadvigatel Joint Stock Co., UEC-Saturn, and Williams International Co. LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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Commercial Aircraft Gas Turbine Engine Market Size to Grow by $ 15.84 bn through 2020-2024
The commercial aircraft gas turbine engine market is expected to grow by $ 15.84 bn, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Commercial Aircraft Gas Turbine Engine Market: Segmentation by Technology
This report provides a detailed analysis of the market by Technology (Turbofan and Turboprop), Geography (APAC, Europe, North America, MEA, and South America), and Type (Narrow-body aircraft, Widebody aircraft, and Regional aircraft). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Commercial Aircraft Gas Turbine Engine Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, UEC-Aviadvigatel Joint Stock Co., UEC-Saturn, and Williams International Co. LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The Global Commercial Aircraft Gas Turbine Engine Market is expected to grow by USD 15.84 billion accelerating at a CAGR of almost 6% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis
Commercial Aircraft Gas Turbine Engine Market: Segmentation by Technology
During 2019, the turbofan segment dominated the global Commercial Aircraft Gas Turbine Engine Market in 2019. The turbofan is the most widely adopted gas turbine engine technology integrated into commercial airliners. The turbofan market was recently plagued with performance-related issues on new-generation engines. These issues are being addressed by the OEMs on top-priority, and the OEMs are putting in extra checks and bearing the replacement cost themselves to fulfill their commitment to customers. However, these issues are expected to be a temporary setback and the market will recover during the forecast period based on the high volume of orders and stellar performance delivery of gas turbine engines. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft gas turbine engine market size.
Several aircraft OEMs and engine manufacturers are engaging in extensive integration efforts to enhance performance and extend the range of aircraft. For instance, Pratt & Whitney, a leading aircraft engine manufacturer, markets a high-bypass GTF called PW1000G as a powerplant option to aircraft such as Embraer’s second-generation E-Jets and MRJs. The latter incorporates an improved gearbox that empowers the fans to rotate at a slower speed than the blades of the driving internal turbine, leading to increased efficiency. These developments will generate a huge surge in the commercial aircraft gas turbine engine market growth during the forecast period.
Commercial Aircraft Gas Turbine Engine Market: Vendor Analysis
The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, UEC-Aviadvigatel Joint Stock Co., UEC-Saturn, and Williams International Co. LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
