The Global Aircraft Engines Market Report by The Business Research Company covers aircraft engines market drivers and restraints, aircraft engines market size, major players, and the impact of COVID-19 on the aircraft engines market.
The aircraft engines market consists of sales of aircraft engines and related services by entities (organizations, sole traders or partnerships) that produce aircraft engines. An aircraft engine is a component of propulsion system that generates mechanical power to run the aircraft. Only goods and services traded between entities or sold to end consumers are included.
The growing air passenger traffic is expected to propel the growth of the aircraft engine market over coming years. The global aircraft engines market is expected to grow from $59.65 billion in 2020 to $67.21 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $91.28 billion in 2025 at a CAGR of 8%.
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Some aircraft engines market trends include the integration of 3D printed parts in aircraft engines. Companies are increasingly using 3D printing technology in aircraft engines as 3D printing-based production for aviation to reduce fuel usage and material costs. In January 2020, GE Aviation has revealed that the first aircraft of its 777X jet, operated by twin GE9X engines, was finished by the American multinational aerospace giant Boeing.
Global aircraft engines market segments include:
1) By Type: Turboprop, Turboshaft, Turbofan, Piston Engine.
2) By Technology: Conventional Engine, Electric/Hybrid.
3) By Platform: Fixed Wing, Rotary Wing.
4) By Application: General Aviation, Business Aviation, Recreational Aviation, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Aircraft Engines Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides aircraft engines market overviews, analyzes and forecasts market size, share, aircraft engines market players, aircraft engines market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The aircraft engines identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Aircraft Engines Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines, MTU Aero Engines, Textron.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Aircraft Engines Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Aircraft Engines Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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