Global Aircraft Micro Turbine Engines Market 2024-2028
The aircraft micro turbine engines market is forecasted to grow by USD 1222 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the aircraft micro turbine engines market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advancements in engine technologies, rise in procurement rate of new-generation aircraft, and increasing preference for aircraft and engine leasing activities.
Technavio's aircraft micro turbine engines market is segmented as below:
By Platform
- General aviation
- Commercial aviation
- Military aviation
- Advanced air mobility
By End-user
- Propulsion
- Auxiliary power
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the adoption of 3d printing systems for engine components as one of the prime reasons driving the aircraft micro turbine engines market growth during the next few years. Also, usage of ceramic matrix composites and advancements in hybrid-electric jet engine technologies will lead to sizable demand in the market.
The report on the aircraft micro turbine engines market covers the following areas:
- Aircraft micro turbine engines market sizing
- Aircraft micro turbine engines market forecast
- Aircraft micro turbine engines market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aircraft micro turbine engines market vendors that include AeroDesignWorks GmbH, AMT Netherlands B.V., Bowman Power Group Ltd., Ebara Corp., General Electric Co., Hawk Turbine AB, Honeywell International Inc., Ingenieurburo CAT M.Zipperer GmbH, Jets Munt S.L., Kratos Defense and Security Solutions Inc., MTT bv, PBS Group AS, RTX Corp., Rolls Royce Holdings Plc, Safran SA, Stuttgart Engineering Propulsion Technologies UG, The Williams Co. Inc, and TURBOTECH SAS. Also, the aircraft micro turbine engines market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.