Market Overview:
The global fanjet market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for civil and military aircraft across the globe. Additionally, the increase in air travel has led to an increase in demand for fanjets, which is further propelling the growth of this market. The high-pressure turbine segment is expected to dominate the global fanjet market during the forecast period owing to its superior performance and efficiency as compared to low-pressure turbines. The Asia Pacific region is projected to be fastest growing region duringthe forecast period owingto rising demand for civil and military aircrafts from countries such as China, India, and Japan.
Product Definition:
A fanjet engine is a type of jet engine that uses fans to compress the air before it is burned with fuel and ignited. Fanjets are used in a variety of applications, including military aircraft, commercial airliners, and private jets.
High-pressure Turbine:
High-pressure turbines (HPT) are used in gas turbine engines to increase the pressure ratio and power output. The main objective of using HPT is to reduce the operating costs by increasing the efficiency of a gas turbine engine.
The market for high-pressure turbines in jet engines is expected to witness significant growth over the forecast period owing to its ability to operate at higher efficiencies, which reduces fuel consumption and emission levels along with reducing maintenance costs due reduced lubricant usage.
Low-pressure Turbine:
A low-pressure turbine is a type of gas turbine in which the propelling force is provided by a comparatively small flow of fluid. The low pressure can be represented as lower than the ambient pressure or as a very low positive pressure. Low-pressure turbines are used to produce energy for applications such as space heating, domestic water supply, and process heatings among others.
Application Insights:
The civil aircraft application segment led the global fanjet market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing air traffic across major airports globally owing to rising disposable income, coupled with high-income levels in key markets such as China and India. This has resulted in an increased demand for commercial aircraft, which is further anticipated to propel industry growth over the coming years.
The military aircraft segment was valued at USD 1,818 million in 2017 owing to growing defense expenditure across various countries worldwide including Russia and China on account of security concerns resulting from conflicts within & outside borders of these countries. Moreover, ongoing research & development activities pertaining military aviation are also expected fuel industry expansion over the next eight years or so (2030).
Regional Analysis:
Asia Pacific dominated the global fanjet market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in 2016 owing to increasing demand from China, India, Japan, and South Korea. These countries are investing heavily in military aircraft production as well as civil aircraft manufacturing which will drive the regional market growth over the forecast period.
The Middle East & Africa is anticipated to witness significant growth over the next eight years owing to rising defense expenditure by various governments including Saudi Arabia and UAE.
North America also holds a considerable share of industry revenue due to high investments made by major players such as Pratt & Whitney Canada (PWC)and CFM International (Safran).
Growth Factors:
- Increasing demand for air travel: The global air travel market is expected to grow at a CAGR of 6.4% from 2016 to 2021. This will lead to an increase in the demand for aircraft, including fanjets.
- Proliferation of private jets: The number of private jets is increasing rapidly, especially in developed countries such as the US and Europe. This will lead to an increase in the demand for fanjets, as they are often used by private jet owners and operators.
- Rise in business travel: Business travel is growing rapidly due to globalization and the rise of e-commerce businesses. This will lead to an increase in the demand for air transportation, including fanjet aircrafts.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fanjet Market Research Report
By Type
High-pressure Turbine, Low-pressure Turbine
By Application
Civil Aircraft, Military Aircraft
By Companies
CFM International, Pratt & Whitney, General Electric, IAE, Soloviev, Motor Sich, Rolls-Royce, Honeywell Aerospace, Williams International, Klimov
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Fanjet Market Report Segments:
The global Fanjet market is segmented on the basis of:
Types
High-pressure Turbine, Low-pressure Turbine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil Aircraft, Military Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CFM International
- Pratt & Whitney
- General Electric
- IAE
- Soloviev
- Motor Sich
- Rolls-Royce
- Honeywell Aerospace
- Williams International
- Klimov
Highlights of The Fanjet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-pressure Turbine
- Low-pressure Turbine
- By Application:
- Civil Aircraft
- Military Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fanjet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fanjet is a German aircraft manufacturer. It was founded in 1957 by Heinz-Dieter Förster and his son, Jörg Förster. The company produces both civil and military aircraft.
Some of the major companies in the fanjet market are CFM International, Pratt & Whitney, General Electric, IAE, Soloviev, Motor Sich, Rolls-Royce, Honeywell Aerospace, Williams International, Klimov.
The fanjet market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fanjet Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fanjet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fanjet Market - Supply Chain
4.5. Global Fanjet Market Forecast
4.5.1. Fanjet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fanjet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fanjet Market Absolute $ Opportunity
5. Global Fanjet Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fanjet Market Size and Volume Forecast by Type
5.3.1. High-pressure Turbine
5.3.2. Low-pressure Turbine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fanjet Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fanjet Market Size and Volume Forecast by Application
6.3.1. Civil Aircraft
6.3.2. Military Aircraft
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fanjet Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fanjet Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fanjet Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fanjet Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fanjet Demand Share Forecast, 2019-2029
9. North America Fanjet Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fanjet Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fanjet Market Size and Volume Forecast by Application
9.4.1. Civil Aircraft
9.4.2. Military Aircraft
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fanjet Market Size and Volume Forecast by Type
9.7.1. High-pressure Turbine
9.7.2. Low-pressure Turbine
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fanjet Demand Share Forecast, 2019-2029
10. Latin America Fanjet Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fanjet Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fanjet Market Size and Volume Forecast by Application
10.4.1. Civil Aircraft
10.4.2. Military Aircraft
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fanjet Market Size and Volume Forecast by Type
10.7.1. High-pressure Turbine
10.7.2. Low-pressure Turbine
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fanjet Demand Share Forecast, 2019-2029
11. Europe Fanjet Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fanjet Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fanjet Market Size and Volume Forecast by Application
11.4.1. Civil Aircraft
11.4.2. Military Aircraft
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fanjet Market Size and Volume Forecast by Type
11.7.1. High-pressure Turbine
11.7.2. Low-pressure Turbine
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. B Application
11.10.4. By Sales Channel
11.11. Europe Fanjet Demand Share, 2019-2029
12. Asia Pacific Fanjet Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fanjet Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fanjet Market Size and Volume Forecast by Application
12.4.1. Civil Aircraft
12.4.2. Military Aircraft
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fanjet Market Size and Volume Forecast by Type
12.7.1. High-pressure Turbine
12.7.2. Low-pressure Turbine
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fanjet Demand Share, 2019-2029
13. Middle East & Africa Fanjet Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fanjet Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fanjet Market Size and Volume Forecast by Application
13.4.1. Civil Aircraft
13.4.2. Military Aircraft
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fanjet Market Size and Volume Forecast by Type
13.7.1. High-pressure Turbine
13.7.2. Low-pressure Turbine
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fanjet Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Fanjet Market: Market Share Analysis
14.2. Fanjet Distributors and Customers
14.3. Fanjet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CFM International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pratt & Whitney
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IAE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Soloviev
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Motor Sich
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rolls-Royce
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Honeywell Aerospace
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Williams International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Klimov
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
