Market Overview:
The global aero engines market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for air travel, rising disposable income, and technological advancements in aero engines. On the basis of type, the piston engine segment is expected to account for a major share of the global aero engines market during the forecast period. This can be attributed to its low cost and easy maintenance as compared to gas turbine engine types. However, gas turbine engine types are expected to witness higher growth rates owing their superior performance characteristics as compared to piston engine types. On the basis of application, airliner segment is anticipated hold dominant position in terms of revenue contribution throughoutthe forecast period followed by general aviation and business aircraft segments respectively .This can be primarily ascribedto growing demand for air travel across various regions coupled with increasing fleet sizeof airlines worldwide .
Product Definition:
Aero engines are used in aircraft to generate thrust to move the plane forwards. The importance of aero engines is that they enable planes to fly and transport people and cargo.
Piston Engine:
Piston engine is a type of internal combustion engine, which has a piston as one of the key working parts. The pistons are mounted to an elongated cylinder shaped member, which is called the reciprocating chamber. One end of this chamber is closed by a cover or door and the other end contains an open valve that allows air or another fluid to pass through from one side to another.
Gas Turbine Engine:
A gas turbine engine (GTE) is an internal combustion engine, which uses the fuel to provide energy to turn a crankshaft. The main difference between a gas turbine and steam turbine is that the latter produces high-pressure steam which drives a piston within a cylinder at very high speed, while the former uses gases provided by low pressure gaseous fuels.
Application Insights:
Airliners, general aviation business and other aircraft were some of the major application segments in 2017. The growth of general aviation is driven by rising interest among individuals to learn to fly or keep their license current. General aviation accounted for a share of 33% in terms of revenue in 2017 owing to increasing demand from countries such as U.S., Canada, Brazil, Australia and India where recreational flying is popular among enthusiasts.
Theliner segment has been witnessing significant growth over the past few years on account of growing preference for larger aircraft with higher passenger capacity compared to narrow-body jets due to increased consumer spending power on luxury travel experiences.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to continue its dominance over the forecast period, with U.S. being a key contributor to regional growth owing to strong economic performance and technological advancements in aerospace manufacturing sector.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to increasing demand from developing countries such as India and China, which are also home to some of world’s leading aircraft manufacturers such as Boeing and Airbus respectively. In addition, rising disposable income levels among middle-class population groups in these countries will further boost product demand over next few years. Moreover, growing interest of investors from other sectors into aviation industry will have positive impacts on overall market development across Asia Pacific region during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for air travel: The number of passengers travelling by air is increasing every year. This is driving the demand for more efficient and reliable aero engines.
- Technological advancements: The aero engine market is constantly evolving with new technologies being developed to improve performance and efficiency. This is attracting new players to the market and encouraging existing players to invest in R&D activities.
- Stringent emissions regulations: Governments are increasingly implementing stringent emissions regulations for aero engines in order to reduce environmental pollution levels. This is pushing engine manufacturers towards developing more fuel-efficient engines that meet these regulations.
- Rising aircraft orders: Airlines are placing increasing orders for new aircraft, which requires them to procure corresponding numbers of new aero engines as well. This provides opportunities for engine manufacturers and suppliers alike to expand their businesses further into this growing market segment . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Aero Engines Market Research Report
By Type
Piston Engine, Gas Turbine Engine, Others
By Application
Airliner, General Aviation, Business Aircraft, Others
By Companies
GE, Pratt & Whitney, Rolls-Royce, Safran, OAK, Grumman Aerospace, Honda, GE
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Aero Engines Market Report Segments:
The global Aero Engines market is segmented on the basis of:
Types
Piston Engine, Gas Turbine Engine, Others
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
Airliner, General Aviation, Business Aircraft, Others
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:
- GE
- Pratt & Whitney
- Rolls-Royce
- Safran
- OAK
- Grumman Aerospace
- Honda
- GE
Highlights of The Aero Engines 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:
- Piston Engine
- Gas Turbine Engine
- Others
- By Application:
- Airliner
- General Aviation
- Business Aircraft
- Others
- 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 Aero Engines 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?
Aero Engines is a company that designs and manufactures aircraft engines.
Some of the key players operating in the aero engines market are GE, Pratt & Whitney, Rolls-Royce, Safran, OAK, Grumman Aerospace, Honda, GE.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aero Engines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aero Engines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aero Engines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aero Engines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aero Engines Market Size & Forecast, 2018-2028
4.5.1 Aero Engines Market Size and Y-o-Y Growth
4.5.2 Aero Engines Market Absolute $ Opportunity
Chapter 5 Global Aero Engines Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aero Engines Market Size Forecast by Type
5.2.1 Piston Engine
5.2.2 Gas Turbine Engine
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aero Engines Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aero Engines Market Size Forecast by Applications
6.2.1 Airliner
6.2.2 General Aviation
6.2.3 Business Aircraft
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aero Engines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aero Engines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aero Engines Analysis and Forecast
9.1 Introduction
9.2 North America Aero Engines Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aero Engines Market Size Forecast by Type
9.6.1 Piston Engine
9.6.2 Gas Turbine Engine
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aero Engines Market Size Forecast by Applications
9.10.1 Airliner
9.10.2 General Aviation
9.10.3 Business Aircraft
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aero Engines Analysis and Forecast
10.1 Introduction
10.2 Europe Aero Engines Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aero Engines Market Size Forecast by Type
10.6.1 Piston Engine
10.6.2 Gas Turbine Engine
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aero Engines Market Size Forecast by Applications
10.10.1 Airliner
10.10.2 General Aviation
10.10.3 Business Aircraft
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aero Engines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aero Engines Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aero Engines Market Size Forecast by Type
11.6.1 Piston Engine
11.6.2 Gas Turbine Engine
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aero Engines Market Size Forecast by Applications
11.10.1 Airliner
11.10.2 General Aviation
11.10.3 Business Aircraft
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aero Engines Analysis and Forecast
12.1 Introduction
12.2 Latin America Aero Engines Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aero Engines Market Size Forecast by Type
12.6.1 Piston Engine
12.6.2 Gas Turbine Engine
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aero Engines Market Size Forecast by Applications
12.10.1 Airliner
12.10.2 General Aviation
12.10.3 Business Aircraft
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aero Engines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aero Engines Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aero Engines Market Size Forecast by Type
13.6.1 Piston Engine
13.6.2 Gas Turbine Engine
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aero Engines Market Size Forecast by Applications
13.10.1 Airliner
13.10.2 General Aviation
13.10.3 Business Aircraft
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aero Engines Market: Competitive Dashboard
14.2 Global Aero Engines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Pratt & Whitney
14.3.3 Rolls-Royce
14.3.4 Safran
14.3.5 OAK
14.3.6 Grumman Aerospace
14.3.7 Honda
14.3.8 GE
