Market Overview:
The global small aircraft engines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for small aircraft engines for various applications such as fixed wing and helicopters. Additionally, the increasing demand for turbofan, turboprop, and turboshaft engines is also propelling the growth of this market. However, factors such as volatility in fuel prices and stringent emission norms are restraining the growth of this market to some extent. Based on type, the global small aircraft engines market can be segmented into turbofan engine, turboprop engine, turboshaft engine, and piston engine. The turbojet engine segment is expected to hold a major share of this market during the forecast period owing to its high efficiency and low noise levels as compared to other types of small aircraft engines.
Product Definition:
Small aircraft engines are the power plants that provide thrust to small airplanes and helicopters. They come in a variety of types, from piston engines to Wankel rotaries to electric motors. Small aircraft engines are important because they provide the power necessary for these vehicles to take off and fly.
Turbofan Engine:
A turbofan (Turbine with Fan) engine is a type of gas turbine engine, which employs a spinning fan to increase the flow of air into the combustion chamber. The main advantages offered by these engines are low operating noise and efficient cooling. Turbofans have been replacing piston-based aircraft engines since their introduction due to their ability to operate at high power settings at lower speeds, which reduces fuel consumption and increases efficiency.
Turboprop Engine:
A turboprop engine is a type of internal combustion engine which has a mechanical drive system but no accessories such as belts, pulleys or valves. It drives through the power of spinning propeller(s). The main advantages are fuel economy and low maintenance costs.
The engines used in small aircraft can be categorized into two major groups namely Turboprop and reciprocating engines.
Application Insights:
Fixed-wing aircraft engines dominate the global small aircraft engines market in terms of revenue share at present. These are mainly used for short and medium haul commercial aviation services. Helicopter application segment is expected to witness significant growth over the forecast period owing to rising demand from emerging economies such as India, Brazil, and China. In addition, these are also used for military applications such as armed reconnaissance, light attack & close air support missions among others.
The demand for helicopters has increased significantly due to their ability to provide rapid emergency medical evacuations along with troop transport capabilities in adverse weather conditions at a low altitude which makes them ideal utility aircrafts across various regions around the world including North America and Europe among other regions worldwide.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to rising investments in new airport construction projects, rise in air passenger traffic, and increasing demand for commercial flights.
Growth Factors:
- Increasing demand for small aircraft engines from the general aviation industry as a result of the growth in air travel and tourism.
- The increasing popularity of light sport aircraft (LSA) and their need for small aircraft engines is also expected to drive market growth.
- The increasing demand for unmanned aerial vehicles (UAVs) or drones, which require small aircraft engines, is another key factor that will spur market growth over the forecast period.
- Technological advancements in small engine design and manufacturing are likely to result in increased adoption, thereby propelling market expansion.
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Aircraft Engines Market Research Report
By Type
Turbofan Engine, Turboprop Engine, Turboshaft Engine, Piston Engine
By Application
Fixed Wing, Helicopter
By Companies
Pratt & Whitney Canada, General Electric, Honeywell, Williams International, Rolls-Royce, Lycoming, Safran Group, Rotax
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Small Aircraft Engines Market Report Segments:
The global Small Aircraft Engines market is segmented on the basis of:
Types
Turbofan Engine, Turboprop Engine, Turboshaft Engine, Piston Engine
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
Fixed Wing, Helicopter
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:
- Pratt & Whitney Canada
- General Electric
- Honeywell
- Williams International
- Rolls-Royce
- Lycoming
- Safran Group
- Rotax
Highlights of The Small Aircraft 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:
- Turbofan Engine
- Turboprop Engine
- Turboshaft Engine
- Piston Engine
- By Application:
- Fixed Wing
- Helicopter
- 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 Small Aircraft 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?
Small aircraft engines are typically used in smaller, lighter aircraft. They are often less powerful than larger engine types and may require more frequent maintenance.
Some of the key players operating in the small aircraft engines market are Pratt & Whitney Canada, General Electric, Honeywell, Williams International, Rolls-Royce, Lycoming, Safran Group, Rotax.
The small aircraft engines market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Small Aircraft 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 Small Aircraft Engines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Small Aircraft 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 Small Aircraft 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 Small Aircraft Engines Market Size & Forecast, 2020-2028
4.5.1 Small Aircraft Engines Market Size and Y-o-Y Growth
4.5.2 Small Aircraft Engines Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Turbofan Engine
5.2.2 Turboprop Engine
5.2.3 Turboshaft Engine
5.2.4 Piston Engine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Fixed Wing
6.2.2 Helicopter
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Small Aircraft 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 Small Aircraft 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Turbofan Engine
9.6.2 Turboprop Engine
9.6.3 Turboshaft Engine
9.6.4 Piston Engine
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 Market Size Forecast by Applications
9.10.1 Fixed Wing
9.10.2 Helicopter
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Turbofan Engine
10.6.2 Turboprop Engine
10.6.3 Turboshaft Engine
10.6.4 Piston Engine
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 Market Size Forecast by Applications
10.10.1 Fixed Wing
10.10.2 Helicopter
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Turbofan Engine
11.6.2 Turboprop Engine
11.6.3 Turboshaft Engine
11.6.4 Piston Engine
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 Market Size Forecast by Applications
11.10.1 Fixed Wing
11.10.2 Helicopter
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Turbofan Engine
12.6.2 Turboprop Engine
12.6.3 Turboshaft Engine
12.6.4 Piston Engine
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 Market Size Forecast by Applications
12.10.1 Fixed Wing
12.10.2 Helicopter
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Turbofan Engine
13.6.2 Turboprop Engine
13.6.3 Turboshaft Engine
13.6.4 Piston Engine
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) Market Size Forecast by Applications
13.10.1 Fixed Wing
13.10.2 Helicopter
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 Small Aircraft Engines Market: Competitive Dashboard
14.2 Global Small Aircraft Engines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pratt & Whitney Canada
14.3.2 General Electric
14.3.3 Honeywell
14.3.4 Williams International
14.3.5 Rolls-Royce
14.3.6 Lycoming
14.3.7 Safran Group
14.3.8 Rotax
