Market Overview:
The global military aerospace engine market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The jet engines segment is expected to account for the majority share of the global military aerospace engine market in 2018. However, the turbine engines segment is projected to register highest CAGR during the forecast period. The fighter aircraft application segment is expected to account for a major share of the global military aerospace engine market in 2018, followed by transport aircraft and helicopters segments respectively. North America accounted for majority share of the global military aerospace engine market in 2017 and it is anticipated that this region will continue its dominance throughout 2030 owing to presence of key players operating in this region coupled with increasing demand from countries such as U.S.
Product Definition:
Military aerospace engine is a type of aircraft engine that is specifically designed for military use. These engines are typically more powerful than civilian engines and can withstand more extreme conditions. They are used in a variety of military aircraft, including fighter jets and bombers. The importance of military aerospace engines cannot be overstated; they are essential for enabling aircraft to perform effectively in combat situations.
Jet Engines:
Jet engines are the most important and prominent part of any aircraft. They provide thrust for propelling an aircraft forward in flight. The working of a jet engine is driven by the burning of fuel which is supplied by the tank on board through pipes known as feed lines. The exhaust gases produced from jet engines are directed out through nozzles located at each end of the fuselage, these nozzles being known as exhausts or jets.
Turbine Engines:
Turbine engines are combustion engines which get their power from spinning a turbine blade. The main goal of this engine is to convert the energy obtained from burning fuel into useful mechanical work. Turbine engines are widely used in helicopters, aircraft carriers, and some land-based vehicles such as armored personnel carrier and infantry fighting vehicle among others.
The global military aerospace engine market size was valued at USD 5,700 million in 2016.
Application Insights:
The fighter aircraft application segment led the global military aerospace engine market in 2017 and is projected to expand at a significant CAGR over the forecast period. The growth can be attributed to increasing defense expenditure on developing strong armed forces by various countries. For instance, Russia has been spending huge amounts of money on upgrading its military capability and is expected to invest more than USD 1 trillion during the next 15 years. This investment is likely to boost product demand in this segment significantly.
The transport aircraft application segment accounted for 23% share of the total revenue in 2017 owing to growing airlift capacity across several countries including India, Brazil, Australia and South Africa among others. Moreover, governments are encouraging airlines for using these engines as they provide better efficiency compared with other conventional engines thereby reducing fuel cost which aids an airline¢â‚¬â„¢s profitability margin further boosting product demand in this segment over the forecast period (2030 - 2037).
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017, owing to the high demand from military aircraft and other applications. The U.S., being a global military power, is involved in conflicts around the world which has led to an increase in defense expenditure by its government resulting into high demand for these engines across various application areas such as transport and trainer aircraft among others.
Asia Pacific is expected to be one of the fastest growing regions with a CAGR exceeding 5% during the forecast period owing to increasing government investments on developing civil aerospace infrastructure such as airports and air traffic control centers among others leading to increased demand for these engines across this region.
Growth Factors:
- Increasing demand for fighter jets and other military aircraft across the globe is expected to drive the growth of the military aerospace engine market during the forecast period.
- The increasing focus on modernizing air forces by various countries is also anticipated to fuel the demand for military aerospace engines in the coming years.
- The growing need for unmanned aerial vehicles (UAVs) is also projected to boost the growth of this market in future.
- Rising investments by governments in defense sector are expected to create new opportunities for players operating in this market over next few years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Aerospace Engine Market Research Report
By Type
Jet Engines, Turbine Engines, Others
By Application
Fighter Aircraft, Transport Aircraft, Helicopters
By Companies
GE Aviation, Rolls Royce, Pratt & Whitney, Safran Aircraft Engines, Klimov, MTU Aero Engines, ITP
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Military Aerospace Engine Market Report Segments:
The global Military Aerospace Engine market is segmented on the basis of:
Types
Jet Engines, Turbine Engines, 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
Fighter Aircraft, Transport Aircraft, Helicopters
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 Aviation
- Rolls Royce
- Pratt & Whitney
- Safran Aircraft Engines
- Klimov
- MTU Aero Engines
- ITP
Highlights of The Military Aerospace Engine 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:
- Jet Engines
- Turbine Engines
- Others
- By Application:
- Fighter Aircraft
- Transport Aircraft
- Helicopters
- 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 Military Aerospace Engine 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?
Military aerospace engines are used in aircraft and missiles to provide power. They are designed to operate at high temperatures and pressures, which can make them difficult to maintain.
Some of the key players operating in the military aerospace engine market are GE Aviation, Rolls Royce, Pratt & Whitney, Safran Aircraft Engines, Klimov, MTU Aero Engines, ITP.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Aerospace Engine 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. Military Aerospace Engine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Aerospace Engine Market - Supply Chain
4.5. Global Military Aerospace Engine Market Forecast
4.5.1. Military Aerospace Engine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Aerospace Engine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Aerospace Engine Market Absolute $ Opportunity
5. Global Military Aerospace Engine 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. Military Aerospace Engine Market Size and Volume Forecast by Type
5.3.1. Jet Engines
5.3.2. Turbine Engines
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Aerospace Engine 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. Military Aerospace Engine Market Size and Volume Forecast by Application
6.3.1. Fighter Aircraft
6.3.2. Transport Aircraft
6.3.3. Helicopters
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Aerospace Engine 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. Military Aerospace Engine 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 Military Aerospace Engine 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. Military Aerospace Engine 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 Military Aerospace Engine Demand Share Forecast, 2019-2026
9. North America Military Aerospace Engine 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 Military Aerospace Engine 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 Military Aerospace Engine Market Size and Volume Forecast by Application
9.4.1. Fighter Aircraft
9.4.2. Transport Aircraft
9.4.3. Helicopters
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Aerospace Engine Market Size and Volume Forecast by Type
9.7.1. Jet Engines
9.7.2. Turbine Engines
9.7.3. Others
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 Military Aerospace Engine Demand Share Forecast, 2019-2026
10. Latin America Military Aerospace Engine 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 Military Aerospace Engine 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 Military Aerospace Engine Market Size and Volume Forecast by Application
10.4.1. Fighter Aircraft
10.4.2. Transport Aircraft
10.4.3. Helicopters
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Aerospace Engine Market Size and Volume Forecast by Type
10.7.1. Jet Engines
10.7.2. Turbine Engines
10.7.3. Others
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 Military Aerospace Engine Demand Share Forecast, 2019-2026
11. Europe Military Aerospace Engine 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 Military Aerospace Engine 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 Military Aerospace Engine Market Size and Volume Forecast by Application
11.4.1. Fighter Aircraft
11.4.2. Transport Aircraft
11.4.3. Helicopters
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Aerospace Engine Market Size and Volume Forecast by Type
11.7.1. Jet Engines
11.7.2. Turbine Engines
11.7.3. Others
11.8. Basis Point Share (BP) 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. By Application
11.10.4. By Sales Channel
11.11. Europe Military Aerospace Engine Demand Share, 2019-2026
12. Asia Pacific Military Aerospace Engine 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 Military Aerospace Engine 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 Military Aerospace Engine Market Size and Volume Forecast by Application
12.4.1. Fighter Aircraft
12.4.2. Transport Aircraft
12.4.3. Helicopters
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Aerospace Engine Market Size and Volume Forecast by Type
12.7.1. Jet Engines
12.7.2. Turbine Engines
12.7.3. Others
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 Military Aerospace Engine Demand Share, 2019-2026
13. Middle East & Africa Military Aerospace Engine 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 Military Aerospace Engine 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 Military Aerospace Engine Market Size and Volume Forecast by Application
13.4.1. Fighter Aircraft
13.4.2. Transport Aircraft
13.4.3. Helicopters
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Aerospace Engine Market Size and Volume Forecast by Type
13.7.1. Jet Engines
13.7.2. Turbine Engines
13.7.3. Others
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 Military Aerospace Engine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Aerospace Engine Market: Market Share Analysis
14.2. Military Aerospace Engine Distributors and Customers
14.3. Military Aerospace Engine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Aviation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rolls Royce
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pratt & Whitney
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Safran Aircraft Engines
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Klimov
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MTU Aero Engines
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ITP
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
