Market Overview:
The global military aircraft engines 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 aircraft engines market in 2018. However, the turbine engines segment is projected to register highest CAGR during the forecast period. Asia Pacific region is expected to dominate the global military aircraft engines market in terms of revenue contribution, followed by North America and Europe respectively, during the forecast period. Some of key factors driving growth of global military aircraft engine market are increasing demand for fighter jets and transport aircrafts across various countries due to rising security concerns; increasing expenditure on defence sector by governments across different regions; and technological advancements in aviation industry that has led to development of more fuel-efficient.
Product Definition:
Military aircraft engines are the heart of any military aircraft. They provide the power to move the aircraft and propel it through the air. Military aircraft engines are typically more powerful than civilian engines and can withstand more wear and tear. They also must be able to operate in a variety of conditions, including extreme heat and cold.
Jet Engines:
Jet engines are the most important part of an aircraft. They provide thrust and help in propelling the aircraft forward during take-off and landing. The faster they operate, the more fuel they need to carry which ultimately increases its weight and reduces its efficiency as a military aircraft engine.
Turbine Engines:
Turbine engines are used in military aircraft for power-offloading. The main objective of using turbine engines is to provide increased range and/or fuel capacity, without the need for a larger fuselage or payload. In addition, they can be used as an emergency power source when needed.
The primary function of turboshaft engines is to convert the engine's rotational speed into useful energy that can drive a propeller or turbines via a shaft and gear system.
Application Insights:
The fighter aircraft application segment led the global military aircraft engines market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing defense spending by countries such as China, India and Russia on developing and purchasing advanced fighter aircrafts for their armed forces. For instance, in 2016, Indian government announced its plan to develop an ¢â‚¬Å“New Fighter Aircraft¢â‚¬ which will have state-of-the-art technologies with superior performance similar to those used by U.S.-based Lockheed Martin Corporation F-16 Fighting Falcons and Boeing Company F/A18 Super Hornets for its domestic use from 2018 onward.
Regional Analysis:
The Asia Pacific military aircraft engines market is expected to witness significant growth over the forecast period. The growth can be attributed to increasing defense budgets of various countries, including China and India. For instance, in 2017, China increased its defense budget by 7.5% which was the highest increase in decades and accounted for USD X billion out of a total budget of USD X trillion.
Europe accounted for over 25% share of the overall revenue in 2017 owing to growing expenditure on aerial refueling tankers along with other applications such as transport helicopters.
Growth Factors:
- Increasing demand for military aircraft engines from developing countries owing to the rising defense budgets and increasing need for advanced fighter jets.
- Proliferation of regional conflicts and terrorist activities, which is resulting in an increase in the number of military aircraft procurements by various nations across the globe.
- Growing popularity of unmanned aerial vehicles (UAVs) or drones, which are powered by military aircraft engines, among militaries worldwide for reconnaissance and combat operations.
- Technological advancements in military aircraft engine design and manufacturing that are resulting in increased efficiency and performance levels, thus making them more attractive to buyers globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Aircraft Engines Market Research Report
By Type
Jet Engines, Turbine Engines, Other
By Application
Fighter Aircraft, Transport Aircraft, Helicopters, Other
By Companies
GE Aviation, Pratt & Whitney, Rolls Royce, Safran Aircraft Engines, Klimov, MTU Aero Engines, ITP, United Technologies Corporation, Textron, Inc, Honeywell International, Engine Alliance LLC, CFM International SA
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Military Aircraft Engines Market Report Segments:
The global Military Aircraft Engines market is segmented on the basis of:
Types
Jet Engines, Turbine Engines, Other
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, Other
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
- Pratt & Whitney
- Rolls Royce
- Safran Aircraft Engines
- Klimov
- MTU Aero Engines
- ITP
- United Technologies Corporation
- Textron, Inc
- Honeywell International
- Engine Alliance LLC
- CFM International SA
Highlights of The Military 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:
- Jet Engines
- Turbine Engines
- Other
- By Application:
- Fighter Aircraft
- Transport Aircraft
- Helicopters
- Other
- 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 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?
Military aircraft engines are those used in military aircraft.
Some of the major companies in the military aircraft engines market are GE Aviation, Pratt & Whitney, Rolls Royce, Safran Aircraft Engines, Klimov, MTU Aero Engines, ITP, United Technologies Corporation, Textron, Inc, Honeywell International, Engine Alliance LLC, CFM International SA.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Aircraft Engines 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 Aircraft Engines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Aircraft Engines Market - Supply Chain
4.5. Global Military Aircraft Engines Market Forecast
4.5.1. Military Aircraft Engines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Aircraft Engines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Aircraft Engines Market Absolute $ Opportunity
5. Global Military Aircraft Engines 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 Aircraft Engines Market Size and Volume Forecast by Type
5.3.1. Jet Engines
5.3.2. Turbine Engines
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Aircraft Engines 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 Aircraft Engines Market Size and Volume Forecast by Application
6.3.1. Fighter Aircraft
6.3.2. Transport Aircraft
6.3.3. Helicopters
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines Demand Share Forecast, 2019-2026
9. North America Military Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines Market Size and Volume Forecast by Application
9.4.1. Fighter Aircraft
9.4.2. Transport Aircraft
9.4.3. Helicopters
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Aircraft Engines Market Size and Volume Forecast by Type
9.7.1. Jet Engines
9.7.2. Turbine Engines
9.7.3. Other
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 Aircraft Engines Demand Share Forecast, 2019-2026
10. Latin America Military Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines Market Size and Volume Forecast by Application
10.4.1. Fighter Aircraft
10.4.2. Transport Aircraft
10.4.3. Helicopters
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Aircraft Engines Market Size and Volume Forecast by Type
10.7.1. Jet Engines
10.7.2. Turbine Engines
10.7.3. Other
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 Aircraft Engines Demand Share Forecast, 2019-2026
11. Europe Military Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines Market Size and Volume Forecast by Application
11.4.1. Fighter Aircraft
11.4.2. Transport Aircraft
11.4.3. Helicopters
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Aircraft Engines Market Size and Volume Forecast by Type
11.7.1. Jet Engines
11.7.2. Turbine Engines
11.7.3. Other
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. By Application
11.10.4. By Sales Channel
11.11. Europe Military Aircraft Engines Demand Share, 2019-2026
12. Asia Pacific Military Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines Market Size and Volume Forecast by Application
12.4.1. Fighter Aircraft
12.4.2. Transport Aircraft
12.4.3. Helicopters
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Aircraft Engines Market Size and Volume Forecast by Type
12.7.1. Jet Engines
12.7.2. Turbine Engines
12.7.3. Other
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 Aircraft Engines Demand Share, 2019-2026
13. Middle East & Africa Military Aircraft Engines 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 Aircraft Engines 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 Aircraft Engines Market Size and Volume Forecast by Application
13.4.1. Fighter Aircraft
13.4.2. Transport Aircraft
13.4.3. Helicopters
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Aircraft Engines Market Size and Volume Forecast by Type
13.7.1. Jet Engines
13.7.2. Turbine Engines
13.7.3. Other
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 Aircraft Engines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Aircraft Engines Market: Market Share Analysis
14.2. Military Aircraft Engines Distributors and Customers
14.3. Military Aircraft Engines 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. 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. Rolls Royce
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. United Technologies Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Textron, Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Honeywell International
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Engine Alliance LLC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CFM International SA
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
