Aero-engine also referred to as aircraft engine, is a mechanical power generating propulsion system for an aircraft. Most of the aircrafts have use mechanical engine for propulsion except for some solar-powered & hybrid aircrafts. Aero-engine uses jet fuel also known as aviation fuel for power generation. Manufacturing of Aero-engine is growing due to factors like; rising demand for more fuel efficient engines, increase in R&D investment (owing to rise in fuel prices, strict emission norms, engines with better fuel injection, low noise emitting engines & need for more powerful engines), rising number of air passengers, rising technological advancement, etc. Therefore, the Aero-engine Market is anticipated to expand and has tremendous scope during the forecast period. The global Aero-engine Market anticipated to flourish in the future by growing at a significantly higher CAGR.
The global Aero-engine Market is based on segment, by Type the market is segmented into Piston Engine, Turboshaft Engine, Turboprop Engine and Turbofan Engine, and by Application the market is segmented into Military Aviation, General Aviation and Commercial Aviation.
Aero-engine Market, By Type
Aero-engine Market, By Application
On a global front, the Aero-engine Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA).
Aero-engine Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The leading players in the market are United Technologies Corporation, Hindustan Aeronautics Limited, Rolls-Royce plc, IAE International Aero Engines AG, The Boeing Company, GE Aviation, Honeywell Aerospace, Pratt & Whitney, Safran, CFM International, Extron Inc., Engine Alliance and MTU Aero Engines. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
United Technologies Corporation
Hindustan Aeronautics Limited
IAE International Aero Engines AG
The Boeing Company
Pratt & Whitney
MTU Aero Engines
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?