New York, According to a new market research report published by Global Insight Services “Aircraft Engine Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Aircraft engines are almost always either piston engines or gas turbine engines. Both engine types work by using fuel to create a force that turns propellers or rotors.
Piston engines are the older of the two engine types. They work by using pistons to compress and ignite fuel, which then pushes the pistons back down. The force created by the pistons turns a crankshaft, which in turn turns the propellers.
Gas turbine engines are more modern. They work by compressing air and then igniting fuel, which creates a hot gases. These hot gases spin a turbine, which turns the compressor. The compressor then forces more air into the engine, which keeps the cycle going. The turbine also turns the propellers.
Key Trends
The primary trends in aircraft engine technology are fuel efficiency, emissions reduction, and noise reduction.
Fuel efficiency is being driven by the high cost of fuel and the need to reduce emissions. Engine manufacturers are looking at ways to improve the efficiency of their engines, both in terms of the fuel burned and the amount of thrust generated.
Emissions reduction is a major focus for aircraft engine manufacturers. The aviation industry is working to meet stringent new emissions standards set by the International Civil Aviation Organization (ICAO). These standards are designed to reduce the impact of aviation on the environment.
Noise reduction is also a key trend in aircraft engine technology. The aviation industry is under pressure to reduce the noise generated by aircraft, both from a regulatory standpoint and from the public. Engine manufacturers are working on ways to reduce the noise generated by their engines, both in terms of the noise emitted during takeoff and landing, and during cruise.
Key Drivers
The market is driven by various factors, such as the increasing demand for fuel-efficient and lightweight engines, the growing demand for aircraft, and the increasing number of air passengers.
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Market Segments
By Type
- Turboprop
- Turbofan
- Turboshaft
- Piston Engine
Key Players
- General Electric
- United Technologies Corporation
- Rolls-Royce Holdings plc
- Safran
- Honeywell International Inc.
- MTU Aero Engine
- Pratt & Whitney
- Snecma S.A
- Hindustan Aeronautics Limited
- The Boeing Company
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Reasons to buy Aircraft Engine Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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