Global Aircraft Engine Market report from Global Insight Services is the single authoritative source of intelligence on Aircraft Engine Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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, restBlockchain Marketraints 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.
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.
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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.
Restraints & Challenges
The key restraints and challenges in the Aircraft Engine market are as follows:
High cost of development and production: The development and production of aircraft engines is a costly affair. This is due to the need for extensive testing and certification before engines can be used on aircraft.
Volatile fuel prices: Aircraft engines are highly sensitive to changes in fuel prices. This is because fuel forms a major part of the operating costs for airlines. volatile fuel prices can impact the profitability of airlines and hence the demand for aircraft engines.
Limited aftermarket: The aftermarket for aircraft engines is limited as compared to other automotive components. This is because aircraft engines have a long lifespan and are not replaced as often as other automotive parts.
Market Segments
By Type
- Turboprop
- Turbofan
- Turboshaft
- Piston Engine
By Component
- Compressor
- Turbine
- Gearbox
- Exhaust System
- Fuel System
- Others
By Platform
- Fixed Wing Aircraft
- Rotary Wing Aircraft
- Unmanned Aerial Vehicle
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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