This Aviation Gas Turbines market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Aviation Gas Turbines market.
The global aviation gas turbine market has been growing tremendously with staggering achievements over the last decade. The market is driven by factors, such as impressively high aircraft production and re-equipment cycles, along with aging fighters, and fighter-bomber aircraft on the military side. Manufacturing and supply chain merger, clubbed with the growing demand for airlines drives growth of the aviation gas turbine market.
Gas turbine engines work on the Brayton cycle. Initially, air is compressed with the compressor and then, fuel and the compressed air are burnt in a combustion chamber known as a combustor. The released hot gasses pass through turbines, which generate energy to run the compressor, fan, and accessories installed on the engine. The exhaust gasses are then released from the turbine at a high velocity, which produces the required thrust. The process of power generation here is similar to that in a steam power plant – the primary difference being that here air is used instead of water. The same engine, when used to power the rotors of the helicopter instead of a propeller is called a turbo-shaft engine. In propeller aircraft engines, the propellers have airfoil shaped blades that generate lift in the forward direction when rotated by the engine. In a jet aircraft, it works on the principle of Newton’s third law of motion, i.e. for every action there is an equal and opposite reaction. In a jet aircraft, the engine produces thrust and hot exhaust gases, which in reaction produce a thrusting force.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The global aviation gas turbine market is largely dependent on macroeconomic factors and prevailing trends in the market. Presently, North America holds a relatively large share, and it is estimated to retain its dominance throughout during the forecast period. After North America, Europe holds the second spot in terms of market share, attributing to factors, such as large investments in military forces and the growing requirement for gas turbines – primarily in high-speed propulsion engines in naval planes. The APAC region is forecasted to dominate the market in the coming future, due to a large number of developments in the aircraft division and expansion of commercial planes and military applications.
Aviation Gas Turbines Market:Segmentation
Aviation Gas Turbines Market:Key Trends and Drivers
Rising demand for airlines, growth in aircraft fleet, and innovation are the primary factors that drive the aviation gas turbine market. Aging fighters, bomber-fighters, aging infrastructure and re-equipment cycles are other factors expected to drive the aviation gas turbine market over the forecast period. With research and development in the aviation department, there is a growing demand for latest turbofans, which is estimated to be a key driver for the aviation gas turbine market.
Aviation Gas Turbines Market: Market Participants
Examples of some of the market participants identified across the value chain include, General Electric, CFM International, Pratt & Whitney Division, Rolls-Royce, Engine Alliance, Avio Aero, International Aero Engines, MTU Aero Engines, Power Jet, Williams International, and Snecma S.A.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
Unique Requirements? Customize this Report
- Customize by Region, Country, Application, Product, & other segments
- Integrate our Insights with your Existing Data
- Determine the scope of the study to suit your requirements
Let FMI Help You!
- Gain Insights on Key Aviation Gas Turbines Market Impacting Forces
- Know the Winning Strategies of Market Leaders
- Get Deep-Dive Analysis on Each Segment
- Identify the Sources that will Drive Top-Line Revenue
The aviation gas turbines market can be segmented on the basis of application as follows:
- Large jet transports
- Regional transports (both turboprop and jet)
- Business jets
- Fighter aircraft
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.