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New study: Global aircraft engine market opportunities & forecast 2016-2021

Automotive and Transportation Market Research

Global Aircraft Engine Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), by Application (Military, Aviation, Commercial Aviation, General Aviation), by Platform (Fixed Wing, Rotary Wing), and by Geography - Opportunities & Forecast 2016-2021

The global aircraft engine market has witnessed a substantial growth in recent years. The rise in the aircraft orders & deliveries, growing number of low cost carriers as well as increased demand for fuel efficient engines worldwide has fuelled the growth of the aircraft engine market. In addition, new aircraft manufactures are cropping up in Asia-Pacific and Latin America, which in-turn will help the market for aircraft engines to grow at a substantial rate during the forecast period. 

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Turbofan engine segment is expected to grow at the highest growth rate during the forecast period owing to the increased demand for fuel efficient engines by the airliners worldwide.