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Discover the aircraft engines market : top key players, trends, share to 2023

Automotive and Transportation Market Research

Aircraft Engines Market by Platform(Rotary Wing, Fixed Wing ), by Type (Turboshaft, Turboprop, Turbofan, Piston Engine) By Application(General Aviation, Commercial Aviation, Military Aviation).

GLOBAL AIRCRAFT ENGINES MARKET Make an Inquiry about this news was valued at USD 68.20 Billion in the year 2017. Global Aircraft Engines market is further estimated to grow at a CAGR of 5.09% from 2018 to reach USD 91.9 Billion by the year 2023.

North America region holds the highest market share in 2017 and Europe market is considered as the fastest growing market in the forecasted period. At a country level, the U.S.

is projected to grow at a strongly in the coming years.

Honeywell International Inc. (U.S.), The Boeing Company (U.S.), Hindustan Aeronautics Limited (HAL) (India), General Electric Co. (U.S.), Rolls-Royce plc. (U.K.), Extron Inc.

(U.S.), GE Aviation (U.S.), MTU Aero Engines AG (Germany), Safran SA (France), United Technologies Corporation—Pratt & Whitney Division (U.S.), are some of the top players in the Global Aircraft Engines market. Rising research and development expenses to cater changing demand of end users.

Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:

             Increase in production of aircraft due to development in the tourism sector

Restraints:

            Balancing production and demand capacity

Opportunities:

             Rising demand in private jet

Challenges:

             Changing government norms and regulations       

The major shares of the market come from turbofan engine segment in Global Aircraft Engines Market. On the other hand, Commercial Aviation, by application for this market is expected to grow at highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Aircraft Engines Manufacturers, Distributors and Retailers

Research and Consulting Organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Platform

Rotary Wing

Fixed Wing

By Type

Turboshaft

Turboprop

Turbofan

Piston Engine

By Application

General Aviation

Commercial Aviation

Military Aviation

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Honeywell International Inc.

Boeing

Hindustan Aeronautics Limited (HAL)

General Electric Co.

Rolls-Royce plc

Extron Inc.

GE Aviation

MTU Aero Engines AG

Safran SA`

United Technologies Corporation—Pratt & Whitney Division

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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