DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "The Global Military Aircraft Engines Market 2017-2027" report to their offering.
Global military aircraft engines industry is anticipated to value US$9.7 Billion by the end of 2017, registering a compound annual growth rate (CAGR) of 3.73% to value US$14.1 Billion by 2027. The combat and transport aircraft engine segments will account for 54.9% and 19.6% of the military aircraft engine market, respectively, followed by the rotorcraft and other aircraft engine segments, with a cumulative share of 25.5%.
Many countries have embarked on a military modernization program, including the development of a range of aircraft covering multirole, fighters, bombers, transport, training, reconnaissance and surveillance. Over the forecast period (2017-2027), cumulative global expenditure on military aircraft engines will value US$126.4 billion, driven by upgrade projects, fleet replacement and modernization programs.
Due to budget cuts, modern aircraft are required to be more versatile than their predecessors, which necessitate the need for more powerful and efficient engines. With the top-defense spenders investing in the development of fourth- and fifth-generation fighters, the combat engines segment is anticipated to dominate the industry over the forecast period, posting a CAGR of 4.96%.
Over the forecast period, the industry will be led by North America with a share of 28.9%, followed by Asia-Pacific at 26.1%, and Europe at 25.7%. The Middle Eastern market for military aircraft engines is expected to account for 13.2%, followed by the Latin American and African markets with a cumulative share of 6%.
Key Topics Covered:
1. Executive Summary
2. Global Military Aircraft Engines Market - Overview
3. Market Dynamics
4. Military Aircraft Engines Industry - Segment Analysis
5. Regional Review
6. Military Aircraft Engines Market - Regional Analysis
7. Trend Analysis - Key Defense Markets
8. Key Programs Analysis
9. Competitive Landscape Analysis
- CFM International
- General Electric
- Hindustan Aeronautics Limited (HAL)
- JSC Klimov
- Pratt & Whitney
- Snecma S.A
For more information about this report visit https://www.researchandmarkets.com/research/vzlhzs/the_global