DUBLIN--(BUSINESS WIRE)--The "Aircraft Engines Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global aircraft engines market to grow with a CAGR of 5.6% over the forecast period of 2018-2024.
Increasing number of aircraft passengers has led to Increase demand of Aircrafts and Increasing Demand for Fuel-Efficient Engines, which in turn is driving the growth the growth of the aircraft engines market.
Additionally, Increase in demand for fuel-efficient engines and aircraft engines are projected to gain high importance in the military sector disputing drug trafficking and terrorism. This in turn is anticipated to fuel the growth of the aircraft engines market.
However, factors such as high maintenance and manufacturing cost followed by lack of production facilities are likely to restrain the growth of the market during the forecast period.
Furthermore, aircraft with better fuel injection systems and low noise emissions because of long lasting technological developments in the field of engine design is projected to create several growth opportunities for the key players in the aircraft engines.
On the other hand, Increase in Demand for Lightweight Aircraft Engines and continuous rising demand for said end-user applications, the aircraft market is anticipated to grow in proportion to the demand for aircraft.
Moreover, to fulfill the demands the aircraft manufacturers are engaged to design and develop more sophisticated and efficient engines over the years to come.
Among the geographies, North America dominated the global aircraft engines market. However, japan is projected to be on the slower side of international aircraft engine market.
Moreover, Asia Pacific is anticipated to drive on the buildout of inter-regional trade in India and China.
Key Topics Covered
1. Preface
2. Executive Summary
3. Global Aircraft Engines Market Overview
4. Aircraft Engines Market Macro Indicator Analysis
5. Global Aircraft Engines Market by Engine Type
6. Global Aircraft Engines Market by Platform
7. Global Aircraft Engines Market by Application
8. Global Aircraft Engines Market by Region 2018-2024
9. Company Profiles & Competitive Landscape
- MTU Aero Engines AG
- Textron Inc.
- Engine Alliance LLC
- Honeywell International Inc.
- Safran SA
- International Aero Engines AG
- United Technologies Corporation
- Rolls-Royce Holdings PLC
- CFM International SA
- General Electric Co.
For more information about this report visit https://www.researchandmarkets.com/research/2t2q82/opportunity?w=4
