DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Aircraft Engines Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Application (Military Aviation, Commercial Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2022" report to their offering.
Growing number of aircraft deliveries is one of the key factors expected to drive the aircraft engines market.
The aircraft engines market is projected to grow from an estimated USD 68.05 billion in 2017 to USD 92.38 billion by 2022, at a CAGR of 5.23% during the forecast period. The aircraft engines market is mainly driven by the increase in aircraft orders and fuel efficiency of new aircraft engines. However, existing backlogs in aircraft deliveries are restraining the growth of the aircraft engines market.
The aircraft engines market has been segmented based on engine type into turboprop, turbofan, turboshaft, and piston engine. Among these, the turbofan segment is estimated to be the largest in 2017. Most of the new airlines are installing new, fuel-efficient and lightweight turbofan engines. Thus, the turbofan segment is estimated to be largest application segment of the aircraft engines market.
Based on application, the commercial segment is estimated to account for the largest share of the aircraft engines market in 2017. The rising number of commercial aircraft deliveries is projected to drive the aircraft engines market.
Asia-Pacific region is projected to be the fastest-growing aircraft engines market during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Aircraft Engines Market, By Type
8 Aircraft Engines Market, By Platform
9 Aircraft Engines Market, By Application
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- CFM International SA
- Engine Alliance LLC
- General Electric Co.
- Honeywell International Inc.
- International Aero Engines AG
- MTU Aero Engines AG
- Rolls-Royce Holdings PLC.
- Safran SA
- Textron, Inc.
- United Technologies Corporation
For more information about this report visit https://www.researchandmarkets.com/research/fmbxbj/aircraft_engines