Military Aircraft Engines Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: GE Aviation, Honeywell International, Pratt & Whitney

Over the next five years the Military Aircraft Engines Market will register an 6.2% CAGR in terms of revenue, the global market size will reach USD 145.4 billion by 2027.

Military Aircraft Engines Market Overview

Aircraft engines with higher fuel efficiency, compact size, and lightweight are in demand today. The rise in demand for air travel has led the airliners to increase their aircraft fleet size. This demand for new aircraft is expected to drive the growth of the market. Moreover, the rising issue of reducing the carbon footprint has diverted the focus on the development of advanced types of aircraft engines such as electric or hybrid engines, which is expected to fuel market growth. However, existing backlogs in aircraft deliveries are expected to restrain the aircraft engine market growth.The large-scale backlog with aircraft OEMs in the commercial, military, and general aviation sectors will drive the market during the forecast period. The planned fleet modernization and expansion plans of airlines, aircraft operators, armed forces, and charter operators during the forecast period are expected to propel the growth of the military aircraft engines market. The growth of the market is also driven by the demand for new generation engines with low emissions and lower weight, which will enhance the fuel efficiency of aircraft. Due to this trend, the companies are investing in the research and development of new engine models with the latest technologies like additive manufacturing and use of composite technologies. However, the growing concerns over the failure of aircraft engines during operation and delays in deliveries are some of the factors hampering the growth of the market.The lack of understanding among non-data centre, on the other hand, is concerning. The report aspects discussed the profile of the top manufacturers of the global Military Aircraft Engines market. These aspects include financial status of major companies, trending advancements and entire market scenario.

Industry News:

• 
  

  Textron Systems Corporation, a Textron Inc. (NYSE: TXT) company, today announced that it has been pre-awarded the United States Marine Corps Advanced Reconnaissance Vehicle (ARV) prototype agreement for its purpose-built CottonmouthTM vehicle. Through the 22-month period of performance, Textron Systems will produce a Cottonmouth vehicle for the Marine Corps that will go through rigorous testing and evaluation.

  
  


• In February 2022, Safran Helicopter Engines signed a Memorandum of Understanding (MoU) with ST Engineering to conduct a study on the use of Sustainable Aviation Fuel (SAF) in helicopter engines. The study aims to assist helicopter operators to switch from conventional fossil fuels to SAF.


• In June 2021, GE has released its Version 6.0 Software update for the CT7-2E1 turboshaft engine, introducing a number of benefits to civil and military engine operators. The software update introduces three key features that offer greater flexibility for operators

What are the major Applications, Types and Regions for Military Aircraft Engines Market?

Military Aircraft Engines Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Jet Engines


• Turbine Engines


• Turbofan


• Turboprop


• Turboshaft


• Piston


• Other

By Applications it is segmented into

• Fighter Aircraft


• Transport Aircraft


• Helicopters


• Combat Aircraft


• Narrow-body Aircraft


• Wide-body Aircraft


• Regional Aircraft


• Non-combat Aircraft


• Other

Military Aircraft Engines Market Regional Analysis

The Asia-Pacific region is expected to witness the highest growth during the forecast period due to the strong demand for domestic air travel in developing economies. The pandemic led to a decline in passenger traffic in 2020, but the domestic passenger traffic in the countries like China, India, South Korea, and Australia have been gradually recovering from the second half of 2020. Due to the faster growth of domestic passenger traffic, the low-cost airlines in the region are strengthening their aircraft fleet with new generation aircraft to support their route expansion plans.

All these factors greatly affect the Military Aircraft Engines market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Military Aircraft Engines Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyses market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Military Aircraft Engines Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Military Aircraft Engines Market report scope?

Key Takeaways from this Military Aircraft Engines Report

• Evaluate Military Aircraft Engines market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Military Aircraft Engines market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The  Military Aircraft Engines Market is studied from 2017 - 2027.

 What is the growth rate of  Military Aircraft Engines Market?

The  Military Aircraft Engines Market is growing at a CAGR of 6.2% over the next 5 years.

What regions does this  Military Aircraft Engines Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.