Aircraft Engine Market Key Players Outlook, Latest Trends and Forecast up to 2021

Aircraft Engine Market Insights:

This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Aircraft Engine Market:

General Electric Co.
CFM International SA
Rolls-Royce Holdings PLC.
United Technologies Corporation
International Aero Engines AG
Safran SA
Honeywell International Inc.
Engine Alliance LLC
Textron Inc.
MTU Aero Engines AG

The key drivers of the Aircraft Engine Market are as follows:

The global aircraft engine market is witnessing strong growth in the upcoming years. The major factors driving the growth of the aircraft engine market include the increasing aircraft orders & deliveries, a rising number of low-cost carriers, and an upsurge in demand for fuel-efficient engines across the world. Rising demand for cost-effective and fuel-efficient aircraft will further boost the growth of the market. Moreover, new aircraft manufacturers worldwide are emphasizing on developing fuel-efficient aircraft to decrease fuel consumption, which will further surge the market growth in the upcoming years. The increasing prices of fuel have promoted manufactures to aim at the fuel efficiency of the aircraft. Usage of lightweight materials, such as carbon fiber, reinforced plastic, or other composite materials that are lightweight and possess great strength, is propelling the growth of the market.

Increasing commercial aircraft deliveries is also fuelling the growth of the market. Furthermore, improving economies of several developing countries in Asia-Pacific, such as India and China, has led to an upsurge in demand for air travel. The growing passenger traffic has increased demand for aircraft fleet expansion. On the other hand, the longevity of aircraft engines will hinder the market growth.

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The study objectives of this report are:

To study and forecast the size of the market.
To analyze the key players, SWOT analysis, value, and market share for the leading players.
To define, describe, and forecast the market by different segments.
To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Aircraft Engine Market:

Breakup by Type:

Turboprop
Turbofan
Turboshaft
Piston Engine

Breakup by Application:

Military
Aviation
Commercial Aviation
General Aviation

Breakup by Platform:

Fixed Wing
Rotary Wing

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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