Aircraft Engine Market Expected To Grow To $91 Billion in 2025

Aircraft Engines Market Report 2021: COVID-19 Impact And Recovery

Aircraft Engines Global Market Report 2021: COVID-19 Impact And Recovery

Aircraft Engines Market Report 2021

Aircraft Engines Global Market Report 2021

The Business Research Company’s Aircraft Engines Global Market Report 2021 – COVID-19 Impact and Recovery

LONDON, GREATER LONDON, UK, October 13, 2021 /EINPresswire.com/ — The global aircraft engines market size is expected to grow from $59.65 billion in 2020 to $67.21 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $91.28 billion in 2025 at a CAGR of 8%.

The growing air passenger traffic is expected to propel the growth of the aircraft engine market over the coming years. In 2020, total air passenger traffic increased by 19% until 31 August, with carriers flying more than 70 lakh passengers during the period following a two-month pause from 25 May after the re-opening of domestic airline facilities in a graded manner. In order to meet the increasing air traffic, the number of airlines are revamping their fleet by purchasing new aircraft that create demand for new engines. In 2018, the International Air Transport Association (IATA) has disclosed that the number of passengers could double in 2037 to 8.2 billion. Therefore, the growing air passenger traffic drives the growth of the aircraft engine market.

Read More On The Global Aircraft Engines Market Report:
https://www.thebusinessresearchcompany.com/report/aircraft-engines-global-market-report

TBRC’s global aircraft engines market report is segmented by type into turboprop, turboshaft, turbofan, piston engine, by technology into conventional engine, electric/hybrid, by platform into fixed wing, rotary wing, by application into general aviation, business aviation, recreational aviation, others.

Integration of 3D printed parts in aircraft engines is a key trend gaining the popularity in the aircraft engines market. Companies are increasingly using 3D printing technology in aircraft engines as 3D printing-based production for aviation to reduce fuel usage and material costs. In January 2020, GE Aviation has revealed that the first aircraft of its 777X jet, operated by twin GE9X engines, was finished by the American multinational aerospace giant Boeing. More than 300 3D printed components are fitted in GE9X engines. According to General Electric (GE), 3D printing has enabled to create the GE9X engine 10% more fuel efficient than the GE90 engine. Market intelligence company Netscribes estimates that additive manufacturing (AM) techniques will produce global annual revenue of $8.7 billion by 2020.

Major players covered in the global aircraft engines industry are General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines, MTU Aero Engines, Textron, Hindustan Aeronautics, Klimov, Continental Motors Group, United Engine, Motor Sich, AVIC Aircraft, Aero Engine Corporation of China, Barnes Group.

Aircraft Engines Global Market Report 2021 – By Type (Turboprop, Turboshaft, Turbofan, Piston Engine), By Technology (Conventional Engine, Electric/Hybrid), By Platform (Fixed Wing, Rotary Wing), By Application (General Aviation, Business Aviation, Recreational Aviation), COVID-19 Impact and Recovery is one of a series of new reports from The Business Research Company that provides aircraft engines market overview, forecast aircraft engines market size and growth for the whole market, aircraft engines market segments, and geographies, aircraft engines market trends, aircraft engines market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Aircraft Engines Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3697&type=smp

Here Is A List Of Similar Reports By The Business Research Company:

Rocket Engines Global Market Report 2021 – By Type (Physically Powered, Chemically Powered, Electrically Powered, Thermal, Nuclear), By Product Type (Liquid Rocket Engine, Solid Rocket Engine), By Application (Spacecraft, Ballistic Missiles), COVID-19 Impact and Recovery
https://www.thebusinessresearchcompany.com/report/rocket-engines-global-market-report

Commercial Aircraft Global Market Report 2021 – By Type (Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines), By Engine Type (Turbofan, Turboprop, Turboshaft), By Size (Wide-Body, Narrow-Body, Regional), By End-User (Government, Private Sector), By Operation (Autonomous Aircraft, Manual), COVID-19 Impact And Recovery
https://www.thebusinessresearchcompany.com/report/commercial-aircraft-global-market-report-2020-30-covid-19-impact-and-recovery

Engine, Turbine, And Power Transmission Equipment Global Market Report 2021 – By Type (Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear), By Capacity (Small, Medium, Large), COVID-19 Impact And Recovery
https://www.thebusinessresearchcompany.com/report/engine-turbine-and-power-transmission-equipment-global-market-report-2020-30-covid-19-impact-and-recovery

Interested to know more about The Business Research Company?

The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Or get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *