Global Aircraft Engine Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Aircraft Engine Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Aircraft Engine Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Aircraft Engine Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
The engines which converts fuel energy into mechanical energy used for propelling the aircraft is known as aircraft engines. Mainly rocket engines or jet engines are used for propelling the aircraft. These engines are light-weight piston engines or gas turbines, except for small multicopter UAVs (Unmanned Aerial Vehicle) which are always electric aircraft.
There is tremendous increase for the aircraft order throughout the globe, due to this factor their is increase in the market growth. There is also continuous demand for fuel-efficient engines. It is mainly used in military sector for countering terrorism, illegal infiltration, drug trafficking, and others are the major driving factors for the growth of the market.
The demand for light weight aircraft engines is increasing, as well as there is emergency for aircraft manufacturers in Asia-Pacific and Latin America which are the opportunities to strengthen the growth of the market.The market has to face number of challenges which includes huge price associated with latest technology and stringent regulatory norms.
Key Question Answered:
What will be the market size in 2025 and at what rate it will grow?
Who are the major key players in global Aircraft Engine market and what are their strategies?
Which vertical industry is expected to show major growth?
What segment and region will lead the market and why?
The major companies profiled in the report include: Rolls-Royce plc, GE Aviation, Pratt & Whitney, CFM International, Engine Alliance, IAE International Aero Engines AG, MTU Aero Engines, Safran, and Honeywell Aerospace.
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