Press release
Global Aero Turbofan Engine Market by Key Participants are Safran Aircraft Engines, General Electric, Honda Aero, Lufthansa, IHI Corporation, MTU Aero Engines, Pratt & Whitney, CFM International, UEC PERM Engines, Rolls-Royce Holdings PLC, and Honeywell I
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Technological innovations are driving the product acceptance across the aviation industry over the projected time span. Incorporation of geared turbofan concept in the basic form will minimize thrust specific fuel consumption, fan blade tip speed, and overall product weight. Airbus, Mitsubishi, Irkut, Bombardier, and Embraer are few industry participants who have chosen the geared turbofan for their short & medium haul aircraft and new regional jet planes.
Asia Pacific aero turbofan engine market size is estimated to be the fastest growing region owing to emerging economies such as India and China. For instance, in December 2016, China powered up its military jet engines technology to wean itself off from Russia imports. Advancements in product design, radar systems, and home-grown turbofan technology showcased that the country is no more reliant on Russian products for next generation of fighter planes. In addition, India introduced Hindustan Turbofan Engine 25 (HTFE-25) in Aero India-2017 that will be ready for first flight by 2018. This was pitched and designed to power business jets and trainer aircrafts in the twin engine configuration.
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Global industry players are Safran Aircraft Engines, General Electric, Honda Aero, Lufthansa, IHI Corporation, MTU Aero Engines, Pratt & Whitney, CFM International, UEC PERM Engines, Rolls-Royce Holdings PLC, and Honeywell International Inc.
Related Report:
Browse key industry insights spread across 390 pages with 651 market data tables & 18 figures & charts from the report, “Aerospace Landing Gear Market Size By Position (Main Landing Gear, Nose/Tail Landing Gear), By Arrangement (Tail Wheel, Tandem, Tri-cycle), By Aircrafts (Commercial Aircraft {Narrow Body, Wide Body}, Regional Jet, Business Jet, Helicopter, Military Aircraft), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, Qatar, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/pressrelease/aerospace-landing-gear-market
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