Commercial Aircraft Gas Turbine Engine Market 2018-2023 | CFM International, General Electric, Pratt & Whitney, Rolls-Royce, Avio Aero, Engine Alliance, Williams International and Power Jet

Commercial Aircraft Gas Turbine Engine Market Research Report 2018 published By Market Research Future, provides information on Global Commercial Aircraft Gas Turbine Engine Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by Engine Type (Turbojet, Turbofan, and Turboprop), and by Geography - Forecast To 2021

The leading market players in the global commercial aircraft gas turbine engine market primarily include CFM International, General Electric, Pratt & Whitney Division, Rolls-Royce, Avio Aero, Engine Alliance, International Aero Engines, MTU Aero Engines, NPO Saturn, Power Jet, Snecma, and Williams International.

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Commercial Aircraft Gas Turbine Engine Market – Market Overview

Aircraft are either powered by piston engine or gas turbine engines. Gas turbine engines are further classified as turbojet, turboprop and turbofan engine. The commercial aircraft are mostly powered by turbojet or turbofan engines. Turbojet are mainly used for small transport aircraft. Turbofan engines are more efficient than turboprops and are found in many modern commercial aircraft.

Aircraft gas turbine engines are the most widely used propulsion system in the aviation industry. There are different types of turbine engines, each of which have their own requirement for maintenance and overhaul. The following are the types of commercial aircraft gas turbine engines:

Turbojet:

In turbojet engines, the air passes from the front of the engine and enters the combustion chamber. The fuel inlet and igniter is located in this section. The turbine is then driven by the exhaust air, which finally exhausts at a high speed from the rear of the engine This produces the reaction that pushes the aircraft forward. Turbojet is the simplest form of all aircraft turbine engines and consists of four sections:

• Compressor
• Combustion Chamber
• Turbine Section
• Exhaust

Turboprop:

Turboprop are mainly useful for lower speed applications. In this type of engine, the energy exhaust is used to drive the propeller, after reducing the air speed through a gearbox. Turboprop engines provide a greater fuel efficiency and performance, at slower airspeeds. Thus, it is mainly used for small transport aircraft. However, the propellers are less efficient as the aircraft speed increases. The same type of engine used to power the rotor in a helicopter (instead of a propeller) is called a turbo shaft engine.

Turbofan:

In turbofan engine, a part of the air is exhausted without passing it through the core, which produces additional thrust. These engines are also called 'bypass jets' and are more efficient than turboprops. Turbofans are the modern version of an aircraft turbine engine and are found on high-speed transport and fighter aircrafts.

Commercial Aircraft Gas Turbine Engine Market – Competitive Analysis

The commercial aircraft engine market is highly competitive and vendors compete on the basis of cost, engine's reliability and quality, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for vendors to provide cost-effective and high-quality commercial aircraft engines with the latest technology.

The rivalry in this aircraft engine market was more intense in the past. Today, it is an odd mix of competition and collaboration. Increased collaboration is good for the aircraft technology, as it provides much optimized system (aircraft and engines). However, it could also reduce the competitiveness from the market, or give way to the rise of monopoly/duopoly in the aircraft engine market. Aircraft operators prefer the option to have a number of engine suppliers for their fleet of aircraft, as this will help to bring down the operational and maintenance cost, and ease the availability of compatible parts and components.

A major share of the commercial aircraft (narrowbody) gas turbine engine market is dominated by the GE alone, or by CFM International (a joint venture between GE and Snecma). Rolls-Royce and GE are the major contenders for supplying the engines for widebody commercial aircraft.

The aerospace industry has witnessed an increased competition and cost pressure. There are also challenges associated with rising fuel costs, and increase in price of raw materials. For the aerospace supply chain, it is a threat as well as an opportunity. The vendors with high level of innovation, increased adoption of new technologies, and investment in accordance to the changing market can benefit from the emerging opportunities and thrive in the long run. The vendors should also be capable to easily adjust and adopt according to the shift of market regions, to capture the new market share.

The mix of rapidly growing emerging markets in Asia and the Middle East, evolving technologies, and fiscal strains on mature markets is leading to widespread instability in the aerospace industry. Profitability is an ongoing challenge and companies must redouble their efforts to reduce costs. Meanwhile, companies need to accelerate their diversification into new and faster growth markets. This entails more than a mere geographic change but the tailoring of products and services for customer segments with varying priorities and requirements. The ability to identify and anticipate demand for new products and services driven by new technologies will be clear differentiation for companies.

Many of the OEMs and Tier 1 suppliers are leveraging the benefits because of the globalization of aerospace supply chain. One of the ways to adopt to evolving changes in the globalized market is by establishing company base and market reach in the emerging markets. A large company can also outsource its design, technology, and system manufacturing strength as per the evolving demand in the market.

Furthermore, the parts suppliers should coordinate with OEMs to create the products that are fully compliant with all the international aviation, environmental, safety and quality standards. Cooperation with OEMs is also especially important to increase the reliability and longevity of complex systems. For example, the longevity of an aircraft engine, a multi-million dollar equipment, also depends to some extent on the battery. Up to 85% of the life of an aircraft engine is consumed during start sequences, so a battery designed specifically to deliver the necessary power and energy is very crucial. It can be achieved by closely working with the relevant partners in the development process.

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Industry/ Innovation/ Related News:

June 2017:- Rolls-Royce won a major order from Ethiopian Airlines, to provide Trent XWB engines, for ten new Airbus A350-900 aircraft, with TotalCare service support. In addition, the order included TotalCare for 14 of the aircraft already in service or on order. In total, the deal was valued at USD 1.5 million.

May 2017:- GE Aviation Wales was awarded a contract worth USD 25.8 million. Its plant in Nantgarw repairs and overhauls GE’s range of turbofan jet engines and under this contract the plant would provide maintenance and repair services for the GE9X engines.

November 2016 - Pratt and Whitney won a contract worth USD93 million, for the sustainment of the US Air Force’s F119 engine. The F119-PW-100 turbofan engines power the US Air Force’s F-22 Raptor.

Commercial Aircraft Gas Turbine Engine Market – Segments

For the convenience of the report and enhanced understanding; the commercial aircraft gas turbine engine market is segmented in to two key dynamics:

Segmentation by Engine Type: Turbojet, Turbofan, and Turboprop.

Segmentation by Regions: Comprises Geographical regions –Americas, Europe, APAC and Middle East and Africa.

Commercial Aircraft Gas Turbine Engine Market – Regional Analysis

China, India, Japan, and Singapore are some of the emerging aviation markets in the APAC region. The aircraft gas turbine engine market is expected to grow in the future because of increased aircraft demand, aviation MRO activities and aircraft parts production capability in the region. The APAC region is expected to have the highest growth in the global commercial aircraft gas turbine engine market compared to other regions (EMEA and Americas) for the period 2014-2019.

Few of the countries in APAC are aggressively pushing for policies and reforms to attract the US and European aircraft and parts manufacturers to establish local operations in their respective country. For example, since 2010 Malaysia offers corporate tax exemptions and other investment schemes to companies investing in the local aviation industry. Many of the commercial aircraft suppliers are now concentrated in Southeast Asian countries: Singapore, Malaysia, Vietnam, Indonesia, Australia, and Thailand. The suppliers are constantly adding a wide range of parts manufacturing capacity into their portfolio.

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