Aircraft Engine Outsourcing Market (Service provider end) – An Exclusive Report | Sheer Analytics and Insights
Global Commercial Aircraft Engine Outsourcing Market data and insights available exclusively from Sheer Analytics and Insights
Increase in Demand for Narrow body Engines
Narrow body planes such as the Airbus A320 and the Boeing 737 are in huge demand owing to the versatility and efficiency that allow airline operators make profit flying the planes on an increasing number of routes. With such huge demand for narrow-body planes, the engine manufacturers are enthusiastic regarding the ever-growing opportunities. PurePower 1000G from Pratt & Whitney and the Safran-GE combination of LEAP and CFM56 engines are used to power single-aisle aircraft like the Airbus A320 and the Boeing 737 and 737 Max. Rolls-Royce is putting its effort to reenter the narrow body segment which it had deserted few years ago. Further down, the CFM56-5B is the most accepted engine for the A320 family owing to its simple and rugged architecture which offers it the highest durability, reparability, and reliability in its class. Moreover, the CFM56-7B is the engine of choice for the Boeing Next-Generation narrow body airliner. In recent days, more than 8,000 CFM56-7B engines are equipped on 737 aircraft, thereby making it the most favored engine in commercial aviation.
Outsource/Third Party Maintenance sector for Aero Engines
Moving forward, today, practice of outsourcing has gained widespread acceptance. While some airline operators perform in-house maintenance tasks, the third-party maintenance sector is witnessing rapid growth. According to smaller startup airlines, contracting maintenance is much attractive because keeping a fully-staffed, fully-equipped maintenance department is quite often infeasible or even inefficient for them. As the maintenance and engineering activity is a highly profitable market, Boeing has initiated its ‘Global Services’ to retrieve margins on its maintenance, repair, and overhaul (MRO) services while Airbus announced its partnership with Thai Airways International and has made a huge investment in an MRO center based in Thailand.
• Across the lifecycle of a commercial aircraft, an engine accounts for at least 40 to 50% of the total MRO expenditure and for a new aircraft, at least 35 to 40% of the overall cost of the jet.
• The commercial aerospace industry reflects a rising after market, evident from the gradually increasing percentage of revenue of engine OEMs and third party suppliers from aftersales and services than new engine supplies [highlight % of revenue earned by PW, RR and GE from commercial aftersales, it should be more than 50% for each]
Total Addressable Market and Engine Outsource Market
The total addressable market (global revenue) for aircraft engine and engine components is USD XX billion in 2018 and is expected to reach USD XX billion by 2023, growing at a CAGR of XX% during the projection period. Similarly, the total addressable aircraft engine outsource market was USD XX billion in 2017. The growth in engine outsource market is expected to be on the higher side due to the ramp ups for the production opportunity in the models for Airbus A350-1000, Boeing 777X, 787-10, COMAC C919, XX, XX, and others. The support from the Engineering Service Providers is expected to be at higher side due to the increasing Avionics capabilities by Boeing during the forecast period.
Research & Development (R&D) Spend
The expenditure involved in R&D activities which includes engineering expenditure, MRO (Manufacturing, Repair and Overhaul), manufacturing engineering for the major aircraft providers will be USD XX billion by 2023, growing at a CAGR of XX%. By Research discipline the Mechanical system holds the highest market share. The Embedded & Software System is expected to gain a significant market share by 2020.
Outsourcing functions associated with a commercial aircraft engine:
• Simulation & Structural Analysis of engine and engine components.
• Creation of 3D model and 2D drawing.
• Engine component design.
• Engine software testing and validation.
• CG reconciliation and Engine weight.
Where they Outsource?
The major outsourcing deals come from the Indian, Americans and European companies.
Boeing Model 777X outsources Engine Software work to XX service provider.
Airbus Model A330 Neo outsources Mechanical Systems work to XX service provider.
Similar information and data will be provided about Rolls Royce, Safran, Rockwell, GECAS, Stella, Thales.
In the last 2 years, the competition among different aircraft engine manufacturers has been growing immensely in the manufacturing engineering activities. Moreover, nowadays, OEMs are moving towards more environment-friendly models like Boeing and Airbus gradually investing in these initiatives indicate their intentions. Furthermore, Boeing has its plan to perform manufacturing processes in-house rather than outsourcing. However, it can be still expected that the testing, inspection, and certification methods will be outsourced by Boeing to XX due to their significant capabilities. Moving forward, most of the civil and military aircraft are equipped with power and electrical systems provided by Safran. Moreover, some of the bracket design works and testing works are outsourced by Safran to a billion-dollar IT company.
Global Commercial Aircraft Engine Outsourcing Market data and insights available exclusively from Sheer Analytics and Insights. Unparalleled in-depth analysis along with industry analysis, outsource analysis, size, share, demand, trend, growth and opportunities forecast in latest market research report titled Global Commercial Aircraft Engine Outsourcing Market (By Engine OEMs – Rolls Royce, Pratt & Whitney, General Electric Aviation, and Safran S.A.) – Global Outsourcing Analysis, Size, Share, Growth, Trends, and Industry Mapping, 2017 – 2025
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Questions answered in the aircraft engine outsource market research report:
1. What part of aircraft engine being outsourced?
2. What is the global aircraft engine outsourcing market size?
3. Which service providers does the aircraft engine manufacturer outsourced their work?
4. Who are the major service providers?
5. Which service providers do what type of outsourced job in aircraft engine?
6. How much aircraft engine manufacturer spend in research & development?
7. What are the major deals for outsource job in aircraft engine?
8. What are the components that are being outsourced in aircraft engine?
9. What are the major outsourcing deals?
TABLE OF CONTENTS
1. Research Methodology, Assumptions, And Acronyms
2. Executive Summary And Market Overview
2.1. Global Commercial Aircraft Engine Outsourcing Market Snapshot
3. Global Commercial Aircraft Engine Outsourcing Market Overview
3.1.1. Global Commercial Aircraft Engine Outsourcing Market Revenue Forecast and Potential Addressable Market
3.1.2. Global Commercial Aircraft Engine Outsourcing Market Snapshot
4. Classification of Outsourcing Functions: By Engine OEMs
4.1.1. Rolls Royce
4.1.2. Pratt & Whitney
4.1.3. General Electric Aviation
5. Overall Strategy (Engine Outsourcing)
5.1.1. Rolls Royce
5.1.2. Pratt & Whitney
5.1.3. General Electric Aviation
6. Global Aircraft Engine Outsourcing Market Trends
6.1.1. 3D Printing
6.1.2. Industry 4.0
6.1.3. Non Destructive Testing
6.1.4. Composite Materials
7. Company Profiles: (Revenue, Product /Brand Offerings, Company Highlights)
7.1. Rolls Royce
7.2. General Electric Aviation
7.3. Pratt & Whitney (P&W)
7.4. Safran S.A.
Note: Similar segmentation will be provided for all companies, and data will be available as per best efforts.
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