Aircraft Turbofan Engine 2019 Global Market Key Players – GE Aviation, Pratt & Whitney, Safran Aircraft Engines, Rolls Royce, CFM International, Honeywell International, Engine Alliance – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Aircraft Turbofan Engine Market – Trends & Forecast, 2017-2023” New Document to its Studies Database

Growing environmental awareness among individuals across the globe has been pushing the aircraft engine manufacturers to shift their focus towards efficiency. Manufacturers are focused on the production of aircraft engines that significantly curb carbon emissions and are fuel efficient at the same time. Of late, the manufacturers employ the application of composites on fan blades and other components, which results in reduction in the weight of engines to up to 1,000 pounds on average. This, in turn, delivers higher fuel efficiency for an aircraft engine.

The increasing demand for fuel efficient and light weight engines is one of the primary factors driving the aircraft turbofan engine market in the recent years. With most of the major manufacturers competing in the market and trying to acquire a higher market share by delivering higher quality products as compared to their competitors the market is expected to grow at a very high CAGR. Therefore, the global aircraft turbofan engine market is expected to grow at a CAGR of approximately 6%, during the forecast period.

Regional Analysis
In 2016, the Americas were the leading the aircraft turbofan engine market. A number of the major engine manufacturers (such as Pratt & Whitney and GE Aviation) are present in the region, gaining the region a high market share. The Americas are home to few of the world's most renowned commercial aircraft and business jet manufacturers, i.e., Boeing, Bombardier, Gulfstream, and Embraer. The U.S., in particular, is making substantial investments in producing advanced turbofan engines, which will be integrated across modern fighter jets and MEA such as Boeing 787. Although, Brazil and Canada make some investments in the development of these engines, yet the market is primarily dominated by the US. As a result, it is expected that the aircraft turbofan engine market in the Americas would grow at a CAGR of approximately 7%, during the forecast period.

Key Players
The key players of aircraft turbofan engine market include GE Aviation, Pratt & Whitney, Safran Aircraft Engines, Rolls Royce, CFM International, Honeywell International, Engine Alliance, MTU Aero Engines, International Aero Engines AG, and Aviadvigatel.

 

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In 2016, CFM International, GE Aviation, and Pratt & Whitney accounted for a market share of approximately 75%.
Objective of the Global Aircraft Turbofan Engine Market, Analysis & Forecast, from 2017 to 2023
• To provide insights about factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on aircraft type and application.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Manufactures 
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute 
• Potential investors
• Key executive (CEO and COO) and strategy growth manager

Key Findings
• On the basis of aircraft type, the market is segmented as Wide body Aircraft and Narrow body Aircraft. Narrow-body Aircraft is projected to grow at the highest CAGR of ~6% during the forecast period. 
• Market categorization based on applications includes Commercial Air Transport and military Aviation. Commercial Air Transport Segment held the largest share with ~6.5% CAGR within the market during the forecast period.
• Americas dominates the global aircraft turbofan engine market with 42% of share in 2016, in terms of value. It is expected to grow at a CAGR of ~7% during the forecast period. EMEA is expected to grow at a CAGR of ~5.60 % during the forecast period and reach a market size of USD ~14000 million by 2023.

The regional analysis also includes -
• America
o U.S.
o Canada
o Rest of Americas
• EMEA
o U.K.
o Russia
o France
o Rest of EMEA
• Asia-Pacific
o China
o Japan
o Rest of Asia-Pacific

 

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Table Of Contents:      

1 Executive Summary 12
2 Introduction 14
2.1 Definition 14
2.2 Scope of the Study 14
2.3 Assumptions 14
2.4 Market Structure 15
2.5 Key Takeaways of the Market 15
3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19
….

12 Company Profiles 71
12.1 GE Aviation 71
12.1.1 Company Overview 71
12.1.2 Financial Overview 71
12.1.3 Product/Service Offering 72
12.1.4 GE Aviation: Key Developments 73
12.1.5 GE Aviation: SWOT Analysis 73
12.2 Pratt & Whitney 74
12.2.1 Company Overview 74
12.2.2 Financial Overview 74
12.2.3 Product/Business Offering 75
12.2.4 Key Developments 76
12.2.5 SWOT Analysis 77
12.3 Rolls-Royce 78
12.3.1 Company Overview 78
12.3.2 Financial Overview 78
12.3.3 Product/Service Offering 80
12.3.4 Key Developments 80
12.3.5 Rolls-Royce: SWOT Analysis 81
12.4 International Aero Engines 82
12.4.1 Company Overview 82
12.4.2 Financial Overview 82
12.4.3 Product/Service Offering 82
12.4.4 Key Developments 82
12.5 Safran Aircraft Engines 84
12.5.1 Company Overview 84
12.5.2 Financial Overview 85
12.5.3 Product/Service Offering 85
12.5.4 Key Development 86
12.5.5 Safran Aircraft Engines: SWOT Analysis 86

Continued…….                                                      

 

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