Press release
Aircraft Micro Turbine Engines Market worth $61 million by 2030
The report "Aircraft Micro Turbine Engines Market by End-Use, Engine Type, Platform (VTOL, Air Taxi, Cargo Aerial Vehicle, Business Jet, Ultra-Light Aircraft, Military Trainer Aircraft, and Military UAV), Horsepower, Fuel Type, Application, and Region-Global Forecast to 2030", is estimated to be worth USD 26 million in 2021 and is projected to reach USD 61 million by 2030, at a CAGR of 10.0% from 2021 to 2030. Major OEMs and aircraft manufacturers across the world are focusing on the development of advanced electric power generation systems for aircraft. Manufacturers are investing significantly in research & development to curb emission levels and reduce operating costs. Research activities around the development of aircraft micro turbine engines have increased over the last few years due to the introduction of technologically-advanced aircraft (such as hybrid and fully electric aircraft) and awareness around the various advantages aircraft micro turbine engines offer over traditional engines, such as reduced emissions, enhanced efficiency, lower fuel consumption, and reduced operating costs.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248924999
The VTOL segment is estimated to grow at the highest rate in the aircraft micro turbine engines market across the forecast period
Based on platform, the VTOL segment is estimated to surge with the highest growth rate throughout the forecast period. The development of VTOL aircraft is aimed at providing quick mobility in urban regions across the world. With a large population dwelling in urban areas, the time spent by a passenger in traffic has increased, resulting in the need for quick mobility services. Companies such as Airbus (France) and Boeing (US) are investing in research and development around electric and hybrid VTOL aircraft. VTOL developers are focusing on a hybrid-electric power generation system to enhance the reach of such aircraft platforms. For instance, Rolls-Royce (US) announced the development of a comprehensive hybrid aerospace turbine engine that is expected to be available for experimental flights after 2021. The development includes a prototype of the APUS i-5 aircraft to demonstrate the commercial applications of hybrid-electric technology. The system could be used across a wide range of transportation platforms, including VTOLs, to enable distributed electric propulsion in aircraft.
The urban air mobility segment is estimated to surge with a prominent growth rate in the aircraft micro turbine engines market throughout the forecast period
Based on application, the urban air mobility segment is estimated to surge with the highest growth rate across the forecast period. Urban air mobility vehicles with hybrid-electric propulsion that can take off from and land on any suitable surface are in the development stage, making this a futuristic market. According to the Vertical Flight Society, the rising number of players focusing on the development of electric or hybrid-electric VTOLs is expected to lead to the production of 42,000 eVTOL aircraft by 2035. The greater the number of electric or hybrid-electric VTOL aircraft being manufactured, the higher will be the demand for micro turbine engines to power these aircraft. Similarly, commercial applications of aerial vehicles, such as air taxis, will further increase the penetration of aircraft micro turbine engines across the forecast period.
North America is projected to lead the aircraft micro turbine engines market from 2021 to 2030
Based on region, North America is expected to witness the largest share of the global aircraft micro turbine engines market during the forecast period. The US is projected to be the leading contributor to the North American aircraft micro turbine engines market, driven by large investments in the development of electric or hybrid-electric aircraft and the emergence of several startups supporting the evolution of micro turbine engines in the aviation industry. In recent years, aerial vehicle manufacturers in the region have been focusing on the development of aircraft that are cost-effective, energy-efficient, lightweight, and capable of carrying large payloads over long distances.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=248924999
The aircraft micro turbine engines market has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major players in the aircraft micro turbine engines market include Honeywell International Inc. (US), UAV Turbines, Inc. (US), Kratos Defense & Security Solutions, Inc. (US), Rolls-Royce Holdings plc (US), and Turbotech SAS (France).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Aircraft Micro Turbine Engines Market worth $61 million by 2030 here
News-ID: 2318412 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for VTOL
Global Fixed Wing VTOL Aircraft Market Size & Trends
According to a new market research report published by Global Market Estimates, the global fixed wing VTOL aircraft market is projected to grow at a CAGR of 23.8% from 2023 to 2028.
The growth of the global fixed wing VTOL aircraft market is driven by increasing applications, such as surveillance, reconnaissance, agriculture, logistics, and search and rescue, rise of urban air mobility concepts, advancements in aerospace technologies, and increasing investments from…
VTOL UAV Market Current Scenario and Future Prospects
The Latest Released VTOL UAV market study has evaluated the future growth potential of VTOL UAV market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
MILVUS with VTOL Fixed Wing UAV | PRENEU
PRENEU Co., Ltd. is a brand specializing in the production of drones and is relentlessly committed to meeting market needs and improving technology. PRENEU started its business in the drone market by launching drone flight controllers in 2017 under the corporate mission of providing customers with customized value-added drone through the convergence of its original IoT sensor technology and aviation technology.
Starting with the distribution of drones for training purposes, PRENEU…
Multipurpose VTOL Fixed Wing UAV | PRENEU
PRENEU is a brand specializing in the production of drones and is relentlessly committed to meeting market needs and improving technology. PRENEU started its activities in the drone market by launching DRONEiT in 2017, with the mission of providing customers personalized added value through the convergence of its original IoT sensor technology and aeronautical technology with various other industries.
Starting with the distribution of drones for training purposes, PRENEW has expanded…
UAV Drone with VTOL Fixed Wing function | PRENEU
PRENEU is a brand specialized in drones manufacturer and is ceaselessly challenging and striving to meet market needs and improve technology.
PRENEU started business in the drone market by launching DRONEiT in 2017, with the mission to provide customers with customized value added through the convergence of its original IoT sensor technology and aviation technology with various other industries.
Starting with the distribution of drones for training purposes, PRENEW have expanded its…
VTOL Smart Commercial Drones Market 2021 | Detailed Report
The VTOL Smart Commercial Drones research report undoubtedly meets the strategic and specific needs of the businesses and companies. The report acts as a perfect window that provides an explanation of market classification, market definition, applications, market trends, and engagement. The competitive landscape is studied here in terms of product range, strategies, and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the…