Press release
Aircraft Engine & Parts Market to See Huge Demand by 2030: GE Aviation, Thales, DuPont
Aircraft Engine & Parts Market
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Summary
Aircraft Engine & Parts Market Scope
An aircraft Engine or aero-engine is the power component of an aircraft propulsion system. The aircraft engine provides mechanical force to power the aircraft and associated accessories necessary for flight. Different types of engines are used according to the desired performance. However, engines can be placed either on the front or back of an aircraft and are encased in a cover called a cowling, which direct airflow and assist powerplant cooling systems.
The Aircraft Engine & Parts market study is segmented by Type (Propeller, Landing Gear, Control System and Other), by Application (Military and Civil) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at HTF MI estimates that United States Manufacturers will contribute to the maximum growth of Global Aircraft Engine & Parts market throughout the predicted period.
GE Aviation (United States), Pratt & Whitney (United States), Kawasaki Heavy Industries (Japan), Rolls-Royce (United Kingdom), Zodiac Aerospace (France), Thales Group (France), Safran S.A. (France), DuPont (United States), The Boeing Company (United States) and Lockheed Martin Corporation (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
HTF MI Research has segmented the market of Global Aircraft Engine & Parts market by Type, Application and Region.
On the basis of geography, the market of Aircraft Engine & Parts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In March 2021, GE Aviation announced the combination of GECAS and AerCap to strengthen GE's performance, operations, and culture. The combined company will be one of aviation leasing's leading franchises, bringing together complementary portfolios across aircraft, engines, and helicopters
In June 2021, GE and Safran decided to develop a new open-bladed jet engine to reduce fuel use and emissions. The system will contain hybrid-electric propulsion and be capable of running on 100% sustainable fuel or hydrogen, an energy source favored by Airbus. According to the CEO of GE Aviation, the new engine would be ready to compete for whatever jet might be launched and challenged other engine makers to compete with the technology.
Market Trend
Increasing Investment in R&D of Fuel-efficient and Lower Weight Aircraft Engines
Market Drivers
Increased Manufacturing of Aircrafts Due to Rapidly Increasing Air Traffic Across the Globe
Opportunities
The Expansion of Airline Industry Across the Globe
Restraints
Volatility in the Raw Material Cost Due to Fluctuations in Currency Rates
Challenges
Some of the Engines and Parts Require Extensive Maintenance
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Aircraft Engine & Parts Manufacturers, Suppliers and Distributors of Aircraft Engine & Parts, Raw Material Manufacturers of Aircraft Engine & Parts, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Aircraft Engine & Parts Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.
Get Customization in the Report, Enquire Now @ https://www.htfmarketreport.com/enquiry-before-buy/4142362-global-aircraft-engine-parts-market-12
Strategic Points Covered in Table of Content of Global Aircraft Engine & Parts Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Aircraft Engine & Parts Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic information of the Global Aircraft Engine & Parts Market Insights by Application, Product Type, Competitive Landscape
....Continued
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It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
Contact Us:
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketreport.com
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
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