Aircraft Engine Market Size Growing at 10.87% CAGR to hit USD 112.61 Million by 2029 | Companies Covered CFM International SA (France),Honeywell International Inc. (U.S.),GE Aviation (U.S.)

The global aircraft engine market size is projected to experience dynamic growth in the upcoming years owing to the increasing air passenger traffic across the world, finds Fortune Business Insights™ in its report, titled "Aircraft Engine Market, 2021-2028". Aircraft engine Market are the combination of numerous components such as composites, stainless steel, and others. The market is projected to grow from USD 54.70 billion in 2022 to USD 112.61 billion by 2029, exhibiting a CAGR of 10.87% during the forecast period. There has been an increasing demand for aircraft engine nacelles from the aerospace and defense industry owing to the rising air passenger traffic around the world, which is projected to propel the growth of this market during the forecast period 2029.

However, the relatively high cost of associated to procure aircraft engine nacelle is anticipated to restrict the growth of this market.

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐄𝐧𝐠𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-engine-nacelle-market-104873

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

This study includes brief information about key products in the global aircraft engine market market followed by an overview of important segments and manufacturers. It also highlights the aircraft engine market industry growth rates, different types, and application. Furthermore, it includes information about study objectives and total years considered for the complete research study.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐞𝐬𝐞𝐧𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

CFM International SA (France)
Honeywell International Inc. (U.S.)
GE Aviation (U.S.)
Rolls-Royce Holdings Plc. (U.K.)
Safran SA (France)
International Aero Engines AG (U.S.)
MTU Aero Engines AG (Germany)
Textron Inc. (U.S.)
United Technologies Corporation (U.S.)

𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬/𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

This research report offers an in-depth study of the driving factors, restraints and trends influencing the growth of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of the strategies adopted by market players to strengthen their position.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

On the basis of type, this market is categorized into rear mounted nacelle, pylons under wing, clipped at wing, and others. Based on material, the market is divided into composites, titanium alloys, nickel chromium, stainless steel, and aluminum alloys. By application, the market is classified into civil jet aircraft, business jet aircraft, private jet aircraft, and others. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, and the Rest of the World.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬/𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:

Growing Investments in Aerospace Industry to Fuel the Market

Over the years, there have been increasing investments in the aerospace industry across the world by various governments due to the increasing number of passenger and defense aircrafts and rising defense strategies by several countries such as India, China, the US, the UK, and others. Thus, this is a crucial factor responsible for the growth of this market across several regions.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/queries/aircraft-engine-nacelle-market-104873

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Increasing Presence of Key Companies to Boost the North America Market Growth

North America region is anticipated to witness considerable growth in the aircraft engine nacelle market share on account of the increasing presence of key aerospace companies in the countries such as the US and Canada.

Asia Pacific region is projected to grow speedily in this market due to the rising demand for fuel-efficient and noise-reducing nacelles in the countries such as India and China.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Rising Production Capabilities to Feed Competition

The prominent companies in the aircraft engine nacelle market are focusing on increasing their production capabilities in this market due to the growing demand for aircraft nacelle from the aerospace and aviation industries worldwide. This has resulted in the increasing competition among key companies which will enable them to diversify their product portfolio and broaden their market presence.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

October 2020: Saertex and Safran had signed a contract for multiaxial carbon fiber fabrics. According to the contract SAERTEX is supplying the multiaxial carbon fiber fabrics for Safran to produce engine nacelles for several aircrafts by using the infusion technology.

𝐓𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞:
https://www.fortunebusinessinsights.com/checkout-page/101766

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This release was published on openPR.