Press release
Jet Engines Market to reach USD 94.39 Bn by 2029, Technological Advancements and Growth Opportunities
Jet Engines Market
Jet Engines Market Report Scope and Research Methodology
Jet engines are internal combustion reaction engines that generate thrust by propulsion and power for aircraft and rockets. The market offers various types of jet engines such as turbofan, ramjet, turboprop, and turbojet. The increasing preference for air travel and the rising use of jet engines in the military and commercial aviation sectors are driving the global jet engine market. Additionally, the advantages of jet engines, such as better performance, simple design, and higher speeds, are propelling market growth. The rising standard of living in developing countries such as India and Mexico, along with investments in the aviation industry, is expected to boost the market growth.
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The report provides a comprehensive analysis of the global jet engines market by conducting a revenue impact analysis of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disruptors. The report also includes Porter's Five Forces, SVOR, and PESTEL analysis with the potential impact of micro-economic factors of the market.
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Jet Engines Market Dynamics
The high initial cost of jet engines is a major factor hindering the growth of the market. The COVID-19 pandemic has disrupted the supply chain, affecting the manufacturers who are dependent on global sourcing, which is hindering the growth of the market. The airline sector is currently facing zero profits, further limiting the market's growth. The rules and regulations of CO2 emission norms are also hampering the growth of the market.
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The global jet engines market can be segmented by technology, application, platform, and region. Airlines are focusing on increasing efficiency and fuel consumption, which is provided by the turbofan engine segment. Turbojet engines provide the highest thrust, and aircraft travel at mach 4 speed, increasing the demand for turbojet. The commercial aviation segment is expected to drive the global jet engines market due to a large number of aircraft shares.
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Jet Engines Market Regional Insights
North America is dominating the global jet engines market due to the increase in the aerospace sector. The presence of key aircraft manufacturers in this region is driving the market. The manufacturers are spending a large revenue on research and development to provide efficient and less fuel consumption engines. The increasing disposable income and spending power of people in this region is fueling the market's growth over the forecast period. Asia Pacific is projected to be the fastest-growing market for jet engines, supported by rising passenger traffic in the region.
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Jet Engines Market Segmentation
By Technology:
Turboprop engine
Turbofan engine
Turbojet engine
Pulsejet engine
Others
By Application:
Military aviation
Business aviation
Commercial aviation
By Platform:
Rotary wings
Fixed wings
Jet Engines Market Key Competitors include:
Rolls Royce
Pratt & Whitney
Safran
Eurojet
Klimov
Boeing
Safran SA
CFM International
PowerJet
Honeywell Aerospace
General Electric Aviation
Engine Alliance
MTU Aero Engines AG
International Aero Engines
Walter
Table of Content for Jet Engines Market
Global Jet Engines Market: Research Methodology
Global Jet Engines Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Jet Engines Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Jet Engines Market Segmentation
Global Market, by Technology (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Platform (2021-2029)
Regional Jet Engines Market (2021-2029)
Regional Market, by Technology (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Platform (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Technology, Application Platform and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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