Aircraft Micro Turbine Engine Market Evaluating the Strengths and Weaknesses of Key Market Players in 2023

The global aircraft micro turbine engine market was valued at USD 30.1 million in 2021 and is expected to reach USD 57.12 million by 2030, growing at a CAGR of 10.4% during the period of 2022-2030.

The primary factors driving this growth are the focus of major original equipment manufacturers (OEMs) and aircraft manufacturers on developing engines that reduce carbon emissions and increase efficiency.

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Major market players included in this report are Honeywell International Inc., UAV Turbines, Inc., Turbotech SAS, PBS Group, GE Aviation, AMT Netherlands B.V., Williams International, Micro Turbine Technology B.V., BF-Turbines, Kratos Defense & Security Solutions, Inc., Elliott Group, Sentient Blue Technologies, Rolls-Royce Holdings plc, JetCat Americas, JetsMunt SL, Stuttgart Engineering Propulsion Technologies UG, Lambert Microturbine, Hawk Turbine AB, Bowman, Brayton Energy.

The objective of this study is to define the market sizes of different segments and countries in recent years and forecast their values for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country involved in the study. It provides detailed information about driving factors, challenges, opportunities, competitive landscape, and product offerings of key players.

The market segments and sub-segments are as follows:

By Platform:
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV

By Horsepower:
- 5-50 HP
- 50-100 HP
- 100-200 HP

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By Engine Type:
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines

By Fuel Type:
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel

By Application:
- Civil Aviation
- Urban Air Mobility (UAM)
- Unmanned Aircraft
- Military Aviation

By End-Use:
- OEM
- Aftermarket

The regional analysis covers North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific), South America (Brazil, Argentina, Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).

The study considers historical years as 2017 and 2020, the base year as 2021, and the forecast period from 2022 to 2030.

The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.

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