Press release
Aircraft Turbofan Engine Market is Fastest Growing Industry and It will Significant Growth During the Forecast Period 2023
Global Aircraft Turbofan Engine Market Information Report by Aircraft Type (Narrowbody, Widebody, and others) by Application (Commercial air transport and military aviation), and by Regions (Americas, APAC, and EMEA) - Global Forecast To 2023The market for global aircraft turbofan engine market is expected to witness a significant growth during the forecast period. Increasing demand for fuel efficient and lightweight aircraft is expected to result in increasing investments on technologically advanced turbofan engines and in turn contribute towards the growth of the market. In addition, with Airbus and Boeing accruing several thousand backlogs of fuel efficient aircraft, which would simultaneously translate into several subsequent years of the production of turbofan engines. Moreover, the increasing government regulations for reducing carbon emissions would act as another major driver for the aircraft turbofan engine market.
However, certain factors such as the high costs of development for the engines coupled with the rigorous certification processes are expected to act as restraints for the market growth.
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The Americas region is expected to dominate the global aircraft turbofan engine market mainly due to presence of major market players in the North American region. However, due to the growing demand of fuel efficient aircraft in emerging economies such as India and China will result in the APAC region registering a high growth rate during the forecast period.
The key players of global aircraft turbofan engine market are
• GE Aviation
• Pratt & Whitney
• Safran Aircraft Engines
• CFM International
• International Aero Engines AG
• Rolls Royce
• MTU Aero Engines
• Honeywell International
• Engine Alliance
• EuroJet
• Aviadvigatel
The Americas region is expected to dominate the global aircraft turbofan engine market mainly due to presence of major market players in the North American region. However, due to the growing demand of fuel efficient aircraft in emerging economies such as India and China will result in the APAC region registering a high growth rate during the forecast period.
On the basis of aircraft type, the market has been segmented on the basis of narrowbody, widebody, and other aircraft. The narrowbody aircraft are expected to dominate the global aircraft turbofan engine market, during the forecast period.
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Study Objectives of Global Aircraft Turbofan Engine Market
• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global aircraft turbofan engine market
• To provide insights about factors affecting the market growth
• To analyze the global aircraft turbofan engine market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by material type, application and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Aircraft Turbofan Engines market
The report for Global Aircraft Turbofan Engine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Table of Contents
1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
5 Automated Weapon Systems Market, By Type
5.1 Introduction
5.1.1 Narrowbody
5.1.2 Widebody
5.1.3 Others
6 Automated Weapon Systems Market, By Region
6.1 Introduction
6.1.1 North America
6.1.1.1 US
6.1.1.2 Canada
6.1.2 Europe
6.1.2.1 Germany
6.1.2.2 France
6.1.2.3 UK
6.1.2.4 Italy
6.1.2.5 Spain
6.1.2.6 Rest of Europe
6.1.3 Asia Pacific
6.1.3.1 Japan
6.1.3.2 China
6.1.3.3 India
6.1.3.4 South Korea
6.1.3.5 Rest of Asia Pacific
6.1.4 Middle East & Africa
7 Company Landscape
7.1 Introduction
7.1.1 Mergers Acquisitions
7.1.2 Collaborations
7.1.3 Release/New Product Launches
7.1.4 Other (Expansion, Updates, Partnership)
8 Company Profile
8.1 GE Aviation
8.1.1 Company Overview
8.1.2 Product/Business Segment Overview
8.1.3 Financials
8.1.4 Key Developments
8.2 Pratt & Whitney
8.2.1 Overview
8.2.2 Product/Business Segment Overview
8.2.3 Financials
8.2.4 Key Developments
8.3 Safran Aircraft Engines
8.3.1 Overview
8.3.2 Product/Business Segment Overview
8.3.3 Financials
8.3.4 Key Developments
8.4 CFM International
8.4.1 Overview
8.4.2 Product/Business Segment Overview
8.4.3 Financials
8.4.4 Key Developments
8.5 International Aero Engines AG
8.5.1 Overview
8.5.2 Product/Business Segment Overview
8.5.3 Financials
8.5.4 Key Developments
8.6 Rolls Royce
8.6.1 Overview
8.6.2 Product/Business Segment Overview
8.6.3 Financials
8.6.4 Key Developments
8.7 MTU Aero Engines
8.7.1 Overview
8.7.2 Product/Business Segment Overview
8.7.3 Financials
8.7.4 Key Developments
8.8 Honeywell International
8.8.1 Overview
8.8.2 Product/Business Segment Overview
8.8.3 Financials
8.8.4 Key Developments
8.9 Engine Alliance
8.9.1 Overview
8.9.2 Product/Business Segment Overview
8.9.3 Financials
8.9.4 Key Developments
9 Appendix
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand
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