Aircraft Engines Market is expected to grow at a CAGR of 6.4% from 2017 - 2022

The global aircraft engines market is foreseen to draw a handsome demand owing to the rising requirement of advanced and new commercial and private aircrafts. This could be because of the foray of new airline companies into the industry and network expansion of firms currently operating in the market. The ongoing need to supersede or replace out of date aircrafts could be another factor improving the demand for aircraft engines. GE Aviation’s introduction of the M601H-80 Turboprop Derivative Engine II-49 and other new trends along with fast technological advancement could result in the speedy substitution of older aircrafts.

The global aircraft engines market is foretold by Transparency Market Research (TMR) to earn a revenue of US$92.3 bn by the end of 2022 at a 6.4% CAGR. In 2017, the market bagged a revenue of US$67.8 bn.

View Full Report TOC, Figures and Tables: https://www.transparencymarketresearch.com/aircraft-engine-market.html

The international aircraft engines market is prognosticated to fortify its growth while taking advantage of the snowballing size of air passenger traffic powered by economic development in several nations of the world. The demand for fuel-efficient aircrafts is prophesied to propel due to popular trends observed in the markets for different aircraft equipment. As a result, airline carriers could be encouraged to launch more budget aircrafts, further advancing the growth of the market.

Canada holding a leading position in the manufacturing of turbine-powered aviation engines for commercial and business copters and aircrafts is foreknown to up the growth of North America. On the other hand, Asia Pacific could ride on the buildout of inter-regional trade in India and China.

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27203

The international aircraft engines market is anticipated to be segregated as per application and product, where each category could include a leading segment. In terms of application, the market is predicted to be classified into commercial, military, and general. Out of these applications, commercial could exhibit a dominating revenue of US$46.0 bn by the completion of 2022. It could rise a CAGR of 6.7% and showcase a higher absolute growth of US$2.5 bn annually. According to a categorization by product, the market is expected to witness the presence of segments such as turbofan, turboprop, and turboshaft.

Request to Download Brochure of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27203

On the basis of regional segmentation, the international aircraft engines market is envisioned to include key segments such as North America, which could dominate with a colossal revenue share. By the closure of 2022, this region could earn a valuation of US$41.2 bn. Japan, however, could be among the lethargically growing markets, which is envisaged to bag a US$5.8 bn by the same year. Europe and the Middle East and Africa (MEA) could gather a closer revenue earning by the end of the forecast period. Asia Pacific Excluding Japan (APEJ) is projected to exhibit a speedier growth in the market. In 2017, APEJ collected a share of 15.6%.

Some of the prominent companies looking to strengthen their status in the worldwide aircraft engines market are forecast to be Rolls-Royce plc, GE Aviation, Pratt & Whitney, CFM International, Engine Alliance, IAE International Aero Engines AG, MTU Aero Engines, Safran, and Honeywell Aerospace.

Global Aircraft Engines Market Report is available @ US$ 5795 : http://www.transparencymarketresearch.com/checkout.php?rep_id=27203<ype=S

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.