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Aircraft Micro Turbine Engine Market

Aircraft Micro Turbine Engine Market by Engine Type (Turboshaft and Turbojet), Distribution Channel (OEM and Aftermarket), and Application (Civil, Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A07204
Pages: 241
Oct 2021 | 2256 Views
   
Author(s) : Himanshu Joshi , Sonia Mutreja
Tables: 104
Charts: 54
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global aircraft micro turbine engine market was valued at $34.8 million in 2020, and is projected to reach $75.9 million in 2030, registering a CAGR of 9.0%.

The rapid spread of COVID-19 had a significant impact on the global aircraft micro turbine engine market in 2020, owing to the implementation of strict lockdown measures, and the disruption in the supply chain of required materials across the world. COVID-19 pandemic led to several challenges for the aviation sector including logistics challenges, supply-demand gap, among others. On the other hand, the aircraft micro turbine engine manufacturers had to reduce expansion and R&D investments to withstand the decline in revenue and operating performance of the airline industry. The challenges such as manufacturing difficulties and low demand for aircraft engines amid stringent lockdown measures and grounding of aircraft throughout the world were observed throughout 2020 and mid-2021, and the demand for aircraft engine engines is expected to resume back in pre-COVID-19 levels only after a few years.

Aircraft micro turbine engine is a small-sized combustion turbine that utilizes micro combustion to offer cogeneration to utilize heat & electricity at the same time. It is preferred due to its features such as utilization of a variety of fuels, small size, and efficiency. As aircraft micro engines are compact, they utilize very small space to fit in and save space for other components in design 

Aircraft-Micro-Turbine-Engine-Market

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The market segmentation is based on engine type, distribution channel, application, and region. The engine type segment is further divided into turboshaft and turbojet. Based on distribution channel, the market is divided into OEM and aftermarket. By application, the market is fragmented into civil, defense, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Competitive analysis and profiles of the major aircraft micro turbine engine market players include AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, and Williams International.

Aircraft Micro Turbine Engine Market
By Engine Type

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Turboshaft is projected as the most lucrative segments

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Increase in air passenger traffic across the globe

According to International Civil Aviation Organization’s (ICAO) yearly worldwide statistics, the total number of commuters carried on scheduled flights rose to 4.38 billion in 2019, which was 3.65% higher than the previous year. Highest passenger traffic was witnessed in Asia-Pacific. In October 2018, the International Air Transport Association (IATA) publicized that current developments in air transport project that the passenger count could double to 8.2 billion in 2037. The COVID-19 pandemic led to a severe downfall in air traffic figures. Although recently, in May 2021, the International Air Transport Association (IATA) stated that the global air passenger traffic is anticipated to recover to almost 88% of pre-COVID levels during 2022, and is projected to outdo this level during 2023. This signifies a robust demand for air travel globally.

The abovementioned statistics indicate considerable rise in air passenger traffic over the years internationally. This rise would result in tremendous surge in demand for new aircraft and new & overhauled aircraft components throughout the world, which would directly impact the sales of aircraft micro turbine engines throughout the world. Thus, the rise in air traffic is anticipated to drive the growth of the aircraft micro turbine engine market during the forecast period.  

Aircraft Micro Turbine Engine Market
By Distribution Channel

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OEM is projected as the most lucrative segments

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Low operating & maintenance costs

Micro turbine technology offers several potential advantages compared to other technologies for small-scale power generation, including compact size, lightweight nature, lesser number of moving parts, higher efficiencies, lower emissions, and capability to utilize waste fuels. In addition, waste heat recovery can also be used with micro turbine systems so as to achieve efficiencies higher than 80%.

Attributed to their small size, relatively low capital costs, low operations and maintenance costs, and automatic electronic control, aircraft micro turbine engines are expected to witness significant demand during the forecast period. Moreover, R&D activities regarding the development of aircraft micro turbine engines have amplified over the last few years owing to the advent of technologically-advanced aircraft along with benefits such as reduced emissions, enhanced efficiency, and lower fuel consumption that are expected to fuel the growth of the aircraft micro turbine engine market during the forecast period.

Aircraft Micro Turbine Engine Market
By Application

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Civil is projected as the most lucrative segments

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High costs of micro turbine engines

Aviation is a capital-intensive industry. Even a smallest part has to be tested and improved several times before it can be installed in an aircraft. This adds up the cost of R&D for aircraft components. Moreover, manufacturers have to obtain a certificate by aviation agencies such as Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) prior to the production of aircraft parts, including micro turbine engines before fitting them in respective aircraft models. Moreover, the maintenance & repair costs of used engines add up to the overall costs of aircraft micro turbine engines, thus acting as a restraint to the market growth.

Increase in procurement of military aircraft amid rise in geopolitical tensions

Currently, the world is witnessing rise in geopolitical tensions. Countries in the Middle East and Asia, for instance, China, India, Pakistan, Afghanistan, North Korea, Israel, Palestine, and others, are the epicenter of global conflicts. To be ready for war-like situations, several countries have placed orders with military aircraft manufacturers. Various countries have increased their defense spending to acquire modern defense equipment to enhance their defense capabilities. The global military expenditure has seen exponential growth in recent years. According to Stockholm International Peace Research Institute (SIPRI), the global military expenditure reached $1,981 billion in 2020 with a 2.6% year-on-year increase. The military expenditure accounted for 2.4% of the global gross domestic product in 2020. Thus, increase in global military expenditure has augmented the adoption of modern, more lethal warfare systems, including highly efficient aircraft micro turbine engines. Rise in defense spending by numerous countries globally is expected to propel the growth of the aircraft micro turbine engine market during the forecast period.

Aircraft Micro Turbine Engine Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 9.1% during 2021-2030.

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COVID-19 impact analysis 

  • The COVID-19 impact on the aircraft micro turbine engine market is unpredictable, and is expected to remain in force till the second quarter of 2021. 
  • The COVID-19 outbreak forced the governments to impose stringent lockdown measures that resulted in flight cancellations and ban on e-commerce services, which led to massive decline in commercial aviation and logistics activities across the world. 
  • Moreover, nationwide lockdown disrupted the supply chains, as several manufacturing facilities across the globe had to partially or fully shut down their operations.
  • The adverse impacts of the COVID-19 pandemic resulted in huge supply–demand issues and resulted in long delays in activities of aircraft micro turbine engine operations globally.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global aircraft micro turbine engine market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall aircraft micro turbine engine market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global aircraft micro turbine engine market with a detailed impact analysis.
  • The current aircraft micro turbine engine market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Engine Type

  • Turboshaft
  • Turbojet

By Distribution Channel

  • OEM
  • Aftermarket

By Application

  • Civil
  • Defense
  • Others    

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • AeroDesignWorks GmbH
  • Elliott Company
  • General Electric Company
  • Honeywell International Inc.
  • Kratos Defense & Security Solutions, Inc.
  • Micro Turbine Technology B.V.
  • PBS Group. a.s.
  • Sentient Blue Technologies 
  • Turbotech SAS
  • Williams International
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.4.Key player positioning, 2020
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in air passenger traffic across the globe
3.5.1.2.Low operating & maintenance costs

3.5.2.Restraint

3.5.2.1.High costs of micro turbine engines

3.5.3.Opportunity

3.5.3.1.Increase in procurement of military aircraft amid rise in geopolitical tensions

3.6.COVID-19 impact analysis

3.6.1.Evolution of outbreak
3.6.2.Micro economic impact analysis

3.6.2.1.Consumer trends
3.6.2.2.Technology trends
3.6.2.3.Regulatory trends

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.Impact on the aircraft micro turbine engine industry

CHAPTER 4:AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE

4.1.Overview
4.2.Turboshaft

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Turbojet

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL

5.1.Overview
5.2.OEM

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Aftermarket

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION

6.1.Overview
6.2.Civil

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Defense

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Others

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

CHAPTER 7:AIRCRAFT MICRO TURBINE ENGINE MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by Engine Type
7.2.3.Market size and forecast, by Distribution Channel
7.2.4.Market size and forecast, by Application
7.2.5.Market size and forecast, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by Engine Type
7.2.5.1.2.Market size and forecast, by Distribution Channel
7.2.5.1.3.Market size and forecast, by Application

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by Engine Type
7.2.5.2.2.Market size and forecast, by Distribution Channel
7.2.5.2.3.Market size and forecast, by Application

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by Engine Type
7.2.5.3.2.Market size and forecast, by Distribution Channel
7.2.5.3.3.Market size and forecast, by Application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by Engine Type
7.3.3.Market size and forecast, by Distribution Channel
7.3.4.Market size and forecast, by Application
7.3.5.Market size and forecast, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by Engine Type
7.3.5.1.2.Market size and forecast, by Distribution Channel
7.3.5.1.3.Market size and forecast, by Application

7.3.5.2.UK

7.3.5.2.1.Market size and forecast, by Engine Type
7.3.5.2.2.Market size and forecast, by Distribution Channel
7.3.5.2.3.Market size and forecast, by Application

7.3.5.3.France

7.3.5.3.1.Market size and forecast, by Engine Type
7.3.5.3.2.Market size and forecast, by Distribution Channel
7.3.5.3.3.Market size and forecast, by Application

7.3.5.4.Russia

7.3.5.4.1.Market size and forecast, by Engine Type
7.3.5.4.2.Market size and forecast, by Distribution Channel
7.3.5.4.3.Market size and forecast, by Application

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by Engine Type
7.3.5.5.2.Market size and forecast, by Distribution Channel
7.3.5.5.3.Market size and forecast, by Application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by Engine Type
7.4.3.Market size and forecast, by Distribution Channel
7.4.4.Market size and forecast, by Application
7.4.5.Market size and forecast, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by Engine Type
7.4.5.1.2.Market size and forecast, by Distribution Channel
7.4.5.1.3.Market size and forecast, by Application

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by Engine Type
7.4.5.2.2.Market size and forecast, by Distribution Channel
7.4.5.2.3.Market size and forecast, by Application

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by Engine Type
7.4.5.3.2.Market size and forecast, by Distribution Channel
7.4.5.3.3.Market size and forecast, by Application

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by Engine Type
7.4.5.4.2.Market size and forecast, by Distribution Channel
7.4.5.4.3.Market size and forecast, by Application

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by Engine Type
7.4.5.5.2.Market size and forecast, by Distribution Channel
7.4.5.5.3.Market size and forecast, by Application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by Engine Type
7.5.3.Market size and forecast, by Distribution Channel
7.5.4.Market size and forecast, by Application
7.5.5.Market size and forecast, by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by Engine Type
7.5.5.1.2.Market size and forecast, by Distribution Channel
7.5.5.1.3.Market size and forecast, by Application

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by Engine Type
7.5.5.2.2.Market size and forecast, by Distribution Channel
7.5.5.2.3.Market size and forecast, by Application

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by Engine Type
7.5.5.3.2.Market size and forecast, by Distribution Channel
7.5.5.3.3.Market size and forecast, by Application

CHAPTER 8:COMPANY PROFILES

8.1.AeroDesignWorks GmbH

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Product portfolio
8.1.5.Key strategic moves and developments

8.2.ELLIOTT COMPANY

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Product portfolio
8.2.5.Key strategic moves and developments

8.3.GENERAL ELECTRIC COMPANY

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.HONEYWELL INTERNATIONAL INC.

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance
8.4.6.Key strategic moves and developments

8.5.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

 

8.6.Micro Turbine Technology B.V.

8.6.1.Company overview
8.6.2.Key executives
8.6.3.Company snapshot
8.6.4.Product portfolio

8.7.PBS GROUP, A. S.

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio
8.7.4.Key strategic moves and developments

8.8.SENTIENT BLUE TECHNOLOGIES

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Product portfolio
8.8.5.Key strategic moves and developments

8.9.TURBOTECH SAS

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Product portfolio

8.10.Williams International

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Product portfolio
8.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 02.AIRCRAFT MICRO TURBINE ENGINE MARKET FOR TURBOSHAFT, BY REGION 2020–2030 ($MILLION)
TABLE 03.AIRCRAFT MICRO TURBINE ENGINE MARKET FOR TURBOJET, BY REGION 2020–2030 ($MILLION)
TABLE 04.AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 05.AIRCRAFT MICRO TURBINE ENGINE MARKET FOR OEM, BY REGION 2020–2030 ($MILLION)
TABLE 06.AIRCRAFT MICRO TURBINE ENGINE MARKET FOR AFTERMARKET, BY REGION 2020–2030 ($MILLION)
TABLE 07.AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 08.AIRCRAFT MICRO TURBINE ENGINE MARKET FOR CIVIL, BY REGION 2020–2030 ($MILLION)
TABLE 09.AIRCRAFT MICRO TURBINE ENGINE MARKET FOR DEFENSE, BY REGION 2020–2030 ($MILLION)
TABLE 10.AIRCRAFT MICRO TURBINE ENGINE MARKET FOR OTHERS, BY REGION 2020–2030 ($MILLION)
TABLE 11.AIRCRAFT MICRO TURBINE ENGINE MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 12.NORTH AMERICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 13.NORTH AMERICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 14.NORTH AMERICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 15.U.S. AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 16.U.S. AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 17.U.S. AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 18.CANADA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 19.CANADA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 20.CANADA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 21.MEXICO AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 22.MEXICO AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 23.MEXICO AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 24.EUROPE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 25.EUROPE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 26.EUROPE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 27.GERMANY AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 28.GERMANY AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 29.GERMANY AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 30.UK AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 31.UK AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 32.UK AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 33.FRANCE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 34.FRANCE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 35.FRANCE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 36.RUSSIA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 37.RUSSIA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 38.RUSSIA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 39.REST OF EUROPE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 40.REST OF EUROPE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 41.REST OF EUROPE AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 42.ASIA-PACIFIC AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 43.ASIA-PACIFIC AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 44.ASIA-PACIFIC AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 45.CHINA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 46.CHINA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 47.CHINA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 48.JAPAN AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 49.JAPAN AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 50.JAPAN AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 51.INDIA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 52.INDIA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 53.INDIA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 54.SOUTH KOREA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 55.SOUTH KOREA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 56.SOUTH KOREA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 57.REST OF ASIA-PACIFIC AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 58.REST OF ASIA-PACIFIC AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 59.REST OF ASIA-PACIFIC AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 60.LAMEA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 61.LAMEA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 62.LAMEA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 63.LATIN AMERICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 64.LATIN AMERICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 65.LATIN AMERICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 66.MIDDLE EAST AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 67.MIDDLE EAST AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 68.MIDDLE EAST AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 69.AFRICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY ENGINE TYPE, 2020–2030 ($MILLION)
TABLE 70.AFRICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY DISTRIBUTION CHANNEL, 2020–2030 ($MILLION)
TABLE 71.AFRICA AIRCRAFT MICRO TURBINE ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 72.AERODESIGNWORKS GMBH: KEY EXECUTIVES
TABLE 73.AERODESIGNWORKS GMBH: COMPANY SNAPSHOT
TABLE 74.AERODESIGNWORKS GMBH: PRODUCT PORTFOLIO
TABLE 75.AERODESIGNWORKS GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 76.ELLIOTT COMPANY: KEY EXECUTIVES
TABLE 77.ELLIOTT COMPANY: COMPANY SNAPSHOT
TABLE 78.ELLIOTT COMPANY: PRODUCT PORTFOLIO
TABLE 79.ELLIOTT COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80.GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
TABLE 81.GENERAL ELECTRIC COMPANY: OPERATING SEGMENTS
TABLE 82.GENERAL ELECTRIC COMPANY: PRODUCT PORTFOLIO
TABLE 83.GENERAL ELECTRIC COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 84.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 85.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 86.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 87.HONEYWELL INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 88.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: COMPANY SNAPSHOT
TABLE 89.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: OPERATING SEGMENTS
TABLE 90.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: PRODUCT PORTFOLIO
TABLE 91.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 92.MICRO TURBINE TECHNOLOGY B.V.: KEY EXECUTIVES
TABLE 93.MICRO TURBINE TECHNOLOGY B.V.: COMPANY SNAPSHOT
TABLE 94.MICRO TURBINE TECHNOLOGY B.V.: PRODUCT PORTFOLIO
TABLE 95.PBS GROUP, A. S.: COMPANY SNAPSHOT
TABLE 96.PBS GROUP, A. S.: PRODUCT PORTFOLIO
TABLE 97.SENTIENT BLUE TECHNOLOGIES: KEY EXECUTIVES
TABLE 98.SENTIENT BLUE TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 99.SENTIENT BLUE TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 100.TURBOTECH SAS: COMPANY SNAPSHOT
TABLE 101.TURBOTECH SAS: PRODUCT PORTFOLIO
TABLE 102.WILLIAMS INTERNATIONAL: COMPANY SNAPSHOT
TABLE 103.RAYTHEON TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO
TABLE 104.WILLIAMS INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2019–2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019–2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2019–2021*
FIGURE 09.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW-TO-MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.LOW-TO-MODERATE THREAT OF SUBSTITUTES
FIGURE 12.LOW-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14.KEY PLAYER POSITIONING (2020)
FIGURE 15.AIRCRAFT MICRO TURBINE ENGINE MARKET SHARE, BY ENGINE TYPE, 2020–2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET FOR TURBOSHAFT, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET FOR TURBOJET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.AIRCRAFT MICRO TURBINE ENGINE MARKET SHARE, BY DISTRIBUTION CHANNEL, 2020–2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET FOR OEM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET FOR AFTERMARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.AIRCRAFT MICRO TURBINE ENGINE MARKET SHARE, BY APPLICATION, 2020–2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET FOR CIVIL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET FOR DEFENSE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.AIRCRAFT MICRO TURBINE ENGINE MARKET, BY REGION, 2020–2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 27.U.S. AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 28.CANADA AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 29.MEXICO AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 31.GERMANY AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 32.UK AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 33.FRANCE AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 34.RUSSIA AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 35.REST OF EUROPE AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 37.CHINA AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 38.JAPAN AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 39.INDIA AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 40.SOUTH KOREA AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 42.COMPARATIVE SHARE ANALYSIS OF AIRCRAFT MICRO TURBINE ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 43.LATIN AMERICA AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 44.MIDDLE EAST AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 45.AFRICA AIRCRAFT MICRO TURBINE ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 46.GENERAL ELECTRIC COMPANY: NET SALES, 2018–2020 ($MILLION)
FIGURE 47.GENERAL ELECTRIC COMPANY: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 48.GENERAL ELECTRIC COMPANY: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 49.HONEYWELL INTERNATIONAL INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 50.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 51.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 52.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 53.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54.KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: REVENUE SHARE BY REGION, 2020 (%)

 
 

The global aircraft micro turbine engine market is expected to witness significant growth due to surge in air traffic along with rise in fuel-efficiency improvement initiatives making aircraft engines more efficient.

Increase in air passenger traffic across the globe and low operating & maintenance costs are expected to drive the aircraft micro turbine engine market growth during the forecast period. However, high cost of micro turbine engines is expected to restrain the growth of the aircraft micro turbine engine market during the forecast period. Moreover, increase in procurement of military aircraft amid rise in geopolitical tensions is expected to offer lucrative opportunities for the market in future.

To gain a fair share of the market, major players adopted different strategies, for instance, agreement, business expansion, collaboration, contract, product development, product launch, and partnership. Among these, product development is the leading strategy used by prominent players such as AeroDesignWorks GmbH, Kratos Defense & Security Solutions, Inc., and Sentient Blue Technologies. Aforementioned companies designed cutting-edge aircraft micro turbine engines to offer efficient products to expand their business

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A. Q1. What are the different types of aircraft micro turbine engine?

A. The global aircraft micro turbine engine market valued at $34.8 million in 2020, and is projected to reach $75.9 million by 2030, registering a CAGR of 9% from 2021 to 2030

A. The report sample for global aircraft micro turbine engine market report can be obtained on demand from the website.

A. Development of new and improved materials and material-processing techniques; and use of additive manufacturing in making cheaper and quick-to-manufacture aircraft engine parts

A. Driven by factors such as increase in air passenger traffic across the globe and low operating & maintenance costs, the aircraft micro turbine engine market is expected to register a significant growth during the forecast period

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. The leading companies operating in the aircraft micro turbine engine market are General Electric, Honeywell International Inc., and PBS Group

A. The U.S. and China are key matured markets in the global aircraft micro turbine engine market

A. Increase in procurement of military aircraft amid rise in geopolitical tensions and high costs of micro turbine engines

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