Wankel Engines Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2033

Key Market Dynamics  

With growing demand and technological advancements, the Wankel Rotary Engine market is making a significant comeback, indicating a dramatic shift in the automotive and aerospace industries. The current trends are being pushed by breakthroughs in lightweight materials and enhanced efficiency, making the Wankel engines an enticing alternative for a wide range of applications.  

The global wankel engines market is expected to expand due to the introduction of new technology. The incorporation of different new and inventive technologies in the manufacturing and development of rotary engines is projected to steadily increase market growth. The automotive sector is projected to undergo structural changes as a result of rapid technological advancement. Artificial intelligence and machine learning are predicted to be among the most popular technologies that are used. Such technologies have the potential to alter production processes and activities by improving robotic uniformity, precision, and efficiency.  

Market Segmentation 

The Wankel engines market is segmented into type, application, and region. On the basis of type, the market is divided into water cooled and air cooled. On the basis of application, the wankel engines market share is segregated into automotive and aerospace. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Regional/Country Market Outlook 

North America is expected to dominate global wankel engines market size as the automotive industry expands. The region's market share is expected to expand as vehicle makers establish a stronger presence. The United States and Canada were home to numerous classic brands such as Chevrolet, Cadillac, GMC, and Buick, which fueled the automotive industry.  

The necessity for high-performance engines has accelerated the rise of their use in the region. The increase in the aircraft industry is also predicted to boost market share. Automotive manufacturers in the region are incorporating engines with varying displacement and power outputs into their vehicles, which is likely to boost the sector's growth during the forecast period.  

Technological developments are being investigated to enhance fuel efficiency and reduce emissions, which have traditionally been downsides of this engine configuration. Furthermore, there is rising interest in using Wankel engines into hybrid and range-extended applications, where their small size and high-power density can supplement electric propulsion systems. This combination has the potential to revitalise Wankel engines' relevance in a market increasingly focused on sustainability and innovation. Therefore, the above-mentioned factors are driving the Wankel engines market demand. 

Competitive Landscape 

The major players operating in the  Wankel engines market include UAV Engines, Austro Engine, LiquidPiston, Rotron Power, AIE, Mistral Engines, Aixro, and Orbital Power. The competitive landscape for Wankel engines is characterized by both challenges and opportunities as they vie for a place alongside traditional piston engines and emerging propulsion technologies. In the automotive sector, Wankel engines face stiff competition from conventional internal combustion engines, which have benefitted from over a century of development and optimization, resulting in superior fuel efficiency, reliability, and emissions control. Additionally, the rapid advancement of electric vehicles (EVs) poses a significant competitive threat, as EVs offer zero emissions and increasingly impressive performance metrics.

Industry Trends: 

• According to the Federal Aviation Administration (FAA) , about 900, 000 drones were registered in the United States as of July 2023. Of the registered drones, 416, 095 were for recreational use, while 369, 528 were for commercial use. Additionally, the FAA issued 331, 573 remote pilot certifications.  

• The global unmanned aerial vehicle market was valued at $24.72 billion in 2020, and is projected to reach $70.91 billion by 2030, registering a CAGR of 11.7%.  

• The auto component industry exported USD 19 billion and imported USD 18.3 billion worth of components in 2021-22, resulting in the highest export surplus of USD 700 million. 

• When comparing 2023 to 2022, piston airplane deliveries increased 11.8% to 1, 682 units; turboprop airplane deliveries increased 9.6% to 638 units; and business jet deliveries increased to 730 units from 712. The value of airplane deliveries in 2023 was $23.4 billion, up 2.2%. 

Ecosystem of Global Wankel Engines Industry

Wankel engines?ecosystem?in the aerospace and automotive industries is defined by their unique properties and specialised uses. Wankel engines are very popular in unmanned aerial vehicles (UAVs) and light aircraft in the aerospace industry. Their small size, high power-to-weight ratio, and smooth operation make them suitable for UAVs, which require efficient, lightweight engines. Similarly, certain light aircraft benefit from these characteristics, using Wankel engines for improved performance and efficiency. Wankel engines have found a niche application in sports cars and racing vehicles, where their ability to generate high power outputs in a small package is highly valued. Despite their benefits, difficulties with fuel efficiency and pollution have prevented their widespread use. 

In the automobile sector, Wankel engines have found niche applications in sports cars and racing vehicles, where their ability to generate high power outputs in a small package is highly valued. The Mazda RX series is a significant example of Wankel engine application in consumer vehicles, demonstrating the engine's ability to deliver great performance and smooth acceleration. Beyond sports cars, some experimental and concept vehicles have investigated the usage of Wankel engines due to their creative design and packing versatility. 

Key Sources Referred 

1. Federal Aviation Administration 

2. National Ocean Industries Association  

3. World Air Transport Statistics (WATS)  

4. General Aviation Manufacturers Association 

5. U.S. Department of Transportation  

6. National Aeronautics and Space Administration 

7. International Transport Forum 

8. Maryland Department of Natural Resources 

Key Benefits for Stakeholders 

• This report provides a quantitative analysis of the Wankel engines market segments, current trends, estimations, and dynamics of the Wankel engines market analysis from 2022 to 2032 to identify the prevailing wankel engines market opportunity. 

• Market research is offered along with information related to key drivers, restraints, and opportunities. 

• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network. 

• In-depth analysis of the automotive gears market segmentation assists to determine the prevailing market opportunities. 

• Major countries in each region are mapped according to their revenue contribution to the global wankel engines market forecast statistics. 

• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 

• The report includes the analysis of the regional as well as global Wankel engines market trends, key players, market segments, application areas, and wankel engines market growth strategies.