Commercial Aircraft Gas Turbine Engine Market by Technology, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR45842

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The commercial aircraft gas turbine engine market value is projected to grow by USD 43.01 billion at a decelerating CAGR of 19.63% during 2021-2025.

This commercial aircraft gas turbine engine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (turbofan and turboprop), type (narrow-body aircraft, widebody aircraft, and regional aircraft), and geography (Europe, North America, APAC, MEA, and South America). The commercial aircraft gas turbine engine market report also offers information on several market vendors, including General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, UEC-Aviadvigatel Joint Stock Co., UEC-Saturn, and Williams International Co. LLC among others.

What will the Commercial Aircraft Gas Turbine Engine Market Size be in 2021?

Commercial-Aircraft-Gas-Turbine-Engine-Market-Market-Size-2020-2025

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Commercial Aircraft Gas Turbine Engine Market: Key Drivers and Trends

According to our research output, there has been a negative impact on the market growth post COVID-19 era. Key drivers such as the advancements in engine technologies are notably supporting the commercial aircraft gas turbine engine market growth. However, one of the foremost factors impeding market growth is the grounding of fleet due to technical issues. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This commercial aircraft gas turbine engine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Commercial Aircraft Gas Turbine Engine Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • General Electric Co.
  • GKN Aerospace Services Ltd.
  • Honeywell International Inc.
  • MTU Aero Engines AG
  • Raytheon Technologies Corp.
  • Rolls-Royce Plc
  • Safran SA
  • UEC-Aviadvigatel Joint Stock Co.
  • UEC-Saturn
  • Williams International Co. LLC

 

The commercial aircraft gas turbine engine market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The commercial aircraft gas turbine engine market is concentrated and is expected to provide a favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the commercial aircraft gas turbine engine market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Commercial Aircraft Gas Turbine Engine Market?

Commercial-Aircraft-Gas-Turbine-Engine-Market-Market-Share-by-Region-2020-2025

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France, Germany, and the UK are the key markets for the commercial aircraft gas turbine engine market in Europe. Learn about the key, emerging, and untapped markets from our commercial aircraft gas turbine engine market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 33% of the market’s growth will originate from Europe during the forecast period.

Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Rise in procurement rate of new-generation aircraft has been identified as one of the chief factors that will drive the commercial aircraft gas turbine engine market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Technology Segments in the Commercial Aircraft Gas Turbine Engine Market?

Commercial-Aircraft-Gas-Turbine-Engine-Market-Market-Share-by-Technology-2020-2025

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The commercial aircraft gas turbine engine market share growth by the turbofan segment has been significant. The commercial aircraft gas turbine engine market report provides a comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial aircraft gas turbine engine market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Commercial Aircraft Gas Turbine Engine Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive commercial aircraft gas turbine engine market growth during the next five years
  • Precise estimation of the commercial aircraft gas turbine engine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the commercial aircraft gas turbine engine market across Europe, North America, APAC, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of commercial aircraft gas turbine engine market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The commercial aircraft gas turbine engine market growth will increase by $15845.28 million during 2019-2024.
The commercial aircraft gas turbine engine market is expected to grow at a CAGR of 5.59% during 2019-2024.
Technavio has segmented the commercial aircraft gas turbine engine market by technology (Turbofan and Turboprop) ,type (Narrow-body aircraft, Widebody aircraft, and Regional aircraft) , and geographic (APAC, Europe, North America, MEA, and South America).
General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, UEC-Aviadvigatel Joint Stock Co., UEC-Saturn, Williams International Co. LLC are a few of the key vendors in the commercial aircraft gas turbine engine market.
APAC will register the highest growth rate of 52.52% among the other regions. Therefore, the commercial aircraft gas turbine engine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the commercial aircraft gas turbine engine market growth are:
  • Advancements in engine technologies
The commercial aircraft gas turbine engine market vendors should focus on grabbing business opportunities from the turbofan segment as it accounted for the largest market share in the base year.
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