Enjoy complimentary customisation on priority with our Enterprise License!
Technavio's market study identifies the increase in passenger traffic to be one of the primary growth factors for the wide-body aircraft engine market. The growth of aircraft, associated parts, and components is influenced by the increasing air passenger traffic. Since wide-body aircrafts can fly more number of passengers on longer routes, there is a high demand for associated engines to cater to the demand for improved flight experience and the rising need for long haul flights. Innovations in aircraft enable potential operators to ensure a superior cost optimization strategy and compete with narrow-body aircraft operators. Our market research analysts estimate that this market will register a revenue of more than USD 13 billion by 2021.
The commercial aerospace industry is focusing extensively efficient fuel consumption, reduced emissions, and noise reduction technologies. Wide-body aircrafts generate more noise since the engine carries more payload. Large aircraft manufacturers such as Boeing have installed an additional component to the aircraft engine to reduce noise. Aircraft OEMs are increasingly investing in developing technologies to minimize the noise generation in their aircrafts. The implementation of such noise reduction technologies will be one of the key trends that will gain traction in the wide-body aircraft engine market during the next few years.
What's your takeaway?
Technavio's industry research report on the Global Wide-Body Aircraft Engine Market will help you
Next step: Download FREE sample report | Talk to us
The wide-body aircraft engine market is moderately concentrated due to the presence of limited key players. Vendors are highly competitive and compete based on the engine's cost, reliability, and quality. To attain competitive advantage, vendors in the wide body aircraft market must integrate new-generation technologies into cost-efficient and superior quality engines. Intense competition and increasing collaborations among the aircraft engine manufacturers is influencing technological advances, and product innovation and expansion.
The leading vendors in the market are
Airlines are increasingly adopting small and medium aircrafts to accommodate more passengers in domestic and international flights to reduce their operational costs and to cater to the growing passenger traffic. Small and medium aircrafts offer better return on investment and acquire improved wide-body engines.
Airline industries in Europe are increasingly investing in new aircrafts with fuel-efficient engines to cater to the growing air passenger traffic. Rising domestic and international traffic influences the demand for next-generation aircraft that offers superior services and lowers the operational costs. EMEA has strong technological and production capabilities, that will contribute to the growth of the wide body aircraft market in EMEA.
Technavio also offers customization on reports based on specific client requirement.
This upcoming research report on the global wide-body aircraft engine market offers insights into the key trends and emerging drivers influencing the growth of the aerospace and defense industry. Our market research reports for the aerospace and defense industry also follow a strict data collection methodology and offer an analysis of fast growing market segments like aerospace components.
Research analysts at Technavio go through a rigorous analysis of research journals, expert opinions, telephone surveys and interviews, and client surveys to oversee primary and secondary research. The information thus collected helps the client achieve their business objectives by serving as an essential business input tool which accurately forecasts the growth potential of the market. The report on the global wide-body aircraft engine market also provides segregated data and insights as per the different segmentation criteria such as segmentation by geography and segmentation by types.
The upcoming research report on the global wide-body aircraft engine market also covers vendors such as GE, Rolls-Royce, and Pratt & Whitney to provide a detailed competitive landscaping of the market. The market for wide-body aircraft engine is also experiencing rapid innovations with the advent of new technologies like lightweight composite materials, zero splice engine intake liner, improved navigation modes, fuel-efficiency, and interactive displays. This phenomenon of constant innovation is expected to drive the demand for advanced products in this market.
The forthcoming industry research report for the global wide-body aircraft engine market identifies other fundamental aspects of business intelligence such as profits, products, promotions, technology, as well as opportunities and challenges faced by the industry. The market report also covers related markets such as general aviation and commercial aviation.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and Challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12:
PART 13: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.