Global Wide-body Aircraft Engine Market 2017-2021

Overview of the global wide-body aircraft engine market

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.

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Technavio's industry research report on the Global Wide-Body Aircraft Engine Market will help you

• Identify latent opportunities and explorative solutions in the wide-body aircraft engine market
• Identify your key competition, and what's making them tick?
• Build a comprehensive marketing plan that's applicable across 50+ countries

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Competitive landscape and key vendors

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

• GE Aviation
• Pratt & Whitney
• Rolls-Royce

Segmentation by application and analysis of the wide-body aircraft engine market

• Small and medium wide body aircraft
• Large wide-body aircraft

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.

Geographical segmentation and analysis of the wide-body aircraft engine market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global wide-body aircraft engine market?
• What are the key market trends impacting the growth of the global wide-body aircraft engine market?
• What are the challenges to market growth?
• Who are the key vendors in the global wide-body aircraft engine market?
• What are the market opportunities and threats faced by the vendors in the global wide-body aircraft engine market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global wide-body aircraft engine market?

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.

Our market research methodology for the global wide-body aircraft engine market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.