Report Details:
15 Companies Covered
110 Pages
Aircraft Turbofan Engine Market Outlook
The market for global aircraft turbofan engine is expected to witness a significant growth during the forecast period. Over the years, Airbus and Boeing have accrued several thousand backlogs of fuel efficient aircraft, which would simultaneously translate into several subsequent years of the production of turbofan engines. Therefore, the global aircraft turbofan engine market is expected to grow at a CAGR of approximately 6%.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Aircraft Turbofan Engine Market Research Report - Forecast to 2023”.
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Global Aircraft Turbofan Engine Market:
Increasing demand for fuel efficient and lightweight aircraft is expected to result in increasing investments on technologically advanced turbofan engines and in turn contribute towards the growth of the market. Moreover, the increasing government regulations for reducing carbon emissions would act as another major driver for the aircraft turbofan engine market.
However, certain factors such as the high costs of development for the engines coupled with the rigorous certification processes are expected to act as restraints for the market growth.
The key players of global aircraft turbofan engine market are GE Aviation, Pratt & Whitney, Safran Aircraft Engines, CFM International, International Aero Engines AG, Rolls Royce, MTU Aero Engines, Honeywell International, Engine Alliance, EuroJet, and Aviadvigatel
Market Research Analysis:
The Americas region is expected to dominate the global aircraft turbofan engine market mainly due to presence of major market players in the North American region. However, due to the growing demand of fuel efficient aircraft in emerging economies such as India and China will result in the APAC region registering a high growth rate during the forecast period.
On the basis of aircraft type, the market has been segmented on the basis of narrowbody, widebody, and other aircraft. The narrowbody aircraft are expected to dominate the global aircraft turbofan engine market, during the forecast period.
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