The global demand for Aircraft Micro Turbine Engine Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Units in 2021 and foreseen to touch XX Units by 2027 with a CAGR of XX% during 2021-2027.
Aircraft microturbine engine is 25 to a 500-kilowatt turbine that evolves from piston engine turbochargers, aircraft auxiliary power units, or small jet engines. The design comprises a combustor, compressor, turbine and electric generator on a single shaft or two. These are less complex and easier to maintain than a reciprocating engine and are capable of operating for up to 2,000 hours longer than comparable powerplants.
The increasing need for a more reliable and safer propulsion system in military and commercial organizations drives the growth of the market. The emergence of UAV for military applications creates an opportunity for the market. With reciprocating engines in UAV, it wasn't easy to reach its true growth potential. The incorporation of microturbine into a propulsion system has made this far more accessible. The aircraft microturbine engine outperforms a reciprocating engine in terms of operating time, speed, efficiency, reliability, flexibility, and performance. However, technology has not yet up to its optimum efficiency. The market is facing a challenge in terms of manufacturing cost and reliability in a harsh environment.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of aircraft micro turbine engine.
The entire aircraft micro turbine engine market has been sub-categorized into platform, application, and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
- Civil Aviation
- Urban Air Mobility
- Unmanned Aircraft
- Millitary Aviation
This section covers regional segmentation which accentuates on current and future demand for aircraft micro turbine engine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Aircraft Micro Turbine Engine Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the aircraft micro turbine engine market include Honeywell International Inc., UAV Turbines, Inc., Kratos Defense & Security Solutions, Inc., Rolls-Royce Holdings plc, and Turbotech SAS. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.