Aircraft Engine Market: Future Forecast Assessed on the Basis of How the Key Players Decided to InvestPosted by Amrut Mahajani on February 21st, 2023  Aircraft Engine Market size is projected to grow from USD 60.8 billion in 2021 to USD 92.9 billion by 2026, at a CAGR of 8.9% from 2021 to 2026. The market is driven by various factors, such as the rise in the commercial aviation industry, the growing narrow-body aircraft type segment, and increasing investment in the defense aviation industry. General Electric Company (US), MTU Aero Engines (Germany), Honeywell International Inc. (US), Safran SA (France), and Rolls Royce PLC (UK), among others, are some of the leading players operating in the aircraft engine market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include contracts, agreements, and research & development (R&D) activities further to expand their presence in the aircraft engine market. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=14300744 General Electric Company (US) is the leading player in the aircraft engine market. The company has a global presence and is currently focusing on increasing and gaining clients worldwide, and because of this, they have made a partnership with Safran SA (France) by which they are working together in producing aircraft engines with advanced and cutting-edge technology. With this partnership, they are targeting producing the most fuel-efficient aircraft engine, which is the current demand worldwide. Rolls Royce PLC (UK) is ranked second in the aircraft engine market. The organization has a global chain of customers. The major strength of the company's revenue generator is the civil aerospace business segment. The company has also focused on developing hybrid aircraft engines which they say will be the demand in the future. They are also focusing on expanding their business in the fastest-growing economies such as China and India. They have also partnered with Infosys (India) in order to develop an R&D service to develop their civil aerospace business segment in the country. Safran SA (France) is ranked third in the aircraft engine market. The organization has a very strong presence in the European and North American markets. Safran is totally focused on providing its customer with aircraft solutions and has divided its business segment into the parts which are aerospace propulsion, equipment, defense and aero system, and aircraft interiors. The organization has also partnered with MTU Aero Engines (Germany) in order to make its presence in the European market even more strong. Our Other Publications: Aviation Fuel Market by Fuel Type (Conventional Fuel-Air Turbine Fuel, Avgas, Sustainable Fuel- Biofuel, Hydrogen Fuel, Power-To-Liquid, Gas-To-Liquid), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle) & Region- Global Forecast to 2030 Ammunition Market by Application (Defense, Civil & Commercial), Caliber (Small, Medium, Large), Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), Component, Guidance Mechanism, Lethality (Lethal, Less-lethal), Region 2026 Aircraft Sensors Market by aircraft type (Fixed-wing, Rotary-wing, UAVs, AAM), Application (Engine, Aerostructures, Fuel & Hydraulic, Cabin), Sensor Type, End Use (OEM, Aftermarket), Connectivity (Wired, Wireless) and Region - Global Forecast to 2027 Contact: Like it? Share it! More by this author |