Press Release

Visiongain Ltd.

Aircraft Engines Market Report to 2031

November 16th, 2021 12:00 AM

Visiongain has published a new report on Aircraft Engines Market Report: Forecasts by Type (Turbofan, Turboshaft, Turboprop, Piston Engine), by Aviation (Military Aviation, Commercial Aviation, Business Aviation), by Platform (Fixed Wing, Rotary Wing) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.

Aircraft engine is one of the major systems in the aircraft and has been witnessing significant growth over the past few years owing to strong demand from commercial aviation sector. Increasing air travel across the globe is one of the prime factors fueling the growth for aircraft market, which in turn is resulting in the demand for aircraft engines from commercial aviation sector. In addition, growth in low-cost airlines and strong growth in international tourism and travel has further influencing the market for aircraft positively.

Download Exclusive Sample of Report @ https://www.visiongain.com/report/aircraft-engines-market-2021/#download_sampe_div

COVID-19 Impact on Aircraft Engines Market

Demand for aircraft engines is anticipated to slow down during the first half of the forecast period till 2022 due to the impact of Covid-19 on air travel. Due to Novel Corona Virus, the international passenger traffic has dropped by more than 50% in recent months and is expected to recover slowly in coming years. As the air travel has dropped significantly, the demand for wide body aircraft and very large body aircraft has decreased in 2020. In addition, domestic travel has also witnessed negative growth in 2020 however is started to recover in most of the countries. Due to COVID-19 impact on air travel, airline operators’ plans to procure new aircraft have been put on hold, resulting in the lesser demand for aircraft engines from commercial aviation sector. It is anticipated that the demand for aircraft engine will see growth from 2023.

In addition, COVID-19 has significantly affected the global economies negatively during the past few months. As a result, defense budgets are anticipated to fall considerably over the next few years. Majority of the countries spend around 2% of their GDP on defense and close to 40% on procurement’s programs. Due to pandemic, the defense budgets are expected to fall, resulting in the lower demand for military aircraft in the next few years, in turn affecting the market for aircraft engines negatively till 2022.

How the Aircraft Engines Market report helps you
In summary, our 210+ page report provides you with the following knowledge:

  • Revenue forecasts to 2031 for Aircraft Engines Market, with forecasts for Product Category, Drug Type, API, FDF, and End User, each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2031 for 5 regional and 20 key national markets – See forecasts for the Aircraft Engines market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market- including company profiles for 10 of the major companies involved in the Aircraft Engines Market.

Get Detailed TOC @ https://www.visiongain.com/report/aircraft-engines-market-2021/#download_sampe_div

Competitive Landscape

Some of the company’s profiled in this report include General Electric, CFM International SA, United Technologies Corporation, Safran SA, Rolls-Royce Holdings PLC, MTU Aero Engines AG, Engine Alliance LLC, Honeywell International Inc, Textron Inc, International Aero Engines AG.

  • In April 2020, GE Aviation has received a contract worth US$707 Million for supplying aircraft engines for F-15 and F-16 Military aircraft. Under this contract, GE Aviation will deliver F110-GE-129 engines. The contract involves Foreign Military Sales to four countries including Qatar, Taiwan, Bulgaria, and Slovakia. As per the company’s press release, the order book for company has reached around US$ 1.2 Billion from military alone. The order book of the company includes the production of F414 engines, T700 engines, and F110 engines among others.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
with our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Aircraft Engines Market and leading companies. You will find data, trends and predictions.

Find more Visiongain research reports on Aviation Components Sectors click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

Catherine Walker
PR at Visiongain Inc.
Tel: + 44 0207 336 6100
USA Tel: + 1 718 682 4567
EU Tel: + 353 1 695 0006
Toll Free: 00-1-646-396-5129
Email: catherine.walker@visiongain.com
Web: https://www.visiongain.com
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SOURCE Visiongain Limited.

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