Market Research Report
Aircraft Engine Compressor Market by Application and Geography - Global Forecast and Analysis 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||907859|
|Published||Content info||125 Pages
Delivery time: 1-2 business days
|Aircraft Engine Compressor Market by Application and Geography - Global Forecast and Analysis 2019-2023|
|Published: August 21, 2019||Content info: 125 Pages||
Technavio's aircraft engine compressor market analysis considers sales from both commercial and business aircraft and military aircraft. Our analysis also considers the sales of aircraft engine compressor in APAC, Europe, North America, South America, and MEA. In 2018, the commercial and business aircraft segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for new-generation commercial aircraft and rising stringent emission norms will play a significant role in the commercial and business aircraft segment to maintain its market position. Also, our global aircraft engine compressor market report looks at factors such as a surge in demand for aircraft, development of lightweight materials to enhance fuel economy, and development of technologically advanced, next-generation engines. However, technical issues with compressors and complexity of compressor blade manufacturing, high production costs and delay in engine deliveries, and price fluctuations, raw, material availability, and their effect on aircraft supply chain may hamper the growth of the aircraft engine compressor industry over the forecast period.
The increasing demand for commercial aircraft coupled with the demand for highly efficient and technologically advanced engines have been propelling R&D activities in the global aircraft industry. Engine and its components manufacturers are incorporating advanced technologies such as integration of sensors and digitalized controlling of aircraft engines. These developments will lead to the expansion of the global aircraft engine compressor market at a CAGR of over 6% during the forecast period.
Electrification is one of the major trends in the transportation industry. Several aircraft manufacturing companies are intensifying their electric aircraft development activities. The integration of battery in conventional aircraft has resulted in the development of hybrid aircraft. The growing activities in the field of battery technology have led to the development of solid-state batteries improving the range of electric vehicle. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global aircraft engine compressor market during the forecast period 2019-2023, view our report.
With the presence of a few major players, the global aircraft engine compressor market is concentrated. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading aircraft engine compressor manufacturers, that include Melrose Industries Plc, MTU Aero Engines AG, Safran SA, Turbocam Inc., United Technologies Corp.
Also, the aircraft engine compressor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.