Published on : Mar 10, 2017
ALBANY, NY, March 10, 2017: The report is a comprehensive analysis of the market as of 2017, and based on a thorough analysis of all the micro and macro factors that may influence the demand in the future, it estimates the scenario of the market for military aerospace engine up to 2021. The report also highlights a few trends to help its audiences strategize their business developments and profiles some of the key players of the market in order to present a picture of their stronghold over the global demand.
The report observes that across the world, the production of military aerospace engine increased to 1783 units in 2016 from 1426 units in 2011, exhibiting a CAGR of 4.57% during the period of 2011–2016. As far as revenue is concerned, the report evaluates that the global military engine market had an opportunity worth US$10.2 bn in 2015, which increased up to US$ 10.4 bn by 2016. 2016 to 2021 is the forecast period of the report.
According to the report, there are various types of military aerospace engines, including turbofans, turboprops, and turbojets. The basic aim of these engines is to deliver enhanced performance and increased fuel economy besides reducing noise and curtailing the emission harmful gases. This market is primarily driven by increased investment by several governments towards enhancing their military strength. In the recent past, CFM56 engine has been succeeded by new engine LEAP, which has been developed by GE Aviation and Snecma.
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Based on type, the report segments the global military aerospace engine market into jet engines, turbine engines, and others, while on the basis of application, the report categorizes the market into fighter aircraft, transport aircraft, and helicopters. Geographically, the report studies the potential available in the region of Europe, Asia Pacific, and Rest of the World, and the country of the U.S. For each of these regions and country, the report explores the competition between the manufacturers, production and share of the manufacturers, their revenue, and average price.
Some of the leading companies identified by the report in the global military aerospace engine market are Pratt & Whitney, GE Aviation, Rolls Royce, ITP, Klimov, MTU Aero Engines, and Safran Aircraft Engines. In the company profile section, the report highlights their product portfolio and specification, engine production capacity, price, cost, gross margin, and revenue. The report also includes chapters on raw material analysis, equipment analysis, labor cost and other costs, industrial value chain, upstream raw material sourcing, downstream major consumer analysis, marketing strategies, marketing channel, and consumer needs and preferences. Economic and political change has also been covered in the report.
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