The Market for Aviation Turboshaft Engines - Forecast International

Product Code F642 The Market for Aviation Turboshaft Engines
This analysis discusses those trends influencing
turboshaft engine design and production. The current
and future competitive environment is also explored, in
order to gain an understanding of the relationship
between the market environment and engine production.
The aerospace industry tends to be cyclical, and
production peaks and valleys are usually tied to world
economic conditions. The current global economic
slowdown has interrupted the normal cycle, creating a
lower low that has pushed the recovery timeline to the
Introduction
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right. Military engine programs are typically an
exception to this up-and-down cycle; procurement
normally happens over a period of several years. At the
present time, military spending is accounting for a large
percentage of current and future engine production.
Looking at the broader market, past performance is no
guarantee of future production. However, it does show
that the aircraft and engine ordering process tends to be
cyclical, a fact that makes the task of predicting future
events a bit less problematic.