Aircraft Turbofan Engine Market
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<strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong> Research<br />
Report By Forecast To 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Global <strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong> Information Report by <strong>Aircraft</strong> Type (Narrowbody, Widebody, and<br />
others) by Application (Commercial air transport and military aviation), and by Regions (Americas, APAC,<br />
and EMEA) - Global Forecast To 2023<br />
The market for global aircraft turbofan engine market is expected to witness a significant growth during the forecast period.<br />
Increasing demand for fuel efficient and lightweight aircraft is expected to result in increasing investments on<br />
technologically advanced turbofan engines and in turn contribute towards the growth of the market. In addition, with<br />
Airbus and Boeing accruing several thousand backlogs of fuel efficient aircraft, which would simultaneously translate into<br />
several subsequent years of the production of turbofan engines. Moreover, the increasing government regulations for<br />
reducing carbon emissions would act as another major driver for the aircraft turbofan engine market.<br />
The global aircraft turbofan engine market is expected to reach over USD 42,000 million by the end of 2023, growing at a<br />
CAGR of about 6%.<br />
Although, the price of fuel continues to fluctuate in the recent years, the demand for fuel efficient engines has<br />
simultaneously increased. The engine plays a major role in improving the fuel efficiency of an airplane. The usage of<br />
advanced materials in the aircraft engines have enabled the enhanced performance of engines. Hence, the usage of<br />
composites, ceramics, and super alloys has considerably increased, during the manufacture of aircraft engines. These<br />
materials are lightweight and have a huge impact on the overall weight of an aircraft. Furthermore, these factors enhance<br />
the engine performance, which in turn leads to significant fuel savings. In addition, these materials offer several advantages<br />
in engine design such as lower maintenance costs, lower weight, increased safety, and better high-temperature<br />
performance. Hence, the continued usage of composites, ceramics, and super alloys in the development of aircraft turbofan<br />
engines, have resulted in an increase in the demand of such engines and in the growth of the global market.<br />
However, certain factors such as the high costs of development for the engines coupled with the rigorous certification<br />
processes are expected to act as restraints for the market growth.<br />
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<strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Segmentation
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<strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Regional Analysis of Global <strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong><br />
The Americas region is expected to dominate the global aircraft turbofan engine market mainly due to presence of major<br />
market players in the North American region. However, due to the growing demand of fuel efficient aircraft in emerging<br />
economies such as India and China will result in the APAC region registering a high growth rate during the forecast period.<br />
Key Players<br />
The key players of global aircraft turbofan engine market GE Aviation, Pratt & Whitney, Safran <strong>Aircraft</strong> <strong>Engine</strong>s, CFM<br />
International, International Aero <strong>Engine</strong>s AG, Rolls Royce, MTU Aero <strong>Engine</strong>s, Honeywell International, <strong>Engine</strong> Alliance,<br />
EuroJet, and Aviadvigatel.<br />
Intended Audience<br />
• <strong>Aircraft</strong> Manufacturers<br />
• <strong>Engine</strong> manufacturers<br />
• Government as well as Independent Regulatory Authorities<br />
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3791
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<strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Scope of Report<br />
The report for Global <strong>Aircraft</strong> <strong>Turbofan</strong> <strong>Engine</strong> <strong>Market</strong> of <strong>Market</strong> Research Future comprises of extensive primary research<br />
along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion<br />
leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current<br />
market scenario which includes historical and projected market size in terms of value, technological advancement, macro<br />
economical and governing factors in the market. The report provides details information and strategies of the top key<br />
players in the industry. The report also gives a broad study of the different market segments and regions.<br />
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