Aero Turbofan Engine Market: Business Opportunities, Leading Players, Trends Outlook Up to 2026
Category: #Technology  By Partha Ray  Date: 2020-05-14
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Aero Turbofan Engine Market: Business Opportunities, Leading Players, Trends Outlook Up to 2026

The aero turbofan engine market report, in a nutshell, is a composition of very vital aspects. The study aims to simplify the understanding of the industry for potential stakeholders and help them streamline the process of business decision-making. Pivotal details such as the SWOT analysis, Porter’s analysis, and industry impact forces are mentioned in the report, that also elucidates substantial information pertaining to the pitfalls and challenges prevailing in the industry.

Stringent government policies for certification process of the product may pose a challenge to the aero turbofan engine market size from 2017 to 2024. For instance, FAA, DGCA, and EASA has designed certain policies to be followed by the industry participants. Increasing environmental concerns and soaring fuel prices may challenge the aero turbofan engine industry size over the forecast time span.

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Electrification of primary power in the aircrafts is gaining interest owing to intrinsic limitations of turbofan technology. Electric products offer light weight, compact, modular unit, easy control, minimal maintenance, ease of integration, low noise level, reduced operating costs, and designed with inherent robustness. Targeted applications include flight training and air taxi for private pilots. This may negatively affect the aero turbofan engine market share over the next eight years.

Asia Pacific aero turbofan engine market size is estimated to be the fastest growing region owing to emerging economies such as India and China. For instance, in December 2016, China powered up its military jet engines technology to wean itself off from Russia imports. Advancements in product design, radar systems, and home-grown turbofan technology showcased that the country is no more reliant on Russian products for next generation of fighter planes. In addition, India introduced Hindustan Turbofan Engine 25 (HTFE-25) in Aero India-2017 that will be ready for first flight by 2018. This was pitched and designed to power business jets and trainer aircrafts in the twin engine configuration.

In substance, the aero turbofan engine market report analyses the industry landscape in terms of numerous parameters, like the driving forces impacting the revenue scale of this industry and the ongoing trends defining the industry spectrum. In addition, the study mentioned the industry insights, market segmentation, and is also inclusive of information pertaining to the companies that partake in aero turbofan engine industry share.

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Global Aero Turbofan Engine Market players are Safran Aircraft Engines, General Electric, Honda Aero, Lufthansa, IHI Corporation, MTU Aero Engines, Pratt & Whitney, CFM International, UEC PERM Engines, Rolls-Royce Holdings PLC, and Honeywell International Inc.

 

 

About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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