Aircraft Micro Turbine Engines Market to grow at a CAGR of 6.7% from 2022 to 2027| Bowman Power Group Ltd., Ebara Corp., General Electric Co., and more to emerge as key players- Technavio

NEW YORK, July 19, 2023 /PRNewswire/ — The aircraft micro turbine market size is estimated to grow by USD 1,136.05 million from 2022 to 2027. The market is estimated to accelerate at a CAGR of 6.7%, according to Technavio.The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including AeroDesignWorks GmbH, AMT Netherlands B.V., Bowman Power Group Ltd., Ebara Corp., General Electric Co., Hawk Turbine AB, Ingenieurburo CAT M.Zipperer GmbH, Jets Munt S.L., Kratos Defense and Security Solutions Inc., MTT bv, PBS Group AS, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Stuttgart Engineering Propulsion Technologies UG, The Williams Co. Inc., TURBOTECH SAS, Honeywell International Inc., and Safran SA, among others. Download a Sample Report Now!

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Technavio has announced its latest market research report titled Global Aircraft Micro Turbine Engines Market
Technavio has announced its latest market research report titled Global Aircraft Micro Turbine Engines Market

Aircraft Micro Turbine Engines Market Insights –

Vendors: 15+, Including, AeroDesignWorks GmbH, AMT Netherlands B.V., Bowman Power Group Ltd., Ebara Corp., General Electric Co., Hawk Turbine AB, Ingenieurburo CAT M.Zipperer GmbH, Jets Munt S.L., Kratos Defense and Security Solutions Inc., MTT bv, PBS Group AS, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Stuttgart Engineering Propulsion Technologies UG, The Williams Co. Inc., TURBOTECH SAS, Honeywell International Inc., and Safran SA, among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments:  Platform (general aviation, commercial aviation, military aviation, and advanced air mobility), end-user (propulsion and auxiliary power), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

To understand more about the Aircraft Micro Turbine Engines Market request a sample report

Major Drivers – The rapid advancements in engine technologies drive the aircraft micro turbine engines market during the forecast period. There has been increasing adoption of operational engines with enhanced fuel efficiency and minimal overall operational costs since the advent of commercial aviation. Thus there is an increasing preference for the selection of advanced materials with enhanced durability to ensure high performance. Additionally, most of the present-generation engines are controlled digitally, and the sensors are used to control the power output. Sensors are widely used in these aircraft and are embedded in different key locations, and it collects important data such as temperature, pressure, vibration, and oil debris. As a result, it has significantly decreased the maintenance cost by enhancing the maintenance and overhauling of aero-engine parts and components. Hence, such factors are expected to drive the aircraft micro turbine engines market growth during the forecast period.

Significant Trends – The rising adoption of 3D printing systems for engine components is an emerging trend in the aircraft micro turbine engines market during the forecast period. One of the main advantages of advanced 3D printing is that it minimizes manufacturing time and excessive material wastage while permitting quick design alterations of the component’s internal features. There is increasing adoption of 3D printers across the aviation sectors as it helps to alleviate supply chain constraints, limit warehouse space, and minimize wasted materials from traditional manufacturing processes.  The rapid manufacturing of aircraft parts in accordance with customer demand will help in saving huge amounts of space and money.  Most aero-engine manufacturers have started implementing 3D printing technology to create critical and complex components such as fuel nozzles. Hence, such factors are expected to drive the aircraft microturbines market growth during the forecast period.

Key challenges – High production costs and delays in engine deliveries are significant challenges hindering the aircraft micro turbine engines market growth during the forecast period. The main cost involved in the manufacturing of aircraft engines includes associative development costs and production costs. Hence, an increase in either one of the costs can significantly influence an escalation in costs and elongation of the delivery period. An aircraft engine is manufactured after several R&D activities. Each technological development can open a new pathway to a research avenue. In short, the manufacturing of an aircraft engine is a time-consuming process with several hours of rigorous testing and documentation before commercially releasing the new engine. Furthermore, the cost associated with the beginning phase of production can significantly hinder the aircraft micro turbine engines market growth during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The aircraft micro turbine engines market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Aircraft Micro Turbine Engines Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the aircraft micro turbine engines market between 2023 and 2027
Precise estimation of the aircraft micro turbine engines market size and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the aircraft micro turbine engines market across North America, Europe, APAC, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of aircraft micro turbine engines market vendors

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Aircraft Micro Turbine Engines Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.7%

Market growth 2023-2027

USD 1,136.05 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.06

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 33%

Key countries

US, Canada, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AeroDesignWorks GmbH, AMT Netherlands B.V., Bowman Power Group Ltd., Ebara Corp., General Electric Co., Hawk Turbine AB, Ingenieurburo CAT M.Zipperer GmbH, Jets Munt S.L., Kratos Defense and Security Solutions Inc., MTT bv, PBS Group AS, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Stuttgart Engineering Propulsion Technologies UG, The Williams Co. Inc., TURBOTECH SAS, Honeywell International Inc., and Safran SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Platform
Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis 

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027 

Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global aircraft micro turbine engines market 2017 – 2021 

Exhibit 18: Historic Market Size – Data table on global aircraft micro turbine engines market 2017 – 2021 ($ million)

4.2 Platform Segment Analysis 2017 – 2021 

Exhibit 19: Historic Market Size – Platform Segment 2017 – 2021 ($ million)

4.3 End-user Segment Analysis 2017 – 2021 

Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

4.4 Geography Segment Analysis 2017 – 2021 

Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

4.5 Country Segment Analysis 2017 – 2021 

Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

5.2 Bargaining power of buyers 

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers 

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants 

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes 

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Platform

6.1 Market segments

Exhibit 30: Chart on Platform – Market share 2022-2027 (%)
Exhibit 31: Data Table on Platform – Market share 2022-2027 (%)

6.2 Comparison by Platform 

Exhibit 32: Chart on Comparison by Platform
Exhibit 33: Data Table on Comparison by Platform

6.3 General aviation – Market size and forecast 2022-2027 

Exhibit 34: Chart on General aviation – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on General aviation – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on General aviation – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on General aviation – Year-over-year growth 2022-2027 (%)

6.4 Commercial aviation – Market size and forecast 2022-2027 

Exhibit 38: Chart on Commercial aviation – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Commercial aviation – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Commercial aviation – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial aviation – Year-over-year growth 2022-2027 (%)

6.5 Military aviation – Market size and forecast 2022-2027 

Exhibit 42: Chart on Military aviation – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Military aviation – Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Military aviation – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Military aviation – Year-over-year growth 2022-2027 (%)

6.6 Advanced air mobility – Market size and forecast 2022-2027 

Exhibit 46: Chart on Advanced air mobility – Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Advanced air mobility – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Advanced air mobility – Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Advanced air mobility – Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Platform 

Exhibit 50: Market opportunity by Platform ($ million)

7 Market Segmentation by End-user

7.1 Market segments

Exhibit 51: Chart on End-user – Market share 2022-2027 (%)
Exhibit 52: Data Table on End-user – Market share 2022-2027 (%)

7.2 Comparison by End-user 

Exhibit 53: Chart on Comparison by End-user
Exhibit 54: Data Table on Comparison by End-user

7.3 Propulsion – Market size and forecast 2022-2027 

Exhibit 55: Chart on Propulsion – Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Propulsion – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Propulsion – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Propulsion – Year-over-year growth 2022-2027 (%)

7.4 Auxiliary power – Market size and forecast 2022-2027 

Exhibit 59: Chart on Auxiliary power – Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Auxiliary power – Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Auxiliary power – Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Auxiliary power – Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by End-user 

Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

8.1 Customer landscape overview 

Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation 

Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison 

Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison

9.3 North America – Market size and forecast 2022-2027 

Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)

9.4 Europe – Market size and forecast 2022-2027 

Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)

9.5 APAC – Market size and forecast 2022-2027 

Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa – Market size and forecast 2022-2027 

Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

9.7 South America – Market size and forecast 2022-2027 

Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

9.8 US – Market size and forecast 2022-2027 

Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

9.9 Germany – Market size and forecast 2022-2027 

Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)

9.10 France – Market size and forecast 2022-2027 

Exhibit 97: Chart on France – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on France – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on France – Year-over-year growth 2022-2027 (%)

9.11 Canada – Market size and forecast 2022-2027 

Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)

9.12 Japan – Market size and forecast 2022-2027 

Exhibit 105: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan – Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography 

Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges 

Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 112: Overview on factors of disruption

11.4 Industry risks

Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 114: Vendors covered

12.2 Market positioning of vendors 

Exhibit 115: Matrix on vendor position and classification

12.3 AeroDesignWorks GmbH

Exhibit 116: AeroDesignWorks GmbH – Overview
Exhibit 117: AeroDesignWorks GmbH – Product / Service
Exhibit 118: AeroDesignWorks GmbH – Key offerings

12.4 AMT Netherlands B.V.

Exhibit 119: AMT Netherlands B.V. – Overview
Exhibit 120: AMT Netherlands B.V. – Product / Service
Exhibit 121: AMT Netherlands B.V. – Key offerings

12.5 Ebara Corp.

Exhibit 122: Ebara Corp. – Overview
Exhibit 123: Ebara Corp. – Business segments
Exhibit 124: Ebara Corp. – Key offerings
Exhibit 125: Ebara Corp. – Segment focus

12.6 General Electric Co.

Exhibit 126: General Electric Co. – Overview
Exhibit 127: General Electric Co. – Business segments
Exhibit 128: General Electric Co. – Key news
Exhibit 129: General Electric Co. – Key offerings
Exhibit 130: General Electric Co. – Segment focus

12.7 Hawk Turbine AB

Exhibit 131: Hawk Turbine AB – Overview
Exhibit 132: Hawk Turbine AB – Product / Service
Exhibit 133: Hawk Turbine AB – Key offerings

12.8 Honeywell International Inc. 

Exhibit 134: Honeywell International Inc. – Overview
Exhibit 135: Honeywell International Inc. – Business segments
Exhibit 136: Honeywell International Inc. – Key news
Exhibit 137: Honeywell International Inc. – Key offerings
Exhibit 138: Honeywell International Inc. – Segment focus

12.9 Ingenieurburo CAT M.Zipperer GmbH 

Exhibit 139: Ingenieurburo CAT M.Zipperer GmbH – Overview
Exhibit 140: Ingenieurburo CAT M.Zipperer GmbH – Product / Service
Exhibit 141: Ingenieurburo CAT M.Zipperer GmbH – Key offerings

12.10 Jets Munt S.L.

Exhibit 142: Jets Munt S.L. – Overview
Exhibit 143: Jets Munt S.L. – Product / Service
Exhibit 144: Jets Munt S.L. – Key offerings

12.11 Kratos Defense and Security Solutions Inc. 

Exhibit 145: Kratos Defense and Security Solutions Inc. – Overview
Exhibit 146: Kratos Defense and Security Solutions Inc. – Business segments
Exhibit 147: Kratos Defense and Security Solutions Inc. – Key offerings
Exhibit 148: Kratos Defense and Security Solutions Inc. – Segment focus

12.12 MTT bv

Exhibit 149: MTT bv – Overview
Exhibit 150: MTT bv – Product / Service
Exhibit 151: MTT bv – Key offerings

12.13 PBS Group AS

Exhibit 152: PBS Group AS – Overview
Exhibit 153: PBS Group AS – Product / Service
Exhibit 154: PBS Group AS – Key offerings

12.14 Rolls Royce Holdings Plc 

Exhibit 155: Rolls Royce Holdings Plc – Overview
Exhibit 156: Rolls Royce Holdings Plc – Business segments
Exhibit 157: Rolls Royce Holdings Plc – Key news
Exhibit 158: Rolls Royce Holdings Plc – Key offerings
Exhibit 159: Rolls Royce Holdings Plc – Segment focus

12.15 Stuttgart Engineering Propulsion Technologies UG 

Exhibit 160: Stuttgart Engineering Propulsion Technologies UG – Overview
Exhibit 161: Stuttgart Engineering Propulsion Technologies UG – Product / Service
Exhibit 162: Stuttgart Engineering Propulsion Technologies UG – Key offerings

12.16 The Williams Co. Inc. 

Exhibit 163: The Williams Co. Inc. – Overview
Exhibit 164: The Williams Co. Inc. – Business segments
Exhibit 165: The Williams Co. Inc. – Key offerings
Exhibit 166: The Williams Co. Inc. – Segment focus

12.17 TURBOTECH SAS

Exhibit 167: TURBOTECH SAS – Overview
Exhibit 168: TURBOTECH SAS – Product / Service
Exhibit 169: TURBOTECH SAS – Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist 

Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist

13.3 Currency conversion rates for US$ 

Exhibit 172: Currency conversion rates for US$

13.4 Research methodology

Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources

13.5 List of abbreviations 

Exhibit 176: List of abbreviations

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