Rajesh Vishwakarma en Aviation, Aircraft technician, aircraft mechanics Marketing Head • mark 29/8/2017 · 1 min de lectura · ~100

Did you hear about Increase in Demand for Lightweight Aircraft Engines

The aircraft engines market is projected to grow from an estimated USD 68.05 Billion in 2017 to USD 92.38 Billion by 2022, at a CAGR of 5.23% during the forecast period. Factors such as increase in aircraft deliveries and rising demand for fuel-efficient aircraft engines are expected to drive the aircraft engines market 

Major players in the aircraft engines market include General Aviation (U.S.), Pratt & Whitney (U.S.), Safran SA (France), and Rolls-Royce Holdings PLC (U.K.), among others.

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Turbofan type segment projected to witness the highest growth during the forecast period

By type, the turbofan segment of the aircraft engines market is projected to witness the highest growth during the forecast period. This growth is attributed to the recent increase in demand for turbofan engines by airlines around the world because of the fuel efficiency and reliability of these engines.

Did you hear about Increase in Demand for Lightweight Aircraft Engines

Commercial application segment projected to witness the highest growth during the forecast period

By application, the commercial segment of the aircraft engines market is projected to witness the highest growth during the forecast period. This growth is driven by the increase in the number of aircraft deliveries by major commercial aircraft manufacturers such as Airbus Group (France) and The Boeing Company (U.S.).

Military segment projected to witness the highest growth during the forecast period

The military application segment is projected to grow at the highest CAGR during the forecast period. The shorter replacement period of aircraft engines in military aircraft in comparison to commercial aircraft is expected to drive this segment in comparison to the other application segments in the aircraft engines market.

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