Global Aircraft Micro Turbine Engines Market Size study & Forecast, by Engine Type (Turboshaft, Turbojet) By Distribution Channel (OEM, Aftermarket) By Application (Civil, Defense, Others) and Regional Analysis, 2022-2029

Description

List of Tables

Global Aircraft Micro Turbine Engines Market is valued approximately USD 2.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2022-2029. Aircraft micro turbine engines are small, lightweight engines that are used to power small aircraft such as drones, helicopters, and light planes. These engines are typically less than 100 pounds in weight and 000can produce up to 150 horsepower. The Aircraft Micro Turbine Engines market is expanding because of factors such as increase in air passenger traffic and increase in procurement of military aircraft.

Micro turbine engines work by compressing air and mixing it with fuel in a combustion chamber. The resulting hot gases are then used to drive a turbine which generates power. The exhaust gases are then expelled from the engine. Its prevalence has progressively increased during the last few decades. According to the Statista, there were over 400 airports and airstrips in India, with 153 of them operational. In the year 2022, airports in India handled over 188 million passengers, with over 22 million of them being international travelers. Furthermore, in 2021, it is estimated that the number of air passengers traveling to and from the U.S. was 99 million. Another important component driving space increase is procurement of military aircraft. As per Statista, with over 14,500 military aircraft, Asia-Pacific is the region with the highest number of military aircraft in 2021. In the same year, the United States accounted for a quarter of the global military aircraft fleet. In addition, in 2023, NATO members possessed around 20,633 military aircraft units, with 7,175 of these being non-combat helicopters. Another 3,398 aircraft were fighter jets. Also, rising government initiatives in micro turbine technology and a rise in the number of development programs for electric aircraft would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Aircraft Micro Turbine Engines stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Aircraft Micro Turbine Engines Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players in the region. According to the Statista, in 2020, CFM International held 38% of the commercial aircraft engine market in North America. General Electric Aviation came third, with 29 percent of the North American market. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as growing number of populations resulting in increasing number of air passenger traffic in the market space.

Major market players included in this report are:

AeroDesignWorks GmbH
Elliott Company
General Electric Company
Honeywell International Inc.
Kratos Defense & Security Solutions, Inc.
Micro Turbine Technology B.V.
PBS Group. a.s.
Sentient Blue Technologies
Turbotech SAS
Williams International

Recent Developments in the Market:

In January 2023, GE Gas Power and IHI Corporation collaborate together for the development of ammonia combustion technologies for industrial gas turbines to generate electricity with low or minimum carbon emissions. The collaboration helps in global transition to a lower-carbon future in the power generating industry.

Global Aircraft Micro Turbine Engines Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Engine Type, Distribution Channel, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Engine Type

Turboshaft
Turbojet

By Distribution Channel

OEM
Aftermarket

By Application

Civil
Defense
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Aircraft Micro Turbine Engine Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Aircraft Micro Turbine Engine Market, by Engine Type, 2019-2029 (USD Billion)
- 1.2.3. Aircraft Micro Turbine Engine Market, by Distribution Channel, 2019-2029 (USD Billion)
- 1.2.4. Aircraft Micro Turbine Engine Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Aircraft Micro Turbine Engine Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Aircraft Micro Turbine Engine Market Dynamics

3.1. Aircraft Micro Turbine Engine Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increase in air passenger traffic.
  - 3.1.1.2. Increase in procurement of military aircraft.
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Aircraft Micro Turbine Engine
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising government initiatives in micro turbine technology
  - 3.1.3.2. Rise in the number of development programs for electric aircraft

Chapter 4. Global Aircraft Micro Turbine Engine Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Aircraft Micro Turbine Engine Market, by Engine Type

6.1. Market Snapshot
6.2. Global Aircraft Micro Turbine Engine Market by Engine Type, Performance - Potential Analysis
6.3. Global Aircraft Micro Turbine Engine Market Estimates & Forecasts by Engine Type 2019-2029 (USD Billion)
6.4. Aircraft Micro Turbine Engine Market, Sub Segment Analysis
- 6.4.1. Turboshaft
- 6.4.2. Turbojet

Chapter 7. Global Aircraft Micro Turbine Engine Market, by Distribution Channel

7.1. Market Snapshot
7.2. Global Aircraft Micro Turbine Engine Market by Distribution Channel, Performance - Potential Analysis
7.3. Global Aircraft Micro Turbine Engine Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
7.4. Aircraft Micro Turbine Engine Market, Sub Segment Analysis
- 7.4.1. OEM
- 7.4.2. Aftermarket

Chapter 8. Global Aircraft Micro Turbine Engine Market, by Application

8.1. Market Snapshot
8.2. Global Aircraft Micro Turbine Engine Market by Application , Performance - Potential Analysis
8.3. Global Aircraft Micro Turbine Engine Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Aircraft Micro Turbine Engine Market, Sub Segment Analysis
- 8.4.1. Civil
- 8.4.2. Defense
- 8.4.3. Others

Chapter 9. Global Aircraft Micro Turbine Engine Market, Regional Analysis

9.1. Aircraft Micro Turbine Engine Market, Regional Market Snapshot
9.2. North America Aircraft Micro Turbine Engine Market
- 9.2.1. U.S. Aircraft Micro Turbine Engine Market
  - 9.2.1.1. Engine Type breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Distribution Channel breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Aircraft Micro Turbine Engine Market
9.3. Europe Aircraft Micro Turbine Engine Market Snapshot
- 9.3.1. U.K. Aircraft Micro Turbine Engine Market
- 9.3.2. Germany Aircraft Micro Turbine Engine Market
- 9.3.3. France Aircraft Micro Turbine Engine Market
- 9.3.4. Spain Aircraft Micro Turbine Engine Market
- 9.3.5. Italy Aircraft Micro Turbine Engine Market
- 9.3.6. Rest of Europe Aircraft Micro Turbine Engine Market
9.4. Asia-Pacific Aircraft Micro Turbine Engine Market Snapshot
- 9.4.1. China Aircraft Micro Turbine Engine Market
- 9.4.2. India Aircraft Micro Turbine Engine Market
- 9.4.3. Japan Aircraft Micro Turbine Engine Market
- 9.4.4. Australia Aircraft Micro Turbine Engine Market
- 9.4.5. South Korea Aircraft Micro Turbine Engine Market
- 9.4.6. Rest of Asia Pacific Aircraft Micro Turbine Engine Market
9.5. Latin America Aircraft Micro Turbine Engine Market Snapshot
- 9.5.1. Brazil Aircraft Micro Turbine Engine Market
- 9.5.2. Mexico Aircraft Micro Turbine Engine Market
- 9.5.3. Rest of Latin America Aircraft Micro Turbine Engine Market
9.6. Rest of The World Aircraft Micro Turbine Engine Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. AeroDesignWorks GmbH
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Elliott Company
- 10.2.3. General Electric Company
- 10.2.4. Honeywell International Inc.
- 10.2.5. Kratos Defense & Security Solutions, Inc.
- 10.2.6. Micro Turbine Technology B.V.
- 10.2.7. PBS Group. a.s.
- 10.2.8. Sentient Blue Technologies
- 10.2.9. Turbotech SAS
- 10.2.10. Williams International

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Aircraft Micro Turbine Engine Market, report scope
TABLE 2. Global Aircraft Micro Turbine Engine Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Aircraft Micro Turbine Engine Market estimates & forecasts by Engine Type 2019-2029 (USD Billion)
TABLE 4. Global Aircraft Micro Turbine Engine Market estimates & forecasts by Distribution Channel 2019-2029 (USD Billion)
TABLE 5. Global Aircraft Micro Turbine Engine Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Aircraft Micro Turbine Engine Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Aircraft Micro Turbine Engine Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Aircraft Micro Turbine Engine Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Aircraft Micro Turbine Engine Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Aircraft Micro Turbine Engine Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Aircraft Micro Turbine Engine Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Aircraft Micro Turbine Engine Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Aircraft Micro Turbine Engine Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Aircraft Micro Turbine Engine Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Aircraft Micro Turbine Engine Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Aircraft Micro Turbine Engine Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Aircraft Micro Turbine Engine Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Aircraft Micro Turbine Engine Market
TABLE 71. List of primary sources, used in the study of global Aircraft Micro Turbine Engine Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Aircraft Micro Turbine Engine Market, research methodology
FIG 2. Global Aircraft Micro Turbine Engine Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Aircraft Micro Turbine Engine Market, key trends 2021
FIG 5. Global Aircraft Micro Turbine Engine Market, growth prospects 2022-2029
FIG 6. Global Aircraft Micro Turbine Engine Market, porters 5 force model
FIG 7. Global Aircraft Micro Turbine Engine Market, pest analysis
FIG 8. Global Aircraft Micro Turbine Engine Market, value chain analysis
FIG 9. Global Aircraft Micro Turbine Engine Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Aircraft Micro Turbine Engine Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Aircraft Micro Turbine Engine Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Aircraft Micro Turbine Engine Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Aircraft Micro Turbine Engine Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Aircraft Micro Turbine Engine Market, regional snapshot 2019 & 2029
FIG 15. North America Aircraft Micro Turbine Engine Market 2019 & 2029 (USD Billion)
FIG 16. Europe Aircraft Micro Turbine Engine Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Aircraft Micro Turbine Engine Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Aircraft Micro Turbine Engine Market 2019 & 2029 (USD Billion)
FIG 19. Global Aircraft Micro Turbine Engine Market, company Market share analysis (2021)