Aircraft engines market size in America will grow by USD 7,573.11 million; Driven by growing urbanization and increasing global passenger traffic - Technavio

NEW YORK, Feb. 14, 2023 /PRNewswire/ -- The aircraft engines market size in America is forecast to increase by USD 7,573.11 million from 2022 to 2027, at a CAGR of 5.63%, according to the recent market study by Technavio. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 21,121.66 million. The growth of the market will be driven by growing urbanization and increasing global passenger traffic, high spending on aircraft, and strategic partnership and collaboration. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Aero Sport Power, Barnes Group Inc., Bombardier Recreational Products Inc., Continental Aerospace Technologies, Crane Co., Deltahawk Engines Inc., Franklin Aircraft Engines Inc., General Electric Co., Honeywell International Inc., IHI Corp., Lockheed Martin Corp., MTU Aero Engines AG, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Safran SA, Textron Inc., The Williams Co. Inc., Viking Aircraft Engines, Aeromarine LSA, and Magellan Aerospace Corp.

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

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The market is segmented by type (turbofan, turboprop, turboshaft, and piston) and application (commercial aircraft, business jet, and military aircraft).

Segmentation by Type (Inclusion/Exclusion)

• The market growth in the turbofan segment will be significant during the forecast period. The growth of this segment is primarily driven by the benefits offered by turbofans such as high efficiency, and quiet operations. With the growth in the number of aircraft and rising air traffic, the demand for turbofans will increase during the forecast period.

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What are the key data covered in this aircraft engines market in America report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the aircraft engines market in America between 2023 and 2027
• Precise estimation of the size of the aircraft engines market in America and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the aircraft engines market in 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 engines market vendors in America

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• The aircraft micro turbine engines market is estimated to grow at a CAGR of 6.7% between 2022 and 2027. The size of the market is forecast to increase by USD 1,136.05 million. The advancements in engine technologies are notably driving the market growth, although factors such as high production costs and delays in engine deliveries may impede the market growth.
• The aircraft fuel systems market is estimated to grow at a CAGR of 6.64% between 2022 and 2027. The size of the market is forecast to increase by USD 1,808.81 million. The use of a measured quantity of fuel onboard to optimize performance is notably driving the market growth, although factors such as the deterioration of fuel tanks due to fungal growth may impede the market growth.

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 Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• 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 Americas - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Americas: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

4 Historic Market Size

• 4.1 Aircraft engines market in Americas 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Aircraft engines market in Americas 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Country Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 29: Chart on Type - Market share 2022-2027 (%)
• Exhibit 30: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 31: Chart on Comparison by Type
• Exhibit 32: Data Table on Comparison by Type

• 6.3 Turbofan - Market size and forecast 2022-2027
• Exhibit 33: Chart on Turbofan - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Turbofan - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Turbofan - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Turbofan - Year-over-year growth 2022-2027 (%)

• 6.4 Turboprop - Market size and forecast 2022-2027
• Exhibit 37: Chart on Turboprop - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Turboprop - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Turboprop - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Turboprop - Year-over-year growth 2022-2027 (%)

• 6.5 Turboshaft - Market size and forecast 2022-2027
• Exhibit 41: Chart on Turboshaft - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Data Table on Turboshaft - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Chart on Turboshaft - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Turboshaft - Year-over-year growth 2022-2027 (%)

• 6.6 Piston - Market size and forecast 2022-2027
• Exhibit 45: Chart on Piston - Market size and forecast 2022-2027 ($ million)
• Exhibit 46: Data Table on Piston - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Chart on Piston - Year-over-year growth 2022-2027 (%)
• Exhibit 48: Data Table on Piston - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 49: Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 50: Chart on Application - Market share 2022-2027 (%)
• Exhibit 51: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 52: Chart on Comparison by Application
• Exhibit 53: Data Table on Comparison by Application

• 7.3 Commercial aircraft - Market size and forecast 2022-2027
• Exhibit 54: Chart on Commercial aircraft - Market size and forecast 2022-2027 ($ million)
• Exhibit 55: Data Table on Commercial aircraft - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Chart on Commercial aircraft - Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on Commercial aircraft - Year-over-year growth 2022-2027 (%)

• 7.4 Business jet - Market size and forecast 2022-2027
• Exhibit 58: Chart on Business jet - Market size and forecast 2022-2027 ($ million)
• Exhibit 59: Data Table on Business jet - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Chart on Business jet - Year-over-year growth 2022-2027 (%)
• Exhibit 61: Data Table on Business jet - Year-over-year growth 2022-2027 (%)

• 7.5 Military aircraft - Market size and forecast 2022-2027
• Exhibit 62: Chart on Military aircraft - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Data Table on Military aircraft - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Chart on Military aircraft - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on Military aircraft - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 66: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 68: Chart on Market share by geography - 2022-2027 (%)
• Exhibit 69: Data Table on Market share by geography - 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 70: Chart on Geographic comparison
• Exhibit 71: Data Table on Geographic comparison

• 9.3 US - Market size and forecast 2022-2027
• Exhibit 72: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 75: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.4 Canada - Market size and forecast 2022-2027
• Exhibit 76: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 79: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.5 Mexico - Market size and forecast 2022-2027 
• Exhibit 80: Chart on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Data Table on Mexico - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Chart on Mexico - Year-over-year growth 2022-2027 (%)
• Exhibit 83: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

• 9.6 Brazil - Market size and forecast 2022-2027
• Exhibit 84: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Chart on Brazil - Year-over-year growth 2022-2027 (%)
• Exhibit 87: Data Table on Brazil - Year-over-year growth 2022-2027 (%)

• 9.7 Rest of Americas - Market size and forecast 2022-2027
• Exhibit 88: Chart on Rest of Americas - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Data Table on Rest of Americas - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Chart on Rest of Americas - Year-over-year growth 2022-2027 (%)
• Exhibit 91: Data Table on Rest of Americas - Year-over-year growth 2022-2027 (%)

• 9.8 Market opportunity by geography 
• Exhibit 92: 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 93: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 94: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 95: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 96: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 97: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 98: Matrix on vendor position and classification

• 12.3 Aero Sport Power 
• Exhibit 99: Aero Sport Power - Overview
• Exhibit 100: Aero Sport Power - Product / Service
• Exhibit 101: Aero Sport Power - Key offerings

• 12.4 Aeromarine LSA 
• Exhibit 102: Aeromarine LSA - Overview
• Exhibit 103: Aeromarine LSA - Product / Service
• Exhibit 104: Aeromarine LSA - Key offerings

• 12.5 Bombardier Recreational Products Inc. 
• Exhibit 105: Bombardier Recreational Products Inc. - Overview
• Exhibit 106: Bombardier Recreational Products Inc. - Business segments
• Exhibit 107: Bombardier Recreational Products Inc. - Key offerings
• Exhibit 108: Bombardier Recreational Products Inc. - Segment focus

• 12.6 Continental Aerospace Technologies 
• Exhibit 109: Continental Aerospace Technologies - Overview
• Exhibit 110: Continental Aerospace Technologies - Product / Service
• Exhibit 111: Continental Aerospace Technologies - Key offerings

• 12.7 Deltahawk Engines Inc. 
• Exhibit 112: Deltahawk Engines Inc. - Overview
• Exhibit 113: Deltahawk Engines Inc. - Product / Service
• Exhibit 114: Deltahawk Engines Inc. - Key offerings

• 12.8 Franklin Aircraft Engines Inc. 
• Exhibit 115: Franklin Aircraft Engines Inc. - Overview
• Exhibit 116: Franklin Aircraft Engines Inc. - Product / Service
• Exhibit 117: Franklin Aircraft Engines Inc. - Key offerings

• 12.9 General Electric Co. 
• Exhibit 118: General Electric Co. - Overview
• Exhibit 119: General Electric Co. - Business segments
• Exhibit 120: General Electric Co. - Key news
• Exhibit 121: General Electric Co. - Key offerings
• Exhibit 122: General Electric Co. - Segment focus

• 12.10 Honeywell International Inc. 
• Exhibit 123: Honeywell International Inc. - Overview
• Exhibit 124: Honeywell International Inc. - Business segments
• Exhibit 125: Honeywell International Inc. - Key news
• Exhibit 126: Honeywell International Inc. - Key offerings
• Exhibit 127: Honeywell International Inc. - Segment focus

• 12.11 IHI Corp. 
• Exhibit 128: IHI Corp. - Overview
• Exhibit 129: IHI Corp. - Business segments
• Exhibit 130: IHI Corp. - Key news
• Exhibit 131: IHI Corp. - Key offerings
• Exhibit 132: IHI Corp. - Segment focus

• 12.12 MTU Aero Engines AG 
• Exhibit 133: MTU Aero Engines AG - Overview
• Exhibit 134: MTU Aero Engines AG - Business segments
• Exhibit 135: MTU Aero Engines AG - Key news
• Exhibit 136: MTU Aero Engines AG - Key offerings
• Exhibit 137: MTU Aero Engines AG - Segment focus

• 12.13 Raytheon Technologies Corp. 
• Exhibit 138: Raytheon Technologies Corp. - Overview
• Exhibit 139: Raytheon Technologies Corp. - Business segments
• Exhibit 140: Raytheon Technologies Corp. - Key news
• Exhibit 141: Raytheon Technologies Corp. - Key offerings
• Exhibit 142: Raytheon Technologies Corp. - Segment focus

• 12.14 Rolls Royce Holdings Plc 
• Exhibit 143: Rolls Royce Holdings Plc - Overview
• Exhibit 144: Rolls Royce Holdings Plc - Business segments
• Exhibit 145: Rolls Royce Holdings Plc - Key news
• Exhibit 146: Rolls Royce Holdings Plc - Key offerings
• Exhibit 147: Rolls Royce Holdings Plc - Segment focus

• 12.15 Safran SA 
• Exhibit 148: Safran SA - Overview
• Exhibit 149: Safran SA - Business segments
• Exhibit 150: Safran SA - Key news
• Exhibit 151: Safran SA - Key offerings
• Exhibit 152: Safran SA - Segment focus

• 12.16 Textron Inc. 
• Exhibit 153: Textron Inc. - Overview
• Exhibit 154: Textron Inc. - Business segments
• Exhibit 155: Textron Inc. - Key news
• Exhibit 156: Textron Inc. - Key offerings
• Exhibit 157: Textron Inc. - Segment focus

• 12.17 The Williams Co. Inc. 
• Exhibit 158: The Williams Co. Inc. - Overview
• Exhibit 159: The Williams Co. Inc. - Business segments
• Exhibit 160: The Williams Co. Inc. - Key offerings
• Exhibit 161: The Williams Co. Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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