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!

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).

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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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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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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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