Skip to main content

Aircraft Microturbine Engine Market Emerging Growth Rate, Application, Market Share and Forecast to 2030


 

The COVID-19 pandemic has a considerable impact on the aircraft microturbine engine market. The outbreak of pandemic has led to major lockdown situations in most of the countries across the world. During this period, the utilization of drones and eVTOL has increased due to their efficiency in population surveillance during the lockdown period. The majority of the developed, as well as developing countries prefer to use drones to keep an eye on the population and ensure their safety. For instance, in March 2020, EHang, one of the China-based aircraft manufacturers offered 61 passenger grade drones for the surveillance of the general population. Such types of activities represent the vast applicability of these machines during viral outbreaks. During this unprecedented situation, we are helping our clients in understanding the impact of COVID19 on the global aircraft microturbine engine market. 

Our report includes:

  • Technological Impact
  • Social Impact
  • Investment Opportunity Analysis
  • Pre- & Post-COVID Market Scenario
  • Infrastructure Analysis
  • Supply Side & Demand Side Impact

As per a new report published by Research Dive, the global aircraft microturbine engine market is set to generate revenue of $125.2 million by 2029, at a CAGR of 9.5% during the forecast period. The segmentation of the market has been done based on end-use, engine type, platform, horsepower, fuel type, application, and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analyst estimates, low operating & maintenance costs are significant factors accelerating the growth of the aircraft microturbine engine market. However, the higher acquisition cost of microturbine engines has obstructed the growth of the global aircraft microturbine engine market.

Get an access to the all-inclusive PDF Sample of Aircraft Microturbine Engine Market@ https://www.researchdive.com/download-sample/192

OEM to Dominate the Market during the Forecast Period

Based on end-use, the global market for aircraft microturbine engines is segmented into OEM and aftermarket. The OEM market accounted for $83.9 million in revenue in 2029 and is expected to grow at 8.9% CAGR. The growth of the OEM segment is primarily attributed to its cost benefits which are directly related to the minimal cost of production.

Based on engine type, the global market is segmented into turbojet MTE and turboshaft MTE. The market size for the turboshaft MTE segment accounted for $65.1 million in 2029 and is all set to rise at a CAGR of 10.3% during the period of forecast. Higher adoption of turboshaft MTE for the incorporation of the majority of aircrafts is likely to drive the segment growth. 

VTOL Segment to be Most Lucrative

Based on the platform, the global market for aircraft microturbine engine is classified into VTOL, air taxi, cargo aerial vehicle, ultra-light aircraft, business jet, military trainer aircraft, and military unmanned aerial vehicles. The market size for VTOL was $27.5 million in 2029 and is estimated to grow at 10.8% CAGR. Higher adoption of military unmanned aerial vehicles is anticipated to offer growth for the segment in the global market.

Based on horsepower, the global market is segmented into 5-50 HP, 50-100 HP, and 100-200 HP. 5-20 HP horsepower segment generated a revenue of $27.5 million in 2029 and is anticipated to grow at 10.8% CAGR during the period of forecast.

Biofuel to Hold Significant Market Share 

Based on fuel type, the global market for aircraft microturbine engine is classified into kerosene, diesel, Jet-A, biofuel, and synthetic fuel. The market size for biofuel was $53.6 million in 2029 and is estimated to grow at 10.4% CAGR. The significant consumption of biofuels is predicted to contribute to the segment growth.

Based on application, the global market is segmented into civil, urban air mobility, and unmanned military. The urban air mobility segment generated a revenue of $32.5 million in 2029 and is anticipated to grow at 10.0% CAGR during the period of forecast.

Speak to Analyst or Schedule a Call to get more Insights of Aircraft Microturbine Engine Market@ https://www.researchdive.com/connect-to-analyst/192

Geographical Analysis and Major Market Players

Based on region, the global aircraft microturbine engine market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia-Pacific aircraft microturbine engine market accounted for $32.4 million in 2029 and is anticipated to rise at 10.0% CAGR throughout the forecast period. The developing economy and increasing investments in aircraft technologies are expected to offer a lucrative opportunity for the Asia Pacific market growth. 

The major players of the global aircraft microturbine engine market include UAV Turbines, Inc., Honeywell International Inc, Rolls-Royce plc, Kratos Defense & Security Solutions, Inc., Elliott Group, AeroDesignWorks GmbH, JetsMunt SL, GE, AMT Netherlands B.V., and PBS Group.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...
Post a Comment
Read more

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, ...
2 comments
Read more

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...
Post a Comment
Read more