Global Commercial Aircraft Gas Turbine Engine Market 2017-2021 - Market to Grow at a CAGR of 5.40%
DUBLIN, June 30, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Commercial Aircraft Gas Turbine Engine Market 2017-2021" report to their offering.
The global commercial aircraft gas turbine engine market to grow at a CAGR of 5.40% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global commercial aircraft gas turbine engine market for 2017-2021. To calculate the market size, the report considers the new installations of commercial aircraft gas turbine engines during the forecast period. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is emergence of 3D printed engine components. The 3D printing process, also known as additive manufacturing, involves synthesizing successive layers of materials with the support of computerized control technology or computer-aided design (CAD) to produce an object or component. This process permits producers to manufacture small and micro-components of almost any shape or size.
It also allows manufacturers to reduce the overall weight of the components such as those of an aircraft engine. This advanced printing method allows cost-efficient and just-in-time production of parts and components while permitting quick design and rapid alteration of internal features of the components, which would not be possible with traditional manufacturing methods.
According to the report, one of the major drivers for this market is advances in existing gas turbine engine technology. The primary intent of aircraft operators/airlines is to ensure an operational engine that can reflect increased fuel efficiency while lowering the overall cost incurred during operation or maintenance. For the airlines, the maintenance and overhauling of aero-engine parts and components incur significant costs, and this will have a significant impact on the operational costs. Therefore, emphasis has been laid on choosing advanced materials that can help extend the durability and service life of an operational engine while ensuring efficient performance.
Further, the report states that one of the major factors hindering the growth of this market is high cost of material. Modern jet engines have enabled the development of large and efficient commercial aircraft, which have subsequently transformed the air transportation industry. These engines comprise several critical components, including a combustion chamber, multistage compressor, nozzle, and turbine.
The aircraft engines components, such as the turbine blades and vanes, are strong, corrosion-resistant, and lightweight. Such features enable them to operate under high stress and temperature conditions. These components must remain operational for the entire lifetime of the engine (typically 10,000 flights).
Key vendors
- CFM International
- GE Aviation
- IAE
- Pratt & Whitney
- Rolls-Royce
Other prominent vendors
- Aviadvigatel
- Engine Alliance
- Lycoming
- MTU Aero Engines
- PowerJet
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Market share by key engines sales
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/6dxlhs/global_commercial
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