Aero Turbofan Engine Market Research Report Released with growth, latest trends & forecasts To 2024

1
Aero Turbofan Engine Market Share, Trends, Growth
and Industry Forecast To 2024
2
Aero Turbofan Engine Industry Background

• Industry players focus on improving the product
  performance to conform to the stringent emission
  regulations. Players are consistently working on
  developing requisite technologies to improve
  product efficiency. Increasing research
  activities may open new growth opportunities for
  the manufacturers over the forecast timeframe.
• Technological innovations are driving the product
  acceptance across the aviation industry over the
  projected time span. Incorporation of geared
  turbofan concept in the basic form will minimize
  thrust specific fuel consumption, fan blade tip
  speed, and overall product weight. Airbus,
  Mitsubishi, Irkut, Bombardier, and Embraer are
  few industry participants who have chosen the
  geared turbofan for their short medium haul
  aircraft and new regional jet planes.

3
Aero Turbofan Engine System Industry Overview

• Aero Turbofan Engine Market mainly driven by
  aircraft such as light fighters, business jets,
  single aisle transports, heavy jet transports,
  and trainer aircrafts. Increasing air traffic due
  to growth in tourism, rising middle class
  population, and high living standards
  significantly contributes industry demand over
  the forecast timeline.
• The International Civil Aviation Organization
  (ICAO) has mandated manufacturers to reduce
  harmful emissions which makes the manufactures to
  spend heavily on RD to enhance aircraft
  technology. For instance, manufacturers are
  developing enhanced planetary gearboxes that will
  be incorporated on main shafts of the engine.
  These gearboxes will enhance product performance
  thereby complying to pollution standards.
  Advancements in the engine parts will enhance the
  industry size over the projected time span.

4
Aero Turbofan Engine Industry By Region

• Asia Pacific aero turbofan engine market size is
  estimated to be the fastest growing region owing
  to emerging economies such as India and China.
  For instance, in December 2016, China powered up
  its military jet engines technology to wean
  itself off from Russia imports. Advancements in
  product design, radar systems, and home-grown
  turbofan technology showcased that the country is
  no more reliant on Russian products for next
  generation of fighter planes. In addition, India
  introduced Hindustan Turbofan Engine 25 (HTFE-25)
  in Aero India-2017 that will be ready for first
  flight by 2018. This was pitched and designed to
  power business jets and trainer aircrafts in the
  twin engine configuration.

5

Latest Research Report On Aero Turbofan Engine
Market _at_ https//www.gminsights.com/industry-analy
sis/aero-turbofan-engine-market Request for
TOC of this research report _at_ https//www.gminsigh
ts.com/request-toc/upcoming/2370
6
Aero Turbofan Engine Industry By Application

• Electrification of primary power in the aircrafts
  is gaining interest owing to intrinsic
  limitations of turbofan technology. Electric
  products offer light weight, compact, modular
  unit, easy control, minimal maintenance, ease of
  integration, low noise level, reduced operating
  costs, and designed with inherent robustness.
  Targeted applications include flight training and
  air taxi for private pilots. This may negatively
  affect the aero turbofan engine market share over
  the next eight years.

7
Competitive Aero Turbofan Engine Industry Share

• Global industry players are Safran Aircraft
  Engines, General Electric, Honda Aero, Lufthansa,
  IHI Corporation, MTU Aero Engines, Pratt
  Whitney, CFM International, UEC PERM Engines,
  Rolls-Royce Holdings PLC, and Honeywell
  International Inc.
• Manufacturers are focusing on enhancing the
  product performance and conforming to stringent
  environmental norms. For instance, in November
  2014, Honda Aero announced production launch of
  HF120 turbofan engine in its North Carolina
  manufacturing facility. Industry participants are
  engaged in mergers and acquisitions to combine
  production, research activities, and aviation
  expertise of the two companies.

8
Stay In Touch Website www.gminsights.com Soci
al Media