Report Id: SNS/A&D/2409 | July 2022 | Region: Global | 134 Pages
Report Scope & Overview:
Aircraft and Marine Turbochargers Market Size was valued at USD 0.282 billion in 2021 and US$ 0.286 billion in 2022, expected to reach USD 0.312 billion by 2028, and grow at a CAGR of 1.48% over the forecast period 2022-2028.
Turbochargers, also known as turbine operated forced induction devices, are used to boost the power output and efficiency of internal combustion engines in aircraft and ships (IC). It operates by forcing compressed air into the combustion chamber, improving the overall efficiency of aviation and marine engines. Turbochargers employ waste energy from the engine exhaust stream to power a turbine, which drives a compressor. This compressor pulls in ambient air, compresses it, and feeds it to the engine intake, resulting in a larger mass of air and, as a result, more fuel entering the cylinders during the intake stroke.
Furthermore, turbochargers play a significant function in all aircraft engines. When the aircraft is at a high altitude, it may experience a quick pressure drop of the ambient air. During that time, the turbochargers compress the air back to normal pressures in a fraction of a second. Furthermore, this process is known as turbo-normalization or pressure boost, which is also known as turbocharging, and it allows the engine to produce the rated power at high altitudes. As a result, this trait is critical in aeroplane mobility. Turbochargers, on the other hand, are utilised in engines of large ships and cruise ships to boost engine output capacity and power to weight ratio.
Rising Emerging Market Demand for Light Jets
Increased Concentration on Fuel-Efficient Aircraft Engines
Complex maintenance and hefty replacement costs can hinder market expansion.
3D Printing is being used to manufacture aircraft turbochargers.
Turbochargers for Marine Gasoline and Diesel Engines
Rates of Global Marine Freight
The Complex Design of Aircraft Turbochargers Leads to Difficulties in Maintenance
THE IMPACT OF COVID-19
Governments in major countries have declared a state of emergency because to the COVID-19 epidemic, which has caused a standstill in business. Furthermore, the lockout has had a negative impact on both the aircraft and marine industries. Because of the lockdown and travel restrictions, all aircraft were stranded at airports, significantly affecting the aviation industry. Furthermore, due to the possibility of the virus spreading, all cargo ships were stranded in the middle of the ocean and were not allowed to enter the port by authorities. The marine industry was impacted by the delayed delivery of products.
Furthermore, the pandemic interrupted all aircraft and ship manufacturing, which immediately impacted demand for aircraft and marine turbochargers. Furthermore, demand for ship and aeroplane maintenance fell during the epidemic, affecting demand for turbocharger replacement. Unavailability of workers for production and maintenance services, as well as raw materials for manufacturing, hampered the operation. Both aircraft and marine are emerging sectors that were impacted by the pandemic but are projected to recover and support the growth of the aircraft and marine turbocharger markets.
The compressor segment is likely to lead the aircraft and marine turbochargers market by component during the forecast period. Turbos often use compressor wheels, which are commonly built of aluminium alloys. However, titanium wheels machined on 5-axes mills are already being used in some commercial diesel and performance racing applications of aircraft and marine turbochargers. Despite their high cost, these wheels have been shown to reduce the number of premature failures of turbocharger components in high boost applications in aircraft and ships.
Turboprop engines are used in ultralight (turboprop) aircraft. These engines are a more advanced variant of traditional jet engines with propellers in the engine inlets. These propellers are rotated at high speeds by engine power, which is delivered to gearboxes. Because of the enormous size of the propellers, turboprop engines are only used in applications where the aircraft flies at moderate speeds. These engines are mostly utilised in general aviation. Because turboprop engines are more fuel-efficient than typical jet engines, the market for them is expected to rise during the forecast period.
The segment held the greatest proportion of the Aircraft and Marine Turbochargers Market in 2021 and is predicted to grow at the fastest rate from 2021 to 2028. Single turbo units are commonly found in aircraft, unmanned aerial vehicles, and marine engines. This is projected to drive the segment's growth. Twin Turbocharged During the projected period of 2021 to 2028, the segment is expected to increase rapidly. The growing need for twin turbo for small planes is projected to propel this category forward.
Main Turbo Systems, ABB, Cummins, Kawasaki Heavy Industries, MAN Energy Solutions, Textron Aviation Inc., PBS Velka Bites, Rolls-Royce, Hartzell Engine Technologies, Mitsubishi Heavy Industries, and other players.
Unmanned Aerial Vehicle
The European region is expected to have the highest share of the aircraft and marine turbochargers market. The presence of a large number of turbocharger manufacturers in the region, such as PBS Velka Bites (the Czech Republic), Rolls-Royce (UK), and ABB (Switzerland), can be linked to the expansion of the Europe aircraft and marine turbochargers market. Furthermore, the region's severe adoption of various emission requirements in countries such as Germany, the United Kingdom, and France is increasing demand for fuel-efficient engines, which is adding to the expansion of the market for aircraft and marine turbo chargers.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 0.282 Billion|
|Market Size by 2028||US$ 0.312 Billion|
|CAGR||CAGR of 1.48% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Component (Compressor, Turbine, and Shaft)
• By Technology (Single Turbo, Twin Turbo, and Electro-Assist Turbo)
• By Platform (Aircraft, Marine, and Unmanned Aerial Vehicle (UAV))
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Main Turbo Systems, ABB, Cummins, Kawasaki Heavy Industries, MAN Energy Solutions, Textron Aviation Inc., PBS Velka Bites, Rolls-Royce, Hartzell Engine Technologies, Mitsubishi Heavy Industries, and other players.|
|DRIVERS||• Rising Emerging Market Demand for Light Jets
• Increased Concentration on Fuel-Efficient Aircraft Engines
|RESTRAINTS||• Complex maintenance and hefty replacement costs can hinder market expansion.|
Frequently Asked Questions (FAQ) :
According to SNS insiders, the Global Aircraft and Marine Turbochargers Market size was USD 0.282 billion in 2021 and is expected to reach USD 0.312 billion by 2028 with a CAGR of 1.48% over the forecasted period.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
North America, Asia-Pacific, The Middle East & Africa, Latin America,Europe are the major five region covered in this report.
Yes, the complete report mention market key player wise report.
Rising Emerging Market Demand for Light Jets and Increased Concentration on Fuel-Efficient Aircraft Engines
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Aircraft and Marine Turbochargers Market, by Component
9.Aircraft and Marine Turbochargers Market, by Technology
9.1 Single Turbo
9.2 Twin Turbo
9.3 Electro-Assist Turbo
10.Aircraft and Marine Turbochargers Market, by Platform
10.3 Unmanned Aerial Vehicle
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Main Turbo Systems
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.4 Kawasaki Heavy Industries
12.5 MAN Energy Solutions
12.6 Textron Aviation Inc.
12.7 PBS Velka Bites
12.9 Hartzell Engine Technologies
12.10 Mitsubishi Heavy Industries
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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