Report Id: SNS/A&D/2341 | July 2022 | Region: Global | 127 Pages
Report Scope & Overview:
Aircraft Micro Turbine Engines Market Size was valued at USD 3.17 billion in 2022, expected to reach USD 4.98 billion by 2030, and grow at a CAGR of 5.8% over the forecast period 2023-2030.
Aircraft micro turbine engines are small-scale combustion turbines that use micro combustion to provide cogeneration, or the use of heat and electricity at the same time. It is popular because of its characteristics such as the use of a variety of fuels, small size, and efficiency. Because aircraft micro engines are compact, they take up relatively little room in the design and free up space for other components.
An aviation micro turbine engine, a small-scale combustion turbine, uses micro combustion to create cogeneration, or the simultaneous use of heat and electricity. It is popular due to characteristics such as fuel adaptability, compact size, and efficiency. Because of their compact size, aircraft micro engines may fit into tight areas, making room for other design aspects. Consider aircraft micro turbine engines to be possible and minor competitors to other propulsion system power sources, such as battery cells. However, the performance of each individual engine component influences overall engine performance. Micro turbine engines are becoming more widespread in both commercial and civil aircraft.
Micro turbine engines have low operating and maintenance expenses.
Stringent emission and noise rules must be enforced.
The high total temperature of systems limits their adoption.
Micro turbine Engines Are Expensive
Hybrid electric power generation technology is on the rise.
System development for distributed power generating
Micro turbine engines are expensive.
Micro turbine engine dependability in difficult situations
THE IMPACT OF COVID-19
The COVID-19 epidemic and subsequent lock downs have had a negative influence on the aviation sector. Every year, approximately 2 billion people use aircraft as a form of transportation, according to the International Air Transport Association (IATA). Because of the COVID-19 pandemic, the year 2020 saw a 60 percent drop in worldwide air travel, bringing the aviation sector to a halt.
To protect their employees, several organisations have already developed regulations that limit non-essential travel. Many organisations have investigated remote and flexible working arrangements, and supply networks have grown increasingly sophisticated and critical to their competitiveness. Their interconnected, global character also makes them more subject to a variety of hazards, as there are more possible sites of failure and less margin for error in absorbing delays and interruptions.
On the supply side, the COVID-19 epidemic has had a moderate influence on the aircraft micro-turbine engine industry. This impact is the result of order delivery delays caused by large-scale disruptions in the supply chain in affected countries. Some businesses in non-hotspot countries have resumed limited operations in accordance with government safety recommendations. Their manufacturing is slowed by a labour shortfall and an insufficient supply of components from other vendors and subsidiaries. New supply chain technologies are emerging, greatly enhancing visibility across the end-to-end supply chain and providing greater supply chain agility and resiliency without the typical overhead associated with risk management strategies.
The aftermarket segment is likely to dominate the market share in terms of installation. The aviation micro turbine engine aftermarket segment is limited to the replacement of auxiliary power units (APUs) after their service life ends. Because the aftermarket segment mostly replaces micro turbines on older aircraft, platforms such as light aircraft, military UAVs, and advanced air mobility are not included in the study (cargo drones and air taxis). APU replacement is only available from micro turbine engine manufacturers. Because many of these products have yet to be commercialized, the aftermarket for micro turbine engines of light aircraft, military UAVs, and advanced air mobility aircraft is futuristic. However, continued developments in micro turbine engine technology are projected to promote aftermarket growth.
The advanced air mobility segment is predicted to grow the fastest during the projection period, based on platform. The extraordinary urban population expansion is expected to spur the development of hybrid air taxis and unmanned cargo delivery systems. Several businesses are now working on the creation of air taxis, which are likely to be marketed in the future years. Air taxis can be operated manually or automatically, and they can take off and land vertically, making it easier for them to land in congested urban areas. Rolls-Royce (US), for example, announced the development of a comprehensive hybrid aerospace turbine engine, which is expected to open the way for testing flights on aircraft in the future.
A prototype of the APUS i-5 aircraft is being developed to show the commercial possibilities of hybrid-electric technology. The technique could be utilised to enable distributed electric propulsion in aircraft across a wide range of transport platforms, including VTOLs.
Furthermore, hybrid design is becoming favoured for intercity travel and cargo transportation. The usage of drones for point-to-point cargo and passenger delivery is expected to expand with the implementation of a viable Beyond Visual Line of Operations regulatory framework. Japan is one of the few countries that has tested big unmanned aerial vehicles (UAVs) for use in freight transport.
The market is divided into two segments based on engine type: turbojet and turboshaft. A turbojet engine is a type of jet engine that derives all of its thrust from the high-energy gas stream expelled via the exhaust nozzle. In contrast to turbofan or bypass engines, the whole volume of air entering the intake of a turbojet engine flows through the engine core. A turboshaft engine is a modified jet engine that produces shaft power rather than thrust for mechanical propulsion. Turboshaft engines, which are small, powerful, and lightweight, are commonly used in helicopters and auxiliary power units.
General Electric Company, Sentient Blue Technologies , Turbotech SAS, Williams International, AeroDesignWorks GmbH, Elliott Company, Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., Honeywell International Inc., PBS Group. a.s., other players.
KEY MARKET SEGMENTS:
by End Use:
Advanced Air Mobility
by Fuel Type:
by Engine Type:
Europe is predicted to lead the market for aviation micro turbine engines. The demand for stealth and long-lasting aerial vehicles for military operations in Europe is projected to increase soon. Key European market participants are getting into partnerships and collaborations to develop technologies and platforms that will broaden the applicability of aerial vehicles in border and coastal patrolling and homeland security. The UK government has granted permission for more than 130 commercial companies to operate unmanned aerial vehicles (UAVs) in civilian airspace, while France has approved limited UAV operations for national security purposes.
The market for aviation micro turbine engines will be driven by the desire for compact and efficient propulsion systems for military drones. The increase in the number of electric aircraft development programme, the development of aerial vehicles with advanced technology, and the increase in air traffic are the primary factors predicted to contribute to the growth of the market in this area during the forecast period.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 3.17 Billion|
|Market Size by 2030||US$ 4.98 Billion|
|CAGR||CAGR of 5.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By End Use (OEM, Aftermarket)
• By Platform (General Aviation, Commercial Aviation, Military Aviation, Advanced Air Mobility)
• By Fuel Type (Jet Fuel, Multi Fuel)
• By Engine Type (Turbo-shaft and Turbojet, Turboprop)
• By Application (Civil, Defense, and Others)
|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||General Electric Company, Sentient Blue Technologies , Turbotech SAS, Williams International, AeroDesignWorks GmbH, Elliott Company, Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., Honeywell International Inc., PBS Group. a.s.|
|KEY DRIVERS||• Micro turbine engines have low operating and maintenance expenses.
• Stringent emission and noise rules must be enforced.
|Restraints||• The high total temperature of systems limits their adoption.
• Micro turbine Engines Are Expensive
Frequently Asked Questions (FAQ) :
Yes, this report cover top down , bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Europe is predicted to lead the market for aviation micro turbine engines. The demand for stealth and long-lasting aerial vehicles for military operations in Europe is projected to increase soon.
According to SNS insiders, the global market size was USD 3 billion in 2021 and is expected to reach USD 4.45 billion by 2028.
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
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Aircraft Micro Turbine Engines Market, by End Use
9.Aircraft Micro Turbine Engines Market, by Platform
9.1 General Aviation
9.2 Commercial Aviation
9.3 Military Aviation
9.4 Advanced Air Mobility
10.Aircraft Micro Turbine Engines Market, by Fuel Type
10.1 Jet Fuel
10.2 Multi Fuel
11.Aircraft Micro Turbine Engines Market, by Engine Type
12.Aircraft Micro Turbine Engines Market, by Application
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14.1 General Electric Company
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Sentient Blue Technologies
14.3 Turbotech SAS
14.4 Williams International
14.5 AeroDesignWorks GmbH
14.6 Elliott Company
14.7 Kratos Defense & Security Solutions, Inc.
14.8 Micro Turbine Technology B.V.
14.9 Honeywell International Inc.
14.10 PBS Group. a.s.
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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