The Aircraft Micro Turbine Engines Market Size was valued at USD 3.17 billion in 2022 and is expected to reach USD 4.98 billion by 2030 with an emerging 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.
To get more information on Aircraft Micro Turbine Engines Market - Request Free Sample Report
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 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.
MARKET DYNAMICS
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
OPPORTUNITIES
Hybrid electric power generation technology is on the rise.
System development for distributed power generating
CHALLENGES
Micro turbine engines are expensive.
Micro turbine engine dependability in difficult situations
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.
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
Turbojet
Turboprop
By Application
Civil
Defense
Others
.png)
Need any customization research on Aircraft Micro Turbine Engines Market - Enquiry Now
REGIONAL ANALYSIS
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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
The Major Players are 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
Sentient Blue Technologies-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| 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 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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 |
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.
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.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aircraft Micro Turbine Engines Market Segmentation, by End Use
8.1 OEM
8.2 Aftermarket
9. Aircraft Micro Turbine Engines Market Segmentation, 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 Segmentation, by Fuel Type
10.1 Jet Fuel
10.2 Multi Fuel
11. Aircraft Micro Turbine Engines Market Segmentation, by Engine Type
11.1 Turbo-shaft
11.2 Turbojet
11.3 Turboprop
12. Aircraft Micro Turbine Engines Market Segmentation, by Application
12.1 Civil
12.2 Defense
12.3 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 General Electric Company
14.1.1 Financial
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
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automatic Identification System Market Size was valued at USD 257.44 million in 2022, expected to reach USD 359.05 million by 2030 with a growing CAGR of 5.5% over the forecast period 2023-2030.
The Shoulder Fired Weapons Market Size was valued at a CAGR of 4.80% over the forecast period 2023-2030.
The Small Arms Market Size was valued at USD 9.18 billion in 2022 and is expected to reach USD 11.06 billion by 2030 with a growing CAGR of 2.1% over the forecast period 2023-2030.
The Explosive Trace Detection Market Size was valued at 1137.50 million in 2022 and is expected to reach USD 2250.60 million by 2030 with a growing CAGR of 8.91% over the forecast period 2023-2030.
The Aircraft Docking Systems Market Size will grow at a CAGR of 3.20% over the forecast period 2023-2030.
The Drone Battery Market is expected to grow from USD 4.69 billion by 2022 to USD 20.81 billion by 2030, at a CAGR of 20.45 % from 2022 to 2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
