Aero Engine Market
Trending Highlights of the Market:
Aero Engines also known as Aircraft engines are primary propulsion devices that produce the necessary thrust to generate lift for the aircraft to fly. These engines were synonymous in design to reciprocating engines used in automobiles but in the present world, a shift from reciprocating engines to jet engines has been observed. Turbofan engines are the most common type of jet engines used in commercial aircraft, owing to their high bypass ratio and fuel efficiency. Manufacturers of aircraft engines are continuously engaged in creating such systems in order to reduce the overall weight and improve fuel efficiency and performance.
The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. With the aim of creating a worldwide competitive commercial aviation manufacturing industry, the government of China has adopted a strategy of first engaging in domestic production and assembly using foreign designs, then developing its own designs with foreign assistance, culminating in completely independent local development of a commercial aircraft without foreign assistance.
Some of the key market players of the Aero Engine Market are Pratt & Whitney, GE, Rolls-Royce, and Safran.
The Aero Engine Market is discussed on the basis of Product into Gas Turbine Engine, Piston Engine, Others, within which Gas Turbine Engine has been the most contributing segment of the market since the recent years. On the basis of Application into Commercial Aircraft, Military Aircraft, within which the Commercial Aircraft have the largest share to the market.