The Business Research Company’s report on the Aviation Gas Turbine Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the aviation gas turbine market’s growth in recent years?
The increasing numbers of global travelers are expected to propel the growth of the aviation gas turbine market. Global travelers refer to someone who frequently travels abroad or moved from one location to another location. Gas turbines operate on compression, combustion, and expansion principles. The air’s pressure and temperature rise as the air’s velocity decreases. This principle maintains power to weight ratio, thus providing more comfort during the flight. For instance, in 2022, according to the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based economic research, analysis, and statistics providing organization, total passenger movements increased from 1.23 million in November 2021 to 16.68 million passengers in November 2022. Therefore, increasing numbers of global travelers are driving the growth of the aviation gas turbine market.
Access Your Free Sample of the Global Aviation Gas Turbine Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9921&type=smp
How does the future projection of the aviation gas turbine market size compare to its historical growth?
The aviation gas turbine market size has grown strongly in recent years. It will grow from $11.4 billion in 2024 to $12.2 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasing air travel demand, regulatory changes, geopolitical factors, airline industry dynamics, supply chain and manufacturing trends.
The aviation gas turbine market size is expected to see strong growth in the next few years. It will grow to $15.64 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to green aviation initiatives, electrification trends, emerging markets and regional growth, cybersecurity concerns, materials innovation. Major trends in the forecast period include increased demand for fuel efficiency, advanced materials and technologies, rising importance of maintenance, repair, and overhaul (MRO) services, integration of digital technologies, shift towards sustainable aviation, growing urban air mobility (UAM) sector.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=9921&type=smp
Which key players are shaping the future of the aviation gas turbine market?
Major companies operating in the aviation gas turbine market include General Electric Company, CFM International Inc., Pratt & Whitney Co. Inc., Rolls-Royce Holdings plc, Avio SpA, Engine Alliance LLC, International Aero Engines AG, MTU Aero Engines AG, United Engine Corporation, Raytheon Technologies Corporation, Williams International Co. LLC, Safran Aircraft Engines, EuroJet Turbo GmbH, Honeywell International Inc., IHI Corporation, Klimov JSC, Kawasaki Heavy Industries Ltd., Safran SA, Solar Turbines Incorporated, Siemens Energy AG, Mitsubishi Heavy Industries Ltd., MAN Energy Solutions SE, MTU Turbomeca Rolls-Royce GmbH, Motor Sich JSC, Chromalloy Gas Turbine LLC, Capstone Turbine Corporation, GKN Aerospace Services Limited
What trends will propel the growth and evolution of the aviation gas turbine market?
Major companies operating in the aviation gas turbine market are focused on developing single-engine turboprops to enhance fuel efficiency, reduce operational costs, and improve performance in short-haul flights while catering to both commercial and private aviation sectors. Single-engine turboprop refers to an aircraft powered by a single turboprop engine, which combines features of both jet and propeller-driven engines. For instance, in February 2024, Piper Aircraft Inc., a US-based manufacturer, introduced the M700 Fury, a single-engine turboprop. Maximum cruise speed of 301 knots, making it the fastest single-engine aircraft in Piper’s history. Impressive climb rate of 2,048 feet per minute, which is approximately 30% higher than the M600. Offers six new interior schemes for personalization, allowing customers to choose from various color palettes and premium materials to enhance comfort and aesthetics.
Which regions are expected to become dominant players in the aviation gas turbine market?
North America was the largest region in the aviation gas turbine market in 2024. The regions covered in the aviation gas turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/aviation-gas-turbine-global-market-report
What are the emerging key segments in the aviation gas turbine market, and how are they evolving?
The aviation gas turbine market covered in this report is segmented –
1) By Type: Turbojet, Turbofan, Turboprop, Other Types
2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
3) By Application: Commercial Aircraft, Defense Aircraft, Business Aircraft, Other Applications
Subsegments:
1) By Turbojet: Single-Stream Turbojets, Twin-Stream Turbojets
2) By Turbofan: Low-Bypass Turbofans, High-Bypass Turbofans
3) By Turboprop: Regional Turboprop Engines, Military Turboprop Engines
4) By Other Types: Turboshaft Engines, Direct-Fan Engines, Hybrid Engines
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9921
What defines the structure and scope of the aviation gas turbine market?
An aviation gas turbine refers to a rotary engine that converts the flow of combustion gases into energy. The primary role of aviation gas turbines is to power an aircraft, in addition to providing energy and improving combustion quality.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
