Aircraft Micro Turbine Engines Market

Aircraft Micro Turbine Engines Market by End-Use, Engine Type, Platform (VTOL, Air Taxi, Cargo Aerial Vehicle, Business Jet, Ultra-Light Aircraft, Military Trainer Aircraft, and Military UAV), Horsepower, Fuel Type, Application, and Region-Global Forecast to 2030

Report Code: AS 7563 Apr, 2020, by marketsandmarkets.com

[154 Pages Report] The aircraft micro turbine engines market is estimated to be valued at USD 26 million in 2021 and is projected to reach USD 61 million by 2030, at a CAGR of 10.0% from 2021 to 2030. An increasing focus on reducing carbon emissions and increasing efficiency are major factors expected to drive the market in the coming years.

Aircraft Micro Turbine Engines Market

The unmanned aviation segment is projected to lead the aircraft micro turbine engines market in 2030

Based on application, the unmanned aviation segment is projected to capture a large share in the aircraft micro turbine engines market by 2030. Increasing replacement of manned aircraft with unmanned aircraft in the defense sector is expected to drive the growth of this segment. Long endurance and the ability to be remotely operated by human operators or autonomously by onboard computers are the properties of unmanned aircraft that are fueling the demand for them in military and commercial applications. The demand for faster delivery of cargo in the commercial sector is another factor driving the growth of this segment.

The VTOL segment is projected to grow at the highest CAGR during the forecast period

Based on platform, the VTOL segment is projected to grow at the highest rate throughout the forecast period. VTOL aircraft are expected to witness increased popularity due to the demand for quick mobility in urban regions across the world. OEMs are focusing on developing viable solutions to increase the reach of such aircraft platforms as well as control emissions from aerial vehicles. With such significant developments taking place in the aviation industry, micro turbine engines are expected to see rapid adoption on the VTOL platform throughout the forecast period.

Aircraft Micro Turbine Engines Market

Asia Pacific estimated to grow at the highest rate in the aircraft micro turbine engines market across the forecast period

Based on region, Asia Pacific has exhibited major potential in the aircraft micro turbine engines market. An increase in carbon emissions due to increasing passenger traffic is the major reason for the increased demand for hybrid electrification in countries such as China, Japan, Australia, and Japan. With the global GDP expected to rise during the next ten years, emerging countries such as China and India offer significant market potential. The Asia Pacific region is expected to gain supremacy in the aircraft micro turbine engines market in the coming years. China is expected to attract significant foreign investments due to stable growth and robust developments in the economy.

Key Market Players

The key players in the aircraft micro turbine engines market are Honeywell International Inc. (US), UAV Turbines, Inc. (US), Turbotech SAS (France), PBS Group (Czech Republic), GE Aviation (US), AMT Netherlands B.V. (Netherlands), Williams International (US), Micro Turbine Technology B.V. (Netherlands), BF-Turbines (Germany), Kratos Defense & Security Solutions, Inc. (US), Elliott Group (US), Sentient Blue Technologies (Italy), Rolls-Royce Holdings plc (US), JetCat Americas (US), JetsMunt SL (Spain), Stuttgart Engineering Propulsion Technologies UG (Germany), Lambert Microturbine (Germany), Hawk Turbine AB (Sweden), Bowman (UK), and Brayton Energy (UK), among others.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2021–2030

Base Year Considered

2021

Forecast Period

2021-2030

Forecast Units

Value (USD)

Segments Covered

End-use, Engine Type, Platform, Horsepower, Fuel Type, Application, and Region

Geographies Covered

North America, Asia Pacific, Europe, and Rest of the World

Companies Covered

UAV Turbines, Inc. (US), Kratos Defense & Security Solutions, Inc. (US), Honeywell International Inc. (US), Rolls-Royce Holdings plc (US), Turbotech SAS (France), PBS Group (Czech Republic), JetCat Americas (US), JetsMunt SL (Spain), AMT Netherlands B.V. (Netherlands), GE Aviation (US), BF-Turbines (Germany), Elliott Group (US), Sentient Blue Technologies (Italy), Micro Turbine Technology B.V. (Netherlands), and Williams International (US)

This research report categorizes the aircraft micro turbine engines market based on end-use, engine type, platform, horsepower, fuel type, application, and region.

On the basis of end-use, the aircraft micro turbine engines market is segmented as follows:

  • OEM
  • Aftermarket

On the basis of engine type, the aircraft micro turbine engines market is segmented as follows:

  • Turbojet MTE
  • Turboshaft MTE

On the basis of platform, the aircraft micro turbine engines market is segmented as follows:

  • VTOL
  • Air Taxi
  • Cargo Aerial Vehicle (CAV)
  • Business Jet
  • Ultra-Light Aircraft
  • Military Trainer Aircraft
  • Military Unmanned Aerial Vehicles (UAV)

On the basis of horsepower, the aircraft micro turbine engines market is segmented as follows:

  • 5-50 HP
  • 50-100 HP
  • 100-200 HP

On the basis of fuel type, the aircraft micro turbine engines market is segmented as follows:

  • Kerosene
  • Diesel
  • Jet A
  • Biofuel
  • Synthetic Fuel

On the basis of application, the aircraft micro turbine engines market is segmented as follows:

  • Civil
  • Urban Air Mobility
  • Unmanned
  • Military

On the basis of region, the aircraft micro turbine engines market is segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Key Questions Addressed by the Report

  • What is the growth perspective of the aircraft micro turbine engines market?
  • What are the key dynamics and trends governing the market?
  • What are the key sustainability strategies adopted by the leading players in the aircraft micro turbine engines market?
  • What are the new and emerging technologies and use cases disrupting the aircraft micro turbine engines market?
  • What are the application areas in various aircraft platforms that are witnessing the adoption of aircraft micro turbine engines?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 19)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-DOWN APPROACH
           2.2.2 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 31)

4 PREMIUM INSIGHTS (Page No. - 33)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE AIRCRAFT MICRO TURBINE ENGINES MARKET
    4.2 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY HORSEPOWER
    4.3 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY REGION

5 MARKET OVERVIEW (Page No. - 35)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Low operating & maintenance costs
                    5.2.1.2 Limited range and capacity of fully electric aircraft
                    5.2.1.3 Reduced aircraft noise & emission
                    5.2.1.4 Structural advantages of aircraft micro turbine engines
                               5.2.1.4.1 High rotating speed
                               5.2.1.4.2 Compact size
                               5.2.1.4.3 Compressor
           5.2.2 OPPORTUNITIES
                    5.2.2.1 Emergence of hybrid electric power generation technology
                    5.2.2.2 Development of distributed power generation systems
           5.2.3 CHALLENGES
                    5.2.3.1 Reliability of micro turbine engines in harsh environments
                    5.2.3.2 High cost of micro turbine engines

6 INDUSTRY TRENDS (Page No. - 40)
    6.1 INTRODUCTION
    6.2 AIRCRAFT HYBRID ELECTRIFICATION ROADMAP (2016 TO 2040)
    6.3 FUEL AGNOSTIC MICRO TURBINE ENGINES
    6.4 ALTERNATIVE TECHNOLOGIES FOR AIRCRAFT MICRO TURBINE ENGINES
           6.4.1 ADVANCED BATTERIES
                    6.4.1.1 Lithium-sulfur (Li-S)
           6.4.2 GAS ENGINES
           6.4.3 FUEL CELLS
           6.4.4 SOLAR POWER GENERATION
    6.5 NASA ELECTRIFIED AIRCRAFT PROPULSION (EAP) PROGRAMS
           6.5.1 NASA STARC-ABL
           6.5.2 BOEING SUGAR FREEZE
           6.5.3 NASA N3-X
           6.5.4 ESAERO ECO-150
           6.5.5 BOEING SUGAR VOLT

7 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY END USE (Page No. - 45)
    7.1 INTRODUCTION
    7.2 ORIGINAL EQUIPMENT MANUFACTURERS
           7.2.1 GROWING NEED TO OPTIMIZE POWER RANGE OF ELECTRIC AIRCRAFT TO DRIVE MARKET GROWTH
    7.3 AFTERMARKET
           7.3.1 DEMAND FOR GREATER OPERATIONAL EFFICIENCY EXPECTED TO DRIVE GROWTH OF AFTERMARKET SEGMENT

8 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY PLATFORM (Page No. - 48)
    8.1 INTRODUCTION
    8.2 VTOL
           8.2.1 LARGE POPULATION IN URBAN AREAS INFLUENCING THE DEVELOPMENT OF VTOL AIRCRAFT
    8.3 AIR TAXIS
           8.3.1 DEVELOPMENT OF HYBRID AIR TAXIS EXPECTED TO FUEL THE ADOPTION OF MICRO TURBINE ENGINES IN PROPULSION SYSTEMS
    8.4 CARGO AERIAL VEHICLES (CAVS)
           8.4.1 ADOPTION OF DRONES FOR CARGO DELIVERIES EXPECTED TO FUEL THE DEMAND FOR AIRCRAFT MICRO TURBINE ENGINES
    8.5 BUSINESS JETS
           8.5.1 RISING NUMBER OF PRIVATE AVIATION COMPANIES EXPECTED TO DRIVE THE DEMAND FOR AIRCRAFT MICRO TURBINE ENGINES
    8.6 LIGHT AIRCRAFT
           8.6.1 FREQUENT MODIFICATIONS IN LIGHT AIRCRAFT EXPECTED TO FUEL THE MARKET FOR AIRCRAFT MICRO TURBINE ENGINES
    8.7 MILITARY TRAINER AIRCRAFT
           8.7.1 FOCUS ON REDUCING COST OF TRAINING MILITARY PILOTS EXPECTED TO DRIVE THE DEMAND FOR AIRCRAFT MICRO TURBINE ENGINES
    8.8 MILITARY UNMANNED AERIAL VEHICLES
           8.8.1 GROWING APPLICATIONS OF UAVS IN THE MILITARY SECTOR EXPECTED TO DRIVE THE DEMAND FOR MICRO TURBINE ENGINES

9 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY HORSEPOWER (Page No. - 53)
    9.1 INTRODUCTION
    9.2 5–50 HP
           9.2.1 GROWING EMPHASIS ON ENHANCING POWER GENERATION CAPACITY IN SMALL AERIAL VEHICLES EXPECTED TO DRIVE THE MARKET
    9.3 50–100 HP
           9.3.1 WIDE APPLICATION AREA ALONG WITH ONGOING DEVELOPMENTS BY MANUFACTURERS EXPECTED TO DRIVE MARKET GROWTH
    9.4 100–200 HP
           9.4.1 ADOPTION OF MICRO TURBINE ENGINES IN APU SYSTEMS IN LIGHT AIRCRAFT EXPECTED TO DRIVE MARKET GROWTH

10 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY ENGINE TYPE (Page No. - 56)
     10.1 INTRODUCTION
     10.2 TURBOJET MICRO TURBINE ENGINES
             10.2.1 SIMPLE STRUCTURE OF TURBOJET MICRO TURBINE ENGINES EXPECTED TO DRIVE GROWTH
     10.3 TURBOSHAFT MICRO TURBINE ENGINES
             10.3.1 INCREASING COMMERCIALIZATION OF UAVS TO FUEL MARKET GROWTH

11 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY FUEL TYPE (Page No. - 59)
     11.1 INTRODUCTION
     11.2 KEROSENE
             11.2.1 SUITABLE CHARACTERISTICS OF KEROSENE FOR POWER GENERATION EXPECTED TO DRIVE THE MARKET
     11.3 DIESEL
             11.3.1 HIGHER EFFICIENCY OF DIESEL MICRO TURBINE ENGINES EXPECTED TO DRIVE MARKET GROWTH
     11.4 JET-A
             11.4.1 SUITABLE THERMAL PROPERTIES EXPECTED TO STIMULATE THE ADOPTION OF JET-A FUEL
     11.5 BIOFUEL
             11.5.1 REDUCED EMISSIONS OF CARBON MONOXIDE AND TOTAL CARBON DIOXIDE EXPECTED TO DRIVE THE DEMAND FOR BIOFUEL
     11.6 SYNTHETIC FUEL
             11.6.1 POTENTIAL TO REDUCE ENERGY DEPENDENCY ON FOSSIL FUELS EXPECTED TO DRIVE THE DEMAND FOR SYNTHETIC FUEL

12 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY APPLICATION (Page No. - 63)
     12.1 INTRODUCTION
     12.2 CIVIL AVIATION
             12.2.1 EMPHASIS ON REPLACEMENT OF LIGHT AIRCRAFT WITH ELECTRIC AIRCRAFT TO BOOST THE CIVIL AVIATION SEGMENT
     12.3 URBAN AIR MOBILITY (UAM)
             12.3.1 TECHNOLOGICAL DEVELOPMENTS IN URBAN AIR MOBILITY TO INCREASE ADOPTION OF ELECTRIC OR HYBRID-ELECTRIC PROPULSION SYSTEMS
     12.4 UNMANNED AIRCRAFT
             12.4.1 INCREASING REPLACEMENT OF MANNED AIRCRAFT WITH UNMANNED AIRCRAFT TO DRIVE MARKET GROWTH
     12.5 MILITARY AVIATION
             12.5.1 GROWING INSTANCES OF DISPUTES BETWEEN NEIGHBORING COUNTRIES TO DRIVE MARKET GROWTH

13 REGIONAL ANALYSIS (Page No. - 68)
     13.1 INTRODUCTION
     13.2 NORTH AMERICA
             13.2.1 US
                        13.2.1.1 Presence of leading aircraft micro turbine engine manufacturers to drive market growth
             13.2.2 CANADA
                        13.2.2.1 Growth of the aerospace industry in Canada to fuel the adoption of aircraft micro turbine engines
     13.3 EUROPE
             13.3.1 UK
                        13.3.1.1 Presence of aircraft OEMs expected to drive market growth
             13.3.2 GERMANY
                        13.3.2.1 Supportive government initiatives expected to drive the market
             13.3.3 FRANCE
                        13.3.3.1 Presence of leading aircraft manufacturers influences market growth
             13.3.4 ITALY
                        13.3.4.1 Rising demand for border surveillance and intelligence gathering expected to drive market growth
             13.3.5 SWEDEN
                        13.3.5.1 Favorable government policies will drive market growth
             13.3.6 REST OF EUROPE
                        13.3.6.1 Increasing emphasis on emission-less flying expected to drive market growth
     13.4 ASIA PACIFIC
             13.4.1 RUSSIA
                        13.4.1.1 Increasing spending on procurement of technologically advanced aerial vehicles to drive the market
             13.4.2 CHINA
                        13.4.2.1 Significant potential for the adoption of hybrid-electric propulsion to drive market growth
             13.4.3 INDIA
                        13.4.3.1 Improving domestic capabilities for technological development in aviation to drive market
             13.4.4 JAPAN
                        13.4.4.1 Technologically advanced capabilities along with skilled human workforce expected to drive the market
             13.4.5 AUSTRALIA
                        13.4.5.1 Penetration of advanced technology in international as well as domestic air traffic to drive market growth
             13.4.6 SOUTH KOREA
                        13.4.6.1 Presence of electric power-generating component manufacturers to support market growth
             13.4.7 REST OF ASIA PACIFIC
                        13.4.7.1 Ample availability of resources required for manufacturing micro turbine engines expected to support market growth
     13.5 REST OF THE WORLD
             13.5.1 MIDDLE EAST
                        13.5.1.1 Emergence of start-ups in electric aircraft manufacturing expected to drive the market
             13.5.2 LATIN AMERICA
                        13.5.2.1 Investments by global aircraft manufacturing companies in the region to drive market growth

14 COMPETITIVE LANDSCAPE (Page No. - 110)
     14.1 INTRODUCTION
     14.2 PRODUCT COMPARISON MATRIX FOR MARKET PLAYERS
     14.3 PERFORMANCE COMPARISON OF AIRCRAFT MICRO TURBINE ENGINES
     14.4 COMPETITIVE ANALYSIS
             14.4.1 AIRCRAFT MICRO TURBINE ENGINES MARKET COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
                        14.4.1.1 Progressive companies
                        14.4.1.2 Responsive companies
                        14.4.1.3 Dynamic companies
                        14.4.1.4 Starting blocks
     14.5 RANKING OF KEY PLAYERS, 2019
     14.6 STRENGTH OF PRODUCT EXCELLENCE
     14.7 BUSINESS STRATEGY EXCELLENCE
     14.8 COMPETITIVE SCENARIO
             14.8.1 STRATEGIES ADOPTED BY MARKET PLAYERS

15 COMPANY PROFILES (Page No. - 119)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, growth strategies, Right to WIn, Recent developments)*
     15.1 HONEYWELL INTERNATIONAL INC.
     15.2 UAV TURBINES, INC.
     15.3 TURBOTECH SAS
     15.4 PBS GROUP
     15.5 GE AVIATION
     15.6 AMT NETHERLANDS B.V.
     15.7 WILLIAMS INTERNATIONAL
     15.8 MICRO TURBINE TECHNOLOGY B.V.
     15.9 BF-TURBINES
     15.10 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
     15.11 ELLIOTT GROUP
     15.12 SENTIENT BLUE TECHNOLOGIES
     15.13 ROLLS-ROYCE HOLDINGS PLC
     15.14 JETCAT AMERICAS
     15.15 JETSMUNT SL
     15.16 STUTTGART ENGINEERING PROPULSION TECHNOLOGIES UG
     15.17 LAMBERT MICROTURBINE
     15.18 HAWK TURBINE AB
     15.19 BOWMAN
     15.20 BRAYTON ENERGY

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, growth strategies, Right TO WIn, Recent developments might not be captured in case of unlisted companies.

16 APPENDIX (Page No. - 149)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

LIST OF TABLES (109 Tables)

TABLE 1 USD EXCHANGE RATES
TABLE 2 TYPES OF ADVANCED AIRCRAFT BATTERIES: COMPARATIVE STUDY
TABLE 3 ELECTRIC AND HYBRID AIRCRAFT PROGRAMS
TABLE 4 AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION)
TABLE 5 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 6 AIRCRAFT MICRO TURBINE ENGINES MARKET, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 7 AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 8 AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY FUEL TYPE, 2021–2030 (USD MILLION)
TABLE 9 AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 10 CIVIL AVIATION MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION)
TABLE 11 URBAN AIR MOBILITY MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION)
TABLE 12 UNMANNED AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION)
TABLE 13 MILITARY AVIATION MICRO TURBINE ENGINES MARKET SIZE, BY END USE, 2021–2030 (USD MILLION)
TABLE 14 AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
TABLE 15 NORTH AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 16 NORTH AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 17 NORTH AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 18 NORTH AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 19 NORTH AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 20 US: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 21 US: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 22 US: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 23 US: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 24 CANADA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 25 CANADA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 26 CANADA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 27 CANADA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 28 EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 29 EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 30 EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 31 EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 32 EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 33 UK: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 34 UK: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 35 UK: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 36 UK: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 37 GERMANY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 38 GERMANY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 39 GERMANY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 40 GERMANY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 41 FRANCE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 42 FRANCE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 43 FRANCE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 44 FRANCE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 45 ITALY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 46 ITALY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 47 ITALY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 48 ITALY: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 49 SWEDEN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 50 SWEDEN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 51 SWEDEN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 52 SWEDEN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 53 REST OF EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 54 REST OF EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 55 REST OF EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 56 REST OF EUROPE: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 57 ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 58 ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 59 ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 60 ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 61 ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 62 RUSSIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 63 RUSSIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 64 RUSSIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 65 RUSSIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 66 CHINA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 67 CHINA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 68 CHINA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 69 CHINA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 70 INDIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 71 INDIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 72 INDIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 73 INDIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 74 JAPAN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 75 JAPAN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 76 JAPAN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 77 JAPAN: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 78 AUSTRALIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 79 AUSTRALIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 80 AUSTRALIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 81 AUSTRALIA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 82 SOUTH KOREA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 83 SOUTH KOREA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 84 SOUTH KOREA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 85 SOUTH KOREA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 86 REST OF ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 87 REST OF ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 88 REST OF ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 89 REST OF ASIA PACIFIC: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 90 REST OF THE WORLD: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 91 REST OF THE WORLD: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 92 REST OF THE WORLD: AIRCRAFT MICRO TURBINE ENGINES MARKET, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 93 REST OF THE WORLD: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 94 REST OF THE WORLD: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
TABLE 95 MIDDLE EAST: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 96 MIDDLE EAST: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 97 MIDDLE EAST: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 98 MIDDLE EAST: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 99 LATIN AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY ENGINE TYPE, 2021–2030 (USD MILLION)
TABLE 100 LATIN AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 101 LATIN AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY HORSEPOWER, 2021–2030 (USD MILLION)
TABLE 102 LATIN AMERICA: AIRCRAFT MICRO TURBINE ENGINES MARKET SIZE, BY APPLICATION, 2021–2030 (USD MILLION)
TABLE 103 PERFORMANCE COMPARISON MATRIX FOR AIRCRAFT MICRO TURBINE ENGINES
TABLE 104 STRATEGIES, NOVEMBER 2017–DECEMBER 2019
TABLE 105 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS
TABLE 106 UAV TURBINES INC.: SWOT ANALYSIS
TABLE 107 GE AVIATION: SWOT ANALYSIS
TABLE 108 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: SWOT ANALYSIS
TABLE 109 ROLLS-ROYCE HOLDINGS PLC: SWOT ANALYSIS


LIST OF FIGURES (37 Figures)

FIGURE 1 AIRCRAFT MICRO TURBINE ENGINES MARKET SEGMENTATION
FIGURE 2 RESEARCH PROCESS FLOW
FIGURE 3 RESEARCH DESIGN
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 7 DATA TRIANGULATION
FIGURE 8 ASSUMPTIONS OF THE STUDY
FIGURE 9 AIR TAXIS SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF THE AIRCRAFT MICRO TURBINE ENGINES MARKET IN 2021
FIGURE 10 UNMANNED AIRCRAFT SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF THE AIRCRAFT MICRO TURBINE ENGINES MARKET IN 2021
FIGURE 11 INCREASING FOCUS ON REDUCING CARBON EMISSIONS AND OPERATING COST EXPECTED TO DRIVE THE MARKET FROM 2021 TO 2030
FIGURE 12 50-100 HP SEGMENT EXPECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET BY 2030
FIGURE 13 ASIA PACIFIC PROJECTED TO GROW AT THE HIGHEST CAGR IN THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING THE FORECAST PERIOD
FIGURE 14 AIRCRAFT MICRO TURBINE ENGINES MARKET: DRIVERS, OPPORTUNITIES, AND CHALLENGES
FIGURE 15 OPERATIONAL COSTS (%) FOR AIRCRAFT (EXCLUDING OWNERSHIP COST)
FIGURE 16 AIRCRAFT HYBRID ELECTRIFICATION TECHNOLOGY ROADMAP
FIGURE 17 FUTURISTIC FUEL CELL SYSTEM IN AIRBUS AIRCRAFT
FIGURE 18 OEM SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 19 AIR TAXIS SEGMENT PROJECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING FORECAST PERIOD
FIGURE 20 50–100 HP SEGMENT PROJECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING THE FORECAST PERIOD
FIGURE 21 TURBOSHAFT SEGMENT PROJECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING FORECAST PERIOD
FIGURE 22 JET-A SEGMENT PROJECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING THE FORECAST PERIOD
FIGURE 23 UNMANNED AIRCRAFT SEGMENT PROJECTED TO LEAD THE AIRCRAFT MICRO TURBINE ENGINES MARKET DURING FORECAST PERIOD
FIGURE 24 NORTH AMERICA ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF AIRCRAFT MICRO TURBINE ENGINES MARKET IN 2021
FIGURE 25 NORTH AMERICA AIRCRAFT MICRO TURBINE ENGINES MARKET SNAPSHOT
FIGURE 26 EUROPE AIRCRAFT MICRO TURBINE ENGINES MARKET SNAPSHOT
FIGURE 27 ASIA PACIFIC AIRCRAFT MICRO TURBINE ENGINES MARKET SNAPSHOT
FIGURE 28 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS A KEY GROWTH STRATEGY BETWEEN NOVEMBER 2017–DECEMBER 2019
FIGURE 29 PRODUCT COMPARISON MATRIX FOR MARKET PLAYERS
FIGURE 30 AIRCRAFT MICRO TURBINE ENGINES MARKET COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 31 MARKET RANKING OF TOP PLAYERS IN THE AIRCRAFT MICRO TURBINE ENGINES MARKET, 2019
FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE AIRCRAFT MICRO TURBINE ENGINES MARKET
FIGURE 33 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE AIRCRAFT MICRO TURBINE ENGINES MARKET
FIGURE 34 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 35 GE AVIATION: COMPANY SNAPSHOT
FIGURE 36 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.: COMPANY SNAPSHOT
FIGURE 37 ROLLS-ROYCE HOLDINGS PLC: COMPANY SNAPSHOT

The study involved four major activities for estimating the current market size for the aircraft micro turbine engines market. Exhaustive secondary research was undertaken to collect information on the market, its peer markets, and its parent market. The next step was to validate the findings, assumptions, and sizing data collected with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size as well as the size of its segments and subsegments.

Secondary Research

In the secondary research phase, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to in order to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and aircraft micro turbine engines databases.

Primary Research

The aircraft micro turbine engines market comprises several stakeholders throughout the supply chain, such as aircraft propulsion system providers, micro turbine engine manufacturers, hybrid electric aircraft manufacturers, and regulatory organizations. The demand side of this market is majorly characterized by hybrid electric aircraft manufacturers. The supply side is characterized by technology advancements in aircraft micro turbine engines. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Aircraft Micro Turbine Engines Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the aircraft micro turbine engines market. These methods were also used extensively to estimate the size of the various subsegments of the market. The research methodology used to estimate the size of the market includes the following:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The value of the industry’s supply chain and market size were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the aircraft micro turbine engines market in the aviation industry.

Report Objectives

  • To define, describe, segment, and forecast the size of the aircraft micro turbine engines market based on end use, engine type, platform, horsepower, fuel type, and application
  • To analyze the demand- and supply-side indicators influencing the growth of the market
  • To understand the market ecosystem by identifying high-growth segments and subsegments of the market
  • To provide in-depth market intelligence regarding key market dynamics, such as the drivers, restraints, opportunities, and challenges that influence the growth of the market
  • To forecast the revenue of market segments with respect to four main regions; namely, North America, Europe, Asia Pacific, and Rest of the World
  • To analyze technological advancements and new product launches in the market
  • To provide a detailed competitive landscape of the market, in addition to market rank analysis of leading players
  • To identify financial positions, product portfolios, and key developments undertaken by the leading players in the market
  • To analyze micromarkets with respect to their individual growth trends, prospects, and contribution to the overall market
  • To provide a comprehensive analysis of business and corporate strategies adopted by key market players
  • To profile key market players and comprehensively analyze their core competencies

Available Customizations

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Company Information

  • Detailed analysis and profiles of additional market players (up to five)
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Published ON
Apr, 2020
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