Aircraft Micro Turbine Engines Market

Honeywell International Inc. and UAV Turbines, Inc. are Leading Players in the Aircraft Micro Turbine Engines Market

The size of the aircraft micro turbine engines market is projected to grow from USD 26 million in 2021 to USD 61 million by 2030, at a CAGR of 10.0% from 2021 to 2030. Increasing emphasis on reducing carbon emissions and the emergence of hybrid electrification technology are major factors expected to drive the market in the coming years.

Major players in the aircraft micro turbine engines market include 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). The rising awareness around the development of emission-less transportation in the aviation sector and cost-effective products have encouraged companies to adopt organic and inorganic growth strategies to increase their market share. Leading companies in the market have adopted organic growth strategies, such as new product launches and contracts, to capture a significant share in the market.

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Honeywell International Inc. is a major player in the aircraft micro turbine engines market. The company is into the development of aircraft micro turbine engines. Honeywell International Inc. has been adopting various strategies, such as new product development, to enhance its product portfolio in the aircraft micro turbine engines market. Honeywell International Inc. has its manufacturing facilities, sales & service affiliates, and business partner network across North America, Europe, Asia Pacific, the Middle East, and Latin America. This enables it to provide worldwide customer support and consultation. Honeywell International Inc. provides electrical components to OEMs and aftermarkets across the globe.

UAV Turbines, Inc. is another player in the aircraft micro turbine engines market. The company is focused on developing lightweight, reliable, and fuel-efficient micro turbine engines to provide propulsion and power generation for small- to medium-sized UAVs for both, defense and commercial sectors. The Monarch RP family of propulsion systems introduced by UAV Turbines offers a quieter flight and an increased flight time beyond the current engine systems capacity.

Kratos Defense & Security Solutions, Inc. is among the top manufacturers of aircraft micro turbine engines in the market. Kratos develops transformative and affordable systems, platforms, and products for national security and communications needs. It focuses on areas where tech advances can have a defense strengthening effect, such as unmanned systems, satellite communications, warfighter training, and combat systems. The primary customers of Kratos include the US Air Force, the US Space Command, and other US defense agencies. Internal funding towards R&D for systems, products, solutions, and capabilities will continue to solidify the company’s position in high growth markets.

Related Reports:

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

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Report Code
AS 7563
RI Published ON
4/13/2020
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