Global Aircraft Micro Turbine Engines market projected to drive due to its ability to run on multiple fuels and increasing efforts to reduce global greenhouse gas emissions
Global aircraft microturbine engine market size is projected to value at USD 27.8 million in 2020 and expected to reach USD 53.63 million by 2027, growing at a CAGR of 9.84 % during 2020-2027. It is owing to major OEMs and aircraft manufacturers across the world focus on the research & development to reduce operating costs and curb emission levels. Additionally, the increasing focus on the development of clean energy-based engines in aircraft will boost the growth of the global aircraft microturbine engine market. Moreover, the growing awareness around the world for the development of emission-less engines in the aviation sector and cost-effective products will trigger the demand for aircraft microturbine engines in the future periods. A micro-turbine is relatively quiet because the high-frequency sound it produces will quickly attenuate in the atmosphere and point upward and away from the ground. Also, the engine can be configured to produce up to 10 kW of electrical energy. The microturbine engine has many advantages over the traditional reciprocating engine; it can produce higher energy density efficiency (related to weight and size), extremely low heat radiation, and few moving parts make it easy to maintain. It also saves the lubricants and refrigerants needed for air conditioning.
Furthermore, the microturbine helps operators in a new and smarter way, such as provide power autonomously in any ground environment and decreases fuel burn while increasing overall aircraft efficiency and hull value. These factors lead to the robust growth of the global aircraft microturbine engine industry. Also, the microturbine engine widely uses in the urban air mobility and defense industries in making unmanned aircraft systems (UAS) as commonplace as airplanes, trucks, and ships for both commercial and defense use.
Platform Overview in the Global Aircraft Micro Turbine Engines Market
Based on the platform, the global aircraft microturbine engines market classified into VTOL, Air Taxi, Business Jet, Cargo Aerial Vehicle, Ultra-Light Aircraft, Military Trainer Aircraft, and Military UAV. The VTOL segment is likely to lead the market by 2027. It is owing to the growing focus towards the development of a hybrid-electric power generation system that enhances the reach of such aircraft platforms.
Horsepower Overview in the Global Aircraft Micro Turbine Engines market
Based on horsepower, the global aircraft microturbine engines market segregated into 5-50 HP, 50-100 HP, and 100-200 HP. The5-50 HP segment likely to lead the market by 2027, owing to its application to provide thrust for UAVs and generate electrical power as small generators.
Engine Type Overview in the Global Aircraft Micro Turbine Engines Market
Based on engine type, the global aircraft microturbine engines market bifurcates into Turbojet Micro Turbine Engines and Turboshaft Micro Turbine Engines. The Turboshaft Micro Turbine Engines segment projected to dominate the market by 2027 due to its uses for light helicopters weighing up to 1,000 kg and its ability to run at cold temperatures below -30 °C without preheating.
Application Overview in the Global Aircraft Micro Turbine Engines Market
Based on the application, the global aircraft microturbine engines market categorized into Civil Aviation, Urban Air Mobility (Uam), Unmanned Aircraft, and Military Aviation. The Urban Air Mobility segment projected to grow a higher rate during the forecast period. It is due to the growing demand for unmanned aircraft in the defense sector for its ability to long endurance and remotely operated by human operators or autonomy.
End-Use Overview in the Global Aircraft Micro Turbine Engines Market
Based on end-use, the global aircraft microturbine engines market segregated into OEM and Aftermarket. OEM segments estimated to dominate the market by 2027 due to the increasing demand for carbon-emission turbines in the defense and the UAV sector.
Regional Overview in the Global Aircraft Micro Turbine Engines Market
By geography, the Global Aircraft Micro Turbine Engines Market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America anticipated dominating the market by 2027, owing to the upsurge in demand for the development of aircraft that are cost-effective, energy-efficient, lightweight, and capable of carrying large payloads over long distances.
Global Aircraft Micro Turbine Engines Market: Competitive Landscape
Companies such as Honeywell International Inc., UAV Turbines, Inc., Turbotech SAS, PBS Group, GE Aviation, AMT Netherlands B.V., Williams International, Micro Turbine Technology B.V., BF-Turbines, Kratos Defense & Security Solutions, Inc., Elliott Group, Sentient Blue Technologies, Rolls-Royce Holdings plc, JetCat Americas, JetsMunt SL, Stuttgart Engineering Propulsion Technologies UG, Lambert Microturbine, Hawk Turbine AB, Bowman, and Brayton Energy are the key players in the global aircraft microturbine engines market.
Global Aircraft Micro Turbine Engines Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape 4.4. Competitors & Product Analysis 4.5. Regulatory Framework 4.6. Company market share analysis, 2019 4.7. Porter's Five forces analysis 4.8. New Investment Analysis 4.9. PESTEL Analysis 5. Global Aircraft Micro Turbine Engines Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Platform 5.2.1.1. VTOL 5.2.1.2. Air Taxi 5.2.1.3. Cargo Aerial Vehicle 5.2.1.4. Business Jet 5.2.1.5. Ultra-Light Aircraft 5.2.1.6. Military Trainer Aircraft 5.2.1.7. Military UAV 5.2.2. By Horsepower 5.2.2.1. 5-50 HP 5.2.2.2. 50-100 HP 5.2.2.3. 100-200 HP 5.2.3. By Engine Type 5.2.3.1. Turbojet Micro Turbine Engines 5.2.3.2. Turboshaft Micro Turbine Engines 5.2.4. By Fuel Type 5.2.4.1. Kerosene 5.2.4.2. Diesel 5.2.4.3. Jet-A 5.2.4.4. Biofuel 5.2.4.5. Synthetic Fuel 5.2.5. By Application 5.2.5.1. Civil Aviation 5.2.5.2. Urban Air Mobility (Uam) 5.2.5.3. Unmanned Aircraft 5.2.5.4. Military Aviation 5.2.6. By End-Use 5.2.6.1. OEM 5.2.6.2. Aftermarket 5.2.7. By Region 5.2.7.1. North America 5.2.7.2. Europe 5.2.7.3. Asia Pacific 5.2.7.4. South America 5.2.7.5. Middle East & Africa 6. North America Aircraft Micro Turbine Engines Market Overview 6.1. North America Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. North America Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027 6.2.1. By Platform 6.2.1.1. VTOL 6.2.1.2. Air Taxi 6.2.1.3. Cargo Aerial Vehicle 6.2.1.4. Business Jet 6.2.1.5. Ultra-Light Aircraft 6.2.1.6. Military Trainer Aircraft 6.2.1.7. Military UAV 6.2.2. By Horsepower 6.2.2.1. 5-50 HP 6.2.2.2. 50-100 HP 6.2.2.3. 100-200 HP 6.2.3. By Engine Type 6.2.3.1. Turbojet Micro Turbine Engines 6.2.3.2. Turboshaft Micro Turbine Engines 6.2.4. By Fuel Type 6.2.4.1. Kerosene 6.2.4.2. Diesel 6.2.4.3. Jet-A 6.2.4.4. Biofuel 6.2.4.5. Synthetic Fuel 6.2.5. By Application 6.2.5.1. Civil Aviation 6.2.5.2. Urban Air Mobility (Uam) 6.2.5.3. Unmanned Aircraft 6.2.5.4. Military Aviation 6.2.6. By End-Use 6.2.6.1. OEM 6.2.6.2. Aftermarket 6.2.7. By Country 6.2.7.1. US 6.2.7.2. Canada 6.2.7.3. Mexico 6.2.8. Company Market Share (Top 3-5) 6.2.9. Economic Impact Study on North America Aircraft Micro Turbine Engines Market 7. Europe Aircraft Micro Turbine Engines Market Overview 7.1. Europe Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. Europe Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027 7.2.1. By Platform 7.2.1.1. VTOL 7.2.1.2. Air Taxi 7.2.1.3. Cargo Aerial Vehicle 7.2.1.4. Business Jet 7.2.1.5. Ultra-Light Aircraft 7.2.1.6. Military Trainer Aircraft 7.2.1.7. Military UAV 7.2.2. By Horsepower 7.2.2.1. 5-50 HP 7.2.2.2. 50-100 HP 7.2.2.3. 100-200 HP 7.2.3. By Engine Type 7.2.3.1. Turbojet Micro Turbine Engines 7.2.3.2. Turboshaft Micro Turbine Engines 7.2.4. By Fuel Type 7.2.4.1. Kerosene 7.2.4.2. Diesel 7.2.4.3. Jet-A 7.2.4.4. Biofuel 7.2.4.5. Synthetic Fuel 7.2.5. By Application 7.2.5.1. Civil Aviation 7.2.5.2. Urban Air Mobility (Uam) 7.2.5.3. Unmanned Aircraft 7.2.5.4. Military Aviation 7.2.6. By End-Use 7.2.6.1. OEM 7.2.6.2. Aftermarket 7.2.7. By Country 7.2.7.1. Germany 7.2.7.2. UK 7.2.7.3. France 7.2.7.4. Italy 7.2.7.5. Rest of Europe 7.2.8. Company Market Share (Top 3-5) 7.2.9. Economic Impact Study on Europe Aircraft Micro Turbine Engines Market 8. Asia Pacific Aircraft Micro Turbine Engines Market Overview 8.1. Asia Pacific Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027 8.2.1. By Platform 8.2.1.1. VTOL 8.2.1.2. Air Taxi 8.2.1.3. Cargo Aerial Vehicle 8.2.1.4. Business Jet 8.2.1.5. Ultra-Light Aircraft 8.2.1.6. Military Trainer Aircraft 8.2.1.7. Military UAV 8.2.2. By Horsepower 8.2.2.1. 5-50 HP 8.2.2.2. 50-100 HP 8.2.2.3. 100-200 HP 8.2.3. By Engine Type 8.2.3.1. Turbojet Micro Turbine Engines 8.2.3.2. Turboshaft Micro Turbine Engines 8.2.4. By Fuel Type 8.2.4.1. Kerosene 8.2.4.2. Diesel 8.2.4.3. Jet-A 8.2.4.4. Biofuel 8.2.4.5. Synthetic Fuel 8.2.5. By Application 8.2.5.1. Civil Aviation 8.2.5.2. Urban Air Mobility (Uam) 8.2.5.3. Unmanned Aircraft 8.2.5.4. Military Aviation 8.2.6. By End-Use 8.2.6.1. OEM 8.2.6.2. Aftermarket 8.2.7. By Country 8.2.7.1. China 8.2.7.2. India 8.2.7.3. Japan 8.2.7.4. Australia 8.2.7.5. Rest of Asia Pacific 8.2.8. Company Market Share (Top 3-5) 8.2.9. Economic Impact Study on Asia Pacific Aircraft Micro Turbine Engines Market 9. South America Aircraft Micro Turbine Engines Market Overview 9.1. South America Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027 9.2.1. By Platform 9.2.1.1. VTOL 9.2.1.2. Air Taxi 9.2.1.3. Cargo Aerial Vehicle 9.2.1.4. Business Jet 9.2.1.5. Ultra-Light Aircraft 9.2.1.6. Military Trainer Aircraft 9.2.1.7. Military UAV 9.2.2. By Horsepower 9.2.2.1. 5-50 HP 9.2.2.2. 50-100 HP 9.2.2.3. 100-200 HP 9.2.3. By Engine Type 9.2.3.1. Turbojet Micro Turbine Engines 9.2.3.2. Turboshaft Micro Turbine Engines 9.2.4. By Fuel Type 9.2.4.1. Kerosene 9.2.4.2. Diesel 9.2.4.3. Jet-A 9.2.4.4. Biofuel 9.2.4.5. Synthetic Fuel 9.2.5. By Application 9.2.5.1. Civil Aviation 9.2.5.2. Urban Air Mobility (Uam) 9.2.5.3. Unmanned Aircraft 9.2.5.4. Military Aviation 9.2.6. By End-Use 9.2.6.1. OEM 9.2.6.2. Aftermarket 9.2.7. By Country 9.2.7.1. Brazil 9.2.7.2. Argentina 9.2.7.3. Rest of South America 9.2.8. Company Market Share (Top 3-5) 9.2.9. Economic Impact Study on South America Aircraft Micro Turbine Engines Market 10. Middle East & Africa Aircraft Micro Turbine Engines Market Overview 10.1. Middle East & Africa Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027 10.2.1. By Platform 10.2.1.1. VTOL 10.2.1.2. Air Taxi 10.2.1.3. Cargo Aerial Vehicle 10.2.1.4. Business Jet 10.2.1.5. Ultra-Light Aircraft 10.2.1.6. Military Trainer Aircraft 10.2.1.7. Military UAV 10.2.2. By Horsepower 10.2.2.1. 5-50 HP 10.2.2.2. 50-100 HP 10.2.2.3. 100-200 HP 10.2.3. By Engine Type 10.2.3.1. Turbojet Micro Turbine Engines 10.2.3.2. Turboshaft Micro Turbine Engines 10.2.4. By Fuel Type 10.2.4.1. Kerosene 10.2.4.2. Diesel 10.2.4.3. Jet-A 10.2.4.4. Biofuel 10.2.4.5. Synthetic Fuel 10.2.5. By Application 10.2.5.1. Civil Aviation 10.2.5.2. Urban Air Mobility (Uam) 10.2.5.3. Unmanned Aircraft 10.2.5.4. Military Aviation 10.2.6. By End-Use 10.2.6.1. OEM 10.2.6.2. Aftermarket 10.2.7. By Country 10.2.7.1. Saudi Arabia 10.2.7.2. UAE 10.2.7.3. South Africa 10.2.7.4. Rest of Middle East & Africa 10.2.8. Company Market Share (Top 3-5) 10.2.9. Economic Impact Study on Middle East & Africa Aircraft Micro Turbine Engines Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Honeywell International Inc. 11.7.2. UAV Turbines, Inc. 11.7.3. Turbotech SAS 11.7.4. PBS Group 11.7.5. GE Aviation 11.7.6. AMT Netherlands B.V. 11.7.7. Williams International 11.7.8. Micro Turbine Technology B.V 11.7.9. BF-Turbines 11.7.10. Kratos Defense & Security Solutions, Inc. 11.7.11. Elliott Group 11.7.12. Sentient Blue Technologies 11.7.13. Rolls-Royce Holdings plc 11.7.14. JetCat Americas 11.7.15. JetsMunt SL 11.7.16. Stuttgart Engineering Propulsion Technologies UG 11.7.17. Lambert Microturbine 11.7.18. Hawk Turbine AB 11.7.19. Bowman 11.7.20. Brayton Energy 11.7.21. Other Prominent Players
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