Lucintel Forecasts the Global Aircraft Micro Turbine Engines Market to Reach $3.85 billion by 2030
Lucintel Forecasts the Global Aircraft Micro Turbine Engines Market to Reach $3.85 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global aircraftmicro turbine engines market looks promising with opportunities in the propulsion and auxiliary power markets. The global aircraft micro turbine engines market is expected to reach an estimated $3.85 billion by 2030 from $2.8 billion in 2024 at a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing adoption of UAVs for countering external and internal security threats, introduction of advanced hybrid architecture in next-generation aircraft, and implementation of strict regulations governing emissions and noise.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in aircraft micro turbine engines market to 2030 by installation (original equipment manufacturers and aftermarket), horsepower (below 50 HP, 50 to 100 HP, 100 to 200 HP, and greater than 200 HP), end use (propulsion and auxiliary power), fuel type (jet fuel and multi fuel), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that aftermarket will remain the larger segment over the forecast period due to advancement in technology.
Within this market, auxiliary power will remain the larger segment.
Download sample by clicking on aircraft micro turbine engines market
Europe will remain the largest region over the forecast period due to increase in demand for stealth and durable aerial vehicles for use in military operations and presence of major OEMs in the region.
Raytheon Technologies, Honeywell International, Kratos Defense & Security Solutions, Safran, and UAV Turbines are the major suppliers in the aircraft micro turbine engines market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cast visit Lucintel’sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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