Leading companies looking for new revenue streams will find this research very helpful in understanding the market and its underlying dynamics. It is useful for companies looking to diversify into new markets or expand their current scope of operations.
How will this Report Benefit you?
The 250-page report by Emergen Research contains 194 tables and 189 charts and graphs. Anyone in need of a commercial, in-depth assessment of the global Aircraft Micro Turbine Engine market and comprehensive market segment analysis can benefit from our new research. With the latest research, you can estimate the entire Aircraft Micro Turbine Engine regional and global markets. To grow your market share, get financial analysis of the entire market and its various segments. We believe there is great potential for fast-growing energy storage technology in this industry. Find out how to leverage current and potential revenue streams in this area. Research also helps you make better strategic decisions, allowing you to formulate growth strategies, enhance competitive analysis, and improve business productivity.
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The global aircraft micro turbine engine market size was USD 1.31 Billion in 2022 and is expected to register a revenue CAGR of 5.6 % during the forecast period, according to latest analysis by Emergen Research. Unmanned Aerial Vehicles (UAV) and Unmanned Aircraft Systems (UAS) are widely deployed in military intelligence and defense, which is driving market revenue growth. Major UAV and UAS components include micro turbine engines, which Original Equipment Manufacturers (OEMs) for these devices are progressively using in their commercial production. The army, navy, air force, and marines swiftly acquire UAVs and UAS for attack and surveillance applications. Defense ministries and governments across the globe investing heavily in unmanned systems technologies, ecosystems, and military intelligence programmers. The United States Department of Defense (DoD) stated in January 2023 that it will invest USD 2.6 billion in unmanned systems through at least 29 programmers. Also, e-commerce last-mile delivery companies are increasingly using aircraft micro turbine engines, which is driving market revenue growth. For last-mile delivery of goods, major e-commerce, logistics, and supply chain corporations are introducing drones globally. Walmart Inc., a multinational retailer with headquarters in the United States, expanded its delivery network to 34 sites in May 2022 and began offering drone delivery services to 4 million American households.
The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Top competitors of the Aircraft Micro Turbine Engine Market profiled in the report include:
PBS AEROSPACE Inc., Barnard Microsystems Ltd., Honeywell International Inc., Rolls-Royce Holdings plc, Zanzottera Technologies S.r.l., GE Aerospace, Orbital Corporation, Meggitt PLC, Maxon International Ltd., Loweheiser S.L, Cosworth LLC, UAV Turbines, Inc.
Emergen Research has segmented the global aircraft micro turbine engine market on the basis of engine type, platform, application, end-use, and region:
· Engine Type Outlook (Revenue, USD Billion; 2019-2032)
o Turbojet Micro Turbines
o Turbofan Micro Turbines
o Turboshaft Micro Turbines
o Auxiliary Power Unit (APU) Micro Turbines
o Hybrid-Electric Micro Turbines
· Platform Outlook (Revenue, USD Billion; 2019-2032)
o General Aviation
1. Light Aircraft
2. Light Business Jets
o Commercial aviation
o Military Aviation
1. Military Aircraft
2. Military Drones
o Air mobility
1. Air taxis
2. Cargo drones
· Application Outlook (Revenue, USD Billion; 2019-2032)
o Unmanned Aerial Vehicles (UAVs)
o General Aviation
o Military and Defense
o Urban Air Mobility (UAM)
o Industrial and Marine Applications
o Others
· End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Original Equipment Manufacturer (OEM)
o Aftermarket
· Regional Outlook (Revenue, USD Billion; 2019–2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/aircraft-micro-turbine-engine-market
Market Overview:
The research report on the Aircraft Micro Turbine Engine market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Aircraft Micro Turbine Engine business sphere.
Key Objectives of the Report:
· Analysis and estimation of the Aircraft Micro Turbine Engine market size and share for the projected period of 2020-2028
· Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
· Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Aircraft Micro Turbine Engine market
