The rising number of passengers boarding flights for work or travel purpose on the account of increasing per capita income and the propelling need to upgrade the aging aircraft feet is anticipated to drive the global aircraft engine combustor market over the coming years.
According to TechSci report on, “Aircraft Engine Combustor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the aircraft engine combustor market is expected to register an impressive CAGR during the forecast period, 2023-2027. Rise in the number of passengers boarding air flights due to work, leisure, or travel purpose, along with inflating per capita income of the individuals, is pushing the airline companies to expand their aircraft fleet. This eventually is propelling the demand for aircraft engine combustor. Furthermore, aircraft engine combustors with high fuel efficiency, compact size, and lighter weight are increasingly in demand today. In addition, the rise in the number of passengers has pushed the airliners to expand their aircraft fleet size and modernize the old fleet. Hence, the growing demand for new aircrafts and old aircraft modifications is driving the growth of the aircraft engine combustor market. Besides, rising demand for cost-effective and fuel-efficient aircraft is also supporting the market growth. Several leading market players and OEMs are focusing on developing fuel-efficient aircraft to reduce the consumption of fuel and carbon footprints. The fuel efficiency in an aircraft can be achieved by reducing the overall weight of the aircraft. For this, the manufacturers are developing lightweight engine combustors, hence driving the market growth. Apart from this, due to the rising geopolitical and cross-border tensions between the nations, the government of several countries are investing heavily in upgrading their aircraft fleets. Military aviation comprises fighter jets and transport aircraft. The rising use of these jets is adding to the demand for efficient engine combustors, which eventually provides a positive outlook to the global aircraft engine combustor engine market.
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The global aircraft engine combustor market is segmented on the basis of engine type, type, aircraft type, application, competitive landscape, and regional distribution. Based on the engine type, the market is bifurcated into turboprop, turbofan, turboshaft, and piston. Among these, the turbofan segment is anticipated to hold a prominent market share in the coming years. A turbofan engine supports a large fan at the front of the engine combustor, which sucks in most of the airflow outside of the engine. This eventually makes the engine much quieter and enables more thrust at a low speed. Most airlines are powered by this engine, therefore, the demand for turbofan engines is more as compared to other alternatives.
Based on the aircraft type, the market is fragmented into narrow body aircrafts, wide body aircrafts, regional aircrafts, business aircrafts, rotorcrafts, and fighter aircrafts. Among these, the narrow body aircraft segment is projected to hold a prominent market share in the coming years. A narrow body aircraft is cost-efficient, as it lowers the operating cost, which contributes to the to the survivability of the airlines even the situations like the pandemic. Apart from the cost savings, there are clear environmental advantages of flying narrow-body aircraft. Flying sustainably helps the airline company to create a positive brand sentiment as well. As a result, the demand for narrow-body aircrafts is rising at a rapid pace, which eventually is driving the market for global aircraft engine combustor market.
By application, the market is divided between commercial and military. Among these, commercial aircraft are expected to hold a considerable market share in the coming years. Commercial aircraft are primarily used for transporting people and cargo from one place to another. The growth of this segment can be attributed to the rise in the number of airline passengers along with inflating disposable income of the consumers. Moreover, the growing initiatives by the governments of several nations to connect remote and distant areas to the main airport hub are augmenting the demand for aircraft engine combustors in commercial aircrafts.
A list of major market players of the global aircraft engine combustor market includes:
- Rolls-Royce
- Safran
- GE Aviation
- Airbus
- PBS Aerospace
- Mitsubishi Heavy Industries, Ltd.
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“On the geographical front, Asia Pacific is anticipated to hold a significant market share in the coming years. the growth in the region can be accredited to the rising defense spending by the governments of countries like India and China. This has created the demand for fighter aircrafts in the region. Besides, the increasing passenger traffic in Asia Pacific on the account of rise in disposable income of the individuals and economic growth in the countries like China, India, South Korea, and Japan. Moreover, the rapidly rising middle-class population along with the rise in working women population are the major factors leading to the rise in number of air passengers. All these aforementioned factors are anticipated to propel the global aircraft engine combustor market in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Aircraft Engine Combustor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, By Engine Type (Turboprop, Turbofan, Turboshaft, Piston), By Type (Multiple Chamber, Tubo-Annular Chamber, Annular Chamber), By Aircraft Type (Narrow Body Aircrafts, Wide Body Aircrafts, Regional Aircrafts, Business Aircrafts, Rotorcrafts, Fighter aircrafts), By Application (Commercial, Military), and By Region” has evaluated the future growth potential of aircraft engine combustor market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in aircraft engine combustor market.
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