The Aviation Gas Turbine Global Market Report 2023, provides comprehensive information on the aviation gas turbine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global aviation gas turbine market size is expected to grow from $10.03 billion in 2022 to $10.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine have disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aviation gas turbine market size is expected to reach $14.01 billion in 2027 at a CAGR of 6.7%.
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Technological advancements are a key trend gaining popularity in the aviation gas turbine market. Major companies operating in the aviation gas turbine market are involved in developing new and improved advanced technology to sustain their position in the market. For instance, in June 2021, Safran SA, a French-based aircraft equipment company, and GE, a US-based aviation company, announced their partnership to create innovative jet engine technology. The technology demonstrator project is being launched as the aviation industry gears up to compete for the next generation of single-aisle aircraft, including the MAX and A320neo, in the active segment of the market while also dealing with increasing environmental strain.
The aviation gas turbine market is segmented:
1) By Type: Turbojet, Turbofan, Turboprop, Other Types
2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
3) By Application: Commercial Aircraft, Defense Aircraft, Business Aircraft, Other Applications
North America was the largest region in the aviation gas turbine market in 2022.
The table of contents in TBRC’s aviation gas turbine market report includes:
- Executive Summary
- Aviation Gas Turbine Market Characteristics
- Aviation Gas Turbine Market Trends And Strategies
- Aviation Gas Turbine Market – Macro Economic Scenario
- Aviation Gas Turbine Market Size And Growth
…..
- Africa Aviation Gas Turbine Market
- Aviation Gas Turbine Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Aviation Gas Turbine Market
- Aviation Gas Turbine Market Future Outlook and Potential Analysis
- Appendix
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