Aircraft Micro Turbine Engines Market Size: Huge Investments by Key Players Are the Key Factor Driving the Global MarketPosted by Amrut Mahajani on February 14th, 2023  Aircraft Micro Turbine Engines Market: Trends, Growth, and Opportunities Aircraft Micro Turbine Engines Market is expected to grow from USD 2.8 billion in 2021 to USD 4.5 billion by 2030, at a CAGR of 5.5%. The report provides a detailed trend analysis from 2018 to 2030, including industry and technology trends, drivers, restraints, challenges, and opportunities that influence market growth. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248924999 The market exhibits lucrative growth potential during the forecast period, primarily due to the inherent operational benefits of microturbine engines, including low operating and maintenance costs, and the introduction of new-generation hybrid architecture in aircraft. Furthermore, the emergence of hybrid electric power generation technology and the development of distributed power generation systems are anticipated to open several growth opportunities for aircraft microturbine engine manufacturers. The report segments the market based on installation, end-use, platform, horsepower, engine type, and fuel type. Based on the installation, the auxiliary power segment is expected to dominate the market share during the forecast period, as ongoing research activities are focusing on the use of microturbine engines for auxiliary power. This would increase onboard electric power generation and reduce emissions. Based on the platform, the advanced air mobility segment is expected to witness the fastest growth during the forecast period, as the unprecedented growth in the urban population is envisioned to promote the development of hybrid air taxis and unmanned cargo delivery systems. Based on horsepower, the above 200 HP segment is expected to witness the fastest growth during the forecast period, as heavy-lift cargo vehicles would require the integration of powerful propulsion systems to sustain safe flight. Based on engine type, the turboshaft segment is estimated to lead the aircraft micro turbine engines market, as they are used as APUs of commercial and military aircraft, and business jets. Based on fuel type, the jet fuel segment is expected to dominate the market share during the forecast period, as Jet-A has superior properties, including a higher flashpoint and lower freezing point compared to other fuel types used in microturbine engines. In summary, the aircraft microturbine engines market presents significant opportunities for growth due to the numerous advantages of microturbine engines, the increasing demand for electric power, and the development of hybrid-electric power generation technology. Our Other Publications: Aircraft Micro Turbine Engines Market by End Use (OEM, Aftermarket), Platform (General Aviation, Commercial Aviation, Military Aviation, Advanced Air Mobility), Horsepower, Engine Type, Fuel Type, and Region (2021-2030) Military Embedded Systems Market by Application, Platform (Land, Airborne, Unmanned, Naval, Space), Server Architecture (Blade Server, Rack-mount Server), Installation Type, Component, Services, and Region – Global Forecast to 2027 Tactical Data Link Market by Application (Command & Control, ISR, EW, Radio Communication), Platform (Ground, Airborne, Naval, Unmanned Systems, Weapons), Component, Frequency, Data Link Type, Point of Sale, Military Standard, Region - Forecast to 2027 Contact: Like it? Share it! More by this author |