Published on : Jul 23, 2018
Albany, New York, July 23, 2018: In the coming years, aircraft engines are predicted to gain a high prominence in the military sector countering drug trafficking, illegal infiltration, and terrorism. Recently, a fresh study covering global market scenario of military aircraft engines has been broadcasted to the wide database of Market Research Hub (MRH), with the title of “The Global Military Aircraft Engines Market 2018-2028”. This 173-page study provides a detailed analysis of global market of military aircraft engines for the estimated period of 2018-2028 where 2017 is the base year. Additionally, this report reveals insight into the crucial aspects of the global market important segments, competitive landscape and factors fueling growth.
In order to give readers a crystal clear overview of the market, the study also offers analysis of factors that influence demand for a military aircraft engine, key market trends, and challenges faced by industry participants. In addition, the geographical landscape has been also presented in the study which analyses market scope, top suppliers, market size and CAGR growth analysis in key regions such as Europe, Asia Pacific, Middle East, North America, Latin America, and Africa.
Key Highlights from the Study
As per the recent evaluations, the global military aircraft engines market, which was valued at US$10.8 billion in 2018, is projected to grow at an impressive CAGR of 4.47% over the forecast period. At this pace, the market is poised to reach a value of US$16.7 billion by 2028 and cumulatively value US$146.4 billion. In the present time, the global expenditure on military aircraft engines sector is expected to be mainly driven by the growing need to replace aging aircraft and rotorcraft fleets, rising geopolitical rivalry, and engine refit and replacement programs.
Further, the research study broadly analyzes key market segments of military aircraft engine. This section highlights market scenario on the basis of its type, which are combat aircraft engines, transport aircraft engines, rotorcraft engines, and other aircraft engines. Amongst, the report finds that the market is expected to be dominated by the combat aircraft engines segment, which will account for 60.3% of the market in 2018.
In terms of geography, the study finds that North America is forecasted to dominate with a share of 37.1%, followed by Asia Pacific and Europe, with shares of 24.1% and 21.6% respectively.
The report also sheds light on the company share of key players operating in the worldwide aircraft engines market. The section majorly highlights eight leading companies along with their details such as major products and services, operating profit and net profit, financial analysis covering revenue, and financial deal and contracts.
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