Aircraft Engine Combustor Market Projected to Register a Formidable Growth Through 2027
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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spread through 110 Pages and an in-depth TOC on "Global Aircraft Engine Combustor Market"
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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