Aircraft Micro Turbine Engines Market Growth, Size, Trends, Revenue, Scope and Future Outlook
Aircraft Micro Turbine Engines Market Size- By Engine Type, By Platform, By Fuel Type, By Horsepower, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: AERO2321 | Pages: 1 - 235 | Formats*: |
| Category : Aerospace and Defence | |||
Aircraft Micro Turbine Engines Market Introduction and Overview
According to SPER Market Research, the Global Aircraft Micro Turbine Engines Market is estimated to reach USD 0.10 billion by 2033 with a CAGR of 10.07%.
The report includes an in-depth analysis of the Global Aircraft Micro Turbine Engines Market, including market size and trends, product mix, distribution channels, and supplier analysis. An aircraft micro turbine engine is a compact combustion turbine that employs micro combustion to provide simultaneous heat and electricity generation. It is highly desirable due to its ability to utilize a wide range of fuel types, its small size, and its efficiency. Its compact design allows it to occupy minimal space, freeing up room for other components in the overall aircraft design. This engine's small footprint enables it to fit snugly within the aircraft, optimizing the utilization of available space. Additionally, its compactness contributes to its efficient performance, making it an attractive choice for aircraft applications.
- June 2021: The Kratos Turbine Technologies (KTT) Division has just received a $8.6 million task order under the Advanced Turbine Technologies for Affordable Mission (ATTAM) ID/IQ contract, according to a recent announcement from Kratos Defence & Security Solutions, Inc. The contract entails the design, development, assembly, and testing of an affordable turbo shaft engine for Group 3 unmanned aerial vehicles (UAVs).
- February 2021: Prvni brnenska strojirna Velka Bites (PBS), a Czech Republic-based aerospace manufacturer with EASA certification, has revealed plans to introduce advanced high-performance jet engines. After successfully delivering their 1,000th PBS TJ100 turbojet engine in 2020, PBS is now responding to market demands by adapting their offerings to cater to disposable applications.
Market Opportunities and Challenges
- Opportunities:
- Growing Demand for Unmanned Aerial Vehicles (UAVs): As UAVs are used more often in a variety of fields, including the military, surveillance, and commercial applications, there is a significant market for small, lightweight micro turbine engines that can power these unmanned aircraft.
- Fuel Efficiency and Emission Reduction: Aircraft micro turbine engines, in comparison to conventional reciprocating engines, offer improved fuel efficiency and reduced pollutants. Micro turbine engines, which can aid in lowering fuel consumption and carbon footprint, are becoming more and more popular as a result of the growing emphasis on environmental sustainability and strict emission standards.
- Challenges:
- Cost and Affordability: Compared to typical engines, micro turbine engines may have greater initial acquisition costs and ongoing operating costs. Wider market adoption is made more difficult by this, particularly for budget-constrained UAV producers or smaller aircraft operators.
- Certification and Regulatory Compliance: To achieve compliance with safety and regulatory standards, aircraft engines, especially micro turbine engines, must go through stringent certification processes. Engine manufacturers face a problem because certification can be time-consuming and expensive to obtain.
Market Competitive Landscape
The market for Aircraft Micro Turbine is currently dominated by prominent American and European companies like GE Aviation, Williams International, and Aero Design Works GmbH. These key players compete based on factors such as affordability, technological advancements, management capabilities, passenger safety and comfort, and eco-friendly solutions. However, an emerging player in the market is Kratos Defense & Security Solutions, known for its KTT turbojet engine. The key players in the Global Aircraft Micro Turbine Engines market include AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, Williams International, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Engine Type, By Platform, By Fuel Type, By Horsepower, By End User |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, Williams International, Others |
COVID-19 Impact on Global Aircraft Micro Turbine Engines Market
The aircraft micro turbine engine market, like many other industries, has been severely affected by the Covid-19 pandemic. The global air travel restrictions and government regulations imposed to contain the virus led to a significant decline in air travel demand, directly impacting the demand for aircraft engines. Furthermore, supply chain disruptions and delays in aircraft production have resulted in the postponement of new aircraft deployments that would require micro turbine engines. As a result, the growth of the micro turbine engine market has been hindered during the pandemic.
Key Target Audience
- Aircraft Maintenance, Repair, and Overhaul (MRO) Providers
- Aircraft Manufacturers
- Aviation Industry Suppliers
- Aviation Operators
- Aviation Regulatory Agencies
- Defense and Military Organizations
- Others
Our in-depth analysis of the Aircraft Micro Turbine Engines Market includes the following segments:
| By Engine Type: |
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| By Platform: |
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| By Fuel Type: |
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| By Horsepower: |
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| By End User: |
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Key Topics Covered in the Report
- Global Aircraft Micro Turbine Engines Market Size (FY’2023-FY’2033)
- Overview of Global Aircraft Micro Turbine Engines Market
- Segmentation of Global Aircraft Micro Turbine Engines Market By Engine Type (Turbojet, Turboshaft)
- Segmentation of Global Aircraft Micro Turbine Engines Market By Platform (Advanced Air Mobility, Commercial Aviation, General Aviation, Military Aviation)
- Segmentation of Global Aircraft Micro Turbine Engines Market By Fuel Type (Biofuel, Diesel, Jet A, Kerosene)
- Segmentation of Global Aircraft Micro Turbine Engines Market By Horsepower (5-50 HP, 50-100 HP, 100-200 HP)
- Segmentation of Global Aircraft Micro Turbine Engines Market By End User (Auxiliary Power, Propulsion)
- Statistical Snap of Global Aircraft Micro Turbine Engines Market
- Expansion Analysis of Global Aircraft Micro Turbine Engines Market
- Problems and Obstacles in Global Aircraft Micro Turbine Engines Market
- Competitive Landscape in the Global Aircraft Micro Turbine Engines Market
- Impact of COVID-19 and Demonetization on Global Aircraft Micro Turbine Engines Market
- Details on Current Investment in Global Aircraft Micro Turbine Engines Market
- Competitive Analysis of Global Aircraft Micro Turbine Engines Market
- Prominent Players in the Global Aircraft Micro Turbine Engines Market
- SWOT Analysis of Global Aircraft Micro Turbine Engines Market
- Global Aircraft Micro Turbine Engines Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Aircraft Micro Turbine Engines Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Aircraft Micro Turbine Engines Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Aircraft Micro Turbine Engines Market
7. Global Aircraft Micro Turbine Engines Market, By Engine Type (USD Million)
7.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Engine Type, 2023-20337.2. Turbojet7.3. Turboshaft
8. Global Aircraft Micro Turbine Engines Market, By Platform (USD Million)
8.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Platform, 2023-20338.2. Advanced Air Mobility8.3. Commercial Aviation8.4. General Aviation8.5. Military Aviation
9. Global Aircraft Micro Turbine Engines Market, By Fuel Type (USD Million)
9.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Fuel Type, 2023-20339.2. Biofuel9.3. Diesel9.4. Jet A9.5. Kerosene
10. Global Aircraft Micro Turbine Engines Market, By Horsepower (USD Million)
10.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Horsepower, 2023-203310.2. 5-50 HP10.3. 50-100 HP10.4. 100-200 HP
11. Global Aircraft Micro Turbine Engines Market, By End User (USD Million)
11.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By End User, 2023-203311.2. Auxiliary Power11.3. Propulsion
12. Global Aircraft Micro Turbine Engines Market Forecast, 2019-2033 (USD Million)
12.1. Global Aircraft Micro Turbine Engines Market Size and Market Share
13. Global Aircraft Micro Turbine Engines Market, By Engine Type, 2019-2033 (USD Million)
13.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Engine Type (2019-2026)13.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Engine Type (2027-2033)
14. Global Aircraft Micro Turbine Engines Market, By Platform, 2019-2033 (USD Million)
14.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Platform (2019-2026)14.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Platform (2027-2033)
15. Global Aircraft Micro Turbine Engines Market, By Fuel Type, 2019-2033 (USD Million)
15.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Fuel Type (2019-2026)15.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Fuel Type (2027-2033)
16. Global Aircraft Micro Turbine Engines Market, By Horsepower, 2019-2033 (USD Million)
16.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Horsepower (2019-2026)16.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Horsepower (2027-2033)
17. Global Aircraft Micro Turbine Engines Market, By End User, 2019-2033 (USD Million)
17.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By End User (2019-2026)17.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By End User (2027-2033)
18. Global Aircraft Micro Turbine Engines Market, By Region, 2019-2033 (USD Million)
18.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Region (2019-2026)18.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Region (2027-2033)18.3. Asia-Pacific
18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada18.6.2. Mexico18.6.3. United States
18.7. Latin America
18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. AeroDesignWorks GmbH
19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments
19.2. Elliott Company
19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments
19.3. General Electric Company
19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments
19.4. Honeywell International Inc.
19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments
19.5. Kratos Defense & Security Solutions, Inc.
19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments
19.6. Micro Turbine Technology B.V.
19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments
19.7. PBS Group. a.s.
19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments
19.8. Sentient Blue Technologies
19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments
19.9. Turbotech SAS
19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments
19.10. Williams International
19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments
19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Aircraft Micro Turbine Engines Market is projected to reach USD 0.10 billion by 2033, growing at a CAGR of 10.07% during the forecast period.
Aircraft Micro Turbine Engines Market grew in market size from 2022. The Market is expected to reach USD 0.10 billion by 2033, at a CAGR of 10.07% during the forecast period.
Aircraft Micro Turbine Engines Market CAGR of 10.07% during the forecast period.
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Aircraft Micro Turbine Engines Market size is USD 0.10 billion from 2023 to 2033.
Aircraft Micro Turbine Engines Market Segment is covered By Engine Type, By Platform, By Fuel Type, By Horsepower, By End User.
The North America region is anticipated to have the highest market share in the Aircraft Micro Turbine Engines Market.
The key players in the market include Companies Covered AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, Williams International, Others.
An aircraft micro turbine engine is a compact combustion turbine that employs micro combustion to provide simultaneous heat and electricity generation. It is highly desirable due to its ability to utilize a wide range of fuel types, its small size, and its efficiency.
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