Aircraft Propulsion System Market Growth, Size, Trends, Revenue, Challenges and Future Outlook
Aircraft Propulsion System Market Size- By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: AERO2330 | Pages: 1 - 201 | Formats*: |
| Category : Aerospace and Defence | |||
Aircraft Propulsion System Market Introduction and Overview
According to SPER Market Research, the Global Aircraft Propulsion System Market is estimated to reach USD 803.19 billion by 2033 with a CAGR of 6.89%.
The report includes an in-depth analysis of the Global Aircraft Propulsion System market, including market size and trends, product mix, distribution channels, and supplier analysis. The propulsion system is a device that pushes an aircraft forward and aids in flight. It is made up of an engine, a propeller, and several smaller parts. The engine moves the propeller and produces thrust, which propels the aircraft forward. For the aircraft to accelerate, this thrust must be greater than the drag. The acceleration increases as the difference between drag and push increases. Such systems are used in spacecraft, missiles, helicopters, and aircraft.
- Airflow, an electric short takeoff and landing (eSTOL) aircraft startup, recently announced a collaboration with Pipistrel, the creator and producer of the world's first and only type-certified electric airplane. Pipistrel will supply the motors, motor controllers, and batteries for Airflow's proof-of-concept aircraft using Distributed Electric Propulsion as part of this collaboration.
- BAE Systems introduces a next-generation power and propulsion system to assist marine operators in achieving zero emissions.
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Market Opportunities and Challenges
- Opportunities:
The Aircraft Propulsion System market has a variety of opportunities and challenges. On the opportunity side, Unmanned Aerial Vehicles (UAVs) are becoming more popular: The growing usage of unmanned aerial vehicles (UAVs) in a variety of industries, including defense, agriculture, and surveillance, creates potential for the aircraft propulsion system industry. UAVs require lightweight, efficient propulsion systems that can operate autonomously. The increased use of aircraft and helicopters is driving the global aviation propulsion system market. These planes and helicopters are used in general aviation, commercial aviation, and military aviation.
- Challenges:
High Costs of Development and Maintenance: The development and maintenance of airplane propulsion systems are both expensive. The high expenses of research and development, manufacturing, and maintenance are impeding market expansion, especially for smaller players in the industry.
Fuel Price unpredictability: The aircraft sector has a challenge due to the unpredictability of global fuel costs. Fuel price fluctuations have a direct impact on airline operating costs and, as a result, demand for aircraft propulsion systems.
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Market Competitive Landscape
The market for aircraft propulsion systems is highly competitive, with several main competitors vying for market dominance. Major aviation engine manufacturers like as General Electric, Rolls-Royce Holdings, Pratt & Whitney, and Safran SA are key players in the market. These companies invest extensively in R&D to create breakthrough propulsion systems and keep their competitive edge.
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 Type, By Application, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | 3W International GmbH, Aerojet Rocketdyne Holdings, Inc., Bombardier Recreational Products Inc., Busek Co. Inc., General Electric Company, Honeywell International Inc., NPO Energomash, Rolls-Royce Holdings plc., United Technologies Corporation. |
COVID-19 Impact on Global Aircraft Propulsion System Market
The Pandemic of Covid-19 had a profound impact on the market for Aircraft Propulsion Systems. Due to travel restrictions, decreased passenger demand, and the grounding of aircraft fleets, the aviation industry endured a severe downturn. As a result, new aircraft orders fell and demand for propulsion systems slowed. However, the market is projected to regain strength when the sector gradually recovers and air travel begins.
Key Target Audience
- Aircraft Manufacturers
- Airlines and Air Operators
- Government and Military
- Aviation Regulatory Authorities
- Research and Development Organizations
Our in-depth analysis of the Aircraft Propulsion System Market includes the following segments:
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| By Application: |
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Key Topics Covered in the Report
- Global Aircraft Propulsion System Market Size (FY’2023-FY’2033)
- Overview of Global Aircraft Propulsion System Market
- Segmentation of Global Aircraft Propulsion System Market By Type (Air Breathing Engine, Non-air Breathing Engine)
- Segmentation of Global Aircraft Propulsion System Market By Application (Aircrafts, Missiles, Spacecraft, UAV’s)
- Segmentation of Global Aircraft Propulsion System Market By End User (Aerospace & Defence, Commercial Aviation, General Aviation)
- Statistical Snap of Global Aircraft Propulsion System Market
- Expansion Analysis of Global Aircraft Propulsion System Market
- Problems and Obstacles in Global Aircraft Propulsion System Market
- Competitive Landscape in the Global Aircraft Propulsion System Market
- Impact of COVID-19 and Demonetization on Global Aircraft Propulsion System Market
- Details on Current Investment in Global Aircraft Propulsion System Market
- Competitive Analysis of Global Aircraft Propulsion System Market
- Prominent Players in the Global Aircraft Propulsion System Market
- SWOT Analysis of Global Aircraft Propulsion System Market
- Global Aircraft Propulsion System 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 Propulsion System 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 Propulsion System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Aircraft Propulsion System Market
7. Global Aircraft Propulsion System Market, By Type (USD Million)
7.1. Global Aircraft Propulsion System Market Value Share and Forecast, By Type, 2023-20337.2. Air Breathing Engine
7.2.1. Turbojet Engines7.2.2. Ramjets7.2.3. Scramjets7.2.4. IC Engines
7.3. Non-air Breathing Engine
7.3.1. Electric Propulsion7.3.2. Solid Propulsion7.3.3. Liquid Propulsion7.3.4. Others
8. Global Aircraft Propulsion System Market, By Application (USD Million)
8.1. Global Aircraft Propulsion System Market Value Share and Forecast, By Application, 2023-20338.2. Aircrafts8.3. Missiles8.4. Spacecraft8.5. UAV’s
9. Global Aircraft Propulsion System Market, By End User (USD Million)
9.1. Global Aircraft Propulsion System Market Value Share and Forecast, By End User, 2023-20339.2. Aerospace & Defence9.3. Commercial Aviation9.4. General Aviation
10. Global Aircraft Propulsion System Market Forecast, 2019-2033 (USD Million)
10.1. Global Aircraft Propulsion System Market Size and Market Share
11. Global Aircraft Propulsion System Market, By Type, 2019-2033 (USD Million)
11.1. Global Aircraft Propulsion System Market Size and Market Share By Type (2019-2026)11.2. Global Aircraft Propulsion System Market Size and Market Share By Type (2027-2033)
12. Global Aircraft Propulsion System Market, By Application, 2019-2033 (USD Million)
12.1. Global Aircraft Propulsion System Market Size and Market Share By Application (2019-2026)12.2. Global Aircraft Propulsion System Market Size and Market Share By Application (2027-2033)
13. Global Aircraft Propulsion System Market, By End User, 2019-2033 (USD Million)
13.1. Global Aircraft Propulsion System Market Size and Market Share By End User (2019-2026)13.2. Global Aircraft Propulsion System Market Size and Market Share By End User (2027-2033)
14. Global Aircraft Propulsion System Market, By Region, 2019-2033 (USD Million)
14.1. Global Aircraft Propulsion System Market Size and Market Share By Region (2019-2026)14.2. Global Aircraft Propulsion System Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. 3W International GmbH
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Aerojet Rocketdyne Holdings
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Bombardier Recreational Products Inc
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Busek Co. Inc.
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. General Electric Company
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Honeywell International Inc.,
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent development
15.7. NPO Energomash
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent development
15.8. Rolls-Royce Holdings plc
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent development
15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. 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 Propulsion System Market is projected to reach USD 803.19 billion by 2033, growing at a CAGR of 6.89% during the forecast period.
Aircraft Propulsion System Market grew in market size from 2022. The Market is expected to reach USD 803.19 billion by 2033, at a CAGR of 6.89% during the forecast period.
Aircraft Propulsion System Market CAGR of 6.89% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Aircraft Propulsion System Market size is USD 803.19 billion from 2023 to 2033.
Aircraft Propulsion System Market Segment is covered By Type, By Application, By End User.
The North America is anticipated to have the highest market share in the Aircraft Propulsion System Market .
"The key players in the market include Companies Covered 3W International GmbH, Aerojet Rocketdyne Holdings, Inc., Bombardier Recreational Products Inc., Busek Co. Inc., General Electric Company, Honeywell International Inc., NPO Energomash, Rolls-Royce Holdings plc., United Technologies Corporation.
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The propulsion system is a device that pushes an aircraft forward and aids in flight. It is made up of an engine, a propeller, and several smaller parts. The engine moves the propeller and produces thrust, which propels the aircraft forward.
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