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Aircraft Turbofan Engine Market

Global Aircraft Turbofan Engine Market Research Report - Forecast to 2023


Introduction


Growing environmental awareness among individuals across the globe has been pushing the aircraft engine manufacturers to shift their focus towards efficiency. Manufacturers are focused on the production of aircraft engines that significantly curb carbon emissions and are fuel efficient at the same time. Of late, the manufacturers employ the application of composites on fan blades and other components, which results in reduction in the weight of engines to up to 1,000 pounds on average. This, in turn, delivers higher fuel efficiency for an aircraft engine.
The increasing demand for fuel efficient and light weight engines is one of the primary factors driving the aircraft turbofan engine market in the recent years. With most of the major manufacturers competing in the market and trying to acquire a higher market share by delivering higher quality products as compared to their competitors the market is expected to grow at a very high CAGR. Therefore, the global aircraft turbofan engine market is expected to grow at a CAGR of approximately 6%, during the forecast period.


Regional Analysis
In 2016, the Americas were the leading the aircraft turbofan engine market. A number of the major engine manufacturers (such as Pratt & Whitney and GE Aviation) are present in the region, gaining the region a high market share. The Americas are home to few of the world's most renowned commercial aircraft and business jet manufacturers, i.e., Boeing, Bombardier, Gulfstream, and Embraer. The U.S., in particular, is making substantial investments in producing advanced turbofan engines, which will be integrated across modern fighter jets and MEA such as Boeing 787. Although, Brazil and Canada make some investments in the development of these engines, yet the market is primarily dominated by the US. As a result, it is expected that the aircraft turbofan engine market in the Americas would grow at a CAGR of approximately 7%, during the forecast period.


Key Players
The key players of aircraft turbofan engine market include GE Aviation, Pratt & Whitney, Safran Aircraft Engines, Rolls Royce, CFM International, Honeywell International, Engine Alliance, MTU Aero Engines, International Aero Engines AG, and Aviadvigatel. In 2016, CFM International, GE Aviation, and Pratt & Whitney accounted for a market share of approximately 75%.
Objective of the Global Aircraft Turbofan Engine Market, Analysis & Forecast, from 2017 to 2023
• To provide insights about factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on aircraft type and application.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market


Target Audience
• Manufactures 
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute 
• Potential investors
• Key executive (CEO and COO) and strategy growth manager


Key Findings
• On the basis of aircraft type, the market is segmented as Wide body Aircraft and Narrow body Aircraft. Narrow-body Aircraft is projected to grow at the highest CAGR of ~6% during the forecast period. 
• Market categorization based on applications includes Commercial Air Transport and military Aviation. Commercial Air Transport Segment held the largest share with ~6.5% CAGR within the market during the forecast period.
• Americas dominates the global aircraft turbofan engine market with 42% of share in 2016, in terms of value. It is expected to grow at a CAGR of ~7% during the forecast period. EMEA is expected to grow at a CAGR of ~5.60 % during the forecast period and reach a market size of USD ~14000 million by 2023.


The regional analysis also includes -
• America
o U.S.
o Canada
o Rest of Americas
• EMEA
o U.K.
o Russia
o France
o Rest of EMEA
• Asia-Pacific
o China
o Japan
o Rest of Asia-Pacific 
Companies Mentioned
 GE Aviation, Pratt & Whitney, Safran Aircraft Engines, Rolls Royce, CFM International, Honeywell International, Engine Alliance, MTU Aero Engines, International Aero Engines AG, and Aviadvigatel.	
Table of Contents:

1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
2.5 Key Takeaways of the Market
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers
4.1.1 Development of Next-Generation Engines
4.1.2 Rapid Fleet Expansion
4.1.3 Increasing Demand For Fuel Efficient and Light weight Engines
4.2 Challenges
4.2.1 Impact on the Environment
4.2.2 High Manufacturing Costs
4.3 Opportunities
4.3.1 Increasing Use of Biofuels
4.4 Trends
4.4.1 Continued Usage of Advanced Materials in Engines
4.4.2 Evolution of 3D printing
5 Market Factor Analysis
5.1 Supply Chain of the Global Aircraft Turbofan Engine Market
5.2 Porter's Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Suppliers
5.2.3 Bargaining Power of Buyers
5.2.4 Threat of Substitutes
5.2.5 Rivalry
6 Major Aircraft Turbofan Engines
6.1 CFM56
6.2 PW4000
6.3 GEnx
6.4 Trent 1000
6.5 PW1000
6.6 CFM LeapX
6.7 GP7000
6.8 F135
6.9 F414
6.1 V2500
7 Global Aircraft Turbofan Engine Market, By Application
7.1 Introduction
7.1.1 Commercial Air Transport
7.1.2 Military Aviation
8 Global Aircraft Turbofan Engine Market, By Aircraft Type
8.1 Introduction
8.1.1 Widebody Aircraft
8.1.2 Narrowbody Aircraft
9 Aircraft Turbofan Engine Market, By Region
9.1 Introduction
9.2 Americas
9.2.1 U.S.
9.2.2 Canada
9.2.3 Rest Of Americas
9.4 EMEA
9.4.1 U.K.
9.4.2 France
9.4.3 Russia
9.4.4 Rest Of EMEA
9.5 APAC
9.5.1 China
9.5.2 Japan
9.5.3 Rest of APAC
10 Patent Trends
11 Competitive Scenario
11.1 Competitive Landscape
11.2 Global Aircraft Turbofan Engine Market Share of Top 3 and Top 5 Players/Manufacturers
12 Company Profiles
12.1 GE Aviation
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Product/Service Offering
12.1.4 GE Aviation: Key Developments
12.1.5 GE Aviation: SWOT Analysis
12.2 Pratt & Whitney
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Product/Business Offering
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.3 Rolls-Royce
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Product/Service Offering
12.3.4 Key Developments
12.3.5 Rolls-Royce: SWOT Analysis
12.4 International Aero Engines
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Product/Service Offering
12.4.4 Key Developments
12.5 Safran Aircraft Engines
12.5.1 Company Overview
12.5.2 Financial Overview
12.5.3 Product/Service Offering
12.5.4 Key Development
12.5.5 Safran Aircraft Engines: SWOT Analysis
12.6 CFM International
12.6.1 Financial Overview
12.6.2 Product/Service Offering
12.6.3 Key Developments
12.6.4 SWOT Analysis
12.7 Honeywell International
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Product/Service Offering
12.7.4 Key Developments
12.7.5 SWOT Analysis
12.8 MTU Aero Engines
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Product/Service Offering
12.8.4 Key Developments
12.9 Engine Alliance
12.9.1 Company Overview
12.9.2 Financial Overview
12.9.3 Product/Service Offering
12.9.4 Key Developments
12.1 UEC-Aviadvigatel
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Product/Service Offering
12.10.4 Key Developments

	List of Tables:

TABLE 1 MARKET SYNOPSIS
TABLE 2 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 3 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 4 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY REGION, 2015-2023 (USD MILLION)
TABLE 5 AMERICAS: AIRCRAFT TURBOFAN ENGINE MARKET, BY COUNTRY, 2015-2023  (USD MILLION)
TABLE 6 AMERICAS: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023  (USD MILLION)
TABLE 7 AMERICAS: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE,  2015-2023 (USD MILLION)
TABLE 8 U.S.: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 9 U.S.: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 10 CANADA: AIRCRAFT TURBOFAN ENGINE MARKET, BY VEHCILE AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 11 CANADA: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 12 REST OF AMERICAS: AIRCRAFT TURBOFAN ENGINE MARKET, BY VEHCILE AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 13 REST OF AMERICAS: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 14 EMEA: AIRCRAFT TURBOFAN ENGINE MARKET, BY COUNTRY, 2015-2023 (USD MILLION)
TABLE 15 EMEA: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 16 EMEA: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023  (USD MILLION)
TABLE 17 U.K.: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 18 U.K.: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023  (USD MILLION)
TABLE 19 FRANCE: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 20 FRANCE: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 21 RUSSIA: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 22 RUSSIA: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 23 REST OF EMEA: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 24 REST OF EMEA: AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 25 APAC AIRCRAFT TURBOFAN ENGINE MARKET, BY COUNTRY, 2015-2023 (USD MILLION)
TABLE 26 APAC AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 27 APAC AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE,2015-2023 (USD MILLION)
TABLE 28 CHINA AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 29 CHINA AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023  (USD MILLION)
TABLE 30 JAPAN AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 31 JAPAN AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 32 REST OF APAC AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 33 REST OF APAC AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015-2023 (USD MILLION)
TABLE 34 MAJOR GRANTED PATENTS ON AIRCRAFT TURBOFAN ENGINE (JULY 11TH, 2012 - JULY 11TH, 2017)
TABLE 35 PRATT & WHITNEY: KEY DEVELOPMENTS
TABLE 36 ROLLS-ROYCE: KEY DEVELOPMENTS
TABLE 37 MTU AERO ENGINES: KEY DEVELOPMENTS
TABLE 38 UEC-AVIADVIGATEL: KEY DEVELOPMENTS

 List of Figures:

FIGURE 1 MAJOR TYPES OF AIRCRAFT ENGINE
FIGURE 2 KEY TAKEAWAYS OF THE MARKET
FIGURE 3 RESEARCH PROCESS OF MRFR
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH
FIGURE 5 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET
FIGURE 6 ADVANTAGES OF 3D PRINTING ON AIRCRAFT ENGINES
FIGURE 7 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015 (% SHARE)
FIGURE 8 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015 TO 2023 (USD MILLION)
FIGURE 9 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015 (%)
FIGURE 10 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015 TO 2023 (USD MILLION)
FIGURE 11 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY REGION, 2015 TO 2023 (USD MILLION)
FIGURE 12 AMERICAS: AIRCRAFT TURBOFAN ENGINE MARKET SHARE, BY COUNTRY, 2016 (%)
FIGURE 13 AMERICAS: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015 TO 2023  (USD MILLION)
FIGURE 14 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015 TO 2023  (USD MILLION)
FIGURE 15 EMEA: AIRCRAFT TURBOFAN ENGINE MARKET, BY COUNTRY, 2016 (%)
FIGURE 16 EMEA: AIRCRAFT TURBOFAN ENGINE MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
FIGURE 17 EMEA: AIRCRAFT TURBOFAN ENGIN+E MARKET, BY AIRCRAFT TYPE, 2015-2023  (USD MILLION)
FIGURE 18 APAC AIRCRAFT TURBOFAN ENGINE MARKETSHARE, BY COUNTRY, 2016 (%)
FIGURE 19 APAC AIRCRAFT TURBOFAN ENGINE MARKET SHARE, BY APPLICATION, 2015 TO 2023 (USD MILLION)
FIGURE 20 APAC AIRCRAFT TURBOFAN ENGINE MARKET, BY AIRCRAFT TYPE, 2015 TO 2023 (USD MILLION)
FIGURE 21 GEOGRAPHIC DISTRIBUTION OF THE PUBLISHED PATENTS (JULY 11TH, 2012 - JULY 11TH, 2017)
FIGURE 22 COMPETITORS BENCHMARKING
FIGURE 23 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET SHARE OF TOP 5 PLAYERS
FIGURE 24 GLOBAL AIRCRAFT TURBOFAN ENGINE MARKET SHARE OF TOP 3 PLAYERS
FIGURE 25 GE AVIATION: TOTAL REVENUE (USD MILLION)
FIGURE 26 GE AVIATION: GEOGRAPHICAL SEGMENTATION 2016 (% SHARE)
FIGURE 27 PRATT & WHITNEY, GEOGRAPHICAL SEGMENTATION, (2016 % SHARE)
FIGURE 28 PRATT & WHITNEY: SWOT ANALYSIS
FIGURE 29 ROLLS ROYCE: BUSINESS SEGMENTS
FIGURE 30 ROLLS-ROYCE: TOTAL REVENUE (USD MILLION)
FIGURE 31 ROLLS-ROYCE: GEOGRAPHICAL SEGMENTATION 2016 (% SHARE)
FIGURE 32 INTERNATIONAL AERO ENGINES AG : TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION)
FIGURE 33 INTERNATIONAL AERO ENGINES AG : SWOT ANALYSIS
FIGURE 34 SAFRAN AIRCRAFT ENGINES: BUSINESS SEGMENTS
FIGURE 35 SAFRAN GROUP: TOTAL REVENUE (USD MILLION)
FIGURE 36 SAFRAN AIRCRAFT ENGINES: GEOGRAPHICAL REVENUE MIX (2016)
FIGURE 37 SAFRAN AIRCRAFT ENGINES: KEY DEVELOPMENTS
FIGURE 38 CFM INTERNATIONAL: SWOT ANALYSIS
FIGURE 39 HONEYWELL INTERNATIONAL: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION)
FIGURE 40 HONEYWELL INTERNATIONAL: SWOT ANALYSIS
FIGURE 41 MTU AERO ENGINES: BUSINESS SEGMENTS
FIGURE 42 MTU AERO ENGINES: TOTAL REVENUE
FIGURE 43 MTU AERO ENGINES: GEOGRAPHIC REVENUE 2016 (%)
FIGURE 44 ENGINE ALLIANCE: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION)

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