TechNavio recognizes the following companies as the key players in the Global Commercial Aircraft Gas Turbine Engine market: CFM International Inc., GE Aviation, International Aero Engines AG, and Pratt and Whitney Inc.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Commercial Aircraft Gas Turbine Engine market is the rise in demand for fuel-efficient aircraft engines. ATF accounted for a large part of the overall operating cost of airlines. Airlines can generate more revenue by using commercial aircraft gas turbine engines that consume less ATF. Therefore, the demand for fuel-efficient engines is increasing.”
According to the report, one of the main factors driving the market is the rise in demand for low-cost carriers (LCC). The rise of LCCs has resulted in a considerable increase in the overall passenger traffic, which is driving the market for commercial gas turbine engines. With the business model of running an LCC being successful, numerous airlines are looking at the prospect of launching their own LCCs for short haul flights.
Further, the report states that one of the main challenges is the increase in stringent regulations and certification processes. Engine manufacturers face strict regulations introduced by aviation regulatory agencies such as the Federal Aviation Administration and European Aviation Safety Agency. In addition, the presence of stringent certification processes discourages new players to enter the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Rolls Royce plc and Engine Alliance LLC.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-commercial-aircrafts-gas-turbine-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Global Commercial Aircraft Gas Turbine Engine Market 2012-2016.
