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表紙:航空機エンジンの世界市場 - 成長、動向、予測(2021年~2026年)
市場調査レポート
商品コード
823675

航空機エンジンの世界市場 - 成長、動向、予測(2021年~2026年)

Aircraft Engines Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

出版日: | 発行: Mordor Intelligence Pvt Ltd | ページ情報: 英文 110 Pages | 納期: 2-3営業日

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航空機エンジンの世界市場 - 成長、動向、予測(2021年~2026年)
出版日: 2021年04月21日
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 110 Pages
納期: 2-3営業日
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  • 概要
  • 目次
概要

世界の航空機エンジン市場は、2019年から2024年にかけて5%を超えるCAGRを記録すると予測されています。

当レポートでは、世界の航空機エンジン市場を調査し、市場概要、エンジン型式・用途・地域別の市場規模の推移と予測、市場の成長要因および阻害要因の分析、市場機会、競合情勢、主要企業のプロファイルなど、包括的な情報を提供しています。

目次

第1章 イントロダクション

  • 調査成果
  • 前提条件
  • 調査範囲

第2章 調査方法

第3章 エグゼクティブサマリー

第4章 市場力学

  • 市場概況
  • 市場の成長要因
  • 市場の阻害要因
  • ファイブフォース分析
    • 買い手の交渉力
    • 供給企業の交渉力
    • 新規参入業者の脅威
    • 代替品の脅威
    • 競争企業間の敵対関係

第5章 市場セグメンテーション

  • エンジン型式別
    • ターボファンエンジン
    • ターボプロップエンジン
    • ターボシャフトエンジン
    • ピストンエンジン
  • 用途別
    • 民間航空
    • 軍事航空
    • 一般航空
  • 地域別
    • 北米
    • 欧州
    • アジア太平洋地域
    • 南米
    • 中東・アフリカ

第6章 競合情勢

  • M&A、合弁事業、コラボレーション、契約
  • ベンダーの市場シェア
  • 主要企業の戦略
  • 企業プロファイル
    • GE
    • Safran SA
    • Rolls-Royce Holdings PLC
    • Pratt & Whitney (UTC)
    • International Aero Engines AG
    • Engine Alliance LLC
    • Honeywell International Inc.
    • IAE International Aero Engines AG
    • United Engine Corporation
    • MTU Aero Engines AG
    • CFM International

第7章 市場機会および将来動向

目次
Product Code: 62137

The aircraft engines market was valued at USD 42.43 billion in 2020 and is projected to reach about USD 75 billion by 2026, registering a CAGR of over 7.6% during the forecast period (2021-2026).

The market of aircraft engines is highly affected by the COVID-19 pandemic due to a downturn in the aviation industry and issues in the supply chains (halt of manufacturing of components and materials), leading to an overall decrease in the total aircraft engine deliveries in 2020. This has resulted in engine OEMs witness huge losses and implement new cost-cutting strategies.

The planned fleet modernization and expansion plans of airlines, aircraft operators, armed forces, and charter operators are expected to generate new engines demand during the forecast period.

The growth of the market is also driven by demand for new generation engines with low emissions and lower weight, which will enhance the fuel efficiency of aircraft. Due to this trend, the companies are investing into research and development of new engine models with latest technologies like additive manufacturing and use of composite technologies.

However, the growing concerns over failure of aircraft engines during operation and delay in deliveries are some of the factors hampering the growth of the market.

Key Market Trends

Commercial Aircraft Segment will Record Higher Growth During the Latter Half of the Forecast Period

The commercial aircraft segment currently dominates the market in terms of revenue share. By the end of 2020, Airbus reported a backlog of 7,184 jets. On the other hand, by the end of 2020, Boeing's backlog was 4,223 aircraft. These numbers represent the fact that despite the reduction in demand from the airlines, commercial aircraft deliveries will continue at a healthy rate during the forecast period. Technological advancements in newer generation passenger aircraft are making them possible to fly longer distances. Players are emphasizing increasing the fuel efficiency of the passenger aircraft while increasing their range, as the airlines are looking to procure such aircraft for their fleet. Several airlines have already placed aircraft orders in the last few years to expand their fleet sizes, to cater their services to more passengers, with a positive outlook for the regional and global air passenger traffic numbers in the past. As a result, the existing order backlog with the OEMs is still high. The demand for narrow-body aircraft is expected to recover faster than wide-body aircraft as domestic demand is expected to return to pre-COVID-19 levels earlier than the international passenger demand. Also, the return of the 737 MAX into service in late 2020 will also help the growth of the narrow-body segment. Such robust plans of the airlines and aircraft operators are expected to propel the growth of the market.

However, the outbreak of COVID-19 pandemic has put brakes on the growth of the commercial aviation market globally. The passenger traffic is estimated to take 3-4 years to recover fully and hence the orders for new commercial aircraft in the next three years are projected to be lesser than the pre-COVID-19 levels. Also, in 2020, major aircraft OEMs have trimmed their production rates as the pandemic decreased demand for new aircraft. Since, engine market growth is dependent on new aircraft orders, demand for new engines from this segment will be less between 2020-2022.

Asia-Pacific Region is Expected to Witness Highest Growth During the Forecast Period

The Asia-Pacific region is expected to witness the highest growth during the forecast period due to the strong demand for domestic air travel in developing economies. The COVID-19 pandemic greatly affected airlines' revenues in the region due to a sharp decline in passenger traffic. According to IATA, the international passenger traffic reduced by approximately 80% in 2020 compared to the previous year. However, the domestic passenger traffic in countries like China, India, and Japan has been gradually recovering from the second half of 2020. Due to this, the major domestic airlines in the region are expected to receive new aircraft scheduled (from the existing order book) to be delivered during the forecast period. Indigo, the largest domestic airline in India, has a huge aircraft order backlog of more than 600 aircraft, including ATR 72 and A320 family of aircraft. The airline received 44 Airbus A320neo family aircraft, similar to aircraft deliveries in 2019. Such robust aircraft orders as a part of fleet modernization plans of the airlines in the region are expected to accelerate the demand for the aircraft engines market in the coming years. Furthermore, due to geopolitical tensions in the region, the countries are increasing their investments to strengthen their aerial capabilities with the procurement of advanced aircraft and replace their aging aircraft. The Indian Air Force is planning to acquire 450 fighter aircraft for deployment on the northern and western frontiers of the country by 2035 as a part of its plan to bridge the gap between existing number of squadrons and required number of squadrons. Such fleet modernization plans will generate demand for advanced light weight fuel efficient engines in the coming years.

Competitive Landscape

The market of aircraft engines is highly consolidated with few players dominating the market in commercial and military aircraft segments. Some of the prominent players in the aircraft engines market are General Electric Company (through GE Aviation), Raytheon Technologies Corporation (through Pratt & Whitney), Rolls-Royce Holding PLC, Safran SA, and MTU Aero Engines AG. The aforementioned players along with their joint ventures such as CFM International (GE Aviation and Safran), International Aero Engines (Pratt & Whitney, Japanese Aero Engine Corporation, and MTU Aero Engines), and Engine Alliance (General Electric and Pratt & Whitney) provide engines for major commercial and military aircraft programs. Rolls-Royce, Raytheon Technologies Corporation, Honeywell International Inc., and Textron Inc. (through Lycoming Engines) are major players in the general aviation sector. However, the players have suffered losses in 2020 due to the slow down of aircraft deliveries and lack of new aircraft orders. The companies are implementing new strategies to mitigate these losses. In addition to this, the companies are investing in the development of advanced eco-friendly engines with reduced fuel consumption, higher fuel efficiency, and lightweight.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Buyers/Consumers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION (Market Size by Value - USD billion)

  • 5.1 Engine Type
    • 5.1.1 Turbofan
    • 5.1.2 Turboprop
    • 5.1.3 Turboshaft
    • 5.1.4 Piston
  • 5.2 Aircraft Type
    • 5.2.1 Commercial Aviation
      • 5.2.1.1 Narrow-body Aircraft
      • 5.2.1.2 Wide-body Aircraft
      • 5.2.1.3 Regional Aircraft
    • 5.2.2 Military Aviation
      • 5.2.2.1 Combat Aircraft
      • 5.2.2.2 Non-combat Aircraft
    • 5.2.3 General Aviation
      • 5.2.3.1 Business Jet
      • 5.2.3.2 Helicopter
      • 5.2.3.3 Turboprop Aircraft
      • 5.2.3.4 Piston Engine Aircraft
  • 5.3 Geography
    • 5.3.1 North America
      • 5.3.1.1 United States
      • 5.3.1.2 Canada
    • 5.3.2 Europe
      • 5.3.2.1 United Kingdom
      • 5.3.2.2 Germany
      • 5.3.2.3 France
      • 5.3.2.4 Rest of Europe
    • 5.3.3 Asia-Pacific
      • 5.3.3.1 China
      • 5.3.3.2 Japan
      • 5.3.3.3 India
      • 5.3.3.4 South Korea
      • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Latin America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Rest of Latin America
    • 5.3.5 Middle-East and Africa
      • 5.3.5.1 United Arab Emirates
      • 5.3.5.2 Saudi Arabia
      • 5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 General Electric Company
    • 6.2.2 Safran SA
    • 6.2.3 Rolls-Royce Holding PLC
    • 6.2.4 Raytheon Technologies Corporation
    • 6.2.5 Honeywell International Inc.
    • 6.2.6 Rostec
    • 6.2.7 MTU Aero Engines AG
    • 6.2.8 IHI Corp.
    • 6.2.9 Textron Inc.
    • 6.2.10 Williams International Co., L.L.C.
    • 6.2.11 Mitsubishi Heavy Industries Aero Engines, Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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