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Global Aircraft Micro Turbine Engines Market by Platform (VTOL, Air Taxi, Cargo Aerial Vehicle, Business Jet, Ultra-Light Aircraft, Military Trainer Aircraft, and Military UAV), By Horsepower (5–50 HP, 50–100 HP, and 100–200 HP), By Engine Type (Turbojet Micro Turbine Engines and Turboshaft Micro Turbine Engines), By Fuel Type (Kerosene, Diesel, Jet-A, Biofuel, and Synthetic Fuel), By Application (Civil Aviation, Urban Air Mobility (Uam), Unmanned Aircraft And Military Aviation), By End-Use (OEM and Aftermarket) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)
Global Aircraft Micro Turbine Engines Market Overview:
The micro gas turbine can be called AC Turbine Micro Turbine. Microturbines are energy generators whose capacity ranges from 15 to 300 kW. Their basic principle comes from open-cycle gas turbines. However, they present several typical features, such as variable speed, high-speed operation, compact size, simple operability, easy installation, low maintenance, air bearings, and low NOX emissions. Aircraft microturbine engines are less complex and easier to maintain than a reciprocating engine, and it is capable of operating for up to 2,000 hours longer than comparable powerplants. The micro gas turbine engine accepts a variety of fuels, such as gasoline, natural gas, propane, diesel, kerosene, and can also use renewable fuels, such as E85 alcohol gasoline, biodiesel, and biogas.
Global Aircraft Micro Turbine Engines Market Insights
Global aircraft micro turbine engine market size is projected to value at USD 27.8 million in 2020 and expected to reach USD 53.63 million by 2027, growing at a CAGR of 9.84 % during 2020–2027. The primary factors are major OEMs, and aircraft manufacturers are focusing on developments of engines that reducing carbon emissions and increasing efficiency. Additionally, the growing demand for advanced electric power generation systems for aircraft to curb emission levels and reduce operating costs are estimated to drive the growth of the global aircraft microturbine engines in the future periods. Moreover, the surge in demand for aircraft engines, which helps in reducing fuel burn, will spur the growth of the aircraft microturbine engine industry.
Aircraft microturbine engines can adapt to several different clean energy fuel sources such as natural gas and hydrogen. Additionally, the demand for sustainable and clean energy sources are becoming more important for applications in various environments. Further, the emergence of hybrid electric power generation technology and the development of a distributed power generation system will trigger the robust growth of the global aircraft microturbine engine. The micro-turbine engine is rapidly developing a new propulsion power device, which can be used for various drones and micro and small missiles. The auxiliary power device is an important part of the large aircraft power system and has a significant market value. Also, the ongoing research activities around the world about the development of aircraft microturbine engines like hybrid and fully electric aircraft will foster the growth of the global aircraft microturbine engine industry.
Platform Segmental Analysis
Based on the platform, the global aircraft microturbine engines market classified into VTOL, Air Taxi, Business Jet, Cargo Aerial Vehicle, Ultra-Light Aircraft, Military Trainer Aircraft, and Military UAV. The VTOL segment anticipated gaining maximum revenue in the aircraft microturbine engines market by 2027. It is attributable to the demand for quick mobility in urban regions across the world and focusing on developing sustainable solutions to increase the reach of such aircraft platforms and control emissions from aerial vehicles.
Military UAV will be the fastest-growing segment in the forecast period. It is owing to various governments focusing on the development of cost-effective and emission-free UAVs in the military.
Horsepower Segmental Analysis
Based on horsepower, the global aircraft microturbine engines market segregated into 5–50 HP, 50–100 HP, and 100–200 HP. The 50–100 HP projected to dominate the aircraft microturbine engines market by 2027. It is primarily attributed to it is widely used in the air taxi, military trainer aircraft, and military UAV.
The 5–50 HP will grow with a lucrative growth rate in the forecast period. It is due to it is used in small aerial vehicles for enhancing power generation capacity.
Engine Type Segmental Analysis
Based on engine type, the global aircraft microturbine engines market bifurcates into Turbojet Micro Turbine Engines and Turboshaft Micro Turbine Engines. Turbojet Micro Turbine Engines segment will hold higher market potential by 2027. It is owing to it is used for high-speed UAV applications and propulsion of turboprop drones.
Turboshaft Micro Turbine Engines will grow at a significant rate during the forecast period. It is due to the growing demand for turboshaft in an aerial cargo vehicle, business jet, ultra-light aircraft.
Fuel Type Segmental Analysis
Based on fuel type, the global aircraft microturbine engines market segregated into kerosene, diesel, jet-a, biofuel, and synthetic fuel. The biofuel segment will generate maximum revenue by 2027. It is owing to the huge demand for minimizing natural resources along with biofuel provide low emission of carbon monoxide and carbon dioxide.
Application Segmental Analysis
Based on the application, the global aircraft microturbine engines market categorized into Civil Aviation, Urban Air Mobility (Uam), Unmanned Aircraft, and Military Aviation. Urban Air Mobility segment will capture a higher market share by 2027 owing to the surge in demand for hybrid-electric propulsion that can support in the take-off of UAM from and land on any suitable surface are in the development stage.
End-User Segmental Analysis
Based on end-user, the global aircraft microturbine engines market segregated into OEM and Aftermarket. The OEM segment will generate maximum revenue by 2027. It is on account of the large aircraft manufacturers working on the development of emission-free engine and cost-effective.
Region Segmental Analysis
Based on geography, the global Aircraft Micro Turbine Engines market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounts for a significant share by 2027 in the aircraft microturbine engines market. The growth in the region can be attributed to the presence of major players and huge investments for the development of electric or hybrid-electric aircraft in these regions.
The Asia Pacific is projected to provide significant growth opportunities due to the growing passenger traffic in these regions, along with the increased demand for hybrid electrification in aircraft engines.
Competitor Analysis
Companies such as Honeywell International Inc., UAV Turbines, Inc., Turbotech SAS, PBS Group, GE Aviation, AMT Netherlands B.V., Williams International, Micro Turbine Technology B.V., BF-Turbines, Kratos Defense & Security Solutions, Inc., Elliott Group, Sentient Blue Technologies, Rolls-Royce Holdings plc, JetCat Americas, JetsMunt SL, Stuttgart Engineering Propulsion Technologies UG, Lambert Microturbine, Hawk Turbine AB, Bowman, and Brayton Energy are the key players in the global aircraft microturbine engines market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Aircraft Micro Turbine Engines manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to Aircraft Micro Turbine Engines
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Platform
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
By Horsepower
- 5–50 HP
- 50–100 HP
- 100–200 HP
By Engine Type
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines
By Fuel Type
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel
By Application
- Civil Aviation
- Urban Air Mobility (Uam)
- Unmanned Aircraft
- Military Aviation
By End-Use
- OEM
- Aftermarket
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Aircraft Micro Turbine Engines Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Aircraft Micro Turbine Engines Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Platform
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
- By Horsepower
- 5–50 HP
- 50–100 HP
- 100–200 HP
- By Engine Type
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines
- By Fuel Type
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel
- By Application
- Civil Aviation
- Urban Air Mobility (Uam)
- Unmanned Aircraft
- Military Aviation
- By End-Use
- OEM
- Aftermarket
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Platform
- Demand
- Market Size & Forecast, 2016-2027
- North America Aircraft Micro Turbine Engines Market Overview
- North America Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027
- By Platform
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
- By Horsepower
- 5–50 HP
- 50–100 HP
- 100–200 HP
- By Engine Type
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines
- By Fuel Type
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel
- By Application
- Civil Aviation
- Urban Air Mobility (Uam)
- Unmanned Aircraft
- Military Aviation
- By End-Use
- OEM
- Aftermarket
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Aircraft Micro Turbine Engines Market
- By Platform
- Demand
- North America Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Europe Aircraft Micro Turbine Engines Market Overview
- Europe Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027
- By Platform
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
- By Horsepower
- 5–50 HP
- 50–100 HP
- 100–200 HP
- By Engine Type
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines
- By Fuel Type
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel
- By Application
- Civil Aviation
- Urban Air Mobility (Uam)
- Unmanned Aircraft
- Military Aviation
- By End-Use
- OEM
- Aftermarket
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Aircraft Micro Turbine Engines Market
- By Platform
- Demand
- Europe Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Asia Pacific Aircraft Micro Turbine Engines Market Overview
- Asia Pacific Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027
- By Platform
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
- By Horsepower
- 5–50 HP
- 50–100 HP
- 100–200 HP
- By Engine Type
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines
- By Fuel Type
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel
- By Application
- Civil Aviation
- Urban Air Mobility (Uam)
- Unmanned Aircraft
- Military Aviation
- By End-Use
- OEM
- Aftermarket
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Aircraft Micro Turbine Engines Market
- By Platform
- Demand
- Asia Pacific Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- South America Aircraft Micro Turbine Engines Market Overview
- South America Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027
- By Platform
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
- By Horsepower
- 5–50 HP
- 50–100 HP
- 100–200 HP
- By Engine Type
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines
- By Fuel Type
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel
- By Application
- Civil Aviation
- Urban Air Mobility (Uam)
- Unmanned Aircraft
- Military Aviation
- By End-Use
- OEM
- Aftermarket
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Aircraft Micro Turbine Engines Market
- By Platform
- Demand
- South America Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Middle East & Africa Aircraft Micro Turbine Engines Market Overview
- Middle East & Africa Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Aircraft Micro Turbine Engines Market Share & Forecast, 2016-2027
- By Platform
- VTOL
- Air Taxi
- Cargo Aerial Vehicle
- Business Jet
- Ultra-Light Aircraft
- Military Trainer Aircraft
- Military UAV
- By Horsepower
- 5–50 HP
- 50–100 HP
- 100–200 HP
- By Engine Type
- Turbojet Micro Turbine Engines
- Turboshaft Micro Turbine Engines
- By Fuel Type
- Kerosene
- Diesel
- Jet-A
- Biofuel
- Synthetic Fuel
- By Application
- Civil Aviation
- Urban Air Mobility (Uam)
- Unmanned Aircraft
- Military Aviation
- By End-Use
- OEM
- Aftermarket
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Aircraft Micro Turbine Engines Market
- By Platform
- Demand
- Middle East & Africa Aircraft Micro Turbine Engines Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Honeywell International Inc.
- UAV Turbines, Inc.
- Turbotech SAS
- PBS Group
- GE Aviation
- AMT Netherlands B.V.
- Williams International
- Micro Turbine Technology B.V
- BF-Turbines
- Kratos Defense & Security Solutions, Inc.
- Elliott Group
- Sentient Blue Technologies
- Rolls-Royce Holdings plc
- JetCat Americas
- JetsMunt SL
- Stuttgart Engineering Propulsion Technologies UG
- Lambert Microturbine
- Hawk Turbine AB
- Bowman
- Brayton Energy
- Other Prominent Players
