Global Rotorcraft Engine Market 2018-2022 | Adoption of 3D Printing to Propel Growth | Technavio
LONDON--(BUSINESS WIRE)--Sep 24, 2018--The global rotorcraft engine market is expected to post a CAGR of nearly 3% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global rotorcraft engine market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the development and induction of new-generation attack helicopters. The military has a plethora of uses for rotorcraft, and most military helicopters are specifically modified and converted into combat search and rescue, medical evacuation, or even airborne command posts. Modern attack rotorcraft can carry heavy artillery, such as autocannons, machine guns, rockets, and anti-tank guided missiles. They are deployed to either provide accurate close air support for ground troops or to destroy enemy armor concentrations. Attack helicopters add tremendous damage capabilities to military operators and hence are inducted by militaries across the world to safeguard their airspace dominion.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the adoption of 3D printing as one of the key emerging trends in the global rotorcraft engine market:
Global rotorcraft engine market: Adoption of 3D printing
Since the adoption of 3D printing, the helicopter manufacturing industry has witnessed evolution in the form of accelerated production rate and minimal waste generation. It also enables tool-less manufacturing that results in a significant reduction of production expenses. For manufacturing helicopter parts through conventional manufacturing method, a mold, machine tools, and piecewise part assembly are required.
“Integration of 3D printing accelerates the process, as multiple components can be integrated as a single unit instead of sections. Instead of adjusting the entire manufacturing process for modifying a single part, 3D printing also permits modification through a simple revision of the CAD file. Several helicopter manufacturing companies have incorporated 3D printing into their production process resulting in tremendous improvements in design efficiency and significant cost savings. The rotorcraft engine manufacturing industry depends on such technological advances for rapid, precision-oriented production of components resulting in significant savings of resources,” says a senior analyst at Technavio for research on aerospace products.
Global rotorcraft engine market: Segmentation analysis
This market research report segments the global rotorcraft engine market by application (military helicopters and commercial helicopters) and geographical regions (APAC, EMEA, and the Americas).
The military helicopters segment held the largest market share in 2017, accounting for nearly 67% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of nearly 42%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share.
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Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 09/24/2018 09:28 AM/DISC: 09/24/2018 09:28 AM