DUBLIN--(BUSINESS WIRE)--Jul 31, 2018--The "The Global Military Aircraft Engines Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.

Issues such as terrorism and ongoing conflicts in various parts of the world are expected to drive the military aircraft engine industry as many countries would be looking to modernize their airborne combat and defense in light of the new security threats. In addition, a changing geopolitical landscape where emerging powers such as China and India are trying to modernize their armed forces to close the technological gap with established powers such as US, the UK, Russia, etc. is also expected to effect the growth of the military aircraft engine market.

Global Military Aircraft Engines industry is anticipated to value US$10.8 billion by the end of 2018. The cumulative expenditure on military aircraft engines over the forecast period is estimated to value around US$145.4 billion. The expenditure on military aircraft engine is expected to be driven by the need to replace ageing aircraft and rotorcraft fleets, growing geopolitical rivalry, and engine refit and replacement programs.

Apart from emerging economies in the Middle East and South Asian regions which are witnessing increasing defense expenditures due to regional power struggles and territorial disputes, countries in North America and Western Europe are also expected to increase their defense outlays after years of budget cuts and sequestration measures presenting global military aircraft engine manufacturers with greater opportunities in the coming decade

Major countries across the globe are expected to invest significantly on replacing their aging aircraft fleets. For instance after the wars in Iraq and Afghanistan, the US and other allied countries in Europe, Asia-Pacific, Latin America, and the Middle East were left with worn-out and damaged aircraft and other military equipment.

Companies Mentioned

CFM International Rostec Rolls-Royce Honeywell General Electric United Technologies Corporation Safran S.A. Hindustan Aeronautics Limited Aero Engine Corporation of China

Key Topics Covered:

1. Executive Summary

2. Global Military Aircraft Engines Market - Overview

3. Market Dynamics

4. Key Challenges: Obstacles affecting sector growth

5. Global Military Aircraft Engines Market - Segment Analysis

6. Global Military Aircraft Engines Market - Regional Analysis

7. Global Military Aircraft Engines Market - Trend Analysis

8. Military Aircraft Engines Market - Future Outlook (The Road Ahead)

9. Competitive Landscape Analysis

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/w8wtx5/global_military?w=4

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Related Topics:Military Aircraft

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/31/2018 07:53 AM/DISC: 07/31/2018 07:53 AM

http://www.businesswire.com/news/home/20180731005497/en