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Global Commercial Aircraft Gas Turbine Engine Market 2018-2022| Adoption of 3D Printing Systems for Engine Components to Boost Growth| Technavio

September 18, 2018

LONDON--(BUSINESS WIRE)--Sep 18, 2018--The global commercial aircraft gas turbine engine market is expected to post a CAGR of nearly 6% 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 commercial aircraft gas turbine engine market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the advancements in engine technologies. Since the advent of commercial aviation, airlines have been engrossed in employing operational engines with increased fuel efficiency and reduced overall operational costs. Thus, the selection of advanced materials with increased durability is preferred to ensure performance without compromising on the service life aspect of aircraft engines. The current generation of engines are digitally controlled, and the power output is controlled using sensors at different levels of flight. Sensors are located at various key locations, and multi-dimensional factors such as temperature, pressure, vibration, and oil debris are captured in real time.

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.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the adoption of 3D printing systems for engine components as one of the key emerging trends in the global commercial aircraft gas turbine engine market:

Global commercial aircraft gas turbine engine market: Adoption of 3D printing systems for engine components

The process of 3D printing involves the synthesis of successive layers of materials to manufacture small-and micro-sized components as per the specifications provided in their associated computer-aided design (CAD) file through an electron beam or laser. This advanced printing method ensures a reduction in manufacturing time and associative material wastage while permitting quick design alterations of the internal features of the product components.

“In the aviation sector, manufacturers are highly dependent on 3D printing to alleviate supply chain constraints, limit warehouse space, and reduce wasted materials from traditional manufacturing processes. Rapid production of aircraft parts as per market demand will help in saving enormous amounts of space and money. Most aero-engine manufacturers have started using the 3D printing technology to fabricate critical and complex components such as fuel nozzles,” says a senior analyst at Technavio for research on aerospace components.

Global commercial aircraft gas turbine engine market: Segmentation analysis

This market research report segments the global commercial aircraft gas turbine engine market by technology (turbofan and turboprop) and geographical regions (APAC, EMEA, and the Americas).

The turbofan segment held the largest market share in 2017, accounting for nearly 92% of the market. This technology segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 42%. This region is expected to dominate the market through 2022, with an increase in its market share by nearly 5%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180918005727/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AEROSPACE ENGINEERING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/18/2018 10:57 AM/DISC: 09/18/2018 10:57 AM

http://www.businesswire.com/news/home/20180918005727/en

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