Global Aircraft Micro Turbine Market Share

Market Share of Global Aircraft Micro Turbine Industry

The aircraft microturbine market is consolidated in nature with the presence of a few players holding the largest shares in the market. Some of the prominent players in the market are Raytheon Technologies Corporation, Honeywell International Inc., Safran SA, Kratos Defense & Security Solutions Inc., UAV Turbine Inc., and others. The increasing focus of these OEMs on the design and development of high-performance components of microturbine engines will drive market growth during the forecast period. For instance, in February 2020, UAV Turbines, a manufacturer of microturbine engines for small-to-medium unmanned aerial vehicles (UAVs) launched the Micro-Turbogenerator System (MTS) 1.0., a new military-grade microturbine generator for UAV applications. It can supply electrical power from 3kW to 40kW. The compact size, fuel flexibility, and portability made the new system suitable for rescue teams and military forces operating in unpredictable environments.

Aircraft Micro Turbine Market Leaders

1. Raytheon Technologies Corporation

2. Safran SA

3. Honeywell International Inc.

4. Kratos Defense & Security Solutions Inc.

5. UAV Turbine Inc.

*Disclaimer: Major Players sorted in no particular order