Global Aircraft Micro Turbine Market Size

Statistics for the 2023 & 2024 Global Aircraft Micro Turbine market size, created by Mordor Intelligence™ Industry Reports. Global Aircraft Micro Turbine size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Global Aircraft Micro Turbine Industry

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Aircraft Micro Turbine Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 18.00 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration High

Major Players

Aircraft Micro Turbine Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Aircraft Micro Turbine Market Analysis

The aircraft microturbine market is expected to grow with a CAGR of more than 18% during the forecast period.

The global aviation sector has witnessed significant challenges due to the COVID-19 pandemic. Factors such as the implementation of strict lockdown measures, supply chain disruptions, and raw material shortages hinder market growth during the pandemic. The sector has strongly recovered post covid with increasing investments and rising demand for drones for various applications.

An aircraft micro turbine is a small-sized combustion turbine that uses micro combustion to offer cogeneration to utilize heat and electricity at the same time. These are compact in size and utilize a variety of fuels with enhanced efficiency. The microturbine consists of one set of turbine blades and a set of compressor blades. Growing applications of micro turbines for unmanned aerial vehicles and small aircraft are the major factor driving the growth of the market.

The technology provides numerous advantages compared to other technologies for small-scale power generation with a lesser number of moving parts, lightweight, higher efficiencies, capability to utilize waste fuels, and lower emissions. The size of a refrigerator in microturbines has outputs of 25 kW to 500 kW. Most microturbines are comprised of a combustor, compressor, turbine, alternator, recuperator, and generator. Thus, the rising use of unmanned aerial vehicles and small aircraft boosts the growth of the market.

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