Europe Aircraft Engines Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe Aircraft Engines Market is segmented by Powerplant Type (Piston, Turbine), End-user (Civil and Commercial Aviation, Military Aviation), and Geography.

Market Snapshot

Europe Aircraft Engines Market_overview
Study Period: 2018 - 2026
Base Year: 2020
CAGR: >4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Europe Aircraft Engines Market is projected to grow at a CAGR of over 4% during the forecast period.

  • The demand for aircraft engines is driven primarily by either an increase in the order book of aircraft (business jet, commercial or military aircraft) or as a replacement for the engines for the existing aircraft fleet.
  • Aircraft OEMs and engine manufacturers are engaging in extensive integration efforts to enhance performance and extend the range of aircraft. The investments towards the R&D of such technologies is anticipated to bolster the market prospects during the forecast period.
  • The manufacturing cycle of the aircraft engine OEMs is expected to undergo rapid transformation due to the increasing use of 3D printing and ceramic matrix composites to construct critical components of an aircraft engine. Furthermore, emerging technologies such as a hybrid-electric jet engine are anticipated to enhance the current business opportunities for the market players.

Scope of the Report

The scope of the study encompasses the piston and turbine aircraft engines designed and integrated into both civil and commercial, and military aircraft in Europe. Though the market projections are exclusive of the sales of aftermarket parts and components, replacement sales of aircraft engines have been considered within the purview of the report.

Powerplant Type
Piston
Turbine
End-user
Civil and Commercial Aviation
Military Aviation
Geography
United Kingdom
France
Germany
Spain
Poland
Russia
Rest of Europe

Report scope can be customized per your requirements. Click here.

Key Market Trends

Persistent R&D Efforts of Engine Manufacturers to Drive Adoption of Newer Generation Engines

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 service life aspect of aircraft engines. The present 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 data such as temperature, pressure, vibration, and oil debris are collected in real-time. Aircraft OEMs and engine manufacturers are engaging in extensive integration efforts to enhance performance and extend the range of aircraft. For instance, Pratt & Whitney, a leading aircraft engine manufacturer, has been offering a high-bypass GTF called PW1000G (under the brand name PurePower) as a powerplant option to aircraft such as Embraer's second-generation E-Jets and MRJs. This family of engine incorporates an improved gearbox that empowers the fans to rotate at a slower speed than the blades of the driving internal turbine, leading to increased efficiency. The manufacturer claims that PW1000G can ensure a 12%-15% reduction in fuel consumption, around 15% reduction in CO2 emissions, and a decrease of 50% in nitrogen oxide (NOx) emissions, besides operating with a much lower level of noise. Also, due to the high number of forecasted deliveries, the civil and commercial aviation segment would overshadow the military aviation segment of the market in focus during the forecast period.

Europe Aircraft Engines Market_keytrend1

Western European Countries to Dominate the Market During the Forecast Period

The European Union (EU) is predominantly involved in R&D activities in the aerospace domain and houses several aircraft engine OEMs. The efforts to partner with suppliers have led to the formation of global networks, which have boosted the overall capabilities of the industry further. France is one of the leading testbeds for new engine technologies. Hence, in February 2019, Safran inaugurated a new research center near Paris to develop next-generation very-high-performance turbine blades. The advanced turbine blades research facility is part of the corporate Research & Technology center, Safran Tech. Similarly, in July 2018, Safran inaugurated a new LEAP engine parts plant in Poland to fabricate low-pressure turbine blades for the LEAP turbofan engine. With market players expanding their research and production base in Western Europe, a positive outlook is anticipated for the market in focus in the region.

Europe Aircraft Engines Market_keytrend2

Competitive Landscape

The aircraft engine market in Europe is consolidated in nature, with a handful of engine OEMs such as Safran SA, United Engine Corporation (Rostec State Corporation), Rolls-Royce plc, Pratt & Whitney (Raytheon Technologies Corporation), General Electric Company, and CFM International dominating the market. Vendors must provide advanced and high-quality gas turbine engines to survive and succeed in the intensely competitive market environment. In-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base are the key areas to have the edge over competitors.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Powerplant Type

      1. 5.1.1 Piston

      2. 5.1.2 Turbine

    2. 5.2 End-user

      1. 5.2.1 Civil and Commercial Aviation

      2. 5.2.2 Military Aviation

    3. 5.3 Geography

      1. 5.3.1 United Kingdom

      2. 5.3.2 France

      3. 5.3.3 Germany

      4. 5.3.4 Spain

      5. 5.3.5 Poland

      6. 5.3.6 Russia

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Safran SA

      2. 6.1.2 United Engine Corporation (Rostec State Corporation)

      3. 6.1.3 Rolls-Royce plc

      4. 6.1.4 Pratt & Whitney (Raytheon Technologies Corporation)

      5. 6.1.5 General Electric Company

      6. 6.1.6 CFM International

      7. 6.1.7 MTU Aero Engines AG

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Europe Aircraft Engines Market market is studied from 2018 - 2026.

The Europe Aircraft Engines Market is growing at a CAGR of >4% over the next 5 years.

Safran SA, Rolls-Royce plc, United Engine Corporation (Rostec State Corporation), Pratt & Whitney (Raytheon Technologies Corporation), General Electric Company are the major companies operating in Europe Aircraft Engines Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!