Thumbnail

Fixed Wing Turbine Aircraft Market ‚ Segmented by Type and Geography - Opportunities, trends and Challenges (2020 - 2025)

Looking to buy the report?

Due to increase in orders from developing and developed nations to increase their aircraft fleet and re-equipment cycles of aging military aircrafts like fighter and bomber aircrafts drives the aviation gas turbine market and is expected to grow at CAGR of 6% during the forecast period.

The numbers of millionaires in the world are rising at a tremendous pace. The number of millionaires in the world increased by more than 13% in 2015, as compared to 2014, taking the total number past 17 million mark. In China alone, the number rose by 25% in 2015, only second to the United States. It is projected that the millionaire population would contribute half of the world’s income by 2019. This statistic presents a tremendous opportunity for the players of General Aviation Market, with Asia Pacific Region witnessing huge growth over the forecast period on account of rising number of millionaires and high growth economies of India and China.

The Business Jet Market Currently is a $21 Billion Market and in the General Aviation Market Business Jets contribute the most revenue and it is this sector which is poised to show one of the fastest growth rates in the future also.. The three broad categories of business jets are Large Cabin, Medium and Small Cabin Jets.

Owing to increased defense expenditures in the Asia Pacific and Middle East region, the market for military turbine aircraft, is expected to rise substantially. India and China especially are ramping up purchases of such aircraft to modernize their fleet, and these markets include those of Middle East offer great opportunities for the military as well as business jet market segment. Both of the segments usually use same platforms; hence an increase in sale of either platform benefits the manufacturer.

 

 

Source: Mordor Intelligence Analysis

Key Developments:

Dec 2016: Mitsubishi Hitachi Power Systems, Inc. launched enhanced air-cooled J Series gas turbine M501JAC. This is expected to bring revolutionary change in power generation by providing unparalleled record production during commercial operation with enhanced efficiency and reliability.

Key Players: ATR, Boeing, Bombardier, Embraer, Pilatus, Textron Aviation, Gulfstream among others.

Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your need.

Looking to buy the report?

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

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message