Market Share of General Aviation Engines Industry
The general aviation engines market is moderately consolidated, with major players such as Rolls-Royce plc, Safran SA, The General Electric Company, and Pratt and Whitney (Raytheon Technologies Corporation) accounting for a major share of the market. The market players generate revenues mainly through long-term contracts for supplying engines to specific aircraft models from aircraft manufacturers.
The launch of new general aviation aircraft models will provide opportunities for engine manufacturers to enhance their market share globally. In recent times, when aviation emission norms have become stringent, aircraft manufacturing companies are looking for low-emission and highly fuel-efficient engines, and this has led to heavy investment in research, design, and development by aviation engine manufacturers to meet the needs of customers.
General Aviation Engines Market Leaders
Safran SA
General Electric Company
Honeywell International Inc.
Pratt & Whitney (Raytheon Technologies Corporation)
Rolls-Royce plc
*Disclaimer: Major Players sorted in no particular order
