Global Narrow-body Aircraft Engine Market 2017-2021

  • ID: 4400168
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • CFM International
  • GE Aviation
  • MTU AERO ENGINES
  • Pratt & Whitney
  • Rolls-Royce
  • MORE
About Narrow-body Aircraft Engine

Narrow-body aircraft are mainly classified into single-aisle and regional aircraft. Single-aisle aircraft, powered by turbofan engines, have passengers seated in two-axial groups, with a capacity of up to six passengers abreast. Likewise, regional aircraft, powered by both turboprop and turbofan engine configurations, are operated in short-haul and medium-haul routes, where each aircraft carries comparatively fewer passengers than conventional single-aisle aircraft.

The analysts forecast the global narrow-body aircraft engine market to grow at a CAGR of 6.1% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global narrow-body aircraft engine market for 2017-2021. To calculate the market size, the report considers the new engine demand and the replacement engine demand.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Narrow-body Aircraft Engine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
  • CFM International
  • GE Aviation
  • International Aero Engines
  • Pratt & Whitney
  • Rolls-Royce
Other prominent vendors
MTU AERO ENGINES

Market drivers
  • Decline in fuel prices decrease operating cost of aircraft
  • For a full, detailed list, view the full report
Market challenges
  • High cost associated with replacement of engines
  • For a full, detailed list, view the full report
Market trends
  • Design innovations for engine parts
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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FEATURED COMPANIES

  • CFM International
  • GE Aviation
  • MTU AERO ENGINES
  • Pratt & Whitney
  • Rolls-Royce
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market by engine type
  • Global narrow-body aircraft engine market segmentation by engine type
  • Global turbofan engine market
  • Global turboprop engine market
PART 07: Geographical segmentation
  • Geographical segmentation of global narrow-body aircraft engine market
  • Narrow-body aircraft engine market in APAC
  • Narrow-body aircraft engine market in EMEA
  • Narrow-body aircraft engine market in Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Emergence of ultra-efficient jet engines with low environmental impact
  • Design innovations for engine parts
  • Implementation of lightweight materials
PART 11: Vendor landscape
  • Competitive scenario
  • CFM International
  • GE Aviation
  • International Aero Engines
  • Pratt & Whitney
  • Rolls-Royce
  • Other prominent vendors
PART 12: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Key components of turbofan engine
Exhibit 02: Key components of turboprop engine
Exhibit 03: Engine options for key narrow-body aircraft (Airbus)
Exhibit 04: Engine options for key narrow-body aircraft (Boeing)
Exhibit 05: Engine options for key Bombardier aircraft
Exhibit 06: Engine options for Commercial Aircraft Corporation of China (COMAC) aircraft
Exhibit 07: Engine options for key Embraer aircraft
Exhibit 08: Engine options for Mitsubishi aircraft
Exhibit 09: Global narrow-body aircraft engine market overview 2016
Exhibit 10: Global narrow-body aircraft engine market 2016-2021 ($ billions)
Exhibit 11: Five forces analysis
Exhibit 12: Global narrow-body aircraft engine market segmentation by engine type 2016 and 2021 (%)
Exhibit 13: Global narrow-body aircraft engine market segmentation by engine type 2016-2021 ($ billions)
Exhibit 14: Global turbofan engine market 2016-2021 ($ billions)
Exhibit 15: Global turboprop engine market 2016-2021 ($ billions)
Exhibit 16: Geographical segmentation of global narrow-body aircraft engine market 2016 and 2021 (%)
Exhibit 17: Geographical segmentation of global narrow-body aircraft engine market 2016-2021 ($ billions)
Exhibit 18: Narrow-body aircraft engine market in APAC 2016-2021 ($ billions)
Exhibit 19: Narrow-body aircraft engine market in EMEA 2016-2021 ($ billions)
Exhibit 20: Narrow-body aircraft engine market in Americas 2016-2021 ($ billions)
Exhibit 21: Key innovative technologies that NASA has emphasized for feature aviation
Exhibit 22: Key vendors of global narrow-body aircraft engine 2016
Exhibit 23: GE Aviation: Key business areas
Exhibit 24: Pratt & Whitney: Key business areas
Exhibit 25: Rolls-Royce: Key business areas
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FEATURED COMPANIES

  • CFM International
  • GE Aviation
  • MTU AERO ENGINES
  • Pratt & Whitney
  • Rolls-Royce
  • MORE
New Report Released: – Global Narrow-body Aircraft Engine Market 2017-2021

The author of the report recognizes the following companies as the key players in the global narrow-body aircraft engine market: CFM International, GE Aviation, International Aero Engines, Pratt & Whitney, and Rolls-Royce.

Other Prominent Vendors in the market are: MTU AERO ENGINES.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Design innovations for engine parts. The noise generated by aircraft is mainly due to the unsteady airflow into the jet engine. It is a major concern for the aviation industry and the environment as the noise is very high and causes an increasingly acute environmental problem. Further, the noise pollution is increasing steadily with the exponential growth in air traffic. To address such concerns, the designs of narrow-body engines are being modified to adhere to the noise pollution limits set by various regulatory bodies such as FAA, EASA, and others.”

According to the report, one of the major drivers for this market is Decline in fuel prices decrease operating cost of aircraft. The aviation industry is highly price-sensitive and competitive as the majority of customers prefer low-cost options over brand loyalty. Customers' preference has also gradually shifted toward air travel over land transport as the former offers time and monetary savings. With such increasing demand for air travel, the production of aircraft has also increased. This increase has been mainly witnessed in the regional travel aircraft segment, which uses narrow-body aircraft.

Further, the report states that one of the major factors hindering the growth of this market is High cost associated with replacement of engines. The engines of narrow-body aircraft are heavily priced, and the cost of a single engine accounts for almost one-third of the total cost of a whole new jet. The average cost of an engine of a single-aisle aircraft is around $9.72 million, and the average cost of an engine of a regional jet cost around $4 million. The engine and the other components in narrow-body aircraft must be under constant supervision. In addition, engine MRO must be performed on a regular basis to ensure that the components are not damaged. As there is a high demand for narrow-body aircraft, the chances of replacing the engine with better performance one are higher but the risk associated (risk of compatibility, payload-carrying capacity, and adequate thrust generation) is also high, making it unsafe, dangerous, and more prone to damage and failure of the entire aircraft.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • CFM International
  • GE Aviation
  • International Aero Engines
  • Pratt & Whitney
  • Rolls-Royce
  • MTU AERO ENGINES
Note: Product cover images may vary from those shown
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