Global Commercial Aircraft Gas Turbine Engine Market to Reach USD 24.6 Billion, According to Visiongain18 Feb 2013 • by Natalie Aster
The jet engine is an integral part of the commercial aircraft and is a determining factor behind aircraft selection by all airlines. More time and money is spent on the jet engine than on any other component and it is not surprising that considerable developments in technology have made the modern day engine vastly different to those engines which were designed in the 1930s. Visiongain has determined that the value of the global commercial aircraft gas turbine engine market in 2013 will reach $24.6bn.
Whilst deregulation has altered the make up of the wider aviation industry, this is not the case within the commercial aircraft gas turbine engine market. The industry is still heavily concentrated on three main companies - GE Aviation, Pratt & Whitney and Rolls Royce, coupled with a few joint venture partnerships that deal with specific engine programmes. High barriers to entry, the importance placed on establishing a reputation for quality, and considerable sums earned from after sales services mean that this market structure for new jet engines is unlikely to change.
According to the report “Global Commercial Aircraft Gas Turbine Engine Market 2013-2023” by Visiongain, the commercial aircraft gas turbine engine market is largely reflective of prevailing global macro economic conditions and also trends within the overall aviation industry. Given that demand for air travel is set to see a surge, particularly from emerging regional markets, suppliers and manufacturers of aircraft engines should see considerable opportunities for growth over the next ten years.
Global Commercial Aircraft Gas Turbine Engine Market 2013-2023
Published: January, 2013
Price: US$ 2,497.00
Visiongain consulted widely with industry experts and full transcripts from an exclusive interview with GE Aviation is included within the report. As such, our reports have a unique blend of primary and secondary sources providing informed opinion. This approach allows insight into the key drivers and restraints behind contract and programme developments, as well as identifying the leading companies. The report also presents a unique blend of qualitative analysis combined with extensive quantitative data including global, submarket and regional markets forecasts from 2013-2023 - all highlighting strategic business opportunities.
More information can be found in the report “Global Commercial Aircraft Gas Turbine Engine Market 2013-2023” by Visiongain.
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