Aircraft Micro Turbine Engines Market Growth, Size, Trends, Revenue, Scope and Future Outlook: SPER Market Research

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Published: Jul 2023	Report ID: AERO2321	Pages: 1 - 235	Formats^*:
Category : Aerospace and Defence

Aircraft Micro Turbine Engines Market Introduction and Overview

According to SPER Market Research, the Global Aircraft Micro Turbine Engines Market is estimated to reach USD 0.10 billion by 2033 with a CAGR of 10.07%.

The report includes an in-depth analysis of the Global Aircraft Micro Turbine Engines Market, including market size and trends, product mix, distribution channels, and supplier analysis. An aircraft micro turbine engine is a compact combustion turbine that employs micro combustion to provide simultaneous heat and electricity generation. It is highly desirable due to its ability to utilize a wide range of fuel types, its small size, and its efficiency. Its compact design allows it to occupy minimal space, freeing up room for other components in the overall aircraft design. This engine's small footprint enables it to fit snugly within the aircraft, optimizing the utilization of available space. Additionally, its compactness contributes to its efficient performance, making it an attractive choice for aircraft applications.

June 2021: The Kratos Turbine Technologies (KTT) Division has just received a $8.6 million task order under the Advanced Turbine Technologies for Affordable Mission (ATTAM) ID/IQ contract, according to a recent announcement from Kratos Defence & Security Solutions, Inc. The contract entails the design, development, assembly, and testing of an affordable turbo shaft engine for Group 3 unmanned aerial vehicles (UAVs).

February 2021: Prvni brnenska strojirna Velka Bites (PBS), a Czech Republic-based aerospace manufacturer with EASA certification, has revealed plans to introduce advanced high-performance jet engines. After successfully delivering their 1,000th PBS TJ100 turbojet engine in 2020, PBS is now responding to market demands by adapting their offerings to cater to disposable applications.

Market Opportunities and Challenges

Opportunities:

Growing Demand for Unmanned Aerial Vehicles (UAVs): As UAVs are used more often in a variety of fields, including the military, surveillance, and commercial applications, there is a significant market for small, lightweight micro turbine engines that can power these unmanned aircraft.

Fuel Efficiency and Emission Reduction: Aircraft micro turbine engines, in comparison to conventional reciprocating engines, offer improved fuel efficiency and reduced pollutants. Micro turbine engines, which can aid in lowering fuel consumption and carbon footprint, are becoming more and more popular as a result of the growing emphasis on environmental sustainability and strict emission standards.

Challenges:

Cost and Affordability: Compared to typical engines, micro turbine engines may have greater initial acquisition costs and ongoing operating costs. Wider market adoption is made more difficult by this, particularly for budget-constrained UAV producers or smaller aircraft operators.

Certification and Regulatory Compliance: To achieve compliance with safety and regulatory standards, aircraft engines, especially micro turbine engines, must go through stringent certification processes. Engine manufacturers face a problem because certification can be time-consuming and expensive to obtain.

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Market Competitive Landscape

The market for Aircraft Micro Turbine is currently dominated by prominent American and European companies like GE Aviation, Williams International, and Aero Design Works GmbH. These key players compete based on factors such as affordability, technological advancements, management capabilities, passenger safety and comfort, and eco-friendly solutions. However, an emerging player in the market is Kratos Defense & Security Solutions, known for its KTT turbojet engine. The key players in the Global Aircraft Micro Turbine Engines market include AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, Williams International, Others.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Engine Type, By Platform, By Fuel Type, By Horsepower, By End User
Regions covered	Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered	AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, Williams International, Others

COVID-19 Impact on Global Aircraft Micro Turbine Engines Market

The aircraft micro turbine engine market, like many other industries, has been severely affected by the Covid-19 pandemic. The global air travel restrictions and government regulations imposed to contain the virus led to a significant decline in air travel demand, directly impacting the demand for aircraft engines. Furthermore, supply chain disruptions and delays in aircraft production have resulted in the postponement of new aircraft deployments that would require micro turbine engines. As a result, the growth of the micro turbine engine market has been hindered during the pandemic.

Key Target Audience

Aircraft Maintenance, Repair, and Overhaul (MRO) Providers
Aircraft Manufacturers
Aviation Industry Suppliers
Aviation Operators
Aviation Regulatory Agencies
Defense and Military Organizations
Others

Our in-depth analysis of the Aircraft Micro Turbine Engines Market includes the following segments:

By Engine Type:	Turbojet Turboshaft
By Platform:	Advanced Air Mobility Commercial Aviation General Aviation Military Aviation
By Fuel Type:	Biofuel Diesel Jet A Kerosene
By Horsepower:	5-50 HP 50-100 HP 100-200 HP
By End User:	Auxiliary Power Propulsion

Key Topics Covered in the Report

Global Aircraft Micro Turbine Engines Market Size (FY’2023-FY’2033)
Overview of Global Aircraft Micro Turbine Engines Market
Segmentation of Global Aircraft Micro Turbine Engines Market By Engine Type (Turbojet, Turboshaft)
Segmentation of Global Aircraft Micro Turbine Engines Market By Platform (Advanced Air Mobility, Commercial Aviation, General Aviation, Military Aviation)
Segmentation of Global Aircraft Micro Turbine Engines Market By Fuel Type (Biofuel, Diesel, Jet A, Kerosene)
Segmentation of Global Aircraft Micro Turbine Engines Market By Horsepower (5-50 HP, 50-100 HP, 100-200 HP)
Segmentation of Global Aircraft Micro Turbine Engines Market By End User (Auxiliary Power, Propulsion)
Statistical Snap of Global Aircraft Micro Turbine Engines Market
Expansion Analysis of Global Aircraft Micro Turbine Engines Market
Problems and Obstacles in Global Aircraft Micro Turbine Engines Market
Competitive Landscape in the Global Aircraft Micro Turbine Engines Market
Impact of COVID-19 and Demonetization on Global Aircraft Micro Turbine Engines Market
Details on Current Investment in Global Aircraft Micro Turbine Engines Market
Competitive Analysis of Global Aircraft Micro Turbine Engines Market
Prominent Players in the Global Aircraft Micro Turbine Engines Market
SWOT Analysis of Global Aircraft Micro Turbine Engines Market
Global Aircraft Micro Turbine Engines Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Aircraft Micro Turbine Engines Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Aircraft Micro Turbine Engines Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Aircraft Micro Turbine Engines Market

7. Global Aircraft Micro Turbine Engines Market, By Engine Type (USD Million)

7.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Engine Type, 2023-2033
7.2. Turbojet
7.3. Turboshaft

8. Global Aircraft Micro Turbine Engines Market, By Platform (USD Million)

8.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Platform, 2023-2033
8.2. Advanced Air Mobility
8.3. Commercial Aviation
8.4. General Aviation
8.5. Military Aviation

9. Global Aircraft Micro Turbine Engines Market, By Fuel Type (USD Million)

9.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Fuel Type, 2023-2033
9.2. Biofuel
9.3. Diesel
9.4. Jet A
9.5. Kerosene

10. Global Aircraft Micro Turbine Engines Market, By Horsepower (USD Million)

10.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By Horsepower, 2023-2033
10.2. 5-50 HP
10.3. 50-100 HP
10.4. 100-200 HP

11. Global Aircraft Micro Turbine Engines Market, By End User (USD Million)

11.1. Global Aircraft Micro Turbine Engines Market Value Share and Forecast, By End User, 2023-2033
11.2. Auxiliary Power
11.3. Propulsion

12. Global Aircraft Micro Turbine Engines Market Forecast, 2019-2033 (USD Million)

12.1. Global Aircraft Micro Turbine Engines Market Size and Market Share

13. Global Aircraft Micro Turbine Engines Market, By Engine Type, 2019-2033 (USD Million)

13.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Engine Type (2019-2026)
13.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Engine Type (2027-2033)

14. Global Aircraft Micro Turbine Engines Market, By Platform, 2019-2033 (USD Million)

14.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Platform (2019-2026)
14.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Platform (2027-2033)

15. Global Aircraft Micro Turbine Engines Market, By Fuel Type, 2019-2033 (USD Million)

15.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Fuel Type (2019-2026)
15.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Fuel Type (2027-2033)

16. Global Aircraft Micro Turbine Engines Market, By Horsepower, 2019-2033 (USD Million)

16.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Horsepower (2019-2026)
16.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Horsepower (2027-2033)

17. Global Aircraft Micro Turbine Engines Market, By End User, 2019-2033 (USD Million)

17.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By End User (2019-2026)
17.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By End User (2027-2033)

18. Global Aircraft Micro Turbine Engines Market, By Region, 2019-2033 (USD Million)

18.1. Global Aircraft Micro Turbine Engines Market Size and Market Share By Region (2019-2026)
18.2. Global Aircraft Micro Turbine Engines Market Size and Market Share By Region (2027-2033)
18.3. Asia-Pacific

18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea

18.3.6. Rest of Asia-Pacific

18.4. Europe

18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe

18.5. Middle East and Africa

18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa

18.6. North America

18.6.1. Canada
18.6.2. Mexico
18.6.3. United States

18.7. Latin America

18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America

19. Company Profile

19.1. AeroDesignWorks GmbH

19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments

19.2. Elliott Company

19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments

19.3. General Electric Company

19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments

19.4. Honeywell International Inc.

19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments

19.5. Kratos Defense & Security Solutions, Inc.

19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments

19.6. Micro Turbine Technology B.V.

19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments

19.7. PBS Group. a.s.

19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments

19.8. Sentient Blue Technologies

19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments

19.9. Turbotech SAS

19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments

19.10. Williams International

19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments

19.11. Others

20. List of Abbreviations

21. Reference Links

22. Conclusion

23. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Aircraft Micro Turbine Engines Market?

Aircraft Micro Turbine Engines Market is projected to reach USD 0.10 billion by 2033, growing at a CAGR of 10.07% during the forecast period.

What is the growth rate of the Aircraft Micro Turbine Engines Market?

Aircraft Micro Turbine Engines Market grew in market size from 2022. The Market is expected to reach USD 0.10 billion by 2033, at a CAGR of 10.07% during the forecast period.

What is the anticipated CAGR of the Aircraft Micro Turbine Engines Market?

Aircraft Micro Turbine Engines Market CAGR of 10.07% during the forecast period.

How can I get a sample report on the Aircraft Micro Turbine Engines Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Aircraft Micro Turbine Engines Market?

Aircraft Micro Turbine Engines Market size is USD 0.10 billion from 2023 to 2033.

Which segment is expected to Aircraft Micro Turbine Engines Market?

Aircraft Micro Turbine Engines Market Segment is covered By Engine Type, By Platform, By Fuel Type, By Horsepower, By End User.

Which region is expected to have the highest market share in the Aircraft Micro Turbine Engines Market?

The North America region is anticipated to have the highest market share in the Aircraft Micro Turbine Engines Market.

Who are the key players in Aircraft Micro Turbine Engines Market?

The key players in the market include Companies Covered AeroDesignWorks GmbH, Elliott Company, General Electric Company, Honeywell International Inc., Kratos Defense & Security Solutions, Inc., Micro Turbine Technology B.V., PBS Group. a.s., Sentient Blue Technologies, Turbotech SAS, Williams International, Others.

What is the conclusion of the Aircraft Micro Turbine Engines Market?

An aircraft micro turbine engine is a compact combustion turbine that employs micro combustion to provide simultaneous heat and electricity generation. It is highly desirable due to its ability to utilize a wide range of fuel types, its small size, and its efficiency.