Aircraft Turbofan Engine Market Research Report By Forecast To 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.) Aircraft Turbofan Engine Market Research Report - Forecast to 2023 Global Aircraft Turbofan Engine Market Information Report by Aircraft Type (Narrowbody, Widebody, and others) by Application (Commercial air transport and military aviation), and by Regions (Americas, APAC, and EMEA) - Global Forecast To 2023 The market for global aircraft turbofan engine market is expected to witness a significant growth during the forecast period. Increasing demand for fuel efficient and lightweight aircraft is expected to result in increasing investments on technologically advanced turbofan engines and in turn contribute towards the growth of the market. In addition, with Airbus and Boeing accruing several thousand backlogs of fuel efficient aircraft, which would simultaneously translate into several subsequent years of the production of turbofan engines. Moreover, the increasing government regulations for reducing carbon emissions would act as another major driver for the aircraft turbofan engine market. The global aircraft turbofan engine market is expected to reach over USD 42,000 million by the end of 2023, growing at a CAGR of about 6%. Although, the price of fuel continues to fluctuate in the recent years, the demand for fuel efficient engines has simultaneously increased. The engine plays a major role in improving the fuel efficiency of an airplane. The usage of advanced materials in the aircraft engines have enabled the enhanced performance of engines. Hence, the usage of composites, ceramics, and super alloys has considerably increased, during the manufacture of aircraft engines. These materials are lightweight and have a huge impact on the overall weight of an aircraft. Furthermore, these factors enhance the engine performance, which in turn leads to significant fuel savings. In addition, these materials offer several advantages in engine design such as lower maintenance costs, lower weight, increased safety, and better high-temperature performance. Hence, the continued usage of composites, ceramics, and super alloys in the development of aircraft turbofan engines, have resulted in an increase in the demand of such engines and in the growth of the global market. However, certain factors such as the high costs of development for the engines coupled with the rigorous certification processes are expected to act as restraints for the market growth. Report Sample @ https://www.marketresearchfuture.com/sample_request/3791 2 www.marketresearchfuture.com Aircraft Turbofan Engine Market Research Report - Forecast to 2023 Segmentation 3 www.marketresearchfuture.com Aircraft Turbofan Engine Market Research Report - Forecast to 2023 Regional Analysis of Global Aircraft Turbofan Engine Market The Americas region is expected to dominate the global aircraft turbofan engine market mainly due to presence of major market players in the North American region. However, due to the growing demand of fuel efficient aircraft in emerging economies such as India and China will result in the APAC region registering a high growth rate during the forecast period. Key Players The key players of global aircraft turbofan engine market GE Aviation, Pratt & Whitney, Safran Aircraft Engines, CFM International, International Aero Engines AG, Rolls Royce, MTU Aero Engines, Honeywell International, Engine Alliance, EuroJet, and Aviadvigatel. Intended Audience • Aircraft Manufacturers • Engine manufacturers • Government as well as Independent Regulatory Authorities Browse Full Report @ https://www.marketresearchfuture.com/reports/aircraft-turbofan-engine-market3791 4 www.marketresearchfuture.com Aircraft Turbofan Engine Market Research Report - Forecast to 2023 Scope of Report The report for Global Aircraft Turbofan Engine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions. Press Release Available @ https://www.marketresearchfuture.com/press-release/aircraft-turbofan-enginemarket 5 www.marketresearchfuture.com ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 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Global Aircraft Turbofan Engine Market Information Report by Aircraft Type (Narrowbody, Widebody, and others) by Application (Commercial air transport and military aviation), and by Regions (Americas, APAC, and EMEA) - Global Forecast To 2023
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