Aircraft Micro Turbine Engines Market

Aircraft Micro Turbine Engine is a small-sized combustion turbine that utilizes micro combustion to offer cogeneration to utilize heat & electricity at the same time. Micro turbine engines are preferred due to its features such as utilization of a variety of fuels, small size, and efficiency. As aircraft micro engines are compact, they utilize very small space to fit in and save space for other components in design. Its cogeneration option offers combined usage of electricity and heat from engine for up to 85% efficiency, in case of point-of-power utilization, depending on the heat process requirements. In addition, its low-cost energy makes it cheaper for long term use. Aircraft micro turbine engines are more efficient over reciprocating engines as they not only save space but also offer lubricant oil & coolant free operation. Latest developments in the micro turbine industry pave the way for drone propulsion in military and aviation.
Aircraft Micro Turbine Engines Market contains market size and forecasts of Aircraft Micro Turbine Engines in global, including the following market information:
Global Aircraft Micro Turbine Engines Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Aircraft Micro Turbine Engines Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Aircraft Micro Turbine Engines companies in 2021 (%)
The global Aircraft Micro Turbine Engines market was valued at 26 million in 2021 and is projected to reach US$ 42 million by 2028, at a CAGR of 7.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
By Horsepower Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Aircraft Micro Turbine Engines include Rolls-Royce Plc, Honeywell International Inc, Turbotech Sas, GE Aviation, Micro Turbine Technology BV, AeroDesignWorks GmbH, Lambert Microturbines, Kratos Defense & Security Solutions, Inc and Jetcat Americas, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Aircraft Micro Turbine Engines manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Aircraft Micro Turbine Engines Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Aircraft Micro Turbine Engines Market Segment Percentages, by Type, 2021 (%)
By Horsepower
5-50 HP
50-100 HP
100-200 HP
By Fuel Type
Kerosene
Diesel
Jet A
Biofuel
Global Aircraft Micro Turbine Engines Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Aircraft Micro Turbine Engines Market Segment Percentages, by Application, 2021 (%)
Civil Aircraft
Military Aircraft
Unmanned Aerial Vehicle
Others
Global Aircraft Micro Turbine Engines Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Aircraft Micro Turbine Engines Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Aircraft Micro Turbine Engines revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Aircraft Micro Turbine Engines revenues share in global market, 2021 (%)
Key companies Aircraft Micro Turbine Engines sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Aircraft Micro Turbine Engines sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Rolls-Royce Plc
Honeywell International Inc
Turbotech Sas
GE Aviation
Micro Turbine Technology BV
AeroDesignWorks GmbH
Lambert Microturbines
Kratos Defense & Security Solutions, Inc
Jetcat Americas
Stuttgart Engineering Propulsion Technologies
Hawk Turbine AB
Bowman Power
PBS AEROSPACE
Williams International
Bladon