Jet Engines Market Dynamics 2021-2031
Increasing demand in military aircrafts with high endurance and other modern technologies, are the key drivers of jet engine market. Owing to the fact that various countries are increasingly inclining towards the development of jet engines for different uses, is also boosting the import and export of these jet engines. Increase in fuel price and stringent rules for environmental proposes are restraining factors for this market. Growth in international and domestic commercial airline business and military advancement is anticipated to create opportunities for this market. Ultra-efficient jet engine and adaptive versatile engine technology are trends for this market.
The "Jet Engines Market Analysis to 2031" is a specialized and in-depth study of the jet engines industry with a focus on the global market trend. The report aims to provide an overview of global jet engines market with detailed market segmentation by types, applications, end users and geography. The global jet engines market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global jet engines market based on by types, applications and end users. It also provides market size and forecast till 2031 for overall jet engines market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 14 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting Jet Engines market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces evaluating the bargaining power of buyers and suppliers, threats to substitutes and new entrants and competitive rivalry.
Also, key jet engines market players influencing the Jet Engines market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, financial information of last 3 years, key development in past five years. Some of the key players influencing the Jet Engines market are Rolls-Royce plc, General Electric, United Technologies Corporation - Pratt & Whitney Division, Safran, Honeywell International Inc., CFM International, Engine Alliance, Lockheed Martin Corporation, JSC "Klimov" - United Engine Corporation and Reaction Engines among others. REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Jet Engine Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Jet Engines Market - By Types
3.2.2 Jet Engines Market - By Applications
3.2.3 Jet Engines Market - By End Users
3.2.4 Jet Engines Market - By Region
3.2.4.1 By Countries
3.3 Porter's Five Forces
3.3.1 Bargaining Power of Buyers
3.3.2 Bargaining Power of Suppliers
3.3.3 Threats to Substitutes
3.3.4 Threats to New Entrants
3.3.5 Competitive Rivalry
4 Jet Engine Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Jet Engine Market Analysis - Global
5.1 Global Jet Engine Market Overview
5.2 Global Jet Engine Market Forecasts and Analysis
6 Jet Engine Market Revenue and Forecasts to 2028 - Type
6.1 Overview
6.2 Types Market Forecasts and Analysis
6.3 Ramjet Market
6.3.1 Overview
6.3.2 Ramjet Market Forecasts and Analysis
6.4 Scramjet Market
6.4.1 Overview
6.4.2 Scramjet Market Forecasts and Analysis
6.5 Turbojet Market
6.5.1 Overview
6.5.2 Turbojet Market Forecasts and Analysis
6.6 Pulse Jet Market
6.6.1 Overview
6.6.2 Pulse Jet Market Forecasts and Analysis
7 Jet Engine Market Revenue and Forecasts to 2028 - Applications
7.1 Overview
7.2 Applications Market Forecasts and Analysis
7.3 Aircrafts
7.3.1 Overview
7.3.2 Aircrafts Market Forecasts and Analysis
7.4 Cruise Missiles
7.4.1 Overview
7.4.2 Cruise Missiles Market Forecasts and Analysis
7.5 Unmanned Aerial Vehicles
7.5.1 Overview
7.5.2 Unmanned Aerial Vehicles Market Forecasts and Analysis
8 Jet Engine Market Revenue and Forecasts to 2028 - End Users
8.1 Overview
8.2 End Users Market Forecasts and Analysis
8.3 Military
8.3.1 Overview
8.3.2 Military Market Forecasts and Analysis
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial Market Forecasts and Analysis
9 Jet Engine Market Revenue and Forecasts to 2028 - Geographical Analysis
9.1 North America
9.1.1 North America Jet Engines Market Overview
9.1.2 North America Jet Engines Market Forecasts and Analysis
9.1.2.1 North America Market Forecasts and Analysis - By Countries
9.1.2.1.1 US market
9.1.2.1.2 Canada market
9.1.2.1.3 Mexico market
9.1.3 North America Market Forecasts and Analysis - By Types
9.1.4 North America Market Forecasts and Analysis - By Applications
9.1.5 North America Market Forecasts and Analysis - By End Users
9.2 Europe
9.2.1 Europe Jet Engines Market Overview
9.2.2 Europe Jet Engines Market Forecasts and Analysis
9.2.2.1 Europe Market Forecasts and Analysis - By Countries
9.2.2.1.1 France market
9.2.2.1.2 Germany market
9.2.2.1.3 Russia market
9.2.2.1.4 UK market
9.2.2.2 Europe Market Forecasts and Analysis - By Types
9.2.2.3 Europe Market Forecasts and Analysis - By Applications
9.2.2.4 Europe Market Forecasts and Analysis - By End Users
9.3 Asia pacific (APAC)
9.3.1 Asia Pacific Jet Engines Market Overview
9.3.2 Asia Pacific Jet Engines Market Forecasts and Analysis
9.3.2.1 Asia Pacific Market Forecasts and Analysis - By Countries
9.3.2.1.1 China market
9.3.2.1.2 India market
9.3.2.1.3 Japan market
9.3.3 Asia Pacific Market Forecasts and Analysis - By Types
9.3.4 Asia Pacific Market Forecasts and Analysis - By Applications
9.3.5 Asia Pacific Market Forecasts and Analysis - By End Users
9.4 Middle East and Africa (MEA)
9.4.1 Middle East and Africa Jet Engines Market Overview
9.4.2 Middle East and Africa Jet Engines Market Forecasts and Analysis
9.4.2.1 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.2.1.1 South Africa market
9.4.2.1.2 Saudi Arabia market
9.4.2.1.3 UAE market
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Types
9.4.4 Middle East and Africa Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Market Forecasts and Analysis - By End Users
9.5 South America (SAM)
9.5.1 South America Jet Engines Market Overview
9.5.2 South America Jet Engines Market Forecasts and Analysis
9.5.2.1 South America Market Forecasts and Analysis - By Countries
9.5.2.1.1 Brazil market
9.5.3 South America Market Forecasts and Analysis - By Types
9.5.4 South America Market Forecasts and Analysis - By Applications
9.5.5 South America Market Forecasts and Analysis - By End Users
10 Industry Landscape
10.1 Mergers & acquisitions
10.2 Market Initiatives
10.3 New developments
10.4 Investment scenarios
11 Competitive Landscape
11.1 Competitive Product mapping
11.2 Market Positioning/ Market Share
12 Jet Engine Market, Key Company Profiles
12.1 Rolls-Royce plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 General Electric
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 United Technologies Corporation - Pratt & Whitney Division
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Safran
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Honeywell International Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 CFM International
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Engine Alliance
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Lockheed Martin Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 JSC "Klimov" - United Engine Corporation.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Reaction Engines
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Research Methodology
1. Rolls-Royce plc
2. General Electric
3. United Technologies Corporation - Pratt & Whitney Division
4. Safran
5. Honeywell International Inc.
6. CFM International
7. Engine Alliance
8. Lockheed Martin Corporation
9. JSC "Klimov" - United Engine Corporation.
10. Reaction Engines
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.