Global Flight Propulsion Systems Market to Claim 6.8% Growth Rate by 2022-28

A flight propulsion system generally consists of an aircraft engine and some means to generate thrust, such as a propeller or a propulsive nozzle. An flight propulsion system must achieve two things. First, the thrust from the propulsion system must balance the drag of the airplane when the airplane is cruising. And second, the thrust from the propulsion system must exceed the drag of the airplane for the airplane to accelerate. In fact, the greater the difference between the thrust and the drag, called the excess thrust, the faster the airplane will accelerate.

North America is the largest market with about 56% market share. Europe is follower, accounting for about 39% market share.

The key players are CFM, General Electric Company, Rolls-Royce Holdings, United Technologies, Safran, Honeywell, GKN Aerospace, MTU Aero Engines, United Engine Corporation, Aero Engine Corporation of China etc. CFM is the largest manufacturer with about 40% market share.

The global Flight Propulsion Systems market was valued at US$ 156770 million in 2020 and it is expected to reach US$ 249510 million by the end of 2027, growing at a CAGR of 6.8% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-flight-propulsion-systems-market-outlook

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Air Breathing Engines
  • Non-Air Breathing Engines

Segment by Application

  • Aircraft
  • Spacecraft
  • Missiles
  • Unmanned Aerial Vehicle

By Company

  • CFM
  • General Electric Company
  • Rolls-Royce Holdings
  • United Technologies
  • Safran
  • Honeywell
  • GKN Aerospace
  • MTU Aero Engines
  • United Engine Corporation
  • Aero Engine Corporation of China

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

Contact Details:

Mr. Shirish Gupta

Sales Manager

The Market Reports | Industry and Market Reports at its Best

Call: +1-631-407-1315 / +91-750-729-1479

Email: sales@themarketreports.com