ReportLinker has announced its analysis of the global aircraft engine compressor market is expected to reached a 6% CAGR during the forecast period, the company said.
The aircraft engine compressor market analysis considers sales from both commercial and business aircraft and military aircraft. The analysis also considers the sales of aircraft engine compressor in APAC, Europe, North America, South America, and MEA.
In 2018, the commercial and business aircraft segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for new-generation commercial aircraft and rising stringent emission norms will play a significant role in the commercial and business aircraft segment to maintain its market position.
The global aircraft engine compressor market report looks at factors such as a surge in demand for aircraft, development of lightweight materials to enhance fuel economy, and development of technologically advanced, next-generation engines. However, technical issues with compressors and complexity of compressor blade manufacturing, high production costs and delay in engine deliveries, and price fluctuations, raw, material availability, and their effect on aircraft supply chain may hamper the growth of the aircraft engine compressor industry over the forecast period.
The increasing demand for commercial aircraft coupled with the demand for highly efficient and technologically advanced engines have propelled R&D activities in the global aircraft industry. The integration of battery in conventional aircraft has resulted in the development of hybrid aircraft. The growing activities in the field of battery technology have led to the development of solid-state batteries improving the range of electric vehicle. This development is expected to have a positive impact on the overall market growth. With the presence of a few major players, the global aircraft engine compressor market is concentrated. This vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading aircraft engine compressor manufacturers, that include Melrose Industries Plc, MTU Aero Engines AG, Safran SA, Turbocam Inc., United Technologies Corp. ReportLinker is a market research solution that finds and organizes the latest industry data.