Global Military Aerospace Engine Market Overview:
Military aircraft are heavy-duty machines which are built for extreme stresses and breathtaking manoeuvres. Considering the pace with technology is evolving, there would be major changes in aircraft engine attributed by economic and environmental concerns of fossils fuels. Accordingly, the requirements imposed on engines are very stringent.
- The Emergence of Aircraft Manufacturers in Asia-Pacific and Latin America
- Increase in Demand for Lightweight Aircraft Engines
- Increasing Demand for Unmanned Aerial Vehicles
- Market Players are Focusing on the Development of Fifth-Generation Fighter Aircraft
- Decreasing Defense Budgets Due to Economic Slowdown
- The Growth in Number of Military Aircraft Orders from Developing Nations
- Increasing Demand for Fuel-Efficient Engines Worldwide
- High Cost Associated With New Technology
- Stringent Government Regulation Regarding Aircraft Engine Manufacturing and Import & Export
Some of the key players profiled in the report are United Technologies (United States), MTU Aero Engines (Germany), Honeywell Aerospace (United States), Rostec (Russia), Rolls-Royce plc (United Kingdom), General Electric (United States), Safran S.A. (France), Hindustan Aeronautics Limited (India) and Aero Engine Corporation of China (China).
The US Federal Aviation Administration and Europe’s EASA have mandated aircraft governing bodies to limit ETOPS (Extended Range, Twin Engined, Operation, Performance, Standards) to 140 or even 60 minutes from the 330 minutes certified originally amid incidents of 32 Boeing 787s grounded because problems with the Rolls-Royce Trent 1000-C engines.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Military Aerospace Engine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Military Aerospace Engine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aircraft Engines Manufacturer, Engines Parts Manufacturers, Turboshaft Engine manufacturers, Turboprop Engine Manufacturers, Turbofan Engine Manufacturers, Piston Engine Manufacturers, MRO Service Providers and Engine Distributors, Technology Support Providers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.