Aircraft Micro Turbine Engines Market Growth Opportunities, Historical Analysis, Thriving Business, , Future Trends, Growth – 2023

Global Aircraft Micro Turbine Engines Market.

Market Forecast

Global Aircraft Micro Turbine Engines Market is projected to be valued at USD 47.52 Billion by 2026, expanding at a CAGR of 9.8% between 2019 and 2026. The increasing use of UAVs for countering internal and external security threats is primarily driving the growth of the market. Furthermore, low operating & maintenance costs are driving the growth of the market.

Free Sample Report @ https://www.marketresearchfuture.com/sample_request/9635

Market USP

The growing use of UAVs by the defense agencies for tactical missions.

Growth Opportunities in the Market

Turboshaft micro turbine engines segment accounted for the largest market share in 2019: The turboshaft micro turbine engines segment is also expected to grow at the highest CAGR during the forecast period from 2019 to 2026. The growth can be attributed to the high utilization of turboshaft micro turbine engines in UAVs, air taxis, light aircraft, and CAVs. This is because a turboshaft micro turbine engine creates less noise, weighs less, and requires less maintenance.

VTOL segment is expected to witness a higher growth in the market: The VTOL segment is expected to grow at a higher CAGR during the review period. This is due to the increasing demand for VTOL UAVs by the military and commercial end users and high investments in the development of micro turbine engines for VTOL.

Commercial segment is expected to register the highest growth in the market: The commercial segment is expected to grow at the highest CAGR during the review period. This is due to the increasing use of UAVs for commercial applications such as climate & pollution monitoring, mapping & surveying, and recreational photography and videography among others. Moreover, the increase in the development of advanced air taxis and CAVs is driving the growth of this segment.

Key Players

• AMT Netherlands B.V.
• GE Aviation
• Honeywell International Inc.
• Kratos Defense & Security Solutions, Inc.
• Micro Turbine Technology B.V.
• PBS Group
• Rolls-Royce Holdings PLC
• Turbotech SAS
• UAV Turbines, Inc.
• Williams International
• Other Key Players
• Brayton Energy
• Hawk Turbine AB
• Jetcat Americas
• Lambert Microturbine
• Access Report Details @ https://www.marketresearchfuture.com/reports/aircraft-micro-turbine-engines-market-9635

Tags: Aircraft Micro Turbine Engines Market size, Aircraft Micro Turbine Engines Market, Aircraft Micro Turbine Engines Market share, Aircraft Micro Turbine Engines Market Analysis, Aircraft Micro Turbine Engines Market Growth, Aircraft Micro Turbine Engines Indutry See Campaign: https://www.marketresearchfuture.com/reports/aircraft-micro-turbine-engines-market-9635
Contact Information:
WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India Sales: +1 628 258 0071(US) +44 2035 002 764(UK) Mail : info@marketresearchfuture.com

Tags:
, Reportedtimes, iCN Internal Distribution, Research Newswire, English