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Global Narrow-body Aircraft Engine Market 2017-2021

Global Narrow-body Aircraft Engine Market 2017-2021

About Narrow-body Aircraft Engine

Narrow-body aircraft are mainly classified into single-aisle and regional aircraft. Single-aisle aircraft, powered by turbofan engines, have passengers seated in two-axial groups, with a capacity of up to six passengers abreast. Likewise, regional aircraft, powered by both turboprop and turbofan engine configurations, are operated in short-haul and medium-haul routes, where each aircraft carries comparatively fewer passengers than conventional single-aisle aircraft.

Technavio’s analysts forecast the global narrow-body aircraft engine market to grow at a CAGR of 6.1% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global narrow-body aircraft engine market for 2017-2021. To calculate the market size, the report considers the new engine demand and the replacement engine demand.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Narrow-body Aircraft Engine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • CFM International
  • GE Aviation
  • International Aero Engines
  • Pratt & Whitney
  • Rolls-Royce
Other prominent vendors


    MTU AERO ENGINES
Market driver
  • Decline in fuel prices decrease operating cost of aircraft
  • For a full, detailed list, view our report
Market challenge
  • High cost associated with replacement of engines
  • For a full, detailed list, view our report
Market trend
  • Design innovations for engine parts
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Narrow-body Aircraft Engine Market 2017-2021

Technavio recognizes the following companies as the key players in the global narrow-body aircraft engine market: CFM International, GE Aviation, International Aero Engines, Pratt & Whitney, and Rolls-Royce.

Other Prominent Vendors in the market are: MTU AERO ENGINES.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Design innovations for engine parts. The noise generated by aircraft is mainly due to the unsteady airflow into the jet engine. It is a major concern for the aviation industry and the environment as the noise is very high and causes an increasingly acute environmental problem. Further, the noise pollution is increasing steadily with the exponential growth in air traffic. To address such concerns, the designs of narrow-body engines are being modified to adhere to the noise pollution limits set by various regulatory bodies such as FAA, EASA, and others.”

According to the report, one of the major drivers for this market is Decline in fuel prices decrease operating cost of aircraft. The aviation industry is highly price-sensitive and competitive as the majority of customers prefer low-cost options over brand loyalty. Customers' preference has also gradually shifted toward air travel over land transport as the former offers time and monetary savings. With such increasing demand for air travel, the production of aircraft has also increased. This increase has been mainly witnessed in the regional travel aircraft segment, which uses narrow-body aircraft.

Further, the report states that one of the major factors hindering the growth of this market is High cost associated with replacement of engines. The engines of narrow-body aircraft are heavily priced, and the cost of a single engine accounts for almost one-third of the total cost of a whole new jet. The average cost of an engine of a single-aisle aircraft is around $9.72 million, and the average cost of an engine of a regional jet cost around $4 million. The engine and the other components in narrow-body aircraft must be under constant supervision. In addition, engine MRO must be performed on a regular basis to ensure that the components are not damaged. As there is a high demand for narrow-body aircraft, the chances of replacing the engine with better performance one are higher but the risk associated (risk of compatibility, payload-carrying capacity, and adequate thrust generation) is also high, making it unsafe, dangerous, and more prone to damage and failure of the entire aircraft.

Companies Mentioned

CFM International, GE Aviation, International Aero Engines, Pratt & Whitney, Rolls-Royce, MTU AERO ENGINES

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Key components of turbofan engine
      • Table Key components of turboprop engine
      • Table Engine options for key narrow-body aircraft (Airbus)
      • Table Engine options for key narrow-body aircraft (Boeing)
      • Table Engine options for key Bombardier aircraft
      • Table Engine options for Commercial Aircraft Corporation of China (COMAC) aircraft
      • Table Engine options for key Embraer aircraft
      • Table Engine options for Mitsubishi aircraft
  • Market landscape
    • Market overview
      • Table Global narrow-body aircraft engine market overview 2016
    • Market size and forecast
      • Table Global narrow-body aircraft engine market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by engine type
    • Global narrow-body aircraft engine market segmentation by engine type
      • Table Global narrow-body aircraft engine market segmentation by engine type 2016 and2021 (%)
      • Table Global narrow-body aircraft engine market segmentation by engine type 2016-2021($ billions)
    • Global turbofan engine market
      • Table Global turbofan engine market 2016-2021 ($ billions)
    • Global turboprop engine market
      • Table Global turboprop engine market 2016-2021 ($ billions)
  • Geographical segmentation
    • Geographical segmentation of global narrow-body aircraft engine market
      • Table Geographical segmentation of global narrow-body aircraft engine market 2016 and2021 (%)
      • Table Geographical segmentation of global narrow-body aircraft engine market 2016-2021($ billions)
    • Narrow-body aircraft engine market in APAC
      • Table Narrow-body aircraft engine market in APAC 2016-2021 ($ billions)
    • Narrow-body aircraft engine market in EMEA
      • Table Narrow-body aircraft engine market in EMEA 2016-2021 ($ billions)
    • Narrow-body aircraft engine market in Americas
      • Table Narrow-body aircraft engine market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of ultra-efficient jet engines with low environmental impact
      • Table Key innovative technologies that NASA has emphasized for feature aviation
    • Design innovations for engine parts
    • Implementation of lightweight materials
  • Vendor landscape
    • Competitive scenario
      • Table Key vendors of global narrow-body aircraft engine 2016
    • CFM International
    • GE Aviation
      • Table GE Aviation: Key business areas
    • International Aero Engines
    • Pratt & Whitney
      • Table Pratt & Whitney: Key business areas
    • Rolls-Royce
      • Table Rolls-Royce: Key business areas
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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