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Global Wide-body Aircraft Engine Market 2017-2021

Global Wide-body Aircraft Engine Market 2017-2021

About Wide-body Aircraft Engine

Wide-body aircraft mostly consist of two or four engines and are known as twin-aisle aircraft. Wide-body jet engines have undergone a tremendous transformation over the past few years with the evolution of turbofan engines and implementation of strategies that support fuel economy. The demand for wide-body aircraft is not as high as narrow bodies owing to the latter's demand in the rising domestic airlines and their better working efficiency. However, many companies are investing in developing medium wide-body aircraft to meet the growing passenger traffic.

Technavio’s analysts forecast the global wide-body aircraft engine market to decline at a CAGR of (3.25%) during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global wide-body aircraft engine market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wide-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
  • GE Aviation
  • Pratt & Whitney
  • Rolls-Royce
Market driver
  • Increase in passenger traffic
  • For a full, detailed list, view our report
Market challenge
  • Cost-intensive production
  • For a full, detailed list, view our report
Market trend
  • Implementation of noise reduction technology
  • 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 Wide-body Aircraft Engine Market 2017-2021

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

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is implementation of noise reduction technology. The commercial aerospace industry is not only focusing on efficient fuel consumption and reduced emissions but also on noise reduction technologies. In the case of wide-body aircraft, the payload that the engine carries is more than a narrow-body aircraft, and hence, the noise generated is more.”

According to the report, one driver in the market is increase in passenger traffic. Increase in the global air passenger traffic has always been the most notable propelling factor for the year-on-year growth of aircraft and associated parts and components markets. As per Technavio estimation, the global passenger traffic was recorded as 3.76 billion in 2016, and it is anticipated to reach 4.51 billion by 2021 while reflecting a CAGR of 3.7%. As wide-body aircraft can fly more number of passengers on longer routes, it is also anticipated that the growth in passenger traffic will substantially contribute to the increased demand for wide-body aircraft and associated engines.

Further, the report states that one challenge in the market is cost-intensive production. Aircraft building encompasses significant design, development, and production costs and has a high impact on the program budget management. Several factors lead to the uncertainty and increase in equipment costs. For instance, the modern aircraft engines have enabled the development of large and efficient commercial aircraft, but it involves high equipment costs; it is estimated that the engine cost occupies one-third of the total cost of the aircraft.

Companies Mentioned

GE Aviation, Pratt & Whitney, and Rolls-Royce.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global commercial aircraft manufacturing market 2016-2021 ($ billions)
      • Table Key components of turbojet engines
      • Table Key components of turboprop engines
      • Table Key components of turbofan engines
      • Table Commonly installed components in commercial aircraft engine
      • Table Working principle of gas turbine engines (Brayton Cycle)
      • Table Basic module selection for new-generation turbofan engine
  • Market landscape
    • Market overview
      • Table Global wide-body aircraft engine market overview
    • Market size and forecast
      • Table Global wide-body aircraft engine market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global wide-body aircraft engine market segmentation by application
      • Table Global wide-body aircraft engine market segmentation by application 2016 and 2021(%)
      • Table Global wide-body aircraft engine market segmentation by application 2016-2021 ($billions)
    • Global small and medium wide-body aircraft engine market
      • Table Key engines used in small and medium wide-body aircraft
      • Table Global small and medium wide-body aircraft engine market 2016-2021 ($ billions)
    • Global large wide-body aircraft engine market
      • Table Global large wide-body aircraft engine market 2016-2021 ($ billions)
      • Table Key engines used in large-widebody aircraft segment
  • Geographical segmentation
    • Geographical segmentation of global wide-body aircraft engine market
      • Table Global wide-body aircraft engine market segmentation by geography 2016 and 2021(%)
      • Table Global wide-body aircraft engine market segmentation by geography 2016-2021 ($billions)
    • Wide-body aircraft engine market in EMEA
      • Table Wide-body aircraft engine market in EMEA 2016-2021 ($ billions)
    • Wide-body aircraft engine market in APAC
      • Table Wide-body aircraft engine market in APAC 2016-2021 ($ billions)
    • Wide-body aircraft engine market in Americas
      • Table Wide-body aircraft engine market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and Challenges
    • Market drivers
      • Table Global passenger traffic forecast 2016-2021 (billions)
    • Market challenges
      • Table Global narrow-body aircraft engine market 2016-2021 ($ billions)
  • Market trends
    • Implementation of noise reduction technology
    • Advancement in biofuel technologies to alternative conventional jet fuel
      • Table Comparison between jet fuel and biofuel
    • Emergence of more electric aircraft featuring liquid cooling mechanism
      • Table Key components of liquid cooling technology
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors of global wide-body aircraft engine market
  • Key vendor analysis
    • GE Aviation
      • Table Specifications of GE9X engine
    • Pratt & Whitney
      • Table Pratt & Whitney: Wide-body aircraft engine offerings
      • Table Features of Engine Alliance GP7200 for wide-body aircraft
    • Rolls-Royce
      • Table Specifications of Trent 900 engine
  • Appendix
    • List of abbreviations
  • Explore Technavio

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