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Global Aircraft Micro Turbine Engines Market Segmentation by Application (Civil, Urban Air Mobility, Unmanned and Military), Engine Type (Turbojet MTE, Turboshaft MTE), Platform (VTOL, Air Taxi, Cargo Aerial Vehicle (CAV), Business Jet, Ultra-Light Aircraft, Military Trainer Aircraft, Military Unmanned Aerial Vehicles (UAV)), End-User (Commercial and Military & Defense) and Region - Industry Forecast to 2027.

Published: March, 2023
ID: 10563
Pages: 185
Formats: report pdf report excel report power bi report ppt

Aircraft Micro Turbine Engines Market Size Share, and Forecast 2026:

Aircraft micro-turbines are considered single-shaft rotary engines, drawing their energy from a flow of micro-combustion gases.

The global aircraft microturbine engines market was estimated at $ 29 million in 2021 and is expected to reach $ 72 million in 2026, with a CAGR of 11.3% from 2022 - 2027. An increasing focus on reducing carbon emissions and increased efficiency are the main factors that are expected to drive the market in the coming years.

Aircraft Micro Turbine Engines Market Growth:

The global market for aircraft micro turbine engines has seen strong growth in recent years due to the increasing use of drones to counter internal and external security threats on a global scale. Additionally, the low O&M costs and the limited range and capacity of all-electric aircraft are some of the market growth drivers.

Recent Developments and Trends:

In July 2020, the Advanced Research Foundation and the Russian state-backed Federal State Unitary Enterprise publicized that they had flight-tested their 3D printed MGTD-20 gas turbine engine for the first time. . The engine was tested aboard a light unmanned aerial vehicle (UAV), which was launched over the Kazanbash Aviation Center in Tatarstan, about 800 kilometers east of Moscow.

Post-Brexit, India and the UK are ready to explore various options to jointly collaborate on defense projects. Countries must finalize a government-to-government format for future defense deals. The MOU was signed in the presence of the UK Defense Procurement Minister and the Director of the Defense and Security Organization (DSO) of the UK Department for International Trade.

Aircraft Micro Turbine Engines Market Drivers:

Air quality regulations imposed by various governments around the world have led most manufacturers to seek technological innovations to minimize the effect of pollutants on the surrounding environment. Few microturbine manufacturers have made advanced combustion technologies to minimize the formation of these pollutants. They ensured low levels of emissions from microturbines powered by liquid and gaseous fuels. The demand for these engines is increasing dramatically due to their various advantages such as compact size, lightness, higher efficiency and lower emissions. This is expected to boost the aircraft microturbine market in the near future. One of the main factors responsible for the growth of the market is the increase in technological advancement in aircraft microturbines. The significant increase in the number of strategic partnerships and contracts is also likely to increase the demand for microturbines for aircraft in the near future. The increasing replacement of manned aircraft by drones in the defense sector is expected to drive growth in this segment. Ambitious national goals, rapid technological advances and international agreements have prompted countries around the world to turn to the renewable energy sector and modernize their power generation technologies. Factors like the growing number of startups, the resulting drop in UAV costs, and stiff competition are driving demand for commercial drones. Furthermore, the development of air taxis for urban air mobility is expected to drive market growth. This, in turn, is expected to increase the global market for aircraft microturbine engines between 2021and 2026.

 Aircraft Micro Turbine Engines Market Restraints:

The price associated with microturbine engines is very high, which is a major limiting factor in the global aircraft micro turbine market. The power generation capacity of micro turbine engines is inadequate compared to conventional aircraft engines. This poses a challenge for the global market.

Aircraft Micro Turbine Engines Market Segmentation:

Based on application, unmanned aviation is foreseen to capture a prominent share in the aircraft microturbine engines market by 2026. Long endurance and the ability to be operated remotely by human operators or autonomously by onboard control computers are the properties of drones that fuel the demand for them in military and commercial applications. Another growth factor in this segment is the demand for faster delivery of goods in the commercial sector.

Based on the platform, the VTOL segment is expected to grow at the highest rate during the forecast period. VTOL aircraft are expected to experience increased popularity due to the demand for rapid mobility in urban areas around the world. Original equipment manufacturers are focused on developing workable solutions to increase the range of these aircraft platforms, as well as to control air vehicle emissions. With such significant developments in the aviation industry, microturbines are expected to see rapid adoption on the VTOL platform throughout the outlook period.

By Engine Type, A micro-turbine turbojet produces thrust by expelling a stream of high-energy gas from the engine's exhaust nozzle. A turbine-driven turbine engine is optimized to produce shaft power instead of jet thrust. The use of this propulsion system is growing for light aircraft and VTOL.

By End-User, the military and defense segment is foreseen to experience the highest growth during the forecast period. This is due to the intensive use of unmanned aerial vehicles in intelligence, surveillance and reconnaissance (ISR) missions by military forces. The commercial segment is likely to record a steady increase in CAGR over the foreseen period.

Aircraft Micro Turbine Engines Regional Analysis:

Depending on the region, the world market for aircraft microturbine engines can be classified as North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific is expected to be a key region for the global market from 2021to 2030. Increasing carbon emissions from augmented passenger traffic is a major driver of the growing demand for hybrid electrification in large economies such as China, India, Japan, and Australia. Asia-Pacific is expected to gain supremacy in the aircraft microturbine engines market in the near future, as China is likely to attract significant foreign investment due to stable growth and the strong development of the economy in recent years. On the other hand, the size of the US aircraft microturbine engines market is supposed to increase significantly by the end of the foreseen period. The aerospace and defense sector is likely to benefit from government incentives and grants.

Competitive Landscape:

Honeywell International Inc. is a publicly-traded US multinational conglomerate based in Charlotte, North Carolina. Its primary businesses is aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.

Key Players:

The key players in the global aircraft microturbine engines market are Honeywell International Inc. (US), UAV Turbines, Inc. (US), Turbotech SAS (France), PBS Group (Czech Republic), GE Aviation (US), AMT Netherlands B.V. (Netherlands), Williams International (US), Micro Turbine Technology B.V. (Netherlands), BF-Turbines (Germany), Kratos Defense & Security Solutions, Inc. (US), Elliott Group (US), Sentient Blue Technologies (Italy), Rolls-Royce Holdings plc (US), JetCat Americas (US), JetsMunt SL (Spain), Stuttgart Engineering Propulsion Technologies UG (Germany), Lambert Microturbine (Germany), Hawk Turbine AB (Sweden), Bowman (UK), and Brayton Energy (UK), among others.

Impact of Covid-19 on Global Aircraft Micro Turbine Engines market:

The global economy has been hindered by the measures put in place to contain the coronavirus pandemic. The aviation industry is estimated to face immediate challenges due to the COVID-19 pandemic, such as difficulty adhering to social distancing standards, labor shortages, lack of demand and supply, and discernment of end-user spending. The coronavirus pandemic has had a negative impact on the aircraft micro-turbine market, as aircraft manufacturers face cash shortages, production challenges, and a significant negative impact on their supply chain.

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