Flight Propulsion System Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Flight Propulsion System Market Market Growth and Trends
The global flight propulsion system market held a market value of US$ 244.68 billion in 2016 and is expected to grow at a CAGR of 6.66% to a projected market value of US$ 337.78 billion by 2021. The increasing globalization is the major driving factor behind the growth of the flight propulsion system market.
The increasing urbanization has resulted in emerging economies with higher disposable incomes. Subsequently, the need to travel and migrate has emerged on both work and leisure travel basis. This has resulted in a significant rise in the air travel. Thus, increasing air travel and elevating demand for global connectivity has propelled the demand for the flight propulsion system market. The increasing number of orders for aircraft is also another growth factor for the market.
The expanding need for light-weight airbus engines and highly efficient aircraft models are fueling the demand for the flight propulsion systems. The air-breathing engine sector is forecasted to hold the major share of the propulsion system market by 2025. The defence and air-borne armed forces sector is expected to drive the market growth. The rising need and demand for long-range missiles and supersonic flights by the air force sector is anticipated to fuel the demand for propulsion systems.
The unmanned aerial vehicles sector is projected to exhibit the highest CAGR by 2025. The innovative technological advancements provided by the R&D sector has surged the desirability for flight propulsion systems in the near future. The increasing investments into the R&D sector towards advanced propulsion systems by both Governments and private market players ensure the growth of the flight propulsion systems market in the coming years. The strategic marketing employed by the competitive market players by collaborations, partnerships, and mergers to deliver high performance propulsion mechanisms is a major promise for the market growth.
Flight Propulsion System Market Industry Regional Analysis
Flight Propulsion System Market Market Research Report Scope/Definition
Flight Propulsion System Market Market Share and Competition Key companies operating in this industry are: Bombardier Recreational Products Inc ; Moog Inc. ; UNITED TECHNOLOGIES ; NPO Energomash. ; Busek Co. Inc. ; Konstruktorskoe Buro Khimavtomatiky ; FSUE RDIME ; 3W International GmbH ; Orbital ATK Inc ; Aerojet Rocketdyne Holdings. ; Honeywell International Inc. and Space Exploration Technologies Corp.
Flight Propulsion System Market Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Gas Turbines & Jet Engines
• Ramjets & Scramjets
• Internal Combustion
• Hybrid Propulsion
• Electric Propulsion
• Solid Propulsion
• Liquid Propulsion
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Unnamed Aerial Vehicles
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Flight Propulsion System Market Industry Companies
• Bombardier Recreational Products Inc
• Moog Inc.
• UNITED TECHNOLOGIES
• NPO Energomash.
• Busek Co. Inc.
• Konstruktorskoe Buro Khimavtomatiky
• FSUE RDIME
• 3W International GmbH
• Orbital ATK Inc
• Aerojet Rocketdyne Holdings.
• Honeywell International Inc.
• Space Exploration Technologies Corp.
Available Versions of Flight Propulsion System Market Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report