Aircraft Micro Turbine Engines Market Research Report - Global Forecast till 2027

Global Aircraft Micro Turbine Engines Market Research Report: Information by Engine Type (Turbojet Micro Turbine Engines and Turboshaft Micro Turbine Engines), Platform (VTOL, Air Taxis, Cargo Aerial Vehicles (CAVs), Light Aircraft and Military Unmanned Aerial Vehicles), End-Use (Military & Defense and Commercial) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/A&D/8157-HCR | February 2021 | Region: Global | 164 pages

Please note that the assessment period of report has been updated from 2019-2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Aircraft Micro Turbine Engines Market is projected to reach USD 47.52 Billion by 2026, expanding at a CAGR of 9.8% between 2019 and 2026.


The propulsion system is one of the vital components in the UAV. Thus, the selection of engines is one of the most important tasks in the design phase of a UAV. Currently, the demand for micro turbine engines has been increasing from the last few years. This is due to less endurance of fully electric propulsion systems; micro turbine engines are being largely used for UAVs. Moreover, micro turbine engines provide various advantages such as compact size, a small number of moving parts, lightweight, lower emissions, and greater efficiency.


Market Synopsis


Global Aircraft Micro Turbine Engines Market has witnessed high growth in recent years owing to the increasing use of UAVs for countering internal and external security threats globally. Moreover, low operating & maintenance costs and limited range and capacity of fully electric aircraft are some factors driving the growth of the market.


However, stringent regulations and high cost of micro turbine engines are expected to restrain the market growth to some extent.


Market USP


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


Market Drivers



  • Increasing use of UAVs for countering internal and external security threats: UAVs are the next generation of aerial platforms deployed by defense forces around the world. The demand for such unmanned systems and payloads has been fueled by their successful deployment in combat missions against terrorism, especially in countries such as Iraq and Afghanistan. Thus, to increase the endurance of UAVs, the demand for microturbine engines has been increasing from the last few years.



  • Low operating & maintenance costs



  • Limited range and capacity of fully electric aircraft


Market Restraints



  • Stringent regulations

  • High cost of microturbine engines


Segmentation


By Engine Type



  • Turbojet Micro Turbine Engines: A turbojet micro turbine engine is a jet engine that produces thrust by ejecting a high energy gas stream from the engine exhaust nozzle. The demand for these engines is increasing significantly due to its various advantages such as compact size, lightweight, greater efficiency, and lower emissions.



  • Turboshaft Micro Turbine Engines: A turboshaft microturbine engine is a turbine engine that is optimized to produce shaft power rather than jet thrust. The use of this propulsion system is increasing for light aircraft and VTOL.


By End-User



  • Military & Defense: The segment is expected to witness the highest growth during the forecast period. This is due to the high use of UAVs in intelligence, surveillance, and reconnaissance (ISR) missions by the military forces.



  • Commercial: The segment is expected to witness a steady increase in CAGR during the forecast period. Factors such as the increasing number of start-ups, subsequent decline in UAV costs, and high competition are boosting the demand for commercial UAVs. Moreover, the development of air taxis for urban air mobility is expected to drive the growth of the market.


By Region



  • North America: North America dominates the aircraft micro turbine engines market. This trend is projected to continue during the forecast period due to the presence of prominent players such as Honeywell International Inc., GE Aviation, and PBS Group and high investments made by them in the development of advanced micro turbine engines.



  • Europe: The increasing adoption of UAVs by the air forces in Europe for performing intelligence, surveillance, and reconnaissance missions are expected to drive the growth of the European market in the review period.



  • Asia-Pacific: The market in this region is projected to expand at a high CAGR during the forecast period. Increasing defense expenditure on advanced UAVs and rising terrorist activities in countries such as India, China, Indonesia, and Australia are driving the growth of the market in the region.



  • Middle East & Africa: The increase in defense expenditures by countries such as Saudi Arabia, the UAE, and Israel is driving the market growth in the Middle East & African region.



  • Latin America: In Latin America, there has been an increase in the use of UAVs for intelligence gathering on drug trafficking and rebel groups, deforestation monitoring, and control of illegal migration, which is expected to drive the market growth.


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

  • Stuttgart Engineering Propulsion Technologies UG



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 47.52 Billion (2026)
  CAGR   9.8% (2019-2026)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Engine Type, Platform, End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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
  Key Market Opportunities   The growing use of UAVs by the defense agencies for tactical missions.
  Key Market Drivers

  • Increasing use of UAVs for countering internal and external security threats.
  • Low operating & maintenance costs.
  • Limited range and capacity of fully electric aircraft


  • Frequently Asked Questions (FAQ) :


    Global aircraft micro turbine engine market is touted to record a substantial market valuation of USD 47.52 billion by 2026.

    Global aircraft micro turbine engine market is projected to register a moderate 9.8% CAGR in the forecast period.

    The turbojet segment is expected to observe substantial demand over the review period.

    The military and defense segment is slated to expand as the fastest-growing segment.

    A few eminent market players operating in the global aircraft microturbine engine market are AMT Netherlands B.V., GE Aviation, Honeywell International Inc., among others.