36% of growth will come from Europe for the aircraft turbojet market | Evolving opportunities with EuroJet Turbo GmbH and General Electric Co.

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NEW YORK, December 24, 2021 / PRNewswire / – 36% of growth will come from Europe for the aircraft turbojet market. The United Kingdom and Germany are the key markets for aircraft turbojets in Europe. The market growth in this region will be faster than the market growth in North America. The global aircraft turbojet market is expected to grow by $ 629.51 million 2021 to 2026. However, the growth momentum is expected to slow down to a 4.37% CAGR according to the latest Technavio report.

Attractive Opportunities in the Aircraft Turbojet Market by Application and Geography – Forecast and Analysis 2022-2026

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Read the 120-page report with TOC on ‘Aircraft Turbocharger Market Analysis Report by Application (Defense and Civil Aviation) and Geography (North America, Europe, APAC, MEA and South America) and segment forecast, 2022-2026. “Obtain competitive insights from market leaders. Track key industry opportunities, trends and threats. Marketing, branding, strategy and development insights market, sales and procurement functions. https://www.technavio.com/report/report/aircraft-turbofan-engine-market-industry-analysis

Aircraft Turbojet Market – Pilot and Challenge

the air travel request should be boosted by the growing wealth of the middle class population in emerging markets. In addition, demand for commercial aircraft is expected to increase sharply due to the growth of air travel to key countries such as China, Russia, India, Indonesia, and the United States. The increase in air traffic year on year made the induction of new aircraft necessary to meet the growing demand. As a result, aircraft OEMs and their suppliers are reorganizing their production facilities to ensure that aircraft deliveries go as planned.

However, countries cannot afford to adopt all new technologies which emerges as it will cause downtime in their defense planes. Several other challenges associated with the introduction of a new technology are its prohibitive cost, the technological risks entailed by strict certification requirements and the need for the required expertise. Technologically advanced equipment must also go through a rigorous testing and evaluation process before certification. In addition, innovations require substantial backing and backing from leading manufacturers and MRO service providers in the defense market.

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Some of the major aircraft turbojet players:

The aircraft turbojet market is fragmented and suppliers are deploying various organic and inorganic growth strategies to compete in the market.

  • EuroJet Turbo GmbH

  • Societe Generale Électrique.

  • Honeywell International Inc.

  • Ivchenko-Progress SE

  • Liebherr International AG

  • PowerJet pressure cleaning systems

  • Raytheon Technologies Corp.

  • Rolls-Royce Plc

  • Rostec State Corp.

  • Safran SA

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Aircraft Turbojet Market Application Outlook (Revenue, USD Million, 2021-2026)

Geographic Outlook of Aircraft Turbojet Market (Revenue, USD Million, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • APAC – size and forecast 2021-2026

  • MEA – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

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Associated reports:
Aircraft Cabin Improvements Market –The aircraft cabin upgrades market share is expected to grow by USD 3.96 billion from 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 7.41%. Download a free sample now!

Light Electric Aircraft Market –The light electric aircraft market share is expected to increase by USD 2.88 billion from 2021 to 2025, and the market growth momentum will accelerate at a CAGR of 31.04%. Download a free sample now!

Scope of the aircraft turbojet market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Deceleration to 4.37% CAGR

Market growth 2022-2026

$ 629.51 million

Market structure

Fragmented

Annual growth (%)

4.77

Regional analysis

North America, Europe, APAC, MEA and South America

Efficient contribution to the market

Europe at 36%

Main consumer countries

United States, United Kingdom, China, Germany and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

EuroJet Turbo GmbH, General Electric Co., Honeywell International Inc., Ivchenko-Progress SE, Liebherr-International AG, PowerJet Pressure Cleaning Systems, Raytheon Technologies Corp., Rolls-Royce Plc, Rostec State Corp. and Safran SA

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contacts

Technavio research
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Communication and Marketing Officer
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E-mail: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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