Narrow-body aircraft are mainly classified into single-aisle and regional aircraft. Single-aisle aircraft, powered by turbofan engines, have passengers seated in two-axial groups, with a capacity of up to six passengers abreast. Likewise, regional aircraft, powered by both turboprop and turbofan engine configurations, are operated in short-haul and medium-haul routes, where each aircraft carries comparatively fewer passengers than conventional single-aisle aircraft.
Technavio’s analysts forecast the global narrow-body aircraft engine market to grow at a CAGR of 6.1% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global narrow-body aircraft engine market for 2017-2021. To calculate the market size, the report considers the new engine demand and the replacement engine demand.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Narrow-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 • CFM International • GE Aviation • International Aero Engines • Pratt & Whitney • Rolls-Royce
Other prominent vendors MTU AERO ENGINES
Market driver • Decline in fuel prices decrease operating cost of aircraft • For a full, detailed list, view our report
Market challenge • High cost associated with replacement of engines • For a full, detailed list, view our report
Market trend • Design innovations for engine parts • 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?
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