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In the commercial segment, turbofan engines are used in transportation aircraft and business jets. In the military segment, turbofan engines are used in fighter jets and transportation aircraft.
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Turbofan Engines Market April 2020 Report Id : REP-GB-8400 Status : Ongoing Category : Automation & Transportation ©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 PMR formulates a detailed discussion guide to conduct expert and industry interviews Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 PMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 PMR delivers industry insights and information in the required format (PDF) Insights # includes sources of databases ©2015 Future Market Insights, All Rights Reserved 3
Turbofan Engines Market Turbofan Engines Market 2018 Global Analysis, Research, Review, Applications and Forecast to 2028 Turbofan Engines Market: Introduction Turbofan engines are the modern variant of basic gas turbine engines. In turbofan engines, the core of the engine is surrounded by a fan placed in the front of the engine and an additional turbine placed at the rear. The fan turbine and fans are composed of many blades and an additional shaft is connected to them. This type of design is called a two-spool engine. Some of the advanced turbofan engines have more spools for greater efficiency. Additionally, turbofan engines have various advantages over other engines such as turbojet and turboprop engines. Turbojet engines are comparatively more efficient and the operation is quieter than other engines. Due to these advantages, turbofan engines are used in various aircraft. In the commercial segment, turbofan engines are used in transportation aircraft and business jets. In the military segment, turbofan engines are used in fighter jets and transportation aircraft. However, turbofan engines also have some disadvantages. They are heavier than turbojet engines and have a larger frontal area. Additionally, turbofan engines are not efficient at very high altitudes. ©2015 Future Market Insights, All Rights Reserved 4
Turbofan Engines Market Turbofan Engines Market: Dynamics The growing urbanization and increasing global passenger traffic need a faster and more comfortable way to travel. In order to fulfill this need, the airline industry is continuously growing at a significant rate. Additionally, the growing transportation sector also needs a faster way to transport goods. Air transportation is the most efficient method. The growing airline industry is increasing the demand for new technologies and fuel-efficient engines. This factor is expected to drive the turbofan engines market at a significant rate over the forecast period. Furthermore, in the military sector, the demand for next-generation engines and improved technologies is increasing which is expected to increase the demand for turbofan engines over the forecast period. However, turbofan engines have high manufacturing costs as compared to other aircraft engine types. Additionally, some disadvantages such as inefficiency at very high altitudes and larger frontal area, are expected to hinder the growth of the turbofan engines market over the forecast period. Browse the full "Turbofan Engines Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 – 2028” market research report at https://www.futuremarketinsights.com/reports/turbofan-engines-market ©2015 Future Market Insights, All Rights Reserved 5
Turbofan Engines Market However, turbofan engines have high manufacturing costs as compared to other aircraft engine types. Additionally, some disadvantages such as inefficiency at very high altitudes and larger frontal area, are expected to hinder the growth of the turbofan engines market over the forecast period. Turbofan Engines Market: Regional Outlook North America is expected to be the most lucrative market for turbofan engines owing to the continuously growing demand for new technologies in airline industries and the increasing demand for efficient engines. The region is expected to register significant growth in the turbofan engines market over the forecast period. The Asia Pacific is anticipated to have significant growth in the turbofan engines market, owing to emerging economies such as China, India, and Japan. The growing population and air traffic are projected to increase the demand for fuel-efficient engines in aircraft. The increasing number of airports and the demand for new aircraft with better and efficient engines for transportation as well as travel are expected to significantly increase the demand for turbofan engines in the region. ©2015 Future Market Insights, All Rights Reserved 6
Turbofan Engines Market Furthermore, Europe is projected to have prominent growth in the turbofan engines market owing to the increasing demand for aircraft in military and commercial sectors. The Middle East and Africa region is expected to show promising growth in the turbofan engines market over the forecast period owing to the increasing air traffic and the growing airline industry in the region. Turbofan Engines Market: Market Participants Some of the market participants in the global turbofan engines market are: GE Aviation Rolls-Royce plc United Technologies Corporation - Pratt & Whitney Division CFM International ©2015 Future Market Insights, All Rights Reserved 7
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