logo

Global Aircraft Micro Turbine Market Size (2024 - 2029)

The aircraft micro turbine engines market is poised for significant expansion, driven by the increasing adoption of unmanned aerial vehicles and small aircraft. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions and raw material shortages, the market has rebounded strongly, supported by rising investments and demand for drones. The compact and efficient design of micro turbines, which utilize a variety of fuels and offer advantages like lower emissions and the ability to use waste fuels, contributes to their growing application in the aviation sector.

Home Market Analysis Aerospace & Defense Research Aircraft Parts Research Aircraft Engine Research Aircraft Engine Components Research Micro Turbine Generator System Market Market Size

Market Size of Global Aircraft Micro Turbine Industry

Aircraft Micro Turbine Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR > 18.00 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration High

Major Players

Aircraft Micro Turbine Market Major Players

*Disclaimer: Major Players sorted in no particular order

Aircraft Micro Turbine Market Analysis

The aircraft microturbine market is expected to grow with a CAGR of more than 18% during the forecast period.

The global aviation sector has witnessed significant challenges due to the COVID-19 pandemic. Factors such as the implementation of strict lockdown measures, supply chain disruptions, and raw material shortages hinder market growth during the pandemic. The sector has strongly recovered post covid with increasing investments and rising demand for drones for various applications.

An aircraft micro turbine is a small-sized combustion turbine that uses micro combustion to offer cogeneration to utilize heat and electricity at the same time. These are compact in size and utilize a variety of fuels with enhanced efficiency. The microturbine consists of one set of turbine blades and a set of compressor blades. Growing applications of micro turbines for unmanned aerial vehicles and small aircraft are the major factor driving the growth of the market.

The technology provides numerous advantages compared to other technologies for small-scale power generation with a lesser number of moving parts, lightweight, higher efficiencies, capability to utilize waste fuels, and lower emissions. The size of a refrigerator in microturbines has outputs of 25 kW to 500 kW. Most microturbines are comprised of a combustor, compressor, turbine, alternator, recuperator, and generator. Thus, the rising use of unmanned aerial vehicles and small aircraft boosts the growth of the market.

Aircraft Micro Turbine Industry Segmentation

Microturbine engines are a hybrid power source for small unmanned aerial vehicles and VTOLs. It is used for stationary energy generation applications. These are the combustion turbine that produces both heat and electricity on a relatively small scale.

The aircraft microturbine market is segmented based on engine type, end-user, distribution channel, and geography. By engine type, the market is segmented into turboshaft, turboprop, and turbojet. By end user, the market is segmented into commercial and military. By distribution channel, the market is classified as OEM and aftermarket. The market sizing and forecasts have been provided in value (USD million).

Engine Type
Turboshft
Turboprop
Turbojet
End User
Commercial
Military
Distribution Channel
OEM
Aftermarket
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Israel
South Africa
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Global Aircraft Micro Turbine Market Size Summary

The aircraft microturbine engines market is poised for substantial growth, driven by the increasing demand for unmanned aerial vehicles and small aircraft. These compact engines, known for their efficiency and versatility in fuel usage, are becoming integral in the aviation sector, particularly for military and commercial applications. The technology's advantages, such as reduced moving parts, lightweight design, and lower emissions, make it a preferred choice for small-scale power generation. The market is witnessing a surge in interest due to the recovery of the aviation industry post-COVID-19, with rising investments and advancements in drone technology. The turbojet segment is expected to lead the market, fueled by its high-speed capabilities and the growing need for efficient power sources in aircraft engines.

Europe is a significant player in the aircraft microturbine market, with a strong focus on developing low-carbon emission solutions and high-power systems. The region's demand for unmanned aerial vehicles, both for military and commercial purposes, is driving market expansion. The increase in private jet usage post-pandemic further propels the market, as evidenced by the rise in private flights across major European cities. The market is characterized by a few dominant players, including Raytheon Technologies Corporation, Honeywell International Inc., and Safran SA, who are actively engaged in advancing microturbine technology. These companies are focusing on high-performance components and hybrid-electric propulsion systems to enhance fuel efficiency and reduce emissions, aligning with the industry's shift towards sustainable aviation solutions.

Explore More

Global Aircraft Micro Turbine Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Engine Type

      1. 2.1.1 Turboshft

      2. 2.1.2 Turboprop

      3. 2.1.3 Turbojet

    2. 2.2 End User

      1. 2.2.1 Commercial

      2. 2.2.2 Military

    3. 2.3 Distribution Channel

      1. 2.3.1 OEM

      2. 2.3.2 Aftermarket

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Russia

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia Pacific

        1. 2.4.3.1 India

        2. 2.4.3.2 China

        3. 2.4.3.3 Japan

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia Pacific

      4. 2.4.4 Latin America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Rest of Latin America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Israel

        4. 2.4.5.4 South Africa

        5. 2.4.5.5 Rest of Middle East and Africa

Global Aircraft Micro Turbine Market Size FAQs

The Global Aircraft Micro Turbine Market is projected to register a CAGR of greater than 18% during the forecast period (2024-2029)

Raytheon Technologies Corporation, Safran SA, Honeywell International Inc., Kratos Defense & Security Solutions Inc. and UAV Turbine Inc. are the major companies operating in the Global Aircraft Micro Turbine Market.

Aircraft Micro Turbine Engines Market Report Snapshots

Aircraft Micro Turbine Engines Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)