The engine is the power plant of an aircraft which, along with producing the main thrust, also suffices for the main power requirements of the aircraft. Aircraft engines are either gas turbine driven or lightweight piston engines, except for small Unmanned Aerial Vehicles (UAVs) or generally referred to as drones. Pratt & Whitney (P&W), and Safran S.A. are the major engine manufacturers for narrow-body or single-aisle planes, while, Rolls-Royce and General Electric (GE) Aviation are the prime engine manufacturers and providers for wide-body planes.
Increase in Demand for Narrow body Engines
Narrow body planes such as the Airbus A320 and the Boeing 737 are in huge demand owing to the versatility and efficiency that allow airline operators make profit flying the planes on an increasing number of routes. With such huge demand for narrow-body planes, the engine manufacturers are enthusiastic regarding the ever-growing opportunities. PurePower 1000G from Pratt & Whitney and the Safran-GE combination of LEAP and CFM56 engines are used to power single-aisle aircraft like the Airbus A320 and the Boeing 737 and 737 Max. Rolls-Royce is putting its effort to reenter the narrow body segment which it had deserted few years ago. Further down, the CFM56-5B is the most accepted engine for the A320 family owing to its simple and rugged architecture which offers it the highest durability, reparability, and reliability in its class. Moreover, the CFM56-7B is the engine of choice for the Boeing Next-Generation narrow body airliner. In recent days, more than 8,000 CFM56-7B engines are equipped on 737 aircraft, thereby making it the most favored engine in commercial aviation.
Outsource/Third Party Maintenance sector for Aero Engines
Moving forward, today, practice of outsourcing has gained widespread acceptance. While some airline operators perform in-house maintenance tasks, the third-party maintenance sector is witnessing rapid growth. According to smaller startup airlines, contracting maintenance is much attractive because keeping a fully-staffed, fully-equipped maintenance department is quite often infeasible or even inefficient for them. As the maintenance and engineering activity is a highly profitable market, Boeing has initiated its ‘Global Services’ to retrieve margins on its maintenance, repair, and overhaul (MRO) services while Airbus announced its partnership with Thai Airways International and has made a huge investment in an MRO center based in Thailand.
Total Addressable Market and Engine Outsource Market
The total addressable market (global revenue) for aircraft engine and engine components is USD XX billion in 2018 and is expected to reach USD XX billion by 2023, growing at a CAGR of XX% during the projection period. Similarly, the total addressable aircraft engine outsource market was USD XX billion in 2017. The growth in engine outsource market is expected to be on the higher side due to the ramp ups for the production opportunity in the models for Airbus A350-1000, Boeing 777X, 787-10, COMAC C919, XX, XX, and others. The support from the Engineering Service Providers is expected to be at higher side due to the increasing Avionics capabilities by Boeing during the forecast period.
Research & Development (R&D) Spend
The expenditure involved in R&D activities which includes engineering expenditure, MRO (Manufacturing, Repair and Overhaul), manufacturing engineering for the major aircraft providers will be USD XX billion by 2023, growing at a CAGR of XX%. By Research discipline the Mechanical system holds the highest market share. The Embedded & Software System is expected to gain a significant market share by 2020.
Outsourcing
Outsourcing functions associated with a commercial aircraft engine:
Where they Outsource?
The major outsourcing deals come from the Indian, Americans and European companies.
Manufacturers
Model
Outsourced Work
Service Provider
Boeing
777X
Engine Software
XX
Airbus
A330 Neo
Mechanical Systems
Rolls Royce
Safran
Rockwell
GECAS
Stella
Thales
Insights
In the last 2 years, the competition among different aircraft engine manufacturers has been growing immensely in the manufacturing engineering activities. Moreover, nowadays, OEMs are moving towards more environment-friendly models like Boeing and Airbus gradually investing in these initiatives indicate their intentions. Furthermore, Boeing has its plan to perform manufacturing processes in-house rather than outsourcing. However, it can be still expected that the testing, inspection, and certification methods will be outsourced by Boeing to XX due to their significant capabilities. Moving forward, most of the civil and military aircraft are equipped with power and electrical systems provided by Safran. Moreover, some of the bracket design works and testing works are outsourced by Safran to a billion-dollar IT company.
Download full report: https://www.sheeranalyticsandinsights.com/market-report-research/aircraft-engine-outsourcing-market-21
Download report sample: https://www.sheeranalyticsandinsights.com/request-sample/2/1/203/5
Questions answered in the aircraft engine outsource market research report:
Our Other Top Selling Reports:
Global Aircraft Exhaust System Market (By Aircraft Types- Passenger, Cargo Helicopters, Amphibious and Others. By Engine Types-Turbojet, Turboprop, Turboshaft and Turbofan. By Application- Defence and Military, Commercial, Private and Others)– Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2025: https://www.sheeranalyticsandinsights.com/market-report-research/global-aircraft-exhaust-system-market-21
Global Automotive Cybersecurity Market (By Vehilcle Type- Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles. By Solution- Hardware-based, Software-based, and Professional-based. By Security- Application, Cloud, Endpoint, Network, and Wireless. By Application- Communication, Infotainment, On Board Diagnostics, Safety, Telematics, and others.) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025: https://www.sheeranalyticsandinsights.com/market-report-research/global-automotive-cybersecurity-market-21
About Sheer Analytics and Insights Private Limited
Sheer Analytics and Insights Pvt. Ltd. is among the leading market research organizations providing the best B2B researches on various niches. Currently servicing 2000+ clients worldwide, our analysts and marketing team are continually tracking global markets having high growth prospect.
Contact info
Registered office: RDB Boulevard, 8th Floor, Plot K 1, Sector 5, Block EP and GP, Kolkata 700091, India.
Contact Number: +913346009199
Copyright © 2018 Sheer Analytics and Insights
All Rights Reserved. This document contains highly confidential information and is the sole property of the Company. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of the company.
Media ContactCompany Name: Sheer Analytics and Insights Private LimitedContact Person: Ayan B.Email: Send EmailPhone: +91-33-46009199Address:8th floor, RDB Boulevard, Block EP and GP Sector 5 salt lake Kolkata IndiaCity: KolkataState: West BengalCountry: IndiaWebsite: www.sheeranalyticsandinsights.com