What is Flight Propulsion Systems Market?
The flight propulsion system includes an engine and propeller or a propulsive nozzle that converts motion from an engine and generates thrust. It is responsible for the drag balance of the aircraft when it is cruising.
The market study is being classified by Type (Air Breathing Engines and Non-Air Breathing Engines), by Application (Aircraft, Spacecraft, Missiles, Unmanned Aerial Vehicle and Others) and major geographies with country level break-up.
General Electric Company (United States), United Technologies Corporation (United States), Rolls-Royce Holdings plc. (United Kingdom), Honeywell International Inc. (United States), Aerojet Rocketdyne Holdings, Inc. (United States), CFM International (United States), Safran S.A. (France), GKN Aerospace (United Kingdom), MTU Aero Engines AG (Germany) and United Engine Corporation (Russia) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Flight Propulsion Systems market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Flight Propulsion Systems market by Type, Application and Region.
On the basis of geography, the market of Flight Propulsion Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rise in the Applications of Flight Propulsion Systems for Commercial Purpose
- Increasing Demand for Long-Range Missiles
Market Trend
- Demand for Efficient Propulsion System
Restraints
- High Cost for Research and Development Activities
Opportunities
- Growing Aircraft Industry Worldwide
- Increasing Aerospace Programs by Developing Countries
Challenges
- Lack of Knowledge Transfer Platforms
Key Target Audience
Flight Propulsion Systems Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user