Aircraft Micro Turbine Engines Market

Global Aircraft Micro Turbine Engines Market Size (2024 to 2029)

The global aircraft microturbine engines market was worth USD 35.92 billion in 2023. The global market is expected to grow at a CAGR of 11.3% from 2024 to 2029 and be valued at USD 68.28 billion by 2029 from USD 39.98 billion in 2024.

Air quality regulations imposed by various governments around the world have led most manufacturers to seek technological innovations to minimize the effect of pollutants on the surrounding environment. Few microturbine manufacturers have made advanced combustion technologies to minimize the formation of these pollutants. They ensured low levels of emissions from microturbines powered by liquid and gaseous fuels.

MARKET DRIVERS

Aircraft microturbines are considered single-shaft rotary engines, drawing their energy from a flow of micro-combustion gases. The global market for aircraft microturbine engines has seen strong growth in recent years due to the increasing use of drones to counter internal and external security threats on a global scale. Additionally, the low O&M costs and the limited range and capacity of all-electric aircraft are some of the market growth drivers.

An increasing focus on reducing carbon emissions and increased efficiency are the main factors that are expected to drive the market in the coming years. The demand for these engines is increasing dramatically due to their various advantages, such as compact size, lightness, higher efficiency, and lower emissions. This is expected to boost the aircraft microturbine market soon. One of the main factors responsible for the growth of the market is the increase in technological advancement in aircraft microturbines. The significant increase in the number of strategic partnerships and contracts is also likely to increase the demand for microturbines for aircraft soon. The increasing replacement of manned aircraft by drones in the defense sector is expected to drive growth in this segment. Ambitious national goals, rapid technological advances and international agreements have prompted countries around the world to turn to the renewable energy sector and modernize their power generation technologies. Factors like the growing number of startups, the resulting drop in UAV costs, and stiff competition are driving demand for commercial drones. Furthermore, the development of air taxis for urban air mobility is expected to drive market growth. This, in turn, is expected to increase the global market for aircraft microturbine engines during the forecast period.

MARKET RESTRAINTS

The price associated with microturbine engines is very high, which is a major limiting factor in the global aircraft micro turbine engines market. The power generation capacity of micro turbine engines is inadequate compared to conventional aircraft engines. This poses a challenge for the global market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Aircraft Micro Turbine Engines Market Analysis By Platform

The VTOL segment is expected to grow at the highest rate during the forecast period. VTOL aircraft are expected to experience increased popularity due to the demand for rapid mobility in urban areas around the world. Original equipment manufacturers are focused on developing workable solutions to increase the range of these aircraft platforms, as well as to control air vehicle emissions. With such significant developments in the aviation industry, microturbines are expected to see rapid adoption on the VTOL platform throughout the outlook period.

Global Aircraft Micro Turbine Engines Market Analysis By Engine Type

The turbojet MTE segment is expected to account for the major share of the global market during the forecast period. A micro-turbine turbojet produces thrust by expelling a stream of high-energy gas from the engine's exhaust nozzle. A turbine-driven turbine engine is optimized to produce shaft power instead of jet thrust. The use of this propulsion system is growing for light aircraft and VTOL.

Global Aircraft Micro Turbine Engines Market Analysis By Application

The unmanned aviation segment is foreseen to capture a prominent share in the aircraft microturbine engines market by 2026. Long endurance and the ability to be operated remotely by human operators or autonomously by onboard control computers are the properties of drones that fuel the demand for them in military and commercial applications. Another growth factor in this segment is the demand for faster delivery of goods in the commercial sector.

Global Aircraft Micro Turbine Engines Market Analysis By End-User

The military and defense segment is foreseen to experience the highest growth during the forecast period. This is due to the intensive use of unmanned aerial vehicles in intelligence, surveillance and reconnaissance (ISR) missions by military forces. The commercial segment is likely to record a steady increase in CAGR over the foreseen period.

REGIONAL ANALYSIS

Asia-Pacific is expected to be a key region for the global market during the forecast period. Increasing carbon emissions from augmented passenger traffic is a major driver of the growing demand for hybrid electrification in large economies such as China, India, Japan, and Australia. Asia-Pacific is expected to gain supremacy in the aircraft microturbine engines market soon, as China is likely to attract significant foreign investment due to stable growth and the strong development of the economy in recent years. On the other hand, the size of the US aircraft microturbine engines market is supposed to increase significantly by the end of the foreseen period. The aerospace and defense sector is likely to benefit from government incentives and grants.

KEY PLAYERS IN THE AIRCRAFT MICRO TURBINE ENGINES MARKET

Companies playing a notable role in the global aircraft microturbine engines market include Honeywell International Inc. (US), UAV Turbines, Inc. (US), Turbotech SAS (France), PBS Group (Czech Republic), GE Aviation (US), AMT Netherlands B.V. (Netherlands), Williams International (US), Micro Turbine Technology B.V. (Netherlands), BF-Turbines (Germany), Kratos Defense & Security Solutions, Inc. (US), Elliott Group (US), Sentient Blue Technologies (Italy), Rolls-Royce Holdings plc (US), JetCat Americas (US), JetsMunt SL (Spain), Stuttgart Engineering Propulsion Technologies UG (Germany), Lambert Microturbine (Germany), Hawk Turbine AB (Sweden), Bowman (UK), and Brayton Energy (UK), among others. Honeywell International Inc. is a publicly traded US multinational conglomerate based in Charlotte, North Carolina. Its primary businesses are aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.

RECENT HAPPENINGS IN THE GLOBAL MARKET

• In July 2020, the Advanced Research Foundation and the Russian state-backed Federal State Unitary Enterprise publicized that they had flight-tested their 3D printed MGTD-20 gas turbine engine for the first time. The engine was tested aboard a light unmanned aerial vehicle (UAV), which was launched over the Kazanbash Aviation Center in Tatarstan, about 800 kilometers east of Moscow.
• Post-Brexit, India and the UK are ready to explore various options to jointly collaborate on defense projects. Countries must finalize a government-to-government format for future defense deals. The MOU was signed in the presence of the UK Defense Procurement Minister and the Director of the Defense and Security Organization (DSO) of the UK Department for International Trade.

DETAILED SEGMENTATION OF THE GLOBAL AIRCRAFT MICRO TURBINE ENGINES MARKET INCLUDED IN THIS REPORT

This research report on the global aircraft micro turbine engines market has been segmented and sub-segmented based on engine type, application, platform, end user and region.

By Engine Type

• Turbojet MTE
• Turboshaft MTE

By Platform

• VTOL

• Air Taxi
• Cargo Aerial Vehicle (CAV)
• Business Jet
• Ultra-Light Aircraft
• Military Trainer Aircraft
• Military Unmanned Aerial Vehicles (UAV)

By Application

• Civil
• Urban Air Mobility
• Unmanned
• Military

By End-User

• Commercial
• Military & Defense

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa