More Information @ http://bit.ly/2D9USkk Technological upgradations are focused to reduce leakages. Moreover, structural improvement in capacitor technology provides growth opportunity for manufacturers.

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Aero Turbofan Engine Market Analysis, Trends, Growth and
Forecast To 2024

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 Industry players focus on improving the product performance to conform to the
stringent emission regulations. Players are consistently working on developing
requisite technologies to improve product efficiency. Increasing research activities
may open new growth opportunities for the manufacturers over the forecast
timeframe.
 Technological innovations are driving the product acceptance across the aviation
industry over the projected time span. Incorporation of geared turbofan concept in
the basic form will minimize thrust specific fuel consumption, fan blade tip speed,
and overall product weight. Airbus, Mitsubishi, Irkut, Bombardier, and Embraer are
few industry participants who have chosen the geared turbofan for their short &
medium haul aircraft and new regional jet planes.
Aero Turbofan Engine Industry Background

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 Aero Turbofan Engine Market mainly driven by aircraft such as light fighters,
business jets, single aisle transports, heavy jet transports, and trainer aircrafts.
Increasing air traffic due to growth in tourism, rising middle class population,
and high living standards significantly contributes industry demand over the
forecast timeline.
 The International Civil Aviation Organization (ICAO) has mandated
manufacturers to reduce harmful emissions which makes the manufactures to
spend heavily on R&D to enhance aircraft technology. For instance,
manufacturers are developing enhanced planetary gearboxes that will be
incorporated on main shafts of the engine. These gearboxes will enhance
product performance thereby complying to pollution standards. Advancements
in the engine parts will enhance the industry size over the projected time span.
Aero Turbofan Engine System Industry Overview

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 Electrification of primary power in the aircrafts is gaining interest owing to
intrinsic limitations of turbofan technology. Electric products offer light weight,
compact, modular unit, easy control, minimal maintenance, ease of integration,
low noise level, reduced operating costs, and designed with inherent
robustness. Targeted applications include flight training and air taxi for private
pilots. This may negatively affect the aero turbofan engine market share over
the next eight years.
Aero Turbofan Engine Industry By Application

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 Asia Pacific aero turbofan engine market size is estimated to be the fastest
growing region owing to emerging economies such as India and China. For
instance, in December 2016, China powered up its military jet engines
technology to wean itself off from Russia imports. Advancements in product
design, radar systems, and home-grown turbofan technology showcased that
the country is no more reliant on Russian products for next generation of fighter
planes. In addition, India introduced Hindustan Turbofan Engine 25 (HTFE-25)
in Aero India-2017 that will be ready for first flight by 2018. This was pitched
and designed to power business jets and trainer aircrafts in the twin engine
configuration.
Aero Turbofan Engine Industry By Region

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 Global industry players are Safran Aircraft Engines, General Electric, Honda
Aero, Lufthansa, IHI Corporation, MTU Aero Engines, Pratt & Whitney, CFM
International, UEC PERM Engines, Rolls-Royce Holdings PLC, and Honeywell
International Inc.
 Manufacturers are focusing on enhancing the product performance and
conforming to stringent environmental norms. For instance, in November 2014,
Honda Aero announced production launch of HF120 turbofan engine in its
North Carolina manufacturing facility. Industry participants are engaged in
mergers and acquisitions to combine production, research activities, and
aviation expertise of the two companies.
Competitive Aero Turbofan Engine Industry Share

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