Aircraft Engine Market : Global Opportunities & Forecast (2016-2021) Global Aircraft Engine Market Opportunities & Fore | Page 2

will help the market for aircraft engines to grow at a substantial rate during the
forecast period.
Turbofan engine segment is expected to grow at the highest growth rate during
the forecast period owing to the increased demand for fuel efficient engines by
the airliners worldwide. On the basis of application, commercial segment is
projected to be the fastest growing segment due to the rise in the passenger
traffic globally, which inturn has made airlines to procure new aircrafts.
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Asia-Pacific is expected to grow at the highest rate during the forecast market.
The key factors fuelling the growth of the said market in the Asia-Pacific region
is the increasing in passenger traffic and rise in the number of low cost carriers.
China and India are the key countries in the region. On the other hand, North
America accounted for the largest share in aircraft engine market with United
States being the major country in the region.
This research report on aircraft engine market provides in-depth analysis of the
global market based on type, application, platform and major geographies for the
period from 2016 to 2021. The report highlights the major market drivers pushing
the growth and challenges faced by market participants. The research report
provides market size and forecast for aircraft engine market. The report also
analyses the competitive landscape and the major player and their market share
in 2016. The competitive landscape section of the report also captures and
highlights the recent development in the market.
The report also profiles the major companies active in this field, including
General Electric Co., CFM International SA, Rolls-Royce Holdings PLC., United