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Aircraft Micro Turbine Market Share

Report ID: GMI12185
Published Date: Nov 2024
Report Format: PDF

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Aircraft Micro Turbine Market Share

Aircraft Micro Turbine Market Analysis, 2023

Raytheon Technologies, Honeywell International, and Kratos Defense & Security Solutions are advancing aircraft microturbine technology to enhance efficiency and performance in both commercial and defense applications. Raytheon focuses on hybrid-electric propulsion, while Honeywell integrates microturbines into auxiliary power units for improved sustainability. Kratos leverages microturbines for unmanned systems, boosting endurance and adaptability. Together, these companies are driving innovation in lightweight, high-efficiency propulsion systems, aligning with industry trends toward greener aviation and enhanced operational capabilities.

Aircraft Micro Turbine Market Companies

Major players operating in the aircraft micro turbine industry are:

AeroDesignWorks
AMT Netherlands B.V.
GE Aviation
Hawk Turbine AB
Honeywell International Inc.
JetCat GmbH
Jets-munt
Kratos Defense & Security Solutions, Inc.
PBS Group
RaytheonTechnologies Corporation
Rolls-Royce Holdings plc
Safran Group
Sentient Blue Technologies
Sierra Turbines, Inc.
Turbotech SAS
UAV Turbines, Inc.
Williams International

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for aircraft micro turbine was valued at USD 3.6 billion in 2023 and is projected to reach USD 5.9 billion by 2032, driven by a CAGR of 6.1% from 2024 to 2032.

In 2023, the auxiliary power segment held the largest market share at 64.1%, driven by the need for efficient power generation in aircraft systems.

Europe micro turbine industry held the largest market share at 38.1% in 2023, driven by stringent environmental regulations and a commitment to sustainable aviation.

Major players in the industry include AeroDesignWorks, AMT Netherlands B.V., GE Aviation, Hawk Turbine AB, Honeywell International Inc., JetCat GmbH, Jets-munt, Kratos Defense & Security Solutions, Inc., and PBS Group.