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Aircraft Micro Turbine Market Share
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
How big is the global aircraft micro turbine market?
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.
What was the aircraft micro turbine market share of the auxiliary power segment in 2023?
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.
How much market share did Europe hold in 2023?
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.
Who are the major players in the aircraft micro turbine industry?
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.