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Aircraft Micro Turbine Market Size

Report ID: GMI12185 Published Date: November 2024Report Format: PDF
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Aircraft Micro Turbine Market Size

The global aircraft micro turbine market was valued at USD 3.6 billion in 2023 and is estimated to grow at a CAGR of 6.1% from 2024 to 2032.

 

Aircraft Micro Turbine Market

 The aviation industry's increasing focus on reducing operational costs and environmental impact is driving demand for fuel-efficient technologies. Micro turbines offer a lightweight and efficient alternative to traditional propulsion systems, making them suitable for various aircraft applications. Their ability to use multiple fuel types enhances their appeal, aligning with global efforts to reduce carbon emissions. Airlines and manufacturers face pressure to adopt environmentally friendly technologies, and micro turbines can contribute to meeting these sustainability goals while maintaining performance.

For instance, In January 2024, Turbotech and Safran successfully tested the first hydrogen-fueled gas turbine engine aimed at the light aviation market. Conducted at ArianeGroup’s facility in Vernon, France, the tests are part of the BeautHyFuel project, which seeks to explore hydrogen propulsion solutions for light airplanes. Supported by the French Civil Aviation Authority as part of a post-Covid stimulus program, the project is led by Turbotech and Elixir Aircraft, in collaboration with Safran, Air Liquide, and Daher. It builds on ArianeGroup’s extensive experience with hydrogen propulsion from its work on the Ariane rocket.

Recent advancements in materials science and engineering have improved micro turbine efficiency and performance. Innovations such as ceramic matrix composites and advanced manufacturing techniques, including 3D printing, enable the creation of more durable and lighter turbine components. These advancements enhance turbine durability and efficiency while reducing production costs. The integration of digital technologies, such as IoT and AI, into turbine systems, allows real-time monitoring and optimization, further increasing interest and investment in micro turbine technology. For instance, In June 2023, Rolls-Royce announced that its new small gas turbine, designed for hybrid-electric flight, is set to begin testing. This engine is part of a turbogenerator system aimed at Advanced Air Mobility, which includes electric vertical take-off and landing (eVTOL) aircraft for urban air mobility and commuter applications for up to 19 seats.

Author: Suraj Gujar, Deeksha Vishwakarma
Frequently Asked Question(FAQ) :

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.

Aircraft Micro Turbine Market Scope

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