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Aircraft Micro Turbine Market Trends

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

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Aircraft Micro Turbine Market Trends

The aircraft micro turbine industry is growing significantly due to key trends in the aviation sector. A primary driver is the increasing emphasis on sustainability and environmental responsibility. Stricter emissions regulations from governments and regulatory bodies are pushing manufacturers to explore alternative propulsion technologies with reduced carbon footprints. Micro turbines, capable of efficiently operating on various fuels including sustainable aviation fuels and hydrogen, are well-suited to meet these requirements. Technological advancements in turbine design and materials are also improving the efficiency and performance of micro turbines, enhancing their competitiveness against traditional engines.

For instance, In February 2023, GE Marine and Hindustan Aeronautics Limited (HAL) signed a Memorandum of Understanding to enhance HAL's capabilities for the LM500 marine gas turbine. HAL has been providing assembly, inspection, and testing services for the LM2500 since 1986. The LM2500 is a widely used turbine derived from aircraft engines. This collaboration and HAL's expertise benefit the aircraft turbine through shared technologies and manufacturing practices.

The emergence of urban air mobility (UAM) and electric vertical take-off and landing (eVTOL) aircraft represents another significant trend. As cities seek to alleviate congestion and enhance transportation options, UAM solutions are gaining traction. Micro turbines are becoming essential components in hybrid-electric systems for eVTOL aircraft, providing the necessary power and range while maintaining low emissions. Additionally, the expanding use of unmanned aerial vehicles (UAVs) for applications such as logistics and surveillance are creating further demand for micro turbine technology. This combination of sustainability initiatives, technological progress, and new market opportunities is driving substantial investment and development in the aircraft micro turbine industry.

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.