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Trusted Business Insights has published a comprehensive market research report on, “Global Aircraft Piston Engines Market by Product Type (Above 300 hp Engine, 180-300 hp Engine, under 180 hp Engine), By End-Use (Private, Education, Commercial & Military), and by Region – Global Forecast to 2029.”, which offers a holistic view of the global Aircraft Piston Engines market through systematic segmentation that covers every aspect of the target market. The global Aircraft Piston Engines market is projected to be US$ 53.7 Mn in 2019 to reach US$ 59.8 Mn by 2029 at a CAGR of 1.1%. An engine is the main power source that forces an aircraft to lift and fly in the air over the distance. A piston engine is a device for converting the heat energy of the fuel into mechanical energy by internal combustion. It is commonly known as a reciprocating engine or internal combustion engine that uses one or more reciprocating piston. Piston engine in aircraft can be found in the configuration of two cylinders inline up to eight cylinders opposed and nine-cylinder radial and also in diesel and with fuel injection system. Etienne Lenoir constructed the first piston engine that could be considered practical in France in 1860. Most of the light aircraft is powered by a piston engine, as it is an economical source of power due to low price and fuel consumption. Additionally, piston-engine aircraft are easier to operate since there don’t have separate throttle and mixture control. Moreover, the piston engine creates less noise and vibration, which gives a high degree of maneuverability. The increase in training aircraft procurement is expected to drive the aircraft piston engine market. Owing to the advantages of the fuel efficiency of the engine with a high compression ratio, high heat, and low fuel consumption, piston engine market is expected to grow considerably. Also, low maintenance and manufacturing cost related to piston engine is expected to boost the demand for aircraft piston engine market. In the past few decades, demand for aircraft has been increasing in various verticals such as passenger aircraft, cargo aircraft, and space research and technology. Globalization has significantly promoted the aircraft across the globe, which has increased the demand for aircraft piston engine market. Global Aircraft Piston Engines Market Revenue (US$ Mn), 2019–2029 However, increasing use of the jet engine and turbofan engine in aircraft due to its high efficiency, advanced compressor, and turbine disk technology power engine are expected to hamper the growth of piston engine market. Nonetheless, use of aircraft in the military sector for patrolling, drug tracking, illegal infiltration is expected to create a new opportunity for aircraft piston engine market in different vertical also opportunity in field of agriculture application for aerial application of pesticides or fertilizer and hydro seeding. Global Aircraft Piston Engines market is segmented on the basis of product type, end-use and region. On the basis of product type, the market is segmented into Above 300 hp Engine, 180-300 hp Engine, Under 180 hp Engine. The 180-300 hp Engine segment accounts for the majority share and is expected to register highest growth over forecast period, followed by Above 300 hp Engine segment. On the basis of end-use, the market is segmented into Private, Education, Commercial & Military. The Commercial segment accounts for a majority share in the global Aircraft Piston Engines market. Global Aircraft Piston Engines Market by End-Use, 2018 On the basis of region, the market is segmented into North America, Europe, APAC, South America and Middle East Africa. The North America accounts for the majority share in the global Aircraft Piston Engines market, Rise in disposable income among consumer. APAC is expected to register highest growth rate over forecast period. Regions such as Europe, South America and MEA are expected to register stable growth over the forecast period. The research report on the global Aircraft Piston Engines market includes profiles of some of major companies such as Textron Inc., Aviation Industry Corporation of China, Austro Engines, BRP Inc, Safran SA, Jabiru Aircraft Pty Ltd and Limbach Flugmotoren GmbH. Key Market Segments Type Above-300-hp Engine 180-300-hp Engine Under-180-hp Engine Application Private Usage Education Usage Commercial Usage Military Usage Others Key Market Players included in the report: Textron Inc. Aviation Industry Corporation of China Austro Engines BRP Inc Safran SA Jabiru Aircraft Pty Ltd and Limbach Flugmotoren GmbH.
Chapter 1 Global Aircraft Piston Engines Market Overview 1.1 Introduction 1.2 Taxonomy 1.3 Drivers for Global Aircraft Piston Engines Market 1.4 Restraints for Global Aircraft Piston Engines Market 1.5 Opportunities for Global Aircraft Piston Engines Market 1.6 Trends for Global Aircraft Piston Engines Market 1.7 PEST Analysis 1.8 PORTER'S Five Forces Analysis 1.9 Macro-Economic Factors 1.10 Market Share Analysis, 2019 1.11 Opportunity Map Analysis 1.11.1 Optimistic Scenario 1.11.2 Likely Scenario 1.11.3 Conservative Scenario 1.12 Opportunity Orbits 1.13 Regional Market Share and BPS Analy | read more...