Delvens published a new research publication on "Aircraft Micro Turbine Engines Market Insights, to 2028" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Aircraft Micro Turbine Engines market was mainly driven by the increasing R&D spending across the world.
The Aircraft Micro Turbine Engines market size is projected to reach a CAGR of 10.3% to 2028.
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Micro Turbine engine is a new generation technology that is used for stationary energy generation. Micro turbine is a class of combustion turbines that produces both heat and electricity on a small scale. These are similar to jet engine but produces electricity instead of thrust. The most recent development in the sector is drones propulsion. This has open new doors for the application in military.
Key Players of Aircraft Micro Turbine Engines Market:
· AeroDesignWorks GmbH
· Elliott Company
· General Electric Company
· Honeywell International Inc.
· Kratos Defense & Security Solutions, Inc.
· Micro Turbine Technology B.V.
· PBS Group. a.s.
· Sentient Blue Technologies
· Turbotech SAS
· Williams International and More
The advantages over the conventional engine along with the low operational and maintenance cost along with the reduced emission are some of the factors that have supported long-term expansion for Aircraft Micro Turbine Market.
Recent Developments
In July 2020, Russian state along with the Advanced research foundation has completed their testing of first ever 3D printed MGDT-20 gas turbine.
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Regional Analysis
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the environmental concerns regarding the carbon emission.
Aircraft Micro Turbine Engines Market is segmented into End-Use, Engine Type, Platform, Horsepower, Fuel Type, Application and region.
On the basis of Platform
· VTOL
· Air Taxi
· Cargo Aerial Vehicle
· Business Jet
· Ultra-Light Aircraft
· Military Trainer Aircraft
· Military UAV
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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