The Turbofan and Turbojet Aviation Engine market is projected to generate $165.9 billion in revenue during the 2005-2014 period with the production of 53,514 engines, according to Forecast International's "Turbofan and Turbojet Aviation Engine Market: 2005-2014."
"The business jet engine market is continuing its pattern of growth, buoyed by the pending arrival of the new Very Light Jets from Eclipse, Cessna, and Adam," said Aero Gas Turbine Analyst Will Alibrandi, author of the study. "Pratt & Whitney will be the major benefactor of this new class of aircraft by providing its PW600 series turbofan."
These engines, lumped into the 0-70 seat aircraft segment, will see a 50 percent increase in production over the forecast period – from 1,997 in 2005 to 3,110 in 2014.
Production of engines for 71-110 seat aircraft is also forecast to increase by 50 percent, owing to the current trend for larger-capacity regional jets. With scope clause restrictions being eased by many regional carriers, the 70-, 90- and 110-seat regional jets are becoming more popular, and these aircraft (Bombardier's CRJ700/900 and Embraer's 170/190) are powered exclusively by GE's CF34 turbofan series. A total of 232 engines are forecast to be produced in 2005, and annual totals increase steadily to 348 in 2014.
The 111+ seat segment is anticipated to decline over the forecast period, from the 1,686 engines forecast to be produced in 2005 to 1,271 engines in 2014. This is in spite of the introduction of two new transport aircraft; Boeing's new 787 and Airbus' A380.
The market for turbofan engines will be heavily weighted by demand for use on civilian aircraft over the forecast period. More than 83 percent of the turbofan engines to be produced will be destined for civilian aircraft, with the remaining 17 percent headed for application on military aircraft.
Forecast International, Inc., is a leading provider of market intelligence and analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, CT, USA, Forecast International specializes in long-range industry forecasts and market presentations, including regular 10-year forecasts. Its products are utilized by strategic planners, marketing professionals, military organizations, and governments worldwide.
