Turbofan Engines Market Global Outlook on Rising Demand and Trends - 2028

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Turbofan Engines Market

• April 2020

Report Id REP-GB-8400 Status
Ongoing Category Automation Transportation
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Research Methodology (1/2)

• Systematic Research Approach

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Turbofan Engines Market

• Turbofan Engines Market 2018 Global Analysis,
  Research, Review, Applications and Forecast to
  2028
• Turbofan Engines Market Introduction
• Turbofan engines are the modern variant of basic
  gas turbine engines. In turbofan engines, the
  core of the engine is surrounded by a fan placed
  in the front of the engine and an additional
  turbine placed at the rear. The fan turbine and
  fans are composed of many blades and an
  additional shaft is connected to them. This type
  of design is called a two-spool engine. Some of
  the advanced turbofan engines have more spools
  for greater efficiency.
• Additionally, turbofan engines have various
  advantages over other engines such as turbojet
  and turboprop engines. Turbojet engines are
  comparatively more efficient and the operation is
  quieter than other engines. Due to these
  advantages, turbofan engines are used in various
  aircraft. In the commercial segment, turbofan
  engines are used in transportation aircraft and
  business jets. In the military segment, turbofan
  engines are used in fighter jets and
  transportation aircraft.
• However, turbofan engines also have some
  disadvantages. They are heavier than turbojet
  engines and have a larger frontal area.
  Additionally, turbofan engines are not efficient
  at very high altitudes.

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Turbofan Engines Market

• Turbofan Engines Market Dynamics
• The growing urbanization and increasing global
  passenger traffic need a faster and more
  comfortable way to travel. In order to fulfill
  this need, the airline industry is continuously
  growing at a significant rate. Additionally, the
  growing transportation sector also needs a faster
  way to transport goods. Air transportation is the
  most efficient method. The growing airline
  industry is increasing the demand for new
  technologies and fuel-efficient engines. This
  factor is expected to drive the turbofan engines
  market at a significant rate over the forecast
  period.
• Furthermore, in the military sector, the demand
  for next-generation engines and improved
  technologies is increasing which is expected to
  increase the demand for turbofan engines over the
  forecast period.
• However, turbofan engines have high manufacturing
  costs as compared to other aircraft engine types.
  Additionally, some disadvantages such as
  inefficiency at very high altitudes and larger
  frontal area, are expected to hinder the growth
  of the turbofan engines market over the forecast
  period.
• Browse the full "Turbofan Engines Market Global
  Industry Analysis 2013 - 2017 and Opportunity
  Assessment 2018 2028 market research report
  at https//www.futuremarketinsights.com/reports/t
  urbofan-engines-market

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Turbofan Engines Market

• However, turbofan engines have high manufacturing
  costs as compared to other aircraft engine types.
  Additionally, some disadvantages such as
  inefficiency at very high altitudes and larger
  frontal area, are expected to hinder the growth
  of the turbofan engines market over the forecast
  period.
• Turbofan Engines Market Regional Outlook
• North America is expected to be the most
  lucrative market for turbofan engines owing to
  the continuously growing demand for new
  technologies in airline industries and the
  increasing demand for efficient engines. The
  region is expected to register significant growth
  in the turbofan engines market over the forecast
  period. The Asia Pacific is anticipated to have
  significant growth in the turbofan engines
  market, owing to emerging economies such as
  China, India, and Japan. The growing population
  and air traffic are projected to increase the
  demand for fuel-efficient engines in aircraft.
  The increasing number of airports and the demand
  for new aircraft with better and efficient
  engines for transportation as well as travel are
  expected to significantly increase the demand for
  turbofan engines in the region.

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Turbofan Engines Market

• Furthermore, Europe is projected to have
  prominent growth in the turbofan engines market
  owing to the increasing demand for aircraft in
  military and commercial sectors. The Middle East
  and Africa region is expected to show promising
  growth in the turbofan engines market over the
  forecast period owing to the increasing air
  traffic and the growing airline industry in the
  region.
• Turbofan Engines Market Market Participants
• Some of the market participants in the global
  turbofan engines market are
• GE Aviation
• Rolls-Royce plc
• United Technologies Corporation - Pratt Whitney
  Division
• CFM International

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