Aircraft and Marine Turbochargers Market Outlook and Industry Forecast to 2023

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According to the new market research report the
Aircraft and Marine Turbochargers Market is
projected to grow from USD 270 million in 2018
to USD 290 million by 2023, at a Compound Annual
Growth Rate (CAGR) of 1.41 during the forecast
period. The major factors driving the growth of
the aircraft
and marine turbochargers increasing
market include
demand for fuel-efficient aircraft engines and
flourishing maritime tourism across the
globe. Download PDF Brochure _at_ https//www.markets
andmarkets.com/pdfdownloadNew.asp?id80540891 The
shaft component segment of the aircraft and
marine turbochargers market is projected to grow
at the highest CAGR during the forecast
period. Based on component, the aircraft and
marine turbochargers market has been segmented
into compressor, turbine, shaft, and others. The
shaft segment of the market is projected to grow
at the highest CAGR from 2018 to 2023. Shafts are
considered to be the most critical and costly
part of aircraft and marine turbochargers. Based
on platform, the UAV segment of the aircraft and
marine turbochargers market is projected to grow
at the highest CAGR during the forecast
period. The UAV segment of the market is
projected to grow at the highest CAGR from 2018
to 2023. The UAV segment has been further
classified into tactical UAV, strategic UAV, and
special purpose UAV. The market for strategic
UAVs is projected to grow during the forecast
period due to their increased demand across the
globe, owing to their compact and efficient
engines. The European region is projected to lead
the aircraft and marine turbochargers market
during the forecast period. The European region
is estimated to account for the largest share of
the aircraft and marine turbochargers market in
2018. The growth of the Europe aircraft and
marine turbochargers market can be attributed to
the presence of a large number of turbocharger
manufacturers in the region that include PBS
Velka Bites (the Czech Republic), Rolls-Royce
(UK), and ABB (Switzerland), among others. The
aircraft and their components industries in the
European region are aiming to use new and
advanced materials such as glass-fibers, advanced
composites, and metallic materials for
manufacturing turbochargers. The growth of the
maritime sector in the region is one of the most
significant factors contributing to the rising
demand for marine turbochargers in the region.
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Key Market Players Major vendors in the aircraft
and marine turbochargers market include are
Hartzell Engine Technologies (US), PBS Velka
Bites (the Czech Republic), Rolls-Royce (UK),
Mitsubishi Heavy Industries (Japan), Main Turbo
Systems (US), ABB (Switzerland), Cummins (US),
Kawasaki Heavy Industries (Japan), and MAN Energy
Solutions (Germany). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id80540891 About MarketsandMarkets Mark
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