The global aircraft microturbine engine market is estimated to reach USD 2.17 billion by 2030, growing at a CAGR of 5.4 % from 2022 to 2030 and valued at USD 1.35 billion in 2022.
The micro gas turbine can be called AC Turbine Micro Turbine. Microturbines are energy generators whose capacity ranges from 15 to 300 kW. Their basic principle comes from open-cycle gas turbines. However, they present several typical features, such as variable speed, high-speed operation, compact size, simple operability, easy installation, low maintenance, air bearings, and low NOX emissions. Aircraft microturbine engines are less complex and easier to maintain than reciprocating engines, and they can operate for up to 2,000 hours longer than comparable powerplants. The micro gas turbine engine accepts a variety of fuels, such as gasoline, natural gas, propane, diesel, and kerosene, and can also use renewable fuels, such as E85 alcohol gasoline, biodiesel, and biogas.
The primary factors are major OEMs and aircraft manufacturers focusing on engine developments that reduce carbon emissions and increase efficiency. Additionally, the growing demand for advanced electric power generation systems for aircraft to curb emission levels and reduce operating costs is estimated to drive the growth of global aircraft microturbine engines in the future. Moreover, the surge in demand for aircraft engines, which helps reduce fuel burn, will spur the growth of the aircraft microturbine engine industry.
Aircraft microturbine engines can adapt to several different clean energy fuel sources, such as natural gas and hydrogen. Additionally, the demand for sustainable and clean energy sources is becoming more important for applications in various environments. Further, the emergence of hybrid electric power generation technology and the development of a distributed power generation system will trigger the robust growth of the global aircraft microturbine engine. The micro-turbine engine is rapidly developing as a new propulsion power device that can be used for various drones and micro and small missiles. The auxiliary power device is an important part of the large aircraft power system and has a significant market value. Also, the ongoing research activities around the world about developing aircraft microturbine engines, like hybrid and fully electric aircraft, will foster the growth of the global aircraft microturbine engine industry.
Based on the platform, the global aircraft microturbine engines market is classified into VTOL, Air Taxi, Business Jet, Cargo Aerial Vehicle, Ultra-Light Aircraft, Military Trainer Aircraft, and Military UAV. The VTOL segment anticipated gaining maximum revenue in the aircraft microturbine engines market 2030. It is attributable to the demand for quick mobility in urban regions worldwide and focusing on developing sustainable solutions to increase the reach of such aircraft platforms and control emissions from aerial vehicles.
Military UAVs will be the fastest-growing segment in the forecast period. This is owing to various governments focusing on developing cost-effective and emission-free UAVs in the military.
Based on horsepower, the global aircraft microturbine engines market is segregated into 5–50 HP, 50–100 HP, and 100–200 HP. The 50–100 HP will dominate the aircraft microturbine engines market by 2030. It is primarily attributed to the fact that it is widely used in air taxis, military trainer aircraft, and military UAVs.
The 5–50 HP will grow with a lucrative growth rate in the forecast period. It is because it is used in small aerial vehicles to enhance power generation capacity.
Based on engine type, the global aircraft microturbine engines market is divided into turbojet microturbine engines and turboshaft microturbine engines. The turbojet microturbine engines segment will hold higher market potential by 2030. It is owing to it is used for high-speed UAV applications and propulsion of turboprop drones.
Turboshaft microturbine engines will grow significantly during the forecast period. This is due to the growing demand for turboshafts in aerial cargo vehicles, business jets, and ultra-light aircraft.
Based on fuel type, the global aircraft microturbine engines market is segregated into kerosene, diesel, jet-a, biofuel, and synthetic fuel. The biofuel segment will generate maximum revenue by 2030. This is due to the huge demand for minimizing natural resources and biofuel providing low carbon monoxide and carbon dioxide emissions.
Based on the application, the global aircraft microturbine engines market is categorized into Civil Aviation, Urban Air Mobility (UAM), Unmanned Aircraft, and Military Aviation. Urban Air Mobility segment will capture a higher market share by 2030 owing to the surge in demand for hybrid-electric propulsion that can support the take-off of UAM from and land on any suitable surface in the development stage.
The global aircraft microturbine engines market is segregated into OEM and Aftermarket based on end-user. The OEM segment will generate maximum revenue by 2030. The large aircraft manufacturers are working on developing an emission-free, cost-effective engine.
Based on geography, the global Aircraft Micro Turbine Engines market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounts for a significant share by 2030 in the aircraft microturbine engines market. The growth in the region can be attributed to the presence of major players and huge investments in the development of electric or hybrid-electric aircraft in these regions.
The Asia Pacific is projected to provide significant growth opportunities due to the growing passenger traffic in these regions and the increased demand for hybrid electrification in aircraft engines.
Companies such as Honeywell International Inc., UAV Turbines, Inc., Turbotech SAS, PBS Group, GE Aviation, AMT Netherlands B.V., Williams International, Micro Turbine Technology B.V., BF-Turbines, Kratos Defense & Security Solutions, Inc., Elliott Group, Sentient Blue Technologies, Rolls-Royce Holdings plc, JetCat Americas, JetsMunt SL, Stuttgart Engineering Propulsion Technologies UG, Lambert Microturbine, Hawk Turbine AB, Bowman, and Brayton Energy are the key players in the global aircraft microturbine engines market.
Key Stakeholders
By Platform
By Horsepower
By Engine Type
By Fuel Type
By Application
By End-Use
By Region
Global Aircraft Micro Turbine Engines Market
Microturbines are energy generators whose capacity ranges from 15 to 300 kW. Their basic principle comes from open-cycle gas turbines.
The global aircraft microturbine engine market is growing at a CAGR of 5.4% during the forecast period of 2022-2030.
Companies such as Honeywell International Inc., UAV Turbines, Inc., Turbotech SAS, PBS Group, GE Aviation, AMT Netherlands B.V., Williams International, Micro Turbine Technology B.V., BF-Turbines, Kratos Defense & Security Solutions, Inc., Elliott Group, Sentient Blue Technologies, Rolls-Royce Holdings plc, JetCat Americas, JetsMunt SL, Stuttgart Engineering Propulsion Technologies UG, Lambert Microturbine, Hawk Turbine AB, Bowman, and Brayton Energy are the key players in the global aircraft microturbine engines market.
The Asia Pacific is projected to provide significant growth opportunities.
The global aircraft microturbine engine market size is projected to be valued at USD 1.35 Billion in 2022 and is expected to reach USD 2.17 Billion by 2030.
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