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 a reciprocating engine, and it is capable of operating 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, kerosene, and can also use renewable fuels, such as E85 alcohol gasoline, biodiesel, and biogas.
Global aircraft micro turbine engine market size is projected to value at USD 27.8 million in 2020 and expected to reach USD 53.63 million by 2027, growing at a CAGR of 9.84 % during 2020–2027. The primary factors are major OEMs, and aircraft manufacturers are focusing on developments of engines that reducing carbon emissions and increasing efficiency. Additionally, the growing demand for advanced electric power generation systems for aircraft to curb emission levels and reduce operating costs are estimated to drive the growth of the global aircraft microturbine engines in the future periods. Moreover, the surge in demand for aircraft engines, which helps in reducing 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 are 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 a new propulsion power device, which 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 the development of 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 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 by 2027. It is attributable to the demand for quick mobility in urban regions across the world and focusing on developing sustainable solutions to increase the reach of such aircraft platforms and control emissions from aerial vehicles.
Military UAV will be the fastest-growing segment in the forecast period. It is owing to various governments focusing on the development of cost-effective and emission-free UAVs in the military.
Based on horsepower, the global aircraft microturbine engines market segregated into 5–50 HP, 50–100 HP, and 100–200 HP. The 50–100 HP projected to dominate the aircraft microturbine engines market by 2027. It is primarily attributed to it is widely used in the air taxi, military trainer aircraft, and military UAV.
The 5–50 HP will grow with a lucrative growth rate in the forecast period. It is due to it is used in small aerial vehicles for enhancing power generation capacity.
Based on engine type, the global aircraft microturbine engines market bifurcates into Turbojet Micro Turbine Engines and Turboshaft Micro Turbine Engines. Turbojet Micro Turbine Engines segment will hold higher market potential by 2027. It is owing to it is used for high-speed UAV applications and propulsion of turboprop drones.
Turboshaft Micro Turbine Engines will grow at a significant rate during the forecast period. It is due to the growing demand for turboshaft in an aerial cargo vehicle, business jet, ultra-light aircraft.
Based on fuel type, the global aircraft microturbine engines market segregated into kerosene, diesel, jet-a, biofuel, and synthetic fuel. The biofuel segment will generate maximum revenue by 2027. It is owing to the huge demand for minimizing natural resources along with biofuel provide low emission of carbon monoxide and carbon dioxide.
Based on the application, the global aircraft microturbine engines market categorized into Civil Aviation, Urban Air Mobility (Uam), Unmanned Aircraft, and Military Aviation. Urban Air Mobility segment will capture a higher market share by 2027 owing to the surge in demand for hybrid-electric propulsion that can support in the take-off of UAM from and land on any suitable surface are in the development stage.
Based on end-user, the global aircraft microturbine engines market segregated into OEM and Aftermarket. The OEM segment will generate maximum revenue by 2027. It is on account of the large aircraft manufacturers working on the development of emission-free engine and cost-effective.
Based on geography, the global Aircraft Micro Turbine Engines market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounts for a significant share by 2027 in the aircraft microturbine engines market. The growth in the region can be attributed to the presence of major players and huge investments for 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, along with 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.
By Engine Type
By Fuel Type