Jet Engines Market : Industry Insights, Outlook and Forecast upto 2025
Jet engines are internal combustion reaction engines used to power aircraft and rockets. These engines work on the jet propulsion principle, which creates thrust by forcing hot exhaust gases out of a narrow nozzle. This creates lift in airplanes and rockets. Several types of jet engines such as turbojets, ramjets, pulsejets, turbofan, and turboprop are available in the market. These jet engines are used to power civil aircraft, cargo aircraft, military aircraft, and rockets. Rise in air traffic and improvement in standard of living in developing countries such as India, China, and Brazil are anticipated to boost the demand for new aircraft. This is estimated to directly propel the demand for jet engines during the forecast period. On the downside, aviation jet engines emit 2% to 2.5% of the total greenhouse gases globally. This number is projected to rise at a rate of 3.5% to 4% year-on-year due to the increase in air traffic and commute. The International Civil Aviation Organization (ICAO) has enacted several air pollution and safety norms that are mandatory for aircraft and jet engine manufacturers. The governing body has implemented the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) to lower emissions caused by civil and cargo aircraft. Obtain Report Details @ http://www.transparencymarketresearch.com/jet-engines-market.html Based on technology, the jet engines market can be segmented into turbojet engine, turbofan engine, turboprop engine, pulsejet engine, and others. Each type of the engine works on a different technology and has different airflow, combustion, and components for its operation. A jet engine is suitable for different applications. Each engine operates at different rotational and aircraft speeds. Aircraft designed to travel at supersonic speeds usually are mounted with turbofan or turbojet engines. However, turbojet engines have the highest thrust and hence are used for aircraft that travel at mach 4 speed. In terms of application, the jet engines market can be divided into commercial/civilian and military. The commercial and civilian category is a lucrative market primarily due to the sheer volume of the aircraft, while military applications require specific and niche development programs.