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LONDON--(BUSINESS WIRE)--The commercial aircraft gas turbine engine market is expected to grow by USD 15.84 billion, progressing at a CAGR of almost 6% during the forecast period. Click & Get Free Sample Report in Minutes The advancements in engine technologies is one of the major factors propelling market growth. However, factors such as the grounding of fleet due to technical issues will hamper growth. More details: https://www.technavio.com/report/commercial-aircraft-gas-turbine-engine-market-industry-analysis Commercial Aircraft Gas Turbine Engine Market: Technology Landscape Based on technology, the turbofan segment led the market in 2019. This is due to the wide adoption of turbofan technology by commercial airliners. The market growth in the segment will be significant over the forecast period. Commercial Aircraft Gas Turbine Engine Market: Geographic Landscape By geography, APAC is expected to witness lucrative growth during the forecast period. About 53% of the markets overall growth is expected to originate from APAC. The growth of the market in APAC is driven by increased demand for narrow-body aircraft and newer and improved versions of aircraft. China and India are the key markets for commercial aircraft gas turbine engine in APAC. Market growth in this region will be faster than the growth of the market in other regions. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Related Reports on Utilities Include: Global Wind Turbine Monitoring Systems Market - Global wind turbine monitoring systems market is segmented by application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report Global Wind Turbine Gearbox Market - Global wind turbine gearbox market is segmented by type (new and replacement) and region (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report Companies Covered: What our reports offer: Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Key Topics Covered: Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Technology Market Segmentation by Type Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Global Commercial Aircraft Gas Turbine Engine Market Will Grow by Almost $ 16 Billion During 2020-2024 | Advancements in Engine Technologies to Drive Growth | Technavio