Market Forecast
Global Aircraft and Marine Turbochargers Market are projected to be valued at USD 348.74 Million by 2026, registering a CAGR of 2.6% between 2019 and 2026. The increasing demand for new aircraft is primarily driving the growth of the market. Furthermore, the growth in the maritime tourism industry is driving the growth of the market.
Market USP
Increasing need to improve engine performance and efficiency.
Growth Opportunities in the Market
The Marine Segment Accounted for the Largest Market Share in 2019: The marine segmentaccounted for the largest market share and is expected to register a high CAGR during the review period. The growing seaborne trade and maritime tourism is expected to increase the demand for new ships globally. This is expected to drive the growth of this segment.
The UAV segment is expected to record the highest growth during the forecast period. The increasing use of UAVs in military tactical missions is expected to drive the growth of the market.
The Compressor Segment Is Expected to Register the Highest Growth in the Market: The compressor segment is expected to record the highest CAGR in the component segment during the review period. The increasing development of high-performance compressors is expected to boost the demand for turbocharges.
The Single Turbo Segment Accounted for the Largest Market Share in 2019: The single turbo segment is expected to record the highest CAGR during the forecast period from 2019 to 2026. There has been a significant increase in the demand for new aircraft for civil aviation over the last few years. Moreover, the increasing demand for new vessels is expected to increase the requirement for advanced turbochargers.
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Key Players:
• ABB (Switzerland)
• Cummins (US)
• General Electric (US)
• Hartzell Engine Technologies (US)
• Kawasaki Heavy Industries (Japan)
• Main Turbo Systems (US)
• Mitsubishi Heavy Industries (Japan)
• PBS Velka Bites (The Czech Republic)
• Rolls-Royce (UK)
• Textron Inc. (US)
Other Prominent Players:
• Continental Motors Group (US)
• Jrone Turbocharger (China)
• Lycoming Engines (US)
• Man Energy Solutions (Germany)
