|By PR Newswire||
|March 12, 2014 01:00 AM EDT||
DUBLIN, March 12, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5rpxx2/global_commercial) have announced the addition of the "Global Commercial Aircrafts Gas Turbine Engine Market - Forecasts to 2016" report to their offering.
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One of the main trends witnessed in the Global Commercial Aircraft Gas Turbine Engine market is the rise in demand for fuel-efficient aircraft engines. ATF accounted for a large part of the overall operating cost of airlines. Airlines can generate more revenue by using commercial aircraft gas turbine engines that consume less ATF. Therefore, the demand for fuel-efficient engines is increasing.
According to the report, one of the main factors driving the market is the rise in demand for low-cost carriers (LCC). The rise of LCCs has resulted in a considerable increase in the overall passenger traffic, which is driving the market for commercial gas turbine engines. With the business model of running an LCC being successful, numerous airlines are looking at the prospect of launching their own LCCs for short haul flights.
Further, the report states that one of the main challenges is the increase in stringent regulations and certification processes. Engine manufacturers face strict regulations introduced by aviation regulatory agencies such as the Federal Aviation Administration and European Aviation Safety Agency. In addition, the presence of stringent certification processes discourages new players to enter the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Rolls Royce plc and Engine Alliance LLC.
Key Topics Covered:
1. Executive Summary
3. Market Research Methodology
4. Scope of the Report
5. Market Landscape
6. Geographical Segmentation
7. Vendor Landscape
8. Buying Criteria
9. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Key Vendor Analysis
15. Other Reports in this Series
- CFM International Inc.
- GE Aviation
- International Aero Engines AG
- Pratt & Whitney Inc.
- Rolls Royce plc and Engine Alliance LLC.
For more information visit http://www.researchandmarkets.com/research/5rpxx2/global_commercial
Media Contact: Laura Wood, +353-1-481-1716, [email protected]