By submitting this form, you are agreeing to the Terms of Use and Privacy Policy.
.
The turbofan engine market is dominated by a few largely Western, competitors. In order of market share, these are General Electric, Rolls-Royce, Pratt and Whitney.
CFM International is a joint venture between General Electric and Safran of France. Pratt & Whitney also has an International Aero Engines joint venture with Japanese Aeroengine Corporation and MTU Aero Engines of Germany.
Engine Alliance is a joint venture between Pratt & Whitney and General Electric that sells engines for airplanes such as the Airbus 380. Others in the aviation engine manufacturing industry include Honeywell Aerospace, as well as Russian and Chinese firms.
The vast majority of engine manufacturers provide engines for both civil and military aircraft.
The accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
General Electric (GE.N) and Safran (SAF.PA) of France have announced plans to test-build an open-bladed jet engine capable of reducing fuel consumption and emissions , as they extend their historic CFM International joint venture by a decade .
The “RISE” engine, which is positioned as a possible successor to the “LEAP” variant used on the Boeing 737 MAX and certain Airbus A320 neo, will have an open-rotor design with visible fan blades and might reach service .
The hybrid-electric propulsion system will be capable of running on 100 percent sustainable fuel or hydrogen, an energy source preferred by Airbus (AIR.PA) for future projects.
The development of next-generation turbogenerator technology, on which compact engines to power hybrid-electric aircraft would be based, was announced by Rolls-Royce.
With its scalable design, the new turbogenerator technology Rolls-Royce is developing will be able to meet power requirements of 500 to 1200 kW. Its turbogenerators can be utilised to either directly power propellers or recharge batteries after takeoff.
They’ll be the industry’s top supplier of all-electric and hybrid-electric propulsion and power systems for advanced air mobility, and they’ll gradually expand this technology up to larger platforms.
We are considering providing our customers with the full range of sustainable solutions as part of our overall business plan. By using their turbogenerator technology, electric flight can cover longer journeys. As a result, more passengers will be able to fly farther on low- to net-emissions aircraft, advancing hybrid-electric flight.
After the corporation purchased Siemens’ electric and hybrid-electric aerospace propulsion operations in 2019, Rolls-Royce Electrical was established. The company is already collaborating with Tecnam of Italy on the P-Volt, an all-electric variant of the P2012 commuter.
To create designs for an electric regional aeroplane, it also collaborates with Embraer and the Norwegian carrier Wideroe. King Air-sized commercial aircraft might also employ its latest turbogenerators.