Global Aircraft Micro Turbine Engines Market Insights, Size and Growth Forecast To 2027
Global Aircraft Micro Turbine Engines market projected to drive due to its ability to run on multiple fuels and increasing efforts to reduce global greenhouse gas emissions. Global aircraft microturbine engine market size is projected to value at USD 27.8 million in 2020 and expected to reach USD 53.63 million by 2027, growing at a CAGR of 9.84 % during 2020–2027. It is owing to major OEMs and aircraft manufacturers across the world focus on the research & development to reduce operating costs and curb emission levels. Additionally, the increasing focus on the development of clean energy-based engines in aircraft will boost the growth of the global aircraft microturbine engine market. Moreover, the growing awareness around the world for the development of emission-less engines in the aviation sector and cost-effective products will trigger the demand for aircraft microturbine engines in the future periods. A micro-turbine is relatively quiet because the hig...