Future of Aircraft Micro Turbine Engines Industry Through 2030

The Global Aircraft Micro Turbine Engines Market Size was valued at USD 2.8 billion in 2021 and is estimated to reach USD 4.5 billion by 2030, growing at a CAGR of 5.5% during the forecast period. The Aircraft Micro Turbine Engines Industry exhibits lucrative growth potential during the forecast period primarily due to the inherent operational benefits of micro turbine engines, including low operating and maintenance costs of micro turbine engines and the introduction of new generation hybrid architecture in aircraft. Nevertheless, the emergence of hybrid electric power generation technology and the development of distributed power generation systems are anticipated to open several growth opportunities for aircraft micro turbine engine manufacturers during the forecast period.
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