+1-786-628-7980
Sign Up/Sign In 
Leap Engine Market Overview
The global leap engine market will grow at a healthy CAGR by 2030, as per the latest Market Research Future report.
Drivers
Growing Awareness Regarding Nitrogen Oxides Emission in Aerospace Sector to Boost Market Growth
Growing awareness of nitrogen oxides (NOx) emissions in the aerospace industry and exponential development in the aerospace and defence industry are some of the driving forces fuelling the high interest in the LEAP engine market.
Free Sample Report @ https://www.marketresearchfuture.com/sample_request/10831
Key Players
Eminent market players profiled in the global leap engine market report include CFM International, GE Aviation, and Safran Aircraft Engines.
COVID-19 Analysis
The emergence of COVID-19 possessed a negative impact on consumers of the global LEAP engine market. As a result of the decrease in the import of raw materials and the subsequent production of the LEAP engine components in the markets of various economies, supply shortages occurred in the LEAP engine market.
Opportunities
Burgeoning Demand for Fuel-Efficient Engines to offer Lucrative Opportunities
Increasing demands for fuel-efficient engines, especially in the aerospace industry, as well as engines contribute to the minimization of CO2 emissions, leading to the demand for LEAP engines. Because aircraft equipped with LEAP engines have seen a 15% reduction in fuel consumption & CO2 emissions and up to a 50% reduction in NOx emissions.
Restraints and Challenges
Increasing Rate of Backlog to act as Market Restraint
The increasing rate of backlog to clear old orders may act as a market restraint over the forecast period. It is expected that there has been an increase in the percentage of backlog among the stepper motor manufacturers to meet the demand of their customers.
Full Report @ https://www.marketresearchfuture.com/reports/leap-engine-market-10831
Market Segmentation
The global leap engine market is bifurcated based on engine type.
By engine type, the market is classified into LEAP 1C, LEAP 1B, and Leap 1A.
Regional Analysis
North America to Command Leap Engine Market
North America is expected to be the largest jump motor market for LEAP engines during the assessment period. The regional market’s growth is driven primarily by high demand for products from US-based players. Around 10,000 aircraft are expected to be in service in the region by 2035, which should create additional opportunities for players operating in the North American LEAP engine market. In addition, rising revenue from airlines based in the region will fuel market growth.
Europe to Have Favourable Growth in Leap Engine Market
In Europe, regional market growth is mainly driven by Great Britain, Germany, France & Italy. In 2017, there was about approximate 5,000 aircraft in the region; the number is expected to reach more than 8,000 fleets by 2035. However, the COVID-19 pandemic has curtailed passenger air transport in the region and airlines have witnessed significant losses in 2020. European airlines are expected to lose $76 billion in passenger revenue in 2020 due to travel restrictions due to the spread of COVID-19. Several regional airlines also collapsed due to reduced bookings. Although with better healthcare facilities, government support and credit options available, the situation is expected to improve over time. The aerospace supply chain business in Europe is gearing up for a recovery. With the increase in the number of aircraft and the increasing demand for single-aisle aircraft, there is likely to be an increased requirement for LEAP engines.
Related Reports
Commercial Aircraft Windows and Windshield Market Research Report Information By Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft), By Material Type (Glass And Polycarbonate), By Application (OEM and Aftermarket), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030.
Aerostat Systems Market Research Report By Product Type (Hybrid, Airship, Balloon), By Class (Large-Sized, Medium-Sized, and Compact Size), By Payload (Camera, Infrared Sensor, Electronic Intelligence, Navigation System, and Communication Intelligence) and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Market Forecast Till 2030.
Aerospace and Defense Telemetry Market Report by Equipment (Data Acquisition Unit, Telemetry Transmitters, Flight Termination Receivers, and Other Equipment), by Application (Aircraft, Spacecraft, UAVs, and Others), and by Region Forecast to 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide.
Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients.
Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
