PARIS, June 20, 2017 (GLOBE NEWSWIRE) -- Aviation gas turbine turboshaft engine production data gleaned from Forecast International's Platinum Forecast System® 3.1 reveals that over the next 15 years, this market segment will be one of considerable proportions. During the 2017 -2031 period, manufacturers are expected to produce nearly 39,455 aviation turboshaft engines. The value of this production in 2017 dollars is $34.4 billion, at estimated list prices.
"After years of declining production in the rotorcraft market, we expect to see a turnaround begin in in 2017," said Forecast International aviation turbine analyst Douglas Royce. "Production increases will be mild in the near term and focused on the lighter end of the market where manufacturers are less dependent on demand from the energy support market."
The market for aviation turboshaft engines is being driven primarily by civil helicopter production, which is emerging from a three-year slump and is forecast to grow through the remainder of the decade. An expected downturn around 2021-2022 will be followed by significant growth well into the next decade. Production of turboshaft engines for civil applications will be worth $17.8 billion during the forecast period.
Although the military rotorcraft market is facing a downward slide throughout most of the 2017-2031 period, total production will still account for some 44 percent of aviation turboshaft engine output worth about 48 percent of the market's overall value.
In terms of value, turboshaft engine market leaders during the 2017-2031 period include Safran, Pratt & Whitney Canada and GE Aviation. Together, this international group of turbine engine manufactures will account for about 70 percent ($24.1 billion) of aviation turboshaft market value.
The Aviation Gas Turbine Turboshaft module of FI's Platinum Forecast System incorporates forecasts for every type of rotorcraft worldwide, and converts them into a demand curve for each of the engines, including installed power, plus pipeline spares in the form of whole engines or equivalent sets of components.
The Platinum Forecast System 3.1 is a breakthrough in forecasting technology that allows the selection of unique criteria to create distinct market segments. Platinum provides customized assessments that quickly identify both risk and future opportunities.
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, the company specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International also maintains a high posture of situational awareness and geopolitical analysis.
Forecast International's resources and extensive base of experience can also be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements. The company is increasingly performing proprietary consulting studies in support of the diverse markets it covers.
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