Global Military Aviation Turbofan Engine Manufacturers Annual Strategy Dossier Report 2021: Strategic Focus and Key Strategies & Plans Being Contemplated & Pursued by the Top 4 Manufacturers

Dublin, May 05, 2021 (GLOBE NEWSWIRE) -- The "Annual Strategy Dossier - 2021 - Gobal Top 4 Military Aviation Turbofan Engine Manufacturers - Rolls Royce, Pratt & Whitney, GE Aviation, Safran" report has been added to ResearchAndMarkets.com's offering.

The report provides a comprehensive analysis of the strategic focus and key strategies & plans being contemplated & pursued by the Global Top 4 military aviation turbofan engine manufacturers for the near to medium term horizon.

The Global Military Aircraft Turbofan Engines market has been on a strong growth trajectory propelled by an unprecedented resurgence witnessed in defense spending over the recent years driven by the rapid evolution of geopolitical dynamics & equations with a major shake-up & whittling down of the traditional, rule-based world order with a militarily ascending China and a resurgent Russia.

The Global Defense spending has been on a major upswing led by the return to great power competition amongst leading geopolitical powers spearheaded by the R&D led technological evolution. The realignment of U.S. defense spending focus on competing with near peer adversaries and maintaining its traditional overmatch over adversaries has accelerated the pace of replacement of ageing equipment marked by the award of several new defense contract awards over the recent years which remain a key focus area for the industry given their strategic nature, scale as well as scope & long term horizon.

The rapid development of the B-21 Raider LRSB program apart from the contract awards for the T-7 Red Hawk Trainer and the MQ-25 Stingray UAS programs are prime examples & hallmark of this defense renaissance with many upcoming defense programs still in the offing, especially, the big ticket JMR-FVL program geared towards development of next generation rotorcrafts for the U.S. defense forces.

Defense spending has been on a sustained growth trajectory in the EU as well over recent years with steady increases witnessed in defense budgets across France, Germany and the U.K. auguring well for the joint Franco-German defense programs going forward with the European Aerospace & Defense industry witnessing a growing trend towards pursuit of joint defense development programs.

The developmental efforts on the sixth generation combat aircraft programs in Europe have been led by the Dassault-Airbus team on the Franco-German joint FCAS program apart from the U.K. which has been actively pursuing the ambitious, Tempest fighter aircraft program. The U.S. efforts on the 6th gen fighter have been led by the NGAD program.

Report Excerpts:

The engine manufacturers have geared up their global industrial base to ramp up production to meet this growing global demand for military aircrafts, led by combat jets, with technological evolution, changes in threat perception and with many parts & regions of the world currently embroiled in political instability, unrest as well as conflict. The defense business has assumed even more significance for the engine manufacturers as of late following the decimation of commercial aviation by the outbreak of COVID-19.