Dassault moved quickly to replace its canceled Falcon 5X business jet with the new Falcon 6X, a larger and longer-range aircraft targeted at roughly the same portion of the market that the 5X had been. In December 2017, Dassault canceled development of the 5X, and began the process of terminating its contract with Safran for the supply of Silvercrest engines to power the aircraft. At the same time, still seeing a market need for a new aircraft in this niche, Dassault announced a new, then-unnamed Falcon business jet. In February 2018, this new aircraft received the name Falcon 6X. Continue reading
Data from Forecast International’s innovative Platinum Forecast System® 3.1 show that a total of 12,282 business jets will be produced during the 15-year period from 2017 through 2031. We estimate the value of this production at $354 billion in 2017 U.S. dollars. Continue reading
This blog post briefly highlights recent Airborne Retrofit & Modernization news. The Retrofit and Modernization market forecast provides comprehensive coverage of major airframe, propulsion, electronics, and armament programs for military, commercial, and civil aircraft markets. These programs are broken down into their major component categories, including a detailed quantitative data set, buttressed by greater qualitative economic updates and analyses. More in-depth news can be found in Forecast’s E-Market Alert. To the minute R&M news can also be found via the Forecast R&M twitter account, @MBeresFI. Continue reading
Embraer has postponed service entry of its new E175-E2 regional jet by approximately one year. Originally targeted for 2020, the E175-E2 is now scheduled to enter service in 2021. The company said that, in part, the postponement is due to the inability of major airlines in the U.S. to negotiate a relaxation of scope clauses in pilot contracts. Continue reading
Although business jet production is unlikely to match the skyrocketing output seen in the mid-2000s any time soon, Forecast International’s Platinum Forecast System® shows that a total of 13,252 business jets will be produced during the 15-year period from 2016 through 2030. The value of this production is estimated at a staggering $360 billion in FY16 U.S. dollars. Continue reading
There is a curious anomaly developing in the power generation industry: While demand for electricity is rising steadily and shows no sign of leveling off, let alone declining, the number and aggregate value of large power generation gas turbine sales are actually showing a slow but steady decline. A detailed and nuanced appraisal points to a complex picture underlying this situation.
by Edward Nebinger, Forecast International.
We are pleased to present a brief summary of the latest forecast information on the world’s aviation gas turbines. This information has been derived directly from the Aviation Gas Turbine module of Forecast International’s revolutionary Platinum Forecast System® 2.0, the only one of its type worldwide. Continue reading
The U.S. Army is always on the hunt for technology that will enhance the lethality, range, and speed of engagement of its soldiers. The service’s S3I Technology R&D project aims to meet this requirement, and has made great strides as of late. FI is projecting that the Army will spend $216 million on this project over the next decade. Continue reading
by Edward Nebinger, Forecast International.
At PennWell’s PowerGen show, Forecast International introduced a new and singularly unique website. The new site, www.fi-powerweb.com, reports on and provides forecasts for all aspects of the world’s power and energy markets, with particular emphasis on gas & steam turbines, which have been a forte of the company for many years. Forecast International pioneered the development of the world’s first gas turbine forecast over 40 years ago and has since expanded its coverage to include power generation at all levels, combined-cycle (gas and steam) installations, mechanical drives for pipeline and other applications, and marine gas turbines, which are largely used for propulsion of naval surface warships. For aviation markets, FI tracks gas turbine power systems in five distinct market segments.
Best described as an umbrella-type program overseen by the U.S. Navy, the Ocean Warfighting Environment Applied Research program covers a wide variety of marginally related projects that cannot easily be fit into any one category. The importance of the work can be surmised by how much of it remains classified. The program enjoys steady funding and has an unusually high number of efforts, with the average project lasting around three years from initiation to completion.