by
According to the Foreclaro Global Research, the
Global
Aircraft Engine Market size was valued at USD 81498.2 million in 2024. The report “Global
Aircraft Engine Market Segmentation By Type (Voluntary Aircraft
Engines, Compliance Aircraft Engines), By Project Type (Avoidance/Reduction
Projects {Renewable Energy, Energy Efficiency, Methane Capture, Industrial Gas
Capture}, Removal/Sequestration Projects {Afforestation/Reforestation, Soil
Carbon Sequestration, Biochar, Direct Air Capture, Blue Carbon (Coastal
Ecosystems)}), By End User (Corporates {Oil & Gas, Manufacturing, Technology,
Retail & Consumer Goods}, Governments & Municipalities, Financial
Institutions, Individuals, Aviation)- Industry Trends and Forecast to 2033” gives a detailed insight into current market
dynamics and provides analysis on future market growth.
The global aircraft engine market is witnessing
robust growth driven by rising air travel demand, increasing fleet
modernization, and advancements in propulsion technologies. Aircraft engines,
essential for powering commercial, military, and business aircraft, are
evolving rapidly with a focus on fuel efficiency, emission reduction, and
performance optimization. Major players such as GE Aerospace, Rolls-Royce,
Pratt & Whitney, and Safran are leading innovation through next-generation
turbofan, hybrid-electric, and hydrogen-based engines. The market is also
benefiting from rising investments in sustainable aviation fuels (SAF) and
digital engine monitoring solutions. Furthermore, growth in aircraft leasing
and maintenance, repair, and overhaul (MRO) services is creating additional
opportunities. However, challenges such as high manufacturing costs, supply
chain disruptions, and stringent emission regulations continue to impact
production timelines. Overall, technological progress and sustainability
initiatives are expected to propel the aircraft engine market toward long-term
expansion.
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Global Aircraft
Engine Market Report Highlights
· Turbofan
engines dominate the market, driven by their widespread use in commercial
aviation due to superior fuel efficiency and reduced noise emissions.
· The
commercial aviation segment holds the largest share, supported by increasing
passenger traffic and fleet expansion by airlines worldwide.
· Technological
advancements such as hybrid-electric propulsion, hydrogen-powered systems, and
digital engine monitoring are reshaping the market landscape.
· North
America leads the global market, while Asia-Pacific is expected to record the
fastest growth owing to rising air travel demand and regional aircraft
production.
· Strategic
partnerships, acquisitions, and sustainability initiatives by major players
like GE Aerospace, Rolls-Royce, Pratt & Whitney, and Safran are driving
innovation and competitive advantage.
Foreclaro
Global Research has segmented the Aircraft Engine Market report based on Engine
Type, Aircraft Type, Platform, Components, and region:
Aircraft
Engine Market, Engine Type Outlook (Revenue - USD Million, 2020 - 2033)
Turbofan
Turboprop
Turboshaft
Piston
Engine
Aircraft
Engine Market, Aircraft Type Outlook (Revenue - USD Million, 2020 - 2033)
Commercial
Aviation
·
Narrow-Body
Aircraft
·
Wide-Body
Aircraft
·
Regional
Jets
Military
Aviation
·
Fighter
Jets
·
Transport
Aircraft
·
Helicopters
·
Trainer
Aircraft
General
Aviation
·
Business
Jets
·
Piston-engine
Aircraft
·
Helicopters
Aircraft
Engine Market, Platform Outlook (Revenue - USD Million, 2020 - 2033)
Fixed-Wing
Aircraft
Rotary-Wing
Aircraft
Aircraft
Engine Market, Components Outlook (Revenue - USD Million, 2020 - 2033)
Compressor
Turbine
Combustor
Nozzle
Engine
Control System (FADEC)
Aircraft
Engine Market, Regional Outlook (Revenue - USD Million, 2020 - 2033)
North
America
·
United
States
·
Canada
·
Mexico
Europe
·
United
Kingdom
·
Germany
·
France
·
Spain
·
Italy
·
Rest
of Europe
Asia
Pacific
·
China
·
India
·
Japan
·
Australia
·
South
Korea
·
Rest
of Asia Pacific
Latin
America
·
Brazil
·
Argentina
·
Rest
of Latin America
Middle East
& Africa
·
Saudi
Arabia
·
South
Africa
·
Rest
of MEA
Global Aircraft Engine Market Key Players
·
Advanced Atomization Technologies Inc.
·
Enjet Aero
·
Engine Alliance
·
Safran Group
·
Pratt & Whitney
·
Rolls-Royce
·
MTU Aero Engines AG
·
CFM International
·
General Electric Company
·
ITP Aero
