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Aircraft Engine Market
| Status : Published | Published On : Mar, 2024 | Report Code : VRAD12025 | Industry : Aerospace and Defense | Available Format :
|
Page : 192 |
Global Aircraft Engine Market – Analysis and Forecast (2025-2030)
Industry Insight By Engine Type(Turbofan, Turboprop, Turboshaft and Piston), By Component (Compressor, Turbine, Gear Box, Exhaust, Nozzle and Fuel System), By Platform Type (Fixed Wing, Rotary Wing and Unmanned Aerial Vehicle - UAV), By Technology Type (Conventional and Hybrid), By End-User (Commercial, Military and General Aviation) and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East And Africa)
Industry Overview
The Global Aircraft Engine Market is projected to grow from USD 73.4 billion in 2023 to USD 112 billion in 2030 at a CAGR of 7.9% during the forecast period from 2025 to 2030.
Increase in the commercial aircraft operations are likely to drive the aircraft engine market in coming years. Pandemic of 2020 has a severe impact on the aviation industry as some of the Airliners faced a financial crisis due to deficiency in passenger demand. The market has been recovered after 2022. Replacement services plays important role in the growth of Aircraft Engine Market. Furthermore, the expansion plans of armed forces, airlines, aircraft and charter operators are expected to boost the growth of this market during the forecast period. Many companies are investing in research and development of new engine models utilizing the latest technologies, like additive manufacturing and composite technologies. Nevertheless, factors affecting the market's growth are the increasing concerns over the failure of aircraft engines during operation and delays in deliveries.
Market Segmentation
Insight by Engine Type
On the basis of engine type, the Aircraft Engine Market is segmented into turbofan, turboprop, turboshaft, and piston. Turbofan segment is likely to dominate the market with a higher CAGR during the forecast period due to its capability of flying at the higher altitude compared to other engines.
Insight by Component
The Aircraft Engine Market is segmented into compressor, turbine, gear box, exhaust, nozzle and fuel system based on the component type. Turbine segment dominated the market due to the increasing investment in research and development of fuel efficient aircraft turbines.
Insight by Platform Type
On the basis of platform type, Aircraft Engine Market is further classified into fixed wing, rotary wing and unmanned aerial vehicle (UAV). The UAV wing shall dominate the market because of their ability to reduce costs, enhance efficiency and improve safety.
Insight by Technology
Based on technology, Aircraft Engine Market is segmented into conventional and hybrid. The conventional segment shall dominate the market as it has significant share over the forecast period.
Insight by End-user Type
Based on the end-user type, the Aircraft Engine Market is segregated into commercial, military and general aviation. The commercial aviation segment dominated the market during the forecast period. Number of passengers are adopting airlines for their transportation which is the key factor driving the segment growth.
Global Aircraft Engine Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 73.4 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 112 Billion |
|
Growth Rate |
7.9% |
|
Segments Covered in the Report |
By Engine Type, By Component, By Platform Type, By Technology Type and By End-User |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Latin America, Middle East And Africa |
Industry Dynamics
Growth Drivers
The demand for new generation engines with low emissions and lower weight, which will enhance aircraft fuel efficiency plays a vital role in the growth of the Aircraft Engines Market. Rising aviation passenger traffic will add upon the expansion of the aircraft engine market over the forecast period. Various airlines are updating their fleets with the help of new aircraft to satisfy the demand for more seats in the air, which increases the need for new engines. Businesses are gradually using 3D printing technology in aircraft engines to save cost spent on fuel and materials.
Restraints
High maintenance cost of aircraft engines is the major constraint which is hampering the forecasted development of the aircraft engine market. Steps in the maintenance of aviation engines include cleaning and drying jet engine parts, examination of the interiors and exteriors, disassembling the engine, repairing and replacing any damaged parts and lastly reassembly and testing the engine. Multiple tools and innovative techniques, like robots are used to support skilled inspectors throughout the process. As a consequence, aircraft engines market is restrained by the high expense of engine maintenance.
Geographic Overview
-
North America
-
Europe
-
Asia Pacific (APAC)
-
Latin America
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Middle East and Africa
The Asia Pacific is expected to dominate the aircraft engine market as it is growing at the fastest rate over the forecast period. The increase in demand for domestic air travel in emerging economies such as India and China is attributing the growth in the region. Furthermore, countries are increasing their investments to strengthen their aerial capabilities by replacing their outdated aircraft and buying cutting-edge aircraft. Following the fleet modernization plans shall probably increase the demand for light weight and fuel efficient motors in the coming years.
Competitive Insights
GE Aerospace is a manufacturer of engines. GE Aerospace's commercial engines are designed today to be 40% more fuel efficient compared to engines made in the 1970s. All GE Aerospace engines can operate on approved Sustainable Aviation Fuel (SAF) and have been successfully tested with 100% SAF that doesn’t require blending with conventional jet fuel.
Pratt & Whitney has the ideal engine model for virtually any application with a product portfolio spanning the entire business aviation market, . With more than one in three business jets powered by Pratt & Whitney engines, these companies are the industry standard for proven, dependable and trusted engines.
Key Players Covered in the Report
Major key players in the AIrcraft engine market include General Electric Company (US), Pratt & Whitney (US), Rolls Royce (UK), Honeywell International Inc (US), Textron Inc. (US), IHI Corp., Mitsubishi Heavy Industries Aero Engines Ltd, MTU Aero Engine (Germany), IAE International Aero Engines AG (US), Raytheon Technologies Corporation (US), Boeing (US), United Technologies Corporation (US), Extron Inc. (US), Hindustan Aeronautics Limited (India), Rostec
Recent developments by Key Players
GE Aerospace, an engine manufacturer has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to manufacture fighter jet engines for the indegienous Light Combat Aircraft (LCA). The agreement includes the potential joint production of GE Aerospace’s F414 engines in India, and GE Aerospace shall continue to work with the U.S. government to receive the necessary export authorization for this. The effort is part of the Indian Air Force’s (IAF) LCA Mk2 programme.
US-based engine maker Pratt & Whitney (PW) has established a research & development (R&D) centre in Bengaluru 'to accelerate innovation and drive digital and business transformation' for its global operations.
The global Aircraft Engine Market report offers a comprehensive market segmentation analysis along with the estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Engine Type
- Turbofan
- Turboprop
- Turboshaft
- Piston
- By Component
- Compressor
- Turbine
- Gear Box
- Exhaust
- Nozzle
- Fuel System
- By Platform Type
- Fixed wing
- Rotary wing
- Unmanned Aerial Vehicle (UAV)
- By End-user Type
- Commercial
- Military
- General Aviation
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- South Korea
- India
- Australia
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- Turkey
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
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Source: VynZ Research
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Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Engine Type
1.2.2. By Component
1.2.3. By Platform Type
1.2.4. By Technology Type
1.2.4. By End-User
1.2.5. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Engine Type
5.1.1. Turbofan
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Turboprop
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Turboshaft
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.1.4. Piston
5.1.4.1. Market Definition
5.1.4.2. Market Estimation and Forecast to 2030
5.2. By Component
5.2.1. Compressor
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Turbine
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Gear Box
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.2.4. Exhaust
5.2.4.1. Market Definition
5.2.4.2. Market Estimation and Forecast to 2030
5.2.5. Nozzle
5.2.5.1. Market Definition
5.2.5.2. Market Estimation and Forecast to 2030
5.2.6. Fuel System
5.2.6.1. Market Definition
5.2.6.2. Market Estimation and Forecast to 2030
5.3. By Platform Type
5.3.1. Fixed Wing
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Rotary Wing
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Unmanned Aerial Vehicle - UAV
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.4 By Technology Type
5.4.1. Conventional
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
5.4.2. Hybrid
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
5.4 By End-User
5.4.1. Commercial
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
5.4.2. Military
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
5.4.2. General Aviation
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Engine Type
6.2. By Component
6.3. By Platform Type
6.4. By Technology Type
6.5. By End-User
6.6. By Country
6.6.1. U.S. Market Estimate and Forecast
6.6.2. Canada Market Estimate and Forecast
6.6.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Engine Type
7.2. By Component
7.3. By Platform Type
7.4 By Technology Type
7.5. By End-User
7.6. By Country
7.6.1. Germany Market Estimate and Forecast
7.6.2. France Market Estimate and Forecast
7.6.3. U.K. Market Estimate and Forecast
7.6.4. Italy Market Estimate and Forecast
7.6.5. Spain Market Estimate and Forecast
7.6.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Engine Type
8.2. By Component
8.3. By Platform Type
8.4 By Technology Type
8.5. By End-User
8.6. By Country
8.6.1. China Market Estimate and Forecast
8.6.2. Japan Market Estimate and Forecast
8.6.3. India Market Estimate and Forecast
8.6.4. South Korea Market Estimate and Forecast
8.6.5. Singapore Market Estimate and Forecast
8.6.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Engine Type
9.2. By Component
9.3. By Platform Type
9.4. By Technology Type
9.5. By End-User
9.6. By Country
9.6.1. Brazil Market Estimate and Forecast
9.6.2. Saudi Arabia Market Estimate and Forecast
9.6.3. South Africa Market Estimate and Forecast
9.6.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. General Electric Company (US)
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. Pratt & Whitney (US)
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. Rolls Royce (UK)
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Honeywell International Inc (US)
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Textron Inc. (US)
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. IHI Corp.
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Mitsubishi Heavy Industries Aero Engines Ltd
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. MTU Aero Engine (Germany)
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. IAE International Aero Engines AG (US)
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. Raytheon Technologies Corporation (US)
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
10.11. Boeing (US)
10.11.1. Snapshot
10.11.2. Overview
10.11.3. Offerings
10.11.4. Financial Insight
10.11.5. Recent Developments
10.12. United Technologies Corporation (US)
10.12.1. Snapshot
10.12.2. Overview
10.12.3. Offerings
10.12.4. Financial Insight
10.12.5. Recent Developments
10.13. Extron Inc. (US)
10.13.1. Snapshot
10.13.2. Overview
10.13.3. Offerings
10.13.4. Financial Insight
10.13.5. Recent Developments
10.14. Hindustan Aeronautics Limited (India)
10.14.1. Snapshot
10.14.2. Overview
10.14.3. Offerings
10.14.4. Financial Insight
10.14.5. Recent Developments
10.15. Rostec
10.15.1. Snapshot
10.15.2. Overview
10.15.3. Offerings
10.15.4. Financial Insight
10.15.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Engine Types
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Aircraft Engine Market Size, by Engine Type, 2018-2023 (USD Billion)
Table 5 Global Aircraft Engine Market Size, by Engine Type, 2025-2030 (USD Billion)
Table 6 Global Aircraft Engine Market Size, by Component, 2018-2023 (USD Billion)
Table 7 Global Aircraft Engine Market Size, by Component, 2025-2030 (USD Billion)
Table 8 Global Aircraft Engine Market Size, by Platform , 2018-2023 (USD Billion)
Table 9 Global Aircraft Engine Market Size, by Platform , 2025-2030 (USD Billion)
Table 8 Global Aircraft Engine Market Size, by Technology Type Size, 2018-2023 (USD Billion)
Table 9 Global Aircraft Engine Market Size, by Technology Type Size, 2025-2030 (USD Billion)
Table 10 Global Aircraft Engine Market Size, by End-user, 2018-2023 (USD Billion)
Table 11Global Aircraft Engine Market Size, by End-user, 2025-2030 (USD Billion)
Table 12 Global Aircraft Engine Market Size, by Region, 2018-2023 (USD Billion)
Table 13 Global Aircraft Engine Market Size, by Region, 2025-2030 (USD Billion)
Table 14 North America Aircraft Engine Market Size, by Engine Type, 2018-2023 (USD Billion)
Table 15 North America Aircraft Engine Market Size, by Engine Type, 2025-2030 (USD Billion)
Table 16 North America Aircraft Engine Market Size, by Component, 2018-2023 (USD Billion)
Table 17 North America Aircraft Engine Market Size, by Component, 2025-2030 (USD Billion)
Table 18 North America Aircraft Engine Market Size, by Platform , 2018-2023 (USD Billion)
Table 19 North America Aircraft Engine Market Size, by Platform , 2025-2030 (USD Billion)
Table 20 North America Aircraft Engine Market Size, by Technology Type Size, 2018-2023 (USD Billion)
Table 21 North America Aircraft Engine Market Size, by Technology Type Size, 2025-2030 (USD Billion)
Table 22 North America Aircraft Engine Market Size, by End-user, 2018-2023 (USD Billion)
Table 23 North America Aircraft Engine Market Size, by End-user, 2025-2030 (USD Billion)
Table 24 North America Aircraft Engine Market Size, by Country, 2018-2023 (USD Billion)
Table 25 North America Aircraft Engine Market Size, by Country, 2025-2030 (USD Billion)
Table 26 Europe Aircraft Engine Market Size, by Engine Type, 2018-2023 (USD Billion)
Table 27 Europe Aircraft Engine Market Size, by Engine Type, 2025-2030 (USD Billion)
Table 28 Europe Aircraft Engine Market Size, by Component, 2018-2023 (USD Billion)
Table 29 Europe Aircraft Engine Market Size, by Component, 2025-2030 (USD Billion)
Table 30 Europe Aircraft Engine Market Size, by Platform , 2018-2023 (USD Billion)
Table 31 Europe Aircraft Engine Market Size, by Platform , 2025-2030 (USD Billion)
Table 32 Europe Aircraft Engine Market Size, by Technology Type Size, 2018-2023 (USD Billion)
Table 33 Europe Aircraft Engine Market Size, by Technology Type Size, 2025-2030 (USD Billion)
Table 34 Europe Aircraft Engine Market Size, by End-user, 2018-2023 (USD Billion)
Table 35 Europe Aircraft Engine Market Size, by End-user, 2025-2030 (USD Billion)
Table 36 Europe Aircraft Engine Market Size, by Country, 2018-2023 (USD Billion)
Table 37 Europe Aircraft Engine Market Size, by Country, 2025-2030 (USD Billion)
Table 38 Asia-Pacific Aircraft Engine Market Size, by Engine Type, 2018-2023 (USD Billion)
Table 39 Asia-Pacific Aircraft Engine Market Size, by Engine Type, 2025-2030 (USD Billion)
Table 40 Asia-Pacific Aircraft Engine Market Size, by Component, 2018-2023 (USD Billion)
Table 41 Asia-Pacific Aircraft Engine Market Size, by Component, 2025-2030 (USD Billion)
Table 42 Asia-Pacific Aircraft Engine Market Size, by Platform , 2018-2023 (USD Billion)
Table 43 Asia-Pacific Aircraft Engine Market Size, by Platform , 2025-2030 (USD Billion)
Table 44 Europe Aircraft Engine Market Size, by Technology Type Size, 2018-2023 (USD Billion)
Table 45 Europe Aircraft Engine Market Size, by Technology Type Size, 2025-2030 (USD Billion)
Table 46 Europe Aircraft Engine Market Size, by End-user, 2018-2023 (USD Billion)
Table 47 Europe Aircraft Engine Market Size, by End-user, 2025-2030 (USD Billion)
Table 48 Asia-Pacific Aircraft Engine Market Size, by Country, 2018-2023 (USD Billion)
Table 49 Asia-Pacific Aircraft Engine Market Size, by Country, 2025-2030 (USD Billion)
Table 50 RoW Aircraft Engine Market Size, by Engine Type, 2018-2023 (USD Billion)
Table 51 RoW Aircraft Engine Market Size, by Engine Type, 2025-2030 (USD Billion)
Table 52 RoW Aircraft Engine Market Size, by Component, 2018-2023 (USD Billion)
Table 53 RoW Aircraft Engine Market Size, by Component, 2025-2030 (USD Billion)
Table 54 RoW Aircraft Engine Market Size, by Platform , 2018-2023 (USD Billion)
Table 55 RoW Aircraft Engine Market Size, by Platform , 2025-2030 (USD Billion)
Table 56 RoW Aircraft Engine Market Size, by Technology Type Size, 2018-2023 (USD Billion)
Table 57 RoW Aircraft Engine Market Size, by Technology Type Size, 2025-2030 (USD Billion)
Table 58 RoW Aircraft Engine Market Size, by End-user, 2018-2023 (USD Billion)
Table 59 RoW Aircraft Engine Market Size, by End-user, 2025-2030 (USD Billion)
Table 60 RoW Aircraft Engine Market Size, by Country, 2018-2023 (USD Billion)
Table 61 RoW Aircraft Engine Market Size, by Country, 2025-2030 (USD Billion)
Table 62 Snapshot – General Electric Company (US)
Table 63 Snapshot – Pratt & Whitney (US)
Table 64 Snapshot – Rolls Royce (UK)
Table 65 Snapshot – Honeywell International Inc (US)
Table 66 Snapshot – Textron Inc. (US)
Table 67 Snapshot – IHI Corp.
Table 68 Snapshot – Mitsubishi Heavy Industries Aero Engines Ltd
Table 69 Snapshot – MTU Aero Engine (Germany)
Table 70 Snapshot – IAE International Aero Engines AG (US)
Table 71 Snapshot – Raytheon Technologies Corporation (US)
Table 72 Snapshot – Boeing (US)
Table 73 Snapshot – United Technologies Corporation (US)
Table 74 Snapshot – Extron Inc.(US)
Table 75 Snapshot – Hindustan Aeronautics Limited (India)
Table 76 Snapshot – Rostec
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Engine Types for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Aircraft Engine Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Aircraft Engine Market Highlight
Figure 12 Global Aircraft Engine Market Size, by Engine Type, 2018 – 2030 (USD Billion)
Figure 13 Global Aircraft Engine Market Size, by Component2018 – 2030 (USD Billion)
Figure 14 Global Aircraft Engine Market Size, by Platform 2018 – 2030 (USD Billion)
Figure 15 Global Aircraft Engine Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 16 Global Aircraft Engine Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 17 Global Aircraft Engine Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 18 North America Aircraft Engine Market Highlight
Figure 19 North America Aircraft Engine Market Size, by Engine Type, 2018 – 2030 (USD Billion)
Figure 20 North America Aircraft Engine Market Size, by Component2018–2030 (USD Billion)
Figure 21 North America Aircraft Engine Market Size, by Platform 2018–2030 (USD Billion)
Figure 22 North America Aircraft Engine Market Size, by Technology Type 2018–2030 (USD Billion)
Figure 23 Global Aircraft Engine Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 24 North America Aircraft Engine Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 25 Europe Aircraft Engine Market Highlight
Figure 26 Europe Aircraft Engine Market Size, by Engine Type, 2018 – 2030 (USD Billion)
Figure 27 Europe Aircraft Engine Market Size, by Component2018 – 2030 (USD Billion)
Figure 28 Europe Aircraft Engine Market Size, by Platform 2018 – 2030 (USD Billion)
Figure 29 Europe Aircraft Engine Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 30 Global Aircraft Engine Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 31 Europe Aircraft Engine Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 32 Asia-Pacific Aircraft Engine Market Highlight
Figure 33 Asia-Pacific Aircraft Engine Market Size, by Engine Type, 2018 – 2030 (USD Billion)
Figure 34 Asia-Pacific Aircraft Engine Market Size, by Component2018 – 2030 (USD Billion)
Figure 35 Asia-Pacific Aircraft Engine Market Size, by Platform 2018 – 2030 (USD Billion)
Figure 36 Asia-Pacific Aircraft Engine Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 37 Global Aircraft Engine Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 38 Asia-Pacific Aircraft Engine Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 39 RoW Aircraft Engine Market Highlight
Figure 40 RoW Aircraft Engine Market Size, by Engine Type, 2018 – 2030 (USD Billion)
Figure 41 RoW Aircraft Engine Market Size, by Component2018 – 2030 (USD Billion)
Figure 42 RoW Aircraft Engine Market Size, by Platform 2018 – 2030 (USD Billion)
Figure 43 RoW Aircraft Engine Market Size, by Technology Type 2018 – 2030 (USD Billion)
Figure 44 Global Aircraft Engine Market Size, by End-user 2018 – 2030 (USD Billion)
Figure 45 RoW Aircraft Engine Market Size, by Country, 2018 – 2030 (USD Billion)
Global Aircraft Engine Market Coverage
Engine Type Insight and Forecast 2025-2030
- Turbofan
- Turboprop
- Turboshaft
- Piston
Component Insight and Forecast 2025-2030
- Compressor
- Turbine
- Gear Box
- Exhaust
- Nozzle
- Fuel System
Platform Type Insight and Forecast 2025-2030
- Fixed wing
- Rotary wing
- Unmanned Aerial Vehicle (UAV)
End-user Type Insight and Forecast 2025-2030
- Commercial
- Military
- General Aviation
Geographical Segmentation
Aircraft Engine Market by Region
- North America
- By Engine Type
- By Component
- By Platform Type
- By End-user Type
- By Country – U.S., Canada, and Mexico
- Europe
- By Engine Type
- By Component
- By Platform Type
- By End-user Type
- By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
- Asia-Pacific (APAC)
- By Engine Type
- By Component
- By Platform Type
- By End-user Type
- By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
- Rest of the World (RoW)
- By Engine Type
- By Component
- By Platform Type
- By End-user Type
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
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Global Aircraft Engine Market – Analysis and Forecast (2025-2030)
- The global aircraft engine market promises a growth from USD 73.4 billion in 2023 to USD 112 billion by 2030 at a rate of 7.9%.
- The aircraft engine market is segregated by engine type, by component, by platform type, by technology type, by end-user where every segment promises speedy growth during the forecast period.
- The market is propelling due to the demand for new generation engines with low emissions and lower weight.
- High maintenance cost of aircraft engines may hamper the growth of the aircraft engine market.
- Asia Pacific dominated the market during the forecast period due to the increase in demand for domestic air travel in emerging economies such as India and China.