Aircraft Engines Market Size, Share, Analysis Report

Aircraft Engines Market Size by Type (Turboprop, Turbofan, Turboshaft and Piston Engine), By Wing Position (Fixed Wing and Rotary Wing), End Use (Commercial Aviation, Military Aviation and Others), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The Aircraft Engines Market is expected to be around US$ 123 Billion by 2028 at a CAGR of 8.8% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • General Electric Company
  • United Technologies Corporation
  • Rolls Royce
  • Honeywell International
  • Safran
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    8

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The Aircraft Engines Market is expected to be around US$ 123 Billion by 2028 at a CAGR of 8.8% in the given forecast period.

    Surging demand for low-cost and fuel-efficient aircraft and rising usage of 3D printed aircraft engine parts are anticipated to accelerate revenue growth of the market during the forecast period. Several engine manufacturers are presently emphasizing on production of lightweight engines as to decrease the total weight of aircraft and improve the fuel economy. The rising regional unrest, border area conflicts and terror activities in several countries are leading to a surge in demand for military aircraft, which is projected to fuel aircraft engine market growth during the forecast period. Moreover, most of the high disposable income population now considers air travel as an affordable option, propelling airlines to expand their fleet size to meet this demand. This aspect is also one of the key drivers of growth in the aircraft engine market.

    The global Aircraft Engines market is segregated on the basis of Type as Turboprop, Turbofan, Turboshaft and Piston Engine. Based on Wing Position the global Aircraft Engines market is segmented in Fixed Wing and Rotary Wing. Based on End Use the global Aircraft Engines market is segmented in Commercial Aviation, Military Aviation and Others.

    The global Aircraft Engines market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Aircraft Engines market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines, MTU Aero Engines, Textron, Hindustan Aeronautics, Klimov, and others are among the major players in the global Aircraft Engines market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Aircraft Engines Market has been segmented as below:

    Aircraft Engines Market, By Type

    • Turboprop
    • Turbofan
    • Turboshaft
    • Piston Engine

    Aircraft Engines Market, By Wing Position

    • Fixed Wing
    • Rotary Wing

    Aircraft Engines Market, By End Use

    • Commercial Aviation
    • Military Aviation
    • Others

    Aircraft Engines Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Aircraft Engines Market, By Company

    • General Electric Company
    • Rolls Royce
    • Honeywell International
    • United Technologies Corporation
    • Safran
    • International Aero Engines
    • MTU Aero Engines
    • Textron
    • Hindustan Aeronautics
    • Klimov
    • Continental Motors Group
    • United Engine
    • Motor Sich
    • AVIC Aircraft
    • Aero Engine Corporation of China

    The report covers:

    • Global Aircraft Engines market sizes from 2021 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global Aircraft Engines market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Aircraft Engines market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Aircraft Engines market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Aircraft Engines market share. Major industry players with significant revenue share include General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines, MTU Aero Engines, Textron, Hindustan Aeronautics, Klimov, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Aircraft Engines industry trends
    • Find complete analysis on the market status
    • Identify the Aircraft Engines market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

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    1.    Introduction
    1.1.    Key Points
    1.2.    Report Description
    1.3.    Markets Covered
    1.4.    Stakeholders
    2.    Research Methodology
    2.1.    Research Scope
    2.2.    Market Research Process
    2.3.    Research Data Analysis
    2.3.1.1.    Secondary Research
    2.3.1.2.    Primary Research
    2.3.1.3.    Models for Estimation
    2.4.    Market Size Estimation
    2.4.1.    Bottom-Up Approach- Segmental Market Analysis
    2.4.2.    Top-Down Approach- Parent Market Analysis
    3.    Executive Summary
    4.    Market Overview
    4.1.    Introduction
    4.1.1.    Drivers
    4.1.2.    Restraints
    4.1.3.    Opportunities
    4.1.4.    Challenges
    4.2.    Porter’s Five Force Analysis
    5.    Aircraft Engines Market, By Type
    5.1.    Introduction
    5.2.    Turboprop
    5.2.1.    Market Overview
    5.2.2.    Market Size and Forecast
    5.3.    Turbofan
    5.3.1.    Market Overview
    5.3.2.    Market Size and Forecast
    5.4.    Turboshaft
    5.4.1.    Market Overview
    5.4.2.    Market Size and Forecast
    5.5.    Piston Engine
    5.5.1.    Market Overview
    5.5.2.    Market Size and Forecast
    6.    Aircraft Engines Market, By Wing Position
    6.1.    Introduction
    6.2.    Fixed Wing
    6.2.1.    Market Overview
    6.2.2.    Market Size and Forecast
    6.3.    Rotary Wing
    6.3.1.    Market Overview
    6.3.2.    Market Size and Forecast
    7.    Aircraft Engines Market, By End Use
    7.1.    Introduction
    7.2.    Commercial Aviation
    7.2.1.    Market Overview
    7.2.2.    Market Size and Forecast
    7.3.    Military Aviation
    7.3.1.    Market Overview
    7.3.2.    Market Size and Forecast
    7.4.    Others
    7.4.1.    Market Overview
    7.4.2.    Market Size and Forecast
    8.    Aircraft Engines Market, By Geography
    8.1.    Introduction
    8.2.    North America
    8.2.1.    North America Aircraft Engines, By Type
    8.2.2.    North America Aircraft Engines, By Wing Position
    8.2.3.    North America Aircraft Engines, By End Use
    8.3.    Europe
    8.3.1.    Europe Aircraft Engines, By Type
    8.3.2.    Europe Aircraft Engines, By Wing Position
    8.3.3.    Europe Aircraft Engines, By End Use
    8.4.    Asia-Pacific
    8.4.1.    Asia-Pacific Aircraft Engines, By Type
    8.4.2.    Asia-Pacific Aircraft Engines, By Wing Position
    8.4.3.    Asia-Pacific Aircraft Engines, By End Use
    8.5.    Rest of the World
    8.5.1.    Rest of the World Aircraft Engines, By Type
    8.5.2.    Rest of the World Aircraft Engines, By Wing Position
    8.5.3.    Rest of the World Aircraft Engines, By End Use
    9.    Competitive Insights
    9.1.    Key Insights
    9.2.    Company Market Share Analysis
    9.3.    Strategic Outlook
    9.3.1.    Mergers & Acquisitions
    9.3.2.    New Product Developments
    9.3.3.    Portfolio/Production Capacity Expansions
    9.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements
    9.3.5.    Others
    10.    Company Profiles
    10.1.    General Electric Company
    10.1.1.    Company Overview
    10.1.2.    Product/Service Landscape
    10.1.3.    Financial Overview
    10.1.4.    Recent Developments
    10.2.    Rolls Royce
    10.2.1.    Company Overview
    10.2.2.    Product/Service Landscape
    10.2.3.    Financial Overview
    10.2.4.    Recent Developments
    10.3.    Honeywell International
    10.3.1.    Company Overview
    10.3.2.    Product/Service Landscape
    10.3.3.    Financial Overview
    10.3.4.    Recent Developments
    10.4.    United Technologies Corporation
    10.4.1.    Company Overview
    10.4.2.    Product/Service Landscape
    10.4.3.    Financial Overview
    10.4.4.    Recent Developments
    10.5.    Safran
    10.5.1.    Company Overview
    10.5.2.    Product/Service Landscape
    10.5.3.    Financial Overview
    10.5.4.    Recent Developments
    10.6.    International Aero Engines
    10.6.1.    Company Overview
    10.6.2.    Product/Service Landscape
    10.6.3.    Financial Overview
    10.6.4.    Recent Developments
    10.7.    MTU Aero Engines
    10.7.1.    Company Overview
    10.7.2.    Product/Service Landscape
    10.7.3.    Financial Overview
    10.7.4.    Recent Developments
    10.8.    Textron
    10.8.1.    Company Overview
    10.8.2.    Product/Service Landscape
    10.8.3.    Financial Overview
    10.8.4.    Recent Developments
    10.9.    Hindustan Aeronautics
    10.9.1.    Company Overview
    10.9.2.    Product/Service Landscape
    10.9.3.    Financial Overview
    10.9.4.    Recent Developments
    10.10.    Klimov
    10.10.1.    Company Overview
    10.10.2.    Product/Service Landscape
    10.10.3.    Financial Overview
    10.10.4.    Recent Developments
    10.11.    Continental Motors Group
    10.11.1.    Company Overview
    10.11.2.    Product/Service Landscape
    10.11.3.    Financial Overview
    10.11.4.    Recent Developments
    10.12.    United Engine
    10.12.1.    Company Overview
    10.12.2.    Product/Service Landscape
    10.12.3.    Financial Overview
    10.12.4.    Recent Developments
    10.13.    Motor Sich
    10.13.1.    Company Overview
    10.13.2.    Product/Service Landscape
    10.13.3.    Financial Overview
    10.13.4.    Recent Developments
    10.14.    AVIC Aircraft
    10.14.1.    Company Overview
    10.14.2.    Product/Service Landscape
    10.14.3.    Financial Overview
    10.14.4.    Recent Developments
    10.15.    Aero Engine Corporation of China
    10.15.1.    Company Overview
    10.15.2.    Product/Service Landscape
    10.15.3.    Financial Overview
    10.15.4.    Recent Developments

    The Aircraft Engines Market has been segmented as below:

    Aircraft Engines Market, By Type

    • Turboprop
    • Turbofan
    • Turboshaft
    • Piston Engine

    Aircraft Engines Market, By Wing Position

    • Fixed Wing
    • Rotary Wing

    Aircraft Engines Market, By End Use

    • Commercial Aviation
    • Military Aviation
    • Others

    Aircraft Engines Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Aircraft Engines Market, By Company

    • General Electric Company
    • Rolls Royce
    • Honeywell International
    • United Technologies Corporation
    • Safran
    • International Aero Engines
    • MTU Aero Engines
    • Textron
    • Hindustan Aeronautics
    • Klimov
    • Continental Motors Group
    • United Engine
    • Motor Sich
    • AVIC Aircraft
    • Aero Engine Corporation of China

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 5.67% during the study period (2023-2028)
    The Aircraft Engines Market is expected to be around US$ 123 Billion by 2028
    The segment included in Aircraft Engines Market is Type, Wing Position, End User and region.
    Some key players operating in the Aircraft Engines Market include General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines, MTU Aero Engines
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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