The global aircraft engine market size reached USD 56.39 Billion in 2020 and is expected to register a revenue CAGR of 8.7%, during the forecast period, according to latest analysis by Emergen Research.
The Global Aircraft engine Market report, released by Emergen research, provides the target audience with the key information pertaining to the global Aircraft engine Market industry. We provide detailed product mapping and investigation of various market scenarios. Our expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Aircraft engine market. This helps us to comprehensively analyse the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.
Increasing operations and fleet expansion in commercial aircraft business and rising demand for engines for UAVs are some key factors driving global market revenue growth
However, concerns regarding aircraft engine durability and increasing fuel costs are expected to hamper growth of the global aircraft engine market to some extent over the forecast period. In addition, rising environmental concerns about aircraft engine fuel emissions are also restraining market growth.
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Some major companies in the market report include General Electric Company (GE Aviation), Honeywell International Inc., Rolls-Royce Holdings PLC, Safran SA, MTU Aero Engines AG, IAE International Aero Engines AG, Textron Inc., CFM International S.A., United Technologies Corporation, and Raytheon Technologies Corporation
Key insights presented in the report:
- Turboshaft segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as a result of increasing demand for commercial helicopter fleets.
- Gearbox segment is expected to register significant growth in terms of revenue during the forecast period due to increased expenditure in gearbox-related RD activities.
- North America is expected to account for a relatively larger revenue share than other regional markets over the forecast period. Rising defense expenditure on military planes, jet fighters, and single-engine aircraft is a key factor driving growth of the market in this region.
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Emergen Research has segmented the global aircraft engine on the basis of type, platform, component, technology, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Turbofan
- Turboprop
- Piston Engine
- Turboshaft
Platform Outlook (Revenue, USD Billion; 2018–2028)
- Unmanned Aerial Vehicles
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Component Outlook (Revenue, USD Billion; 2018–2028)
- Turbine
- Compressor
- Gearbox
- Fuel System
- Exhaust System
- Others
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Conventional
- Hybrid
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- OEM
- Aftermarket
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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