PUBLISHER: Grand View Research | PRODUCT CODE: 1530002
PUBLISHER: Grand View Research | PRODUCT CODE: 1530002
Aircraft Engine Market Size, Share & Trends Analysis Report By Engine, By Aircraft, By Point Of Sale, By Region, And Segment Forecasts, 2024 - 2030
Aircraft Engine Market Size & Trends
The global aircraft engine market size was estimated at USD 56.28 billion in 2023 and is projected to grow at a CAGR of 9.81% from 2024 to 2030. There is an increasing demand for fuel-efficient, environmentally friendly engines. As airlines strive to reduce operational costs and meet stringent emissions regulations, there is a growing preference for engines that offer better fuel efficiency and lower carbon emissions per flight hour. Additionally, advancements in technology, such as efficient turbine designs and lightweight materials, are pushing innovation in the industry. The growth of the market is further boosted by an increase in air travel demand globally, necessitating more reliable and powerful engines to support the expanding fleet of commercial and military aircraft.
Engine manufacturers are at the forefront of developing cutting-edge technologies such as high-bypass ratio turbofans and geared turbofans. These innovations not only enhance fuel efficiency, reduce noise levels, and lower emissions to meet stringent environmental regulations set by organizations like the International Civil Aviation Organization (ICAO), but also drive airlines to adopt more sustainable technologies. Consequently, manufacturers are introducing eco-friendly engine designs that promise reduced operating costs throughout their lifespan.
Advancements in materials science and digital technologies further improve engine performance and maintenance, with predictive maintenance and data analytics playing pivotal roles in monitoring engine health, minimizing downtime, and enhancing reliability. This dynamic landscape is marked by fierce competition among industry leaders such as Rolls-Royce, GE Aviation, Pratt & Whitney, and Safran Aircraft Engines, who continuously invest in research and development to stay ahead and meet evolving customer demands. Additionally, strategic partnerships and international collaborations are increasingly common, facilitating shared expertise, cost reduction, and market access, particularly in rapidly growing aviation markets worldwide.
Governments globally are also investing significantly in next-generation military aircraft equipped with advanced engines. These engines are designed to enhance operational capabilities with improved thrust-to-weight ratios, adaptability to diverse mission profiles, and reduced lifecycle costs. Heightened security threats worldwide are driving increased defense expenditures, particularly in aircraft and associated technologies. Turbofan and turboshaft engines are crucial components for military helicopters, transport aircraft, and fighter jets, supporting a wide range of operational requirements. Military engine manufacturers are focusing on developing engines with higher thrust, increased fuel efficiency, and enhanced durability. Future-focused innovations like variable cycle engines and adaptive propulsion systems are being actively pursued to meet the evolving needs of military applications.
Global Aircraft Engine Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global aircraft engine market report based on engine, aircraft, point of sale, and region:
- Engine Outlook (Revenue, USD Billion, 2018 - 2030)
- Turboprop
- Turbofan
- Turboshaft
- Piston Engine
- Aircraft Outlook (Revenue, USD Billion, 2018 - 2030)
- Commercial Aircraft
- Military Aircraft
- Business and General Aviation Aircraft
- Point of Sale Outlook (Revenue, USD Billion, 2018 - 2030)
- OEM
- Aftermarket
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
U.S.
Canada
Mexico
- Europe
Germany
UK
France
- Asia Pacific
China
Japan
India
South Korea
Australia
- Latin America
Brazil
- Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Aircraft Engine Market Snapshot
- 2.2. Aircraft Engine Market - Segment Snapshot (1/2)
- 2.3. Aircraft Engine Market - Segment Snapshot (2/2)
- 2.4. Aircraft Engine Market - Competitive Landscape Snapshot
Chapter 3. Aircraft Engine Platform Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Aircraft Engine Market - Technology Trends
Chapter 4. Aircraft Engine Market: Engine Estimates & Trend Analysis
- 4.1. Engine Movement Analysis & Market Share, 2023 & 2030
- 4.2. Aircraft Engine Market Estimates & Forecast, By Engine (USD Billion)
- 4.2.1. Turboprop
- 4.2.2. Turbofan
- 4.2.3. Turboshaft
- 4.2.4. Piston Engine
Chapter 5. Aircraft Engine Market: Aircraft Estimates & Trend Analysis
- 5.1. Aircraft Movement Analysis & Market Share, 2023 & 2030
- 5.2. Aircraft Engine Market Estimates & Forecast, By Aircraft (USD Billion)
- 5.2.1. Commercial Aircraft
- 5.2.2. Military Aircraft
- 5.2.3. Business and General Aviation Aircraft
Chapter 6. Aircraft Engine Market: Point of Sale Estimates & Trend Analysis
- 6.1. Point of Sale Movement Analysis & Market Share, 2023 & 2030
- 6.2. Aircraft Engine Market Estimates & Forecast, By Point of Sale (USD Billion)
- 6.2.1. OEM
- 6.2.2. Aftermarket
Chapter 7. Regional Estimates & Trend Analysis
- 7.1. Aircraft Engine Market by Region, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.3. Canada
- 7.2.4. Mexico
- 7.3. Europe
- 7.3.1. Europe Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. U.K.
- 7.3.3. Germany
- 7.3.4. France
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.3. Japan
- 7.4.4. India
- 7.4.5. South Korea
- 7.4.6. Australia
- 7.5. Latin America
- 7.5.1. Latin America Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.6. Middle East & Africa (MEA)
- 7.6.1. MEA Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. UAE
- 7.6.3. Saudi Arabia
- 7.6.4. South Africa
Chapter 8. Aircraft Engine Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Positioning Analysis
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.8.1. Expansion/Divestiture
- 8.8.2. Collaborations/Partnerships
- 8.8.3. New Product Launches
- 8.8.4. Research and Development
- 8.8.5. Contract
- 8.9. Company Profiles
- 8.9.1. Safran Group
- 8.9.1.1. Participant's Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.1.4. Recent Developments
- 8.9.2. Pratt & Whitney
- 8.9.2.1. Participant's Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.2.4. Recent Developments
- 8.9.3. IAE International Aero Engines AG
- 8.9.3.1. Participant's Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.3.4. Recent Developments
- 8.9.4. MTU Aero Engines AG
- 8.9.4.1. Participant's Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.4.4. Recent Developments
- 8.9.5. CFM International
- 8.9.5.1. Participant's Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.5.4. Recent Developments
- 8.9.6. General Electric Company
- 8.9.6.1. Participant's Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.6.4. Recent Developments
- 8.9.7. ITP Aero
- 8.9.7.1. Participant's Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.7.4. Recent Developments
- 8.9.8. New Hampshire Ball Bearing Inc. (MinebeaMitsumi Aerospace)
- 8.9.8.1. Participant's Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.8.4. Recent Developments
- 8.9.9. Enjet Aero
- 8.9.9.1. Participant's Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.9.4. Recent Developments
- 8.9.10. Rolls - Royce Holdings plc
- 8.9.10.1. Participant's Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking
- 8.9.10.4. Recent Developments
- 8.9.11. Engine Alliance
- 8.9.11.1. Participant's Overview
- 8.9.11.2. Financial Performance
- 8.9.11.3. Product Benchmarking
- 8.9.11.4. Recent Developments
- 8.9.12. Advanced Atomization Technologies Inc.
- 8.9.12.1. Participant's Overview
- 8.9.12.2. Financial Performance
- 8.9.12.3. Product Benchmarking
- 8.9.12.4. Recent Developments
- 8.9.1. Safran Group
List of Tables
- Table 1 Aircraft Engine Market - Key Market Driver Impact
- Table 2 Aircraft Engine Market - Key Market Restraint Impact
- Table 3 Aircraft Engine Market - Key Market Opportunities Impact
- Table 4 Aircraft Engine Market - Key Market Challenges Impact
- Table 5 Aircraft Engine Market Revenue Estimates and Forecast, by Engine, 2018 - 2030 (USD Billion)
- Table 6 Aircraft Engine Market Revenue Estimates and Forecast, by Aircraft, 2018 - 2030 (USD Billion)
- Table 7 Aircraft Engine Market Revenue Estimates and Forecast, by Point of Sale, 2018 - 2030 (USD Billion)
- Table 8 Recent Development & Impact Analysis by Key Market Participants
- Table 9 Company Heat Map Analysis
- Table 10 Key Companies Launching New Products
- Table 11 Key Companies Pursuing Expansions
- Table 12 Key Companies Pursuing Mergers & Acquisitions
- Table 13 Key Companies Striking Collaborations
List of Figures
- Fig. 1 Aircraft Engine Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segmetn Snapshot (1/2)
- Fig. 8 Segment Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Aircraft Engine Market Value, 2023 - 2030 (USD Billion)
- Fig. 11 Aircraft Engine Market: Industry Value Chain Analysis
- Fig. 12 Aircraft Engine Market: Market Dynamics
- Fig. 13 Aircraft Engine Market: PORTER's Analysis
- Fig. 14 Aircraft Engine Market: PESTEL Analysis
- Fig. 15 Aircraft Engine Market, by Engine: Key Takeaway
- Fig. 16 Aircraft Engine Market, by Engine: Market Share, 2023 & 2030
- Fig. 17 Turboprop Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 18 Turbofan Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 19 Turboshaft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 20 Piston Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 21 Aircraft Engine Market, by Aircraft: Key Takeaway
- Fig. 22 Aircraft Engine Market, by Aircraft: Market Share, 2023 & 2030
- Fig. 23 Commercial Aircraft Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 24 Military Aircraft Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 25 Business and General Aviation Aircraft Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 26 Aircraft Engine Market, by Point of Sale: Key Takeaway
- Fig. 27 Aircraft Engine Market, by Point of Sale: Market Share, 2023 & 2030
- Fig. 28 OEM Point of Sale Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 29 Aftermarket Point of Sale Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 30 Regional Marketplace: Key Takeaway
- Fig. 31 North America Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 32 U.S. Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 33 Canada Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 34 Mexico Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 35 Europe Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 36 Germany Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 37 U.K. Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 38 France Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 39 Asia Pacific Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 40 China Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 41 Japan Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 42 India Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 43 South Korea Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 44 Australia Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 45 Latin America Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 46 Brazil Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 47 Middle East and Africa Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 48 UAE Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 49 Saudi Arabia Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 50 South Africa Aircraft Engine Market Estimates & Forecasts, 2018 - 2030 (Revenue, USD Billion)
- Fig. 51 Key Company Categorization
- Fig. 52 Company Market Positioning
- Fig. 53 Strategic Framework
