Aircraft Engines Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

Persistence Market Research has recently released a comprehensive report on the worldwide Aircraft Engines Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global aircraft engines market from 2025 to 2032.

Key Insights:

Aircraft Engines Market Size (2025E): USD 76.8 Billion
Projected Market Value (2032F): USD 157.5 Billion
Global Market Growth Rate (CAGR 2025 to 2032): 10.8%

Aircraft Engines Market - Report Scope:

Aircraft engines are essential propulsion systems that power a wide range of aircraft, including commercial airliners, military jets, business aircraft, general aviation platforms, and helicopters. The market spans various engine types such as turboprop, turbofan, turboshaft, and piston engines, as well as critical engine components including compressors, turbines, gearboxes, exhaust systems, and fuel systems. The growing aviation industry, increasing air passenger traffic, fleet modernization efforts, and demand for fuel-efficient and low-emission propulsion solutions are shaping market growth across global regions.

Market Growth Drivers:

The global aircraft engines market is driven by rising air travel demand and fleet expansion by commercial airlines, which boost orders for new and more efficient engines. Airlines are increasingly focused on reducing operational costs and meeting stringent emissions regulations, leading to adoption of advanced engine technologies that offer improved fuel efficiency and lower carbon emissions. Technological advancements, such as lightweight materials, advanced turbine designs, and hybrid propulsion concepts, are accelerating innovation in the aircraft engines sector.

Market Restraints:

Despite robust growth prospects, the aircraft engines market faces challenges due to high development and production costs associated with advanced propulsion systems. Strict environmental regulations and noise reduction requirements compel manufacturers to invest heavily in research and development to produce engines that meet performance and compliance standards, which can strain financial resources and extend development timelines. Additionally, supply chain constraints and component shortages can impact engine deliveries and hinder market expansion.

Market Opportunities:

Significant opportunities in the aircraft engines market arise from the increasing adoption of unmanned aerial vehicles (UAVs) and emerging propulsion technologies such as hybrid-electric and sustainable aviation fuel (SAF)-compatible engines. The growing defense aviation sector and expanding Maintenance, Repair, and Overhaul (MRO) infrastructure also create demand for next-generation engine solutions. Moreover, sustained investments in expanding fleets in regions like Asia Pacific and continued modernization efforts in North America and Europe provide additional growth avenues for engine manufacturers.

Key Questions Answered in the Report:

What are the primary factors driving growth in the aircraft engines market globally?
Which engine types and aircraft segments are leading market adoption?
How are technological advancements influencing competition and innovation in the aircraft engines market?
Who are the major players shaping the aircraft engines market, and what strategies are they pursuing?
What are the emerging trends and future growth prospects for the global aircraft engines market?

Competitive Intelligence and Business Strategy:

Leading companies in the aircraft engines market focus on innovation, strategic partnerships, and expanding their product portfolios to maintain competitiveness. Manufacturers are investing in fuel-efficient engine designs, advanced materials, digitized maintenance solutions, and hybrid propulsion research to meet evolving industry needs. Collaborations with aircraft OEMs and defense agencies help facilitate technology integration and secure long-term contracts, while global expansion strategies enable companies to strengthen their market footprint.

Key Companies Profiled:

General Electric Company (GE Aviation)
Rolls-Royce Holdings Plc
CFM International
Pratt & Whitney (RTX Corporation)
Safran SA
MTU Aero Engines AG
Honeywell Aerospace
Collins Aerospace
Engine Alliance
Advanced Atomization Technologies Inc.

Aircraft Engines Market Segmentation

By Engine

Turboprop
Turbofan
Turboshaft
Piston Engine

By Component

Compressor
Turbine
Gearbox
Exhaust System
Fuel System

By Aircraft

Commercial Aircraft
Military Aircraft
Business
General Aviation Aircraft

By Region

North America
Europe
East Asia
South Asia and Oceania
Middle East and Africa
Latin America

Product Code: PMRREP18748

1. Executive Summary

1.1. Global Aircraft Engines Market Snapshot 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Industry Developments and Key Market Events
1.5. Demand Side and Supply Side Analysis
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definitions
2.2. Value Chain Analysis
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Aviation Industry Overview
- 2.3.3. Global Aircraft Sales Overview
2.4. Forecast Factors - Relevance and Impact
2.5. COVID-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter's Five Forces Analysis
2.8. Geopolitical Tensions: Market Impact
2.9. Regulatory and Technology Landscape

3. Market Dynamics

3.1. Drivers
3.2. Restraints
3.3. Opportunities
3.4. Trends

4. Price Trend Analysis, 2019-2032

4.1. Region-wise Price Analysis
4.2. Price by Segments
4.3. Price Impact Factors

5. Global Aircraft Engines Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

5.1. Key Highlights
5.2. Global Aircraft Engines Market Outlook: Engine
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Engine, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Engine, 2025-2032
  - 5.2.3.1. Turboprop
  - 5.2.3.2. Turbofan
  - 5.2.3.3. Turboshaft
  - 5.2.3.4. Piston Engine
- 5.2.4. Market Attractiveness Analysis: Engine
5.3. Global Aircraft Engines Market Outlook: Component
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Component, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Component, 2025-2032
  - 5.3.3.1. Compressor
  - 5.3.3.2. Turbine
  - 5.3.3.3. Gearbox
  - 5.3.3.4. Exhaust System
  - 5.3.3.5. Fuel System
  - 5.3.3.6. Others
- 5.3.4. Market Attractiveness Analysis: Component
5.4. Global Aircraft Engines Market Outlook: Aircraft
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Aircraft, 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Aircraft, 2025-2032
  - 5.4.3.1. Commercial Aircraft
  - 5.4.3.2. Military Aircraft
  - 5.4.3.3. Business
  - 5.4.3.4. General Aviation Aircraft
- 5.4.4. Market Attractiveness Analysis: Aircraft

6. Global Aircraft Engines Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Aircraft Engines Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Engine, 2025-2032
- 7.4.1. Turboprop
- 7.4.2. Turbofan
- 7.4.3. Turboshaft
- 7.4.4. Piston Engine
7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Component, 2025-2032
- 7.5.1. Compressor
- 7.5.2. Turbine
- 7.5.3. Gearbox
- 7.5.4. Exhaust System
- 7.5.5. Fuel System
- 7.5.6. Others
7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Aircraft, 2025-2032
- 7.6.1. Commercial Aircraft
- 7.6.2. Military Aircraft
- 7.6.3. Business
- 7.6.4. General Aviation Aircraft

8. Europe Aircraft Engines Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Engine, 2025-2032
- 8.4.1. Turboprop
- 8.4.2. Turbofan
- 8.4.3. Turboshaft
- 8.4.4. Piston Engine
8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Component, 2025-2032
- 8.5.1. Compressor
- 8.5.2. Turbine
- 8.5.3. Gearbox
- 8.5.4. Exhaust System
- 8.5.5. Fuel System
- 8.5.6. Others
8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Aircraft, 2025-2032
- 8.6.1. Commercial Aircraft
- 8.6.2. Military Aircraft
- 8.6.3. Business
- 8.6.4. General Aviation Aircraft

9. East Asia Aircraft Engines Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Engine, 2025-2032
- 9.4.1. Turboprop
- 9.4.2. Turbofan
- 9.4.3. Turboshaft
- 9.4.4. Piston Engine
9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Component, 2025-2032
- 9.5.1. Compressor
- 9.5.2. Turbine
- 9.5.3. Gearbox
- 9.5.4. Exhaust System
- 9.5.5. Fuel System
- 9.5.6. Others
9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Aircraft, 2025-2032
- 9.6.1. Commercial Aircraft
- 9.6.2. Military Aircraft
- 9.6.3. Business
- 9.6.4. General Aviation Aircraft

10. South Asia & Oceania Aircraft Engines Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Engine, 2025-2032
- 10.4.1. Turboprop
- 10.4.2. Turbofan
- 10.4.3. Turboshaft
- 10.4.4. Piston Engine
10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Component, 2025-2032
- 10.5.1. Compressor
- 10.5.2. Turbine
- 10.5.3. Gearbox
- 10.5.4. Exhaust System
- 10.5.5. Fuel System
- 10.5.6. Others
10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Aircraft, 2025-2032
- 10.6.1. Commercial Aircraft
- 10.6.2. Military Aircraft
- 10.6.3. Business
- 10.6.4. General Aviation Aircraft

11. Latin America Aircraft Engines Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Engine, 2025-2032
- 11.4.1. Turboprop
- 11.4.2. Turbofan
- 11.4.3. Turboshaft
- 11.4.4. Piston Engine
11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Component, 2025-2032
- 11.5.1. Compressor
- 11.5.2. Turbine
- 11.5.3. Gearbox
- 11.5.4. Exhaust System
- 11.5.5. Fuel System
- 11.5.6. Others
11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Aircraft, 2025-2032
- 11.6.1. Commercial Aircraft
- 11.6.2. Military Aircraft
- 11.6.3. Business
- 11.6.4. General Aviation Aircraft

12. Middle East & Africa Aircraft Engines Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Engine, 2025-2032
- 12.4.1. Turboprop
- 12.4.2. Turbofan
- 12.4.3. Turboshaft
- 12.4.4. Piston Engine
12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Component, 2025-2032
- 12.5.1. Compressor
- 12.5.2. Turbine
- 12.5.3. Gearbox
- 12.5.4. Exhaust System
- 12.5.5. Fuel System
- 12.5.6. Others
12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Aircraft, 2025-2032
- 12.6.1. Commercial Aircraft
- 12.6.2. Military Aircraft
- 12.6.3. Business
- 12.6.4. General Aviation Aircraft

13. Competitive Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles
- 13.3.1. Advanced Atomization Technologies Inc.
  - 13.3.1.1. Company Overview
  - 13.3.1.2. Product Portfolio/Offerings
  - 13.3.1.3. Key Financials
  - 13.3.1.4. SWOT Analysis
  - 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Enjet Aero
- 13.3.3. Engine Alliance
- 13.3.4. Safran Group
- 13.3.5. Pratt & Whitney
- 13.3.6. Rolls-Royce
- 13.3.7. MTU Aero Engines AG
- 13.3.8. CFM International
- 13.3.9. General Electric Company
- 13.3.10. ITP Aero
- 13.3.11. New Hampshire Ball Bearing (MinebeaMitsumi Aerospace)

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations