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

Description

Persistence Market Research has recently published an extensive report on the global Aircraft Engines Market. This report offers a comprehensive analysis of the key market dynamics, including drivers, trends, opportunities, and challenges, providing deep insights into the market structure.

Key Insights:

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

Aircraft Engines Market - Report Scope:

The Aircraft Engines Market encompasses a wide range of propulsion systems designed for commercial, military, and general aviation applications. These engines include turbofan, turboprop, turbojet, and piston engines, catering to the diverse requirements of aircraft manufacturers and airline operators. The market is influenced by advancements in aerodynamics, fuel efficiency improvements, and the integration of digital technologies in engine manufacturing. The growing demand for fuel-efficient, lightweight, and sustainable aircraft engines is shaping the market trajectory. Additionally, the increasing adoption of hybrid and electric propulsion systems marks a significant shift in the industry.

Market Growth Drivers:

Several key factors are driving the global Aircraft Engines Market. The rapid expansion of the aviation industry, coupled with rising air passenger traffic, is fueling demand for new-generation aircraft with enhanced engine efficiency. Technological advancements in materials and engine design, such as the incorporation of composite materials and additive manufacturing, contribute to performance improvements. The focus on reducing carbon emissions has led to the development of fuel-efficient and hybrid-electric aircraft engines, further propelling market growth. Additionally, government initiatives promoting sustainable aviation, along with increasing defense budgets for advanced military aircraft, support market expansion.

Market Restraints:

Despite promising growth prospects, the Aircraft Engines Market faces challenges such as high production and maintenance costs. The complexity of modern aircraft engine systems and the stringent regulatory requirements increase the cost of development and certification. Supply chain disruptions, raw material shortages, and fluctuating fuel prices also pose hurdles for market players. Additionally, concerns regarding environmental impact and noise pollution associated with traditional jet engines have led to regulatory constraints, requiring ongoing investment in research and innovation to meet stringent emissions and noise standards.

Market Opportunities:

The market presents significant opportunities driven by the rise in demand for next-generation aircraft engines featuring alternative propulsion technologies, including electric and hydrogen-powered engines. The increasing investment in urban air mobility (UAM) and eVTOL (electric vertical take-off and landing) aircraft opens new avenues for engine manufacturers. Strategic collaborations between aerospace companies and technology providers to enhance engine efficiency and sustainability are expected to drive market growth. Additionally, advancements in predictive maintenance using AI and IoT technologies offer cost-effective solutions for fleet operators, minimizing downtime and operational costs.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Aircraft Engines Market globally?
Which types of aircraft engines are leading the adoption in commercial and military aviation?
How are technological advancements influencing the competitive landscape of the Aircraft Engines Market?
Who are the key players in the Aircraft Engines Market, and what strategies are they employing to stay competitive?
What are the emerging trends and future prospects in the global Aircraft Engines Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Aircraft Engines Market, including General Electric Aviation, Rolls-Royce Holdings, Pratt & Whitney, and Safran Aircraft Engines, focus on innovation, product differentiation, and strategic collaborations to gain a competitive edge. These companies invest heavily in R&D to develop advanced propulsion systems with enhanced fuel efficiency and sustainability features. Collaborations with airlines, aerospace manufacturers, and defense organizations facilitate market access and promote the adoption of next-generation aircraft engines. Emphasis on digital twin technology, predictive analytics, and high-performance materials fosters market growth and enhances reliability in the evolving Aircraft Engines Market landscape.

Key Companies Profiled:

Advanced Atomization Technologies Inc.
Enjet Aero
Engine Alliance
Safran Group
Pratt & Whitney
Rolls-Royce
MTU Aero Engines AG
CFM International
General Electric Company
ITP Aero
New Hampshire Ball Bearing (MinebeaMitsumi Aerospace)

Aircraft Engines Market Segmentation

By Engine

Turboprop
Turbofan
Turboshaft
Piston Engine

By Aircraft

Commercial Aircraft
Military Aircraft
Business and General Aviation Aircraft

By Region

North America
Asia Pacific
Europe
Latin America
The Middle East & Africa

Product Code: PMRREP18748

1. Executive Summary

1.1. Global Aircraft Engines Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Product Manufacturers
- 2.7.3. List of Product Distributors
- 2.7.4. List of End Users
2.8. PESTLE Analysis
2.9. Porter's Five Force Analysis

3. Price Trend Analysis, 2019-2032

3.1. Key Highlights
3.2. Key Factors Impacting Product Prices
3.3. Pricing Analysis, By Aircraft
3.4. Regional Prices and Historical and Future Growth Trends

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

4.1. Key Highlights
- 4.1.1. Market Volume (Units) Projections
- 4.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2024
- 4.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2025-2032
4.3. Global Aircraft Engines Outlook: Aircraft
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Aircraft, 2019-2024
- 4.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Aircraft, 2025-2032
  - 4.3.3.1. Commercial Aircraft
  - 4.3.3.2. Military Aircraft
  - 4.3.3.3. Business and General Aviation Aircraft
4.4. Market Attractiveness Analysis: Aircraft
4.5. Global Aircraft Engines Outlook: Engine
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) Analysis, By Engine, 2019-2024
- 4.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Engine, 2025-2032
  - 4.5.3.1. Turboprop
  - 4.5.3.2. Turbofan
  - 4.5.3.3. Turboshaft
  - 4.5.3.4. Piston Engine
4.6. Market Attractiveness Analysis: Engine

5. Global Aircraft Engines Outlook: Region

5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019-2024
5.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2025-2032
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region

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

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
- 6.3.1. By Country
- 6.3.2. By Aircraft
- 6.3.3. By Engine
6.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 6.4.1. U.S.
- 6.4.2. Canada
6.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Aircraft, 2025-2032
- 6.5.1. Commercial Aircraft
- 6.5.2. Military Aircraft
- 6.5.3. Business and General Aviation Aircraft
6.6. Current Market Size (US$ Bn) Analysis and Forecast, By Engine, 2025-2032
- 6.6.1. Turboprop
- 6.6.2. Turbofan
- 6.6.3. Turboshaft
- 6.6.4. Piston Engine
6.7. Market Attractiveness Analysis

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

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
- 7.3.1. By Country
- 7.3.2. By Aircraft
- 7.3.3. By Engine
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Aircraft, 2025-2032
- 7.5.1. Commercial Aircraft
- 7.5.2. Military Aircraft
- 7.5.3. Business and General Aviation Aircraft
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Engine, 2025-2032
- 7.6.1. Turboprop
- 7.6.2. Turbofan
- 7.6.3. Turboshaft
- 7.6.4. Piston Engine
7.7. Market Attractiveness Analysis

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

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
- 8.3.1. By Country
- 8.3.2. By Aircraft
- 8.3.3. By Engine
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
8.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Aircraft, 2025-2032
- 8.5.1. Commercial Aircraft
- 8.5.2. Military Aircraft
- 8.5.3. Business and General Aviation Aircraft
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Engine, 2025-2032
- 8.6.1. Turboprop
- 8.6.2. Turbofan
- 8.6.3. Turboshaft
- 8.6.4. Piston Engine
8.7. Market Attractiveness Analysis

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

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
- 9.3.1. By Country
- 9.3.2. By Aircraft
- 9.3.3. By Engine
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Aircraft, 2025-2032
- 9.5.1. Commercial Aircraft
- 9.5.2. Military Aircraft
- 9.5.3. Business and General Aviation Aircraft
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Engine, 2025-2032
- 9.6.1. Turboprop
- 9.6.2. Turbofan
- 9.6.3. Turboshaft
- 9.6.4. Piston Engine
9.7. Market Attractiveness Analysis

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

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
- 10.3.1. By Country
- 10.3.2. By Aircraft
- 10.3.3. By Engine
- 10.3.4. By Age Group
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
10.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Aircraft, 2025-2032
- 10.5.1. Commercial Aircraft
- 10.5.2. Military Aircraft
- 10.5.3. Business and General Aviation Aircraft
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Engine, 2025-2032
- 10.6.1. Turboprop
- 10.6.2. Turbofan
- 10.6.3. Turboshaft
- 10.6.4. Piston Engine
10.7. Market Attractiveness Analysis

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

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
- 11.3.1. By Country
- 11.3.2. By Aircraft
- 11.3.3. By Engine
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2025-2032
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Aircraft, 2025-2032
- 11.5.1. Commercial Aircraft
- 11.5.2. Military Aircraft
- 11.5.3. Business and General Aviation Aircraft
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Engine, 2025-2032
- 11.6.1. Turboprop
- 11.6.2. Turbofan
- 11.6.3. Turboshaft
- 11.6.4. Piston Engine
11.7. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2025
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Aircraft
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. Advanced Atomization Technologies Inc.
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Products
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Enjet Aero
- 12.3.3. Engine Alliance
- 12.3.4. Safran Group
- 12.3.5. Pratt & Whitney
- 12.3.6. Rolls-Royce
- 12.3.7. MTU Aero Engines AG
- 12.3.8. CFM International
- 12.3.9. General Electric Company
- 12.3.10. ITP Aero
- 12.3.11. New Hampshire Ball Bearing
- 12.3.12. Other Players

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations

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