Aircraft Engines Market is projected to reach a value of over USD 102.7 billion by 2027 at a CAGR of around 4.4%.

AIRCRAFT ENGINES MARKET: Summary

The Global Aircraft Engines Market is projected to reach a value of over USD 102.7 billion by 2027 at a CAGR of around 4.4%.

An aircraft engine is a part of the propulsion system of the aircraft which is used to generate mechanical power. Aircraft engines are designed to deliver maximum power at minimum rotation per minute (RPM). The aircraft engine consists of five components such as a fan, compressor, combustor, turbine, and nozzle. Advanced technologies allow billions of passengers to take into the air travel each year for business or leisure travel. GE, Rolls-Royce plc, United Technologies Corporation - Pratt & Whitney Division, and Honeywell International Inc. are the key players in the aircraft engines market.

AIRCRAFT ENGINES MARKET: Drivers & Opportunities

Market Driver:

  • Increasing Demand for Fuel and Energy Efficient Engines

According to IEA, the rising CO2 emission by aviation results in increasing the demand for energy-efficient engines. While the energy efficiency of the aircraft engine is improved by 3.2% between 2000 to 2014 and slows down to 1% until the present. The data mentioned in the sustainable development scenario (SDS), aviation energy efficiency is expected to improve by more than 3% until 2040. Due to increasing air passenger traffic, the need for fuel efficiency and energy efficiency will be expected to grow the efficient aircraft engines market during the upcoming years.

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Market Opportunities:

  • Increasing Demand for 3D Printed Aircraft Engines

3D printing technology is being used in aerospace & defense increase the ability to create parts that are stronger and lighter than traditional manufacturing. 3D printing is implemented in the design of aircraft engine parts for tool-less and cost-effective production of lightweight components that help to reduce fuel consumption, CO2 emission, and material cost owing to which has increased the demand for 3D printing in the aerospace industry. In the defense industry, 3D printing help to eliminates hard tooling, thus increasing the security around the design IP while lowering non-recurring costs and ensuring life cycle support. Improvement in-flight performance and production efficiency while simplifying inventory with strong, lightweight composite parts have anticipated surging the product market growth.

AIRCRAFT ENGINES market: Key segments

  • Based on type: Turbojet Engines, Turboprop Engines, Turbofan Engines, Turboshaft Engines, and Ramjets Engine
  • Based on component: Fan, Compressor, Combustor, Turbine, Nozzle, and Others
  • Based on aircraft type: Commercial Aircraft, Military Aircraft, Business Aircraft, and Others
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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AIRCRAFT ENGINES MARKET: Report SCOPE

The report on the Aircraft Engines market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Type, Component, and Aircraft Type

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

  • GE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Rolls-Royce plc
  • Safran
  • United Technologies Corporation - Pratt & Whitney Division
  • Honeywell International Inc.
  • MTU Aero Engines
  • IHI Corporation
  • Lycoming Engines
  • Hindustan Aeronautics Limited
  • Williams International
  • Other Key Companies

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AIRCRAFT ENGINES MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Aircraft Engines Market, by Product Type

  • Turbojet Engines
  • Turboprop Engines
  • Turbofan Engines
  • Turboshaft Engines
  • Ramjets Engines

Aircraft Engines Market, by Component

  • Fan
  • Compressor
  • Combustor
  • Turbine
  • Nozzle
  • Others

Aircraft Engines Market, by Aircraft Type

  • Commercial Aircraft
  • Military Aircraft
  • Business Aircraft
  • Others

AIRCRAFT ENGINES Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends – Porters Five Forces Analysis

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