The Aircraft Engines Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Aircraft Engines Market?
The Aircraft Engines Global Market Report 2025 indicates a steady growth trend. The market size rose from $53.48 billion in 2024 and is projected to reach $55.07 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Aircraft Engines Industry?
The Aircraft Engines Global Market is projected to reach a market size of $63.04 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 3.4%.
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What are the Key Growth Drivers Fueling the Aircraft Engines Market?
The key drivers in the aircraft engines market are:
• Ongoing advancements in sustainable aviation
• The emergence of new technologies related to aircraft engines
• The growth of the aircraft engine market in emerging economies
• The development and implementation of urban air mobility (UAM)
Global Market Segmentation: Identifying Major Aircraft Engines Industry Segments
The aircraft engines market covered in this report is segmented –
1) By Type: Turboprop, Turboshaft, Turbofan, Piston Engine
2) By Technology: Conventional Engine, Electric/Hybrid
3) By Platform: Fixed Wing, Rotary Wing
4) By Application: General Aviation, Business Aviation, Recreational Aviation, Others
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What are the Emerging Trends Shaping the Future of the Aircraft Engines Market?
The key trends in the aircraft engines market are:
• Sustainable aviation and emissions reduction are trending towards shaping the future of the market.
• Emerging technologies are impacting the sector significantly.
• The rise of urban air mobility (UAM) offers a new trend in the market.
• Advances in materials and manufacturing, high bypass turbofans, and geared turbofan engines are other trending factors.
Who Are the Top Competitors & Leading Players in the Aircraft Engines Market?
Major companies in the aircraft engines market are:
• General Electric Company
• Rolls-Royce Limited
• Honeywell International Inc.
• United Technologies Corporation
• Safran S.A.
• IAE International Aero Engines AG
• MTU Aero Engines
• Textron Inc.
• Hindustan Aeronautics Limited
• Klimov
• Continental Motors Group
• United Engine Corporation
• Motor Sich
• AVIC Aircraft
• Aero Engine Corporation of China
• Barnes Group
• Pratt & Whitney
• UEC-Aviadvigatel JSC
• Ivchenko-Progress
• NPO Saturn
• PowerJet
• EuroJet Turbo GmbH
• Xi’an Aero-Engine Corporation (XAEC)
• Guizhou Aircraft Industry Corporation (GAIC)
• IHI Corporation
• Williams International
• Austro Engine GmbH
• Textron Aviation Inc.
• BRP-Rotax GmbH & Co KG
• Teledyne Continental Motors
• Thielert Aircraft Engines GmbH
• UEC Saturn
• CFM International
• Engine Alliance
Regional Dominance: Which Area Leads the Global Aircraft Engines Market?
North America was the largest region in the aircraft engine market in 2023
