The Aircraft Turbofan Engine 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 Turbofan Engine Market?
The market size for the aircraft turbofan engine has seen substantial growth in the past years. It is projected that it will increase from $3.15 billion in 2024 to $3.36 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Aircraft Turbofan Engine Industry?
The global market for aircraft turbofan engines is predicted to reach $4.41 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.0%.
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What are the Key Growth Drivers Fueling the Aircraft Turbofan Engine Market?
The key drivers in the aircraft turbofan engine market are:
• Fostering demand for sustainable aviation
• Increase in global air traffic
• Intensified research and development investments
• Enhanced focus on noise reduction in aviation
Global Market Segmentation: Identifying Major Aircraft Turbofan Engine Industry Segments
The aircraft turbofan engine market covered in this report is segmented –
1) By Engine Type: PW4000, GEnx, Trent 1000, F414, GP7000, Other Engines
2) By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft
3) By Platform: Fixed Wing, Rotary Wing
4) By Application: Military Aviation, Commercial Air Transport, Other Applications
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What are the Emerging Trends Shaping the Future of the Aircraft Turbofan Engine Market?
The key trends in the aircraft turbofan engine market are:
• Advancements in engine technology are a key emerging trend in the aircraft turbofan engine market.
• High-bypass ratio engines are increasingly becoming dominant in the market.
• Digitalization and engine health monitoring are significant trends shaping the future of the market.
• Hybrid-electric and sustainable aviation, alongside retrofitting and engine upgrades, are also major emerging trends.
Who Are the Top Competitors & Leading Players in the Aircraft Turbofan Engine Market?
The major players in the aircraft turbofan engine market are:
• Pratt & Whitney Canada Corp
Regional Dominance: Which Area Leads the Global Aircraft Turbofan Engine Market?
North America was the largest region in the aircraft turbofan engine market in 2024
