Aircraft Engines Market 2025

Aircraft Engines Market Size

The global aircraft engines market reached a value of nearly $52,818.12 million in 2024, having grown at a compound annual growth rate (CAGR) of 1.19% since 2019. The market is expected to grow from $52,818.12 million in 2024 to $63,177.75 million in 2029 at a rate of 3.65%. The market is then expected to grow at a CAGR of 3.75% from 2029 and reach $75,938.25 million in 2034.] Growth in the historic period resulted from increase in demand for air travel, increase in military and defense spending, expansion of aircraft fleets and rising maintenance, repair and overhaul (MRO) services. Factors that negatively affected growth in the historic period were contamination issues and increasing raw material costs. Going forward, rising international tourism, increase in military drone and UAV operations, government support for aircrafts and strict emission regulations will drive the growth. Factor that could hinder the growth of the aircraft engines market in the future include supply chain disruptions and lack of skilled labor.

Aircraft Engines Market Drivers

The key drivers of the aircraft engines market include: Rising International Tourism The rising international tourism is expected to propel the growth of the aircraft engines market in the coming future. International tourism is traveling to a foreign country for leisure, business, or other purposes. It involves crossing national borders to experience different cultures, visit attractions, attend events, or conduct business activities. The rising international tourism is due to increased globalization and transportation advancements. Globalization has made it easier for people to explore different cultures, conduct business and access information about travel destinations, encouraging more international trips. With increased air travel, airlines are expanding their fleets to accommodate the surge in passengers. This expansion necessitates the procurement of more aircraft engines to power new planes and replace aging ones. For instance, according to the International Trade Administration (ITA), a US-based government agency, total international arrivals in the US are expected to increase by 6.5% to reach 77.1 million in 2025, rise by 10.2% to 85 million in 2026 and grow by 6% to 90.1 million in 2027. Therefore, rising international tourism will drive the growth of the aircraft engines market.

Aircraft Engines Market Restraints

The key restraints on the aircraft engines market include: Supply Chain Disruptions Supply chain disruptions are expected to restrict the growth of the aircraft engine market going forward. Supply chain disruptions frequently result in elevated transportation and logistics costs. These increased expenses may be transferred to manufacturers and, subsequently, to airlines. Consequently, airlines may delay or decrease their orders for new aircraft engines. For instance, in May 2025, according to Resilinc EventWatchAI, a US-based platform for supply chain risk monitoring and management service, a significant 35% year-over-year increase in aerospace and defense supply chain disruptions from 2023 to 2024, rising from 9,188 disruptions in 2023 to 12,356 in 2024. Below is a summary of the top five disruptions affecting the industry in 2024. Therefore, supply chain disruptions may hinder the growth of the aircraft engine market.

Aircraft Engines Market Trends

Major trends shaping the aircraft engines market include: Focus On Manufacturing Innovative Motors Paving The Way For Sustainable Air Mobility Major companies operating in the aircraft engine market are focusing on electrifying the aircraft by manufacturing innovative motors, such as electric motors, for new air mobility to reduce emissions, enhance fuel efficiency and meet the growing demand for sustainable aviation solutions. An electric motor for new air mobility refers to a propulsion system for electric aircraft, including eVTOLs (electric Vertical Takeoff and Landing aircraft) and other advanced air mobility (AAM) vehicles. These motors are typically lightweight, efficient and capable of providing the necessary thrust to lift and propel these aircraft. For instance, in February 2025, Safran Electrical & Power, a France-based aerospace, defense and security company, achieved a world-first milestone with the certification of its ENGINeUS 100 electric motor by the European Union Aviation Safety Agency (EASA), making it the first certified electric motor for new air mobility. After 1,500 hours of certification tests and over 100 flight hours, the motor was validated for its power, lightness and air-cooling system. Capable of delivering 125 kilowatts (kW) with a weight-to-power ratio of 5 kW/kg, the ENGINeUS 100 is designed for various aircraft, from small eVTOLs to hybrid-electric commercial planes. Safran plans to mass-produce the motors starting in 2026, with a capacity to produce over 1,000 units annually. This certification is a significant step forward in developing sustainable air mobility solutions. Focus On Role Of Military Turbofan Engines In Modern Aviation Companies operating in the aircraft engine market are developing solutions to get self-sufficiency engine to expand market presence. The self-sufficiency engine generally refers to systems or technologies designed to operate independently without reliance on external resources. For instance, in March 2024, TUSAS Engine Industries Inc., a Turkey-based aerospace engine manufacturer, launched the TF6000, an indigenously developed turbofan engine. This engine marks a crucial step towards enhancing Turkey's self-sufficiency in military aviation. The TF6000 delivers a dry thrust of approximately 6,000 lbf (pound-force) (2,721.55 kilograms) and is designed to power various unmanned aerial vehicles (UAVs), including the Bayraktar Kızılelma and ANKA-3. Its development is part of Turkey's broader strategy to reduce reliance on foreign technologies and bolster national capabilities in defense. It offers unique features such as a thrust capacity of 6,000 lbf without the need for an afterburner, a 1.08 bypass ratio, a 2-stage axial fan and a 6-stage axial compressor, along with advanced technologies such as blisk manufacturing for improved efficiency and single-crystal turbine blades for high-temperature performance.

Opportunities And Recommendations In The Aircraft Engines Market

Opportunities – The top opportunities in the aircraft engines market segmented by type will arise in the turbofan segment, which will gain $7,412.25 million of global annual sales by 2029. The top opportunities in the aircraft engines market segmented by technology will arise in the electric/hybrid segment, which will gain $7,374.66 million of global annual sales by 2029. The top opportunities in the aircraft engines market segmented by platform will arise in the fixed wing segment, which will gain $8,411.01 million of global annual sales by 2029. The top opportunities in the aircraft engines market segmented by application will arise in the commercial aviation segment, which will gain $7,067.58 million of global annual sales by 2029. The aircraft engines market size will gain the most in the USA at $5,356.82 million. Recommendations- To take advantage of the opportunities, The Business Research Company recommends the aircraft engines market companies to focus on electrification to meet sustainability demands and expand market share, focus on advancing indigenous engine technologies to strengthen strategic positioning, focus on domestic engine development to build technological independence and expand capabilities , focus on advancing turbofan engine efficiency and sustainability, focus on improving specific fuel consumption and emissions performance , focus on turbofan market growth , focus on electric/hybrid engine market growth , focus on rotary wing engine market growth , expand in emerging markets , focus on expanding distribution channels for aircraft engine solutions , focus on strategic pricing for aircraft engine companies, optimize digital marketing channels, strengthen industry partnerships and thought leadership , focus on commercial aviation engine market growth.