| Product Code: ETC13356160 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Aircraft Engines Market was valued at USD 91.6 Billion in 2024 and is expected to reach USD 127.4 Billion by 2031, growing at a compound annual growth rate of 5.50% during the forecast period (2025-2031).
The Global Aircraft Engines Market is a dynamic and rapidly evolving sector driven by advancements in technology, increasing air passenger traffic, and a growing demand for fuel-efficient engines. Key players in the market include industry giants such as GE Aviation, Rolls-Royce, Pratt & Whitney, and Safran Aircraft Engines. The market is segmented based on engine types such as turbofan, turboprop, and turboshaft engines, with turbofan engines dominating the market due to their high efficiency and performance. Asia Pacific is expected to witness significant growth in the market due to the rising number of air travelers in the region. Factors such as stringent environmental regulations, the need for reduced carbon emissions, and the development of hybrid-electric propulsion systems are expected to shape the future of the aircraft engines market.
The Global Aircraft Engines Market is experiencing a shift towards more fuel-efficient and environmentally friendly engines, driven by growing awareness of sustainability. This trend presents opportunities for manufacturers to develop and offer innovative technologies such as electric and hybrid propulsion systems. Additionally, the increasing demand for air travel, especially in emerging markets, is driving the need for more efficient and reliable aircraft engines. The market is also witnessing a rise in the adoption of advanced materials and technologies, such as additive manufacturing, to enhance the performance and durability of engines. Overall, the market is poised for growth as airlines focus on reducing operating costs and improving the overall efficiency of their fleets, creating opportunities for engine manufacturers to develop cutting-edge solutions.
The Global Aircraft Engines Market faces several challenges, including stringent regulations related to emissions and noise pollution, increasing maintenance and operational costs, and the impact of geopolitical tensions on aircraft engine manufacturing and supply chains. Additionally, the market is highly competitive with major players constantly innovating to gain a competitive edge. Technological advancements and the shift towards sustainable aviation also pose challenges in terms of developing more fuel-efficient and environmentally friendly engines. Furthermore, the COVID-19 pandemic has severely impacted air travel demand, leading to a decrease in new aircraft orders and a slowdown in aftermarket services, further adding to the challenges faced by the aircraft engines market.
The Global Aircraft Engines Market is primarily driven by the increasing demand for air travel, leading to higher aircraft deliveries and fleet expansion. Additionally, the focus on fuel efficiency and emission reduction is prompting airlines to upgrade to more advanced and efficient engines. Technological advancements, such as the development of lightweight materials and more powerful engines, are also driving market growth. Moreover, the rise in defense spending and military modernization programs worldwide are boosting the demand for military aircraft engines. Furthermore, the growing trend towards engine MRO (maintenance, repair, and overhaul) services is creating opportunities for market expansion as airlines seek to optimize the performance and lifespan of their engines while reducing maintenance costs.
Government policies related to the Global Aircraft Engines Market primarily focus on safety regulations, emissions standards, and trade agreements. Regulatory bodies such as the Federal Aviation Administration (FAA) in the United States and the European Aviation Safety Agency (EASA) in Europe enforce strict guidelines to ensure the safety and reliability of aircraft engines. Additionally, there is an increasing emphasis on reducing emissions from aircraft engines to mitigate environmental impact, leading to the implementation of stricter emission standards globally. Trade agreements and tariffs also play a significant role in shaping the market dynamics, impacting the competitiveness and pricing of aircraft engines across different regions. Overall, government policies in the Global Aircraft Engines Market aim to promote safety, sustainability, and fair competition among industry players.
The Global Aircraft Engines Market is expected to witness steady growth in the coming years due to increasing air travel demand, especially in emerging economies. The rising need for fuel-efficient and technologically advanced engines, along with the growing focus on reducing carbon emissions, will drive innovation and investment in the market. Electric and hybrid propulsion systems are likely to gain traction as the aviation industry seeks more sustainable solutions. Additionally, the rise of unmanned aerial vehicles (UAVs) and urban air mobility (UAM) will create new opportunities for engine manufacturers. However, challenges such as regulatory hurdles, geopolitical tensions, and the impact of the COVID-19 pandemic on air travel could pose temporary setbacks. Overall, the Global Aircraft Engines Market is poised for growth, driven by technological advancements and evolving market dynamics.
In the global aircraft engines market, Asia is expected to witness significant growth driven by the increasing demand for air travel in countries like China and India. North America is a major player in the market with established aerospace industries and technological advancements. Europe is another key region with a strong presence of leading aircraft engine manufacturers and a focus on sustainable aviation. The Middle East and Africa region is experiencing growth due to the expansion of airlines and investments in new aircraft fleets. Latin America is also showing promise in the market with a growing aviation sector and increasing air passenger traffic. Overall, the global aircraft engines market is dynamic and evolving, with each region contributing to its growth in unique ways.
Global Aircraft Engines Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Aircraft Engines Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Aircraft Engines Market Revenues & Volume, 2021 & 2031F |
3.3 Global Aircraft Engines Market - Industry Life Cycle |
3.4 Global Aircraft Engines Market - Porter's Five Forces |
3.5 Global Aircraft Engines Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Aircraft Engines Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Aircraft Engines Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.8 Global Aircraft Engines Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.9 Global Aircraft Engines Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Aircraft Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Aircraft Engines Market Trends |
6 Global Aircraft Engines Market, 2021 - 2031 |
6.1 Global Aircraft Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Aircraft Engines Market, Revenues & Volume, By Turboprop, 2021 - 2031 |
6.1.3 Global Aircraft Engines Market, Revenues & Volume, By Turboshaft, 2021 - 2031 |
6.1.4 Global Aircraft Engines Market, Revenues & Volume, By Turbofan, 2021 - 2031 |
6.1.5 Global Aircraft Engines Market, Revenues & Volume, By Piston Engine, 2021 - 2031 |
6.2 Global Aircraft Engines Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Aircraft Engines Market, Revenues & Volume, By Conventional Engine, 2021 - 2031 |
6.2.3 Global Aircraft Engines Market, Revenues & Volume, By Electric/Hybrid, 2021 - 2031 |
6.3 Global Aircraft Engines Market, Revenues & Volume, By Platform, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Aircraft Engines Market, Revenues & Volume, By Fixed Wing, 2021 - 2031 |
6.3.3 Global Aircraft Engines Market, Revenues & Volume, By Rotary Wing, 2021 - 2031 |
6.4 Global Aircraft Engines Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Aircraft Engines Market, Revenues & Volume, By General Aviation, 2021 - 2031 |
6.4.3 Global Aircraft Engines Market, Revenues & Volume, By Business Aviation, 2021 - 2031 |
6.4.4 Global Aircraft Engines Market, Revenues & Volume, By Recreational Aviation, 2021 - 2031 |
6.4.5 Global Aircraft Engines Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Aircraft Engines Market, Overview & Analysis |
7.1 North America Aircraft Engines Market Revenues & Volume, 2021 - 2031 |
7.2 North America Aircraft Engines Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Aircraft Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Aircraft Engines Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.5 North America Aircraft Engines Market, Revenues & Volume, By Platform, 2021 - 2031 |
7.6 North America Aircraft Engines Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Aircraft Engines Market, Overview & Analysis |
8.1 Latin America (LATAM) Aircraft Engines Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Aircraft Engines Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Aircraft Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Aircraft Engines Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.5 Latin America (LATAM) Aircraft Engines Market, Revenues & Volume, By Platform, 2021 - 2031 |
8.6 Latin America (LATAM) Aircraft Engines Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Aircraft Engines Market, Overview & Analysis |
9.1 Asia Aircraft Engines Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Aircraft Engines Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Aircraft Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Aircraft Engines Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.5 Asia Aircraft Engines Market, Revenues & Volume, By Platform, 2021 - 2031 |
9.6 Asia Aircraft Engines Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Aircraft Engines Market, Overview & Analysis |
10.1 Africa Aircraft Engines Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Aircraft Engines Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Aircraft Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Aircraft Engines Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.5 Africa Aircraft Engines Market, Revenues & Volume, By Platform, 2021 - 2031 |
10.6 Africa Aircraft Engines Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Aircraft Engines Market, Overview & Analysis |
11.1 Europe Aircraft Engines Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Aircraft Engines Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Aircraft Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Aircraft Engines Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.5 Europe Aircraft Engines Market, Revenues & Volume, By Platform, 2021 - 2031 |
11.6 Europe Aircraft Engines Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Aircraft Engines Market, Overview & Analysis |
12.1 Middle East Aircraft Engines Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Aircraft Engines Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Aircraft Engines Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Aircraft Engines Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Aircraft Engines Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.5 Middle East Aircraft Engines Market, Revenues & Volume, By Platform, 2021 - 2031 |
12.6 Middle East Aircraft Engines Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Aircraft Engines Market Key Performance Indicators |
14 Global Aircraft Engines Market - Export/Import By Countries Assessment |
15 Global Aircraft Engines Market - Opportunity Assessment |
15.1 Global Aircraft Engines Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Aircraft Engines Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Aircraft Engines Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.4 Global Aircraft Engines Market Opportunity Assessment, By Platform, 2021 & 2031F |
15.5 Global Aircraft Engines Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Aircraft Engines Market - Competitive Landscape |
16.1 Global Aircraft Engines Market Revenue Share, By Companies, 2024 |
16.2 Global Aircraft Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |