Global Aircraft Engine Market Size, Share & Trend Analysis- By Type, By Platform, By Component, By Technology, Regional Outlook, Competitive Tactics, and Segment Forecast to 2031

The Global Aircraft Engine Market size was estimated at USD 60.8 billion in 2021 and is expected to hit around USD 133.59 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 9.14% from 2022 to 2030.

Global Aircraft Engine Market: Breakup by Region, 2022 & 2031

Diagram Description automatically generated with low confidence

Source: Primary Research and Secondary Research Analysis

An aircraft engine is a propulsion system that is used to power an aircraft, converting fuel energy into mechanical energy to generate thrust. The main function of an aircraft engine is to provide the necessary thrust to lift an aircraft off the ground, overcome air resistance, and maintain altitude and speed during flight.

There are several types of aircraft engines, including piston engines, turboprop engines, turbojet engines, turbofan engines, and turboshaft engines. Each type of engine has its own unique characteristics and applications. Piston engines are typically used in smaller aircraft and are similar to the engines found in cars. They use reciprocating motion to drive a propeller and generate thrust. Turboprop engines are also used in smaller aircraft and use a turbine to drive a propeller. They are more efficient at lower speeds than turbojet engines and are commonly used for regional airlines and corporate aircraft. Turbojet engines use a turbine to compress air, which is then mixed with fuel and ignited to create a high-velocity exhaust stream that generates thrust. They are typically used in military fighter jets and supersonic passenger aircraft. Turbofan engines are similar to turbojet engines, but they have an additional fan that provides additional thrust and increases efficiency. They are commonly used in commercial airliners and military transport aircraft. Turboshaft engines are used in helicopters and other vertical takeoff and landing (VTOL) aircraft. They use a turbine to generate power that is then transferred to the rotor blades to provide lift and propulsion. Overall, aircraft engines are critical components of modern aviation, and advancements in engine technology have enabled more efficient and environmentally friendly flight.

The global market for aircraft engines encompasses manufacturers, suppliers, distributors, and service providers involved in the production and sale of engines for various types of aircraft, including commercial, military, and general aviation. Factors driving the market include the rising demand for air travel, technological innovations, and government regulations. As airlines aim to enhance their efficiency, reliability, and safety, the demand for advanced and efficient engines is increasing. Additionally, governments worldwide are imposing stricter regulations on emissions and noise levels, resulting in the demand for eco-friendly and fuel-efficient engines.

The market is projected to continue to expand in the coming years, driven by the increasing demand for air travel, the trend of replacing aging aircraft with more efficient ones, and the need for military aircraft to address global security challenges. Nevertheless, the market confronts challenges such as intensifying competition, evolving regulations, and disruptions in the supply chain.

Global Aircraft Engine Market Research Report, 2020-2031

Table of Contents

  1. 1. Introduction
    1. Report description
    2. Key market segments
    3. Regional Scope
    4. Executive Summary
  2. 2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. Secondary Analyst Tools and Models
  3. 3. Market Dynamics
    1. Market driver analysis
    2. Market restraint analysis
    3. Market Opportunity    
    4. Market Challenges
    5. Impact analysis of COVID-19 on the Aircraft Engine Market
  4. 4. Market Variables and Outlook
    1. SWOT Analysis
      1. Strengths
      2. Weaknesses
      3. Opportunities
      4. Threats
    2. Supply Chain Analysis
    3. PESTEL Analysis
      1. Political Landscape
      2. Economic Landscape
      3. Social Landscape
      4. Technological Landscape
      5. Environmental Landscape
      6. Legal Landscape
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitute
      4. Threat of New Entrant
      5. Competitive Rivalry
  5. 5. Aircraft Engine Market: Type Estimates & Trend Analysis
    1. Aircraft Engine Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Turboprop
      1. Market Size & Forecast, 2020-2031
    4. Turbofan
      1. Market Size & Forecast, 2020-2031
    5. Turboshaft
      1. Market Size & Forecast, 2020-2031
    6. Piston Engine
      1. Market Size & Forecast, 2020-2031
  6. 6. Aircraft Engine Market: Component Estimates & Trend Analysis
    1. Aircraft Engine Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Compressor
      1. Market Size & Forecast, 2020-2031
    4. Turbine
      1. Market Size & Forecast, 2020-2031
    5. Gearbox
      1. Market Size & Forecast, 2020-2031
    6. Exhaust System
      1. Market Size & Forecast, 2020-2031
    7. Fuel System
      1. Market Size & Forecast, 2020-2031
    8. Others
      1. Market Size & Forecast, 2020-2031
  7. 7. Aircraft Engine Market: Platform Estimates & Trend Analysis
    1. Aircraft Engine Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Fixed Wing Aircraft
      1. Market Size & Forecast, 2020-2031
    4. Rotary Wing Aircraft
      1. Market Size & Forecast, 2020-2031
    5. Unmanned Ariel Vehicles
      1. Market Size & Forecast, 2020-2031
  8. 8. Aircraft Engine Market: Technology Estimates & Trend Analysis
    1. Aircraft Engine Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Conventional
      1. Market Size & Forecast, 2020-2031
    4. Hybrid
      1. Market Size & Forecast, 2020-2031
  9. 9. Aircraft Engine Market: Regional Estimates & Trend Analysis
    1. Aircraft Engine Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. North America
      1. Market Size & Forecast, 2020-2031
    4. Europe
      1. Market Size & Forecast, 2020-2031
    5. Asia Pacific
      1. Market Size & Forecast, 2020-2031
    6. Middle East & Africa
      1. Market Size & Forecast, 2020-2031
    7. Latin America
      1. Market Size & Forecast, 2020-2031
  10. 10. Aircraft Engine Market: Country Estimates & Trend Analysis
    1. Aircraft Engine Market value share and forecast, (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. U.S.
      1. Market Size & Forecast, 2020-2031
    4. Canada
      1. Market Size & Forecast, 2020-2031
    5. Mexico
      1. Market Size & Forecast, 2020-2031
    6. UK
      1. Market Size & Forecast, 2020-2031
    7. France
      1. Market Size & Forecast, 2020-2031
    8. Germany
      1. Market Size & Forecast, 2020-2031
    9. Russia
      1. Market Size & Forecast, 2020-2031
    10. Italy
      1. Market Size & Forecast, 2020-2031
    11. Spain
      1. Market Size & Forecast, 2020-2031
    12. China
      1. Market Size & Forecast, 2020-2031
    13. India
      1. Market Size & Forecast, 2020-2031
    14. Japan
      1. Market Size & Forecast, 2020-2031
    15. Indonesia
      1. Market Size & Forecast, 2020-2031
    16. South Korea
      1. Market Size & Forecast, 2020-2031
    17. Australia
      1. Market Size & Forecast, 2020-2031
    18. Brazil
      1. Market Size & Forecast, 2020-2031
    19. Argentina
      1. Market Size & Forecast, 2020-2031
    20. Saudi Arabia
      1. Market Size & Forecast, 2020-2031
    21. UAE
      1. Market Size & Forecast, 2020-2031
    22. South Africa
      1. Market Size & Forecast, 2020-2031
  11. 11. Competitive Landscape
    1. Company Market Share Analysis
    2. Vendor Landscape
    3. Competition Dashboard
  12. 12. Company Profiles
    1. Business Overview, Product Landscape, Financial Performanceand Company Strategies for below companies
    2. Barnes Group Inc
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    3. CFM International
      1. ` Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    4. Engine Alliance
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    5. Euravia Engineering & Supply Co. Ltd.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    6. General Electric
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    7. Honeywell International Inc.
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    8. IHI Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    9. Lycoming Engines
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    10. Mitsubishi Heavy Industries Ltd
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    11. MTU Aero Engines AG
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    12. Raytheon Technologies Corporation
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    13. Rolls-Royce plc
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    14. Safran
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    15. Textron Inc
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
  13. 13. Conclusion


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