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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Aircraft Engine Market
The report presents a detailed analysis of the following key players in the global aircraft engine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Honeywell International Inc.
- Safran Group
- General Electric Company
- Rolls-Royce plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Aircraft Engine Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global aircraft engine market is being aided by the growing demand for commercial aircraft engine, which reached a value of USD 95.1 billion in 2023.
The demand for commercial aircraft engine is expected to grow at a steady pace in the forecast period of 2024-2032 to attain USD 179.3 billion by 2032, further aiding the aircraft engine market.
The major market drivers include the increasing technological advancements in the aviation industry and the increasing focus of the aircraft component manufacturers to enhance performance, improve fuel efficiency, and reduce engine weight.
The growing availability of cheaper flight options, increasing investments in research and development (R&D) by leading companies, and rising defence expenditure for military aircrafts are the key trends augmenting the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant engine types considered in the market report are turboprop, turboshaft, turbofan, and piston engine, among others.
The major wing types in the market are fixed wing and rotary wing.
The different aircraft types considered in the market report are commercial, military, and general, among others.
The major players in the market are Honeywell International Inc., Safran Group, General Electric Company, and Rolls-Royce plc, among others.
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