The report covers Global Commercial Aircraft Engines Manufacturers and the market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Regional Aircraft), and by Engine Type (Turbofan and Turboprop) and by Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

CFM International is the leading commercial aircraft engine manufacturer, with ** percent of the engine market worldwide in 2020. In 2021, the global aircraft engine MRO market is expected to be worth **** billion U.S. dollars.

The Aircraft Engines Market Report is Segmented by Engine Type (Turbofan, Turboprop, and More), Aircraft Type (Commercial Aviation, and More), Technology (Geared Turbofan, and More), Thrust Class (Less Than 10, 000 Lbf, and More), Component (Compressor, Turbine, and More), End-User (OEM Factory-Fit, and More) and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2020, CFM International held ** percent of the commercial aircraft engine market in North America. General Electric Aviation came third, with ** percent of the North American market.

The commercial aircraft engine market is poised for substantial growth, projected to reach a value of $550.1 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 5.7% from 2025 to 2033. This expansion is driven by several key factors. The increasing demand for air travel, particularly in emerging economies, fuels the need for more efficient and powerful engines. Furthermore, the ongoing trend towards larger, more fuel-efficient aircraft, coupled with stricter environmental regulations promoting reduced carbon emissions, is driving innovation and investment in advanced engine technologies. Technological advancements, including the development of lighter, more durable materials and improved engine design, further contribute to market growth. Major players like General Electric, Rolls-Royce, and Pratt & Whitney are at the forefront of these advancements, constantly striving to enhance engine performance and reduce operating costs for airlines. Competition within the sector is fierce, fostering a dynamic environment of continuous improvement and technological breakthroughs. However, the market also faces challenges. The global economic climate, potential disruptions to supply chains, and fluctuating fuel prices pose significant uncertainties. While technological advancements are driving growth, the high initial investment costs associated with developing and manufacturing new engines can create barriers to entry for smaller players. Nevertheless, the long-term outlook for the commercial aircraft engine market remains positive, fueled by the consistent growth of the air travel industry and the ongoing need for more sustainable and efficient aviation solutions. The market segmentation (although not explicitly detailed in the prompt) likely reflects various engine types (e.g., turbofans, turboprops) and aircraft sizes (narrow-body, wide-body), each with its own growth trajectory and competitive landscape.

Commercial Aircraft Engine Market Outlook

The global commercial aircraft engine market size was valued at approximately USD 81 billion in 2023 and is projected to reach around USD 130 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period. This growth is primarily driven by the increasing demand for new-generation fuel-efficient aircraft, advancements in aviation technology, and the burgeoning air travel industry. The commercial aviation sector is poised for substantial growth due to rising disposable incomes, globalization, and heightened connectivity, all of which contribute to the increasing number of air travelers worldwide.

One of the primary growth factors in the commercial aircraft engine market is the significant technological advancements in engine design and manufacturing. The development of more efficient, quieter, and environmentally friendly engines is a major driver. Manufacturers are investing heavily in research and development to produce engines that consume less fuel and emit fewer pollutants, meeting stringent environmental regulations. These technological advancements not only enhance the performance and efficiency of aircraft but also reduce operational costs for airlines, making new engine technologies highly attractive.

The rising demand for air travel, particularly in emerging economies, is another crucial growth factor. Countries in the Asia Pacific and Latin America regions are experiencing rapid economic growth, leading to increased disposable incomes and a burgeoning middle class. This has resulted in a surge in air travel demand, necessitating the expansion of airline fleets. Airlines are increasingly investing in newer, more efficient aircraft to cater to this growing passenger base, thereby driving the demand for commercial aircraft engines.

Additionally, the growing focus on sustainability and reducing carbon footprints is fostering the development of green aviation technologies. Governments and regulatory bodies worldwide are imposing stricter emissions regulations, pushing the aviation industry to adopt cleaner technologies. The introduction of biofuels and hybrid-electric propulsion systems in aircraft engines is a significant step towards achieving sustainability goals. This trend is expected to further boost the demand for next-generation aircraft engines that are not only efficient but also environmentally friendly.

Wide-body Aircraft Engine technology is a critical component in the aviation industry, particularly for long-haul international flights. These engines are designed to power larger aircraft that carry more passengers and cargo over extended distances. The development of wide-body aircraft engines focuses on enhancing fuel efficiency and reducing emissions, aligning with the industry's sustainability goals. Innovations in materials and aerodynamics contribute to the improved performance of these engines, making them a preferred choice for airlines operating intercontinental routes. As the demand for international travel grows, the need for advanced wide-body aircraft engines continues to rise, driving further research and development in this segment.

Regionally, the Asia Pacific is anticipated to witness the highest growth rate in the commercial aircraft engine market. The region's rapid economic development, coupled with increasing urbanization and a burgeoning middle class, is driving the demand for air travel. North America and Europe also hold significant market shares, given the presence of major aircraft manufacturers and established airline networks. The Middle East & Africa and Latin America are expected to witness moderate growth, driven by economic development and increasing tourism. Overall, the global commercial aircraft engine market is poised for robust growth, supported by technological advancements, rising air travel demand, and a growing focus on sustainability.

Engine Type Analysis

The commercial aircraft engine market is segmented by engine type into turbofan, turboprop, turboshaft, and piston engines. Turbofan engines dominate the market due to their widespread use in commercial aviation, particularly in large passenger and cargo aircraft. These engines offer a high thrust-to-weight ratio, fuel efficiency, and lower noise levels, making them ideal for long-haul flights. The development of advanced turbofan engines with higher bypass ratios further enhances their efficiency and performance, leading to their con

According to Cognitive Market Research, the global aircraft engine market size is USD 75.1 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031. Market Dynamics of Aircraft Engine Market

Key Drivers for Aircraft Engine Market

Technological advancement- The primary driver propelling the aviation engine market is the incorporation of cutting-edge technologies, such as digital monitoring systems, predictive maintenance tools, and innovative materials, into these engines. These innovations make maintenance more efficient, which in turn allows MRO companies to deliver services like predictive and preventive maintenance. The need for services to keep aviation engines running at peak performance for their entire lifespan is rising as a result of improvements in engine design and manufacture that produce engines that last longer and are more efficient. Airline network expansions are a direct result of the rising demand for air travel, which is driving market growth.

Key Restraints for Aircraft Engine Market

One major factor limiting market growth is the aviation industry's concern with security and maintenance requirements. The high costs of upkeep of aircraft engines are expected to limit the aviation engine market. Introduction of the Aircraft Engine Market

An aircraft engine provides propulsion to an airplane at takeoff and landing, as well as during flying. Improvements in fuel efficiency and passenger and cargo comfort are driving forces behind the expected expansion of the worldwide aviation engines market. Even while demand may be stronger for aircraft engines in commercial applications, their role in the military's battle against terrorism, drug trafficking, and illegal infiltration is projected to grow. A growing number of aircraft engines could be fitted to newly constructed commercial aircraft in the commercial sector to accommodate the ever-increasing number of passengers. Aircraft manufacturers and major original equipment manufacturers (OEMs) are working on more fuel-efficient planes to cut down on gas usage. Aircraft fuel efficiency has been a primary emphasis for manufacturers due to the increasing cost of fuel. Many companies are working on lighter engines to help aircraft achieve better fuel efficiency by decreasing the overall weight of the plane. Composite materials, such as reinforced polymers, which are both lightweight and strong, are fueling the market's expansion.

Between 2020 and 2029, General Electric Aviation is expected to account for over ** percent of the aircraft engine maintenance, repair, and overhaul (MRO) market. During the same period, CFM International will most likely provide ** percent of commercial aircraft MRO market supply. Aircraft engine MRO market To sustain decent functioning of a highly complex aircraft, it must be constantly checked and repaired. MRO market firms provide various services including aircraft engine and components maintenance, airframe modifications and repair. Globally, the aircraft engine MRO market is expected to reach **** billion U.S. dollars by 2030. In Western Europe, the market for aircraft MRO is estimated to reach around **** billion U.S. dollars. From 2017 to 2026, engine maintenance will account for ** percent of the aircraft MRO demand in North America. Over the upcoming decade, in emerging market economies, the MRO services are expected to grow at a comparatively higher rate than in developed market economies. In Africa, for instance, the maintenance of aircraft components composed ** percent of the aircraft MRO demand in 2017. Firms providing aircraft MRO services Since the total engine MRO market is projected to be worth **** billion U.S. dollars in 2020, the profit attracts many competing firms. Yet, performing maintenance or overhaul of an aircraft is highly technical and skill intensive. In addition, around the globe, this market is highly regulated by the government to facilitate the safe and sound functioning of the airline industry. Therefore, there are a few companies providing MRO services. Between 2019 and 2020, CFM international will most likely generate over ** billion U.S. dollars by providing engine MRO services. Besides CFM International, there are many other companies providing MRO activities, such as Lufthansa Technik, Rolls-Royce and General Electric Aviation.

Aircraft Engine Market size was valued at USD 49.01 billion in 2021 and is poised to grow from USD 54.34 billion in 2022 to USD 137.54 billion by 2030, growing at a CAGR of 10.87% in the forecast period (2023-2030).

The commercial aircraft engine market is experiencing robust growth, driven by the increasing demand for air travel globally and the ongoing replacement of older, less fuel-efficient engines. The market is estimated at $50 billion in 2025, projected to reach approximately $75 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of approximately 7%. This expansion is fueled by several key trends: a rising preference for fuel-efficient engines to reduce operational costs for airlines, technological advancements leading to improved engine performance and reduced emissions, and the increasing adoption of newer, more technologically advanced aircraft models. Major players like GE, Rolls-Royce, and Pratt & Whitney are at the forefront of innovation, constantly developing and deploying advanced engine technologies. However, the market faces certain restraints, including supply chain disruptions, fluctuating fuel prices, and the cyclical nature of the aviation industry. The market segmentation includes various engine types catering to different aircraft sizes and operational requirements. The regional distribution showcases strong growth in Asia-Pacific, driven by rapid economic expansion and rising air passenger traffic within the region. North America and Europe also remain significant markets, with established aviation infrastructure and a large fleet of commercial aircraft requiring regular maintenance and engine replacements. Competition among manufacturers is fierce, with companies focusing on technological advancements, cost-effective maintenance solutions, and strategic partnerships to secure market share. The aftermarket segment, encompassing engine maintenance, repair, and overhaul (MRO), represents a significant portion of the market's overall value, contributing to sustained long-term growth prospects.

The global commercial aircraft engine market is experiencing robust growth, driven by increasing air travel demand and a steady fleet renewal cycle. The market size in 2025 is estimated at $25 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth trajectory is fueled by several key factors. Firstly, the ongoing replacement of older, less fuel-efficient engines with newer, technologically advanced models is a significant driver. Secondly, emerging economies in Asia-Pacific and the Middle East are witnessing a surge in air travel, leading to a heightened demand for new aircraft and consequently, new engines. Finally, advancements in engine technology, such as improved fuel efficiency and reduced emissions, are making aircraft operations more cost-effective and environmentally sustainable, thus further stimulating market growth. The market segmentation reveals a diversified landscape. Turbojet engines currently hold a larger market share, but gas turbine engines are expected to witness faster growth in the forecast period due to their superior performance and adaptability to various aircraft types. Key applications include airline fleets (dominating the market), enterprise groups (primarily for private and business jets), and other niche sectors. Major players in the market, including GE, Rolls-Royce, Pratt & Whitney, and others, are focusing on research and development, strategic partnerships, and mergers & acquisitions to maintain their market leadership and capitalize on emerging opportunities. While the market faces potential restraints from fluctuating fuel prices and geopolitical uncertainties, the long-term outlook remains positive, with the continuous expansion of air travel globally expected to sustain the impressive growth trajectory for the foreseeable future. This report provides a detailed analysis of the global commercial aircraft engines market, valued at approximately $50 billion in 2023, projecting robust growth to reach $75 billion by 2030. It delves into market concentration, key trends, regional dominance, product insights, and future growth catalysts, offering invaluable insights for industry stakeholders. Keywords: Commercial aircraft engines market size, aircraft engine maintenance, turbofan engine technology, aerospace engine manufacturers, airline engine maintenance, gas turbine engine market, aircraft engine repair, commercial aviation engine market.

The global commercial aircraft engines market, valued at $61.82 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 13.02% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning air travel industry, particularly in emerging economies, necessitates a significant increase in aircraft production, directly driving demand for new and more efficient engines. Furthermore, stringent environmental regulations promoting reduced carbon emissions are pushing manufacturers to invest heavily in research and development of fuel-efficient and sustainable engine technologies. This trend favors the adoption of advanced materials and innovative designs, further stimulating market growth. Increased demand for larger, long-haul aircraft also plays a significant role, as these planes require more powerful and technologically advanced engines. Competition among leading manufacturers like Honeywell, CFM International, Rolls-Royce, and Pratt & Whitney is intensifying, leading to continuous advancements in engine performance, reliability, and maintenance efficiency. However, the market faces potential challenges such as fluctuating fuel prices, economic downturns that could affect air travel demand, and supply chain disruptions. Despite these potential restraints, the long-term outlook for the commercial aircraft engines market remains positive. The continued expansion of the global airline industry, coupled with technological advancements and the imperative for sustainable aviation, ensures sustained growth. The market segmentation, while not explicitly provided, is likely to reflect engine size categories (e.g., narrow-body, wide-body), technological advancements (e.g., geared turbofans, open-rotor engines), and regional variations in demand. Continuous innovation in engine design and materials, alongside strategic partnerships and mergers & acquisitions within the industry, will be crucial in shaping the market landscape over the forecast period. The ongoing focus on reducing maintenance costs and extending engine lifespan also presents significant opportunities for growth. Key drivers for this market are: Increase in Internet of Things (IoT) and Autonomous Systems, Rise in Demand for Military and Defense Satellite Communication Solutions. Potential restraints include: Cybersecurity Threats to Satellite Communication, Interference in Transmission of Data. Notable trends are: Wide-Body Aircraft Segment is Anticipated to Grow with the Highest CAGR During the Forecast Period.

Get key insights from Market Research Intellect's Commercial Aircraft Engine Sales Market Report, valued at USD 25.5 billion in 2024, and forecast to grow to USD 38.2 billion by 2033, with a CAGR of 5.9% (2026-2033).

The commercial aircraft engine market is experiencing robust growth, driven by increasing air passenger traffic, fleet modernization, and the demand for fuel-efficient engines. The market, currently valued at approximately $30 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This expansion is fueled by several key factors. The rise of low-cost carriers and the expansion of air travel in emerging economies are significantly boosting demand for new aircraft and engine replacements. Furthermore, stringent environmental regulations are pushing manufacturers to develop more sustainable and fuel-efficient engines, a trend further stimulating market growth. Technological advancements in engine design, materials, and manufacturing processes are also contributing to improved performance, durability, and reduced maintenance costs. Segmentation within the market reveals strong growth in both turbojet and gas turbine engines, with airline applications dominating market share. Leading manufacturers like GE, Rolls-Royce, and Pratt & Whitney are strategically investing in research and development to maintain their competitive edge in this dynamic market. The geographic distribution of the market is broad, with North America and Europe currently holding significant shares, however, rapid growth is anticipated in the Asia-Pacific region driven by economic expansion and the burgeoning air travel sector within the region. The competitive landscape is highly consolidated, with major players focusing on strategic partnerships, mergers, and acquisitions to expand their market reach and technological capabilities. Maintenance, repair, and overhaul (MRO) services are also a significant segment within the market, offering substantial growth opportunities. However, challenges remain, including fluctuating fuel prices, geopolitical instability, and the potential impact of economic downturns on air travel demand. Nevertheless, the long-term outlook for the commercial aircraft engine market remains positive, with continued growth projected throughout the forecast period driven by the fundamental drivers of increasing air travel and ongoing technological innovation. The market is anticipated to surpass $50 billion by 2033.

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Americas Aircraft Engines Market Size 2024-2028

The Americas aircraft engines market size is forecast to increase by USD 7.94 billion at a CAGR of 5.6% between 2023 and 2028.

The aircraft engines market In the Americas is experiencing significant growth due to several key factors. The region's growing urbanization and increasing global passenger traffic are driving the demand for more efficient and reliable aircraft engines, with travel trends and analytics playing a key role in shaping future innovations. Additionally, the integration of advanced technological innovations in turbofan engines is enhancing engine performance and fuel efficiency.
However, the lack of skilled labor in aircraft engine manufacturing poses a challenge to market growth. To address this issue, companies are investing in training programs and partnerships with educational institutions to develop a skilled workforce. Overall, the market is expected to witness steady growth In the coming years as these trends continue to shape the industry landscape.

What will be the size of the Americas Aircraft Engines Market during the forecast period?

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The aircraft engines market In the Americas is driven by the increasing demand for thrust and power from fan, compressor, combustor, turbine, mixer, and nozzle components in both commercial and military aircraft operations. Consumption of jet fuel remains a significant cost factor, leading to a focus on fuel efficiency and reducing carbon footprint through advanced combustion chambers and exhaust air management systems. The growth of aviation, driven by passenger traffic and air travel, fuels the demand for new and innovative aircraft engines. UAVs and unmanned aerial vehicles are also gaining traction, creating new opportunities for the aircraft engines industry. Digital technologies, including intelligent scheduling, real-time analytics, and remote working, are transforming the industry, enabling more efficient operations and maintenance.
The shift towards electric and hybrid engines is another emerging trend, as the industry explores sustainable alternatives to traditional jet fuel.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Turbofan
  Turboprop
  Turboshaft
  Piston


Application

  Commercial aircraft
  Business jet
  Military aircraft


Geography

  Americas

By Type Insights

The turbofan segment is estimated to witness significant growth during the forecast period.

The aircraft engines market In the Americas is driven by the increasing demand for fuel-efficient turbofan engines. Airline profitability relies heavily on fuel consumption, making fuel efficiency a top priority for manufacturers of aircraft engines. Turbofan engines offer several advantages, including improved fuel efficiency and quieter operation, making them the preferred choice for airlines. Manufacturers are focusing on reducing carbon emissions and engine weight by developing advanced fuel-efficient engines. The growth of air traffic and aircraft orders further boosts the market. Real-time analytics, intelligent scheduling, and digital technologies are also transforming the aircraft engine manufacturing and Maintenance, Repair, and Overhaul (MRO) industries.

The regulatory environment plays a significant role in market trends, with regulations encouraging the adoption of more sustainable and efficient engine technologies. Overall, these factors are expected to fuel the growth of the aircraft engines market In the Americas during the forecast period.

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The Turbofan segment was valued at USD 13.26 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Americas Aircraft Engines Market?

Growing urbanization and increasing global passenger traffic is the key driver of the market.

The Aircraft Engines Industry In the Americas is experiencing significant growth due to increasing air passenger traffic and the expansion of various aviation sectors. The demand for more efficient aircraft is on the rise, as the number of passengers using commercial flights continues to increase. This trend is expected to drive the growth of the aircraft engines market In the region, as new and advanced engines are developed to meet the demand for fuel efficiency and reduced carbon

The commercial aviation engine market is experiencing robust growth, driven by increasing air travel demand, a global fleet expansion, and the ongoing transition to more fuel-efficient and technologically advanced engines. Let's assume, for illustrative purposes, a 2025 market size of $50 billion (this is an estimated value and should be replaced with the actual value if available). With a projected Compound Annual Growth Rate (CAGR) of 6% (again, replace with the actual CAGR if provided), the market is expected to reach approximately $75 billion by 2033. This growth is fueled by several key factors: the rising adoption of larger, more fuel-efficient aircraft; increasing technological advancements leading to improved engine performance, reduced emissions, and enhanced operational reliability; and growing demand for regional and low-cost carriers. Major players like GE Aviation Systems, Safran, Pratt & Whitney, and Rolls-Royce are investing heavily in research and development to maintain their market share and capitalize on emerging opportunities. However, the market is not without its challenges. Stringent environmental regulations regarding emissions are driving the need for sustainable aviation fuel (SAF) and advanced engine designs, which represent significant R&D investment. Furthermore, geopolitical uncertainties and potential supply chain disruptions can impact production costs and timelines. Despite these restraints, the long-term outlook for the commercial aviation engine market remains positive, with sustained growth projected throughout the forecast period driven by a continued increase in air travel and technological innovation. The market segmentation will likely see increased competition within the various engine types catering to different aircraft sizes and operational requirements.

The global civil aircraft engines market is experiencing robust growth, driven by increasing air travel demand and the ongoing replacement of aging fleets with more fuel-efficient aircraft. This market is projected to reach a substantial size, with a Compound Annual Growth Rate (CAGR) indicating significant expansion over the forecast period. Let's assume, for illustrative purposes, a 2025 market size of $50 billion and a CAGR of 6% for the period 2025-2033. This implies a steady increase in market value, influenced by factors like technological advancements in engine design (leading to improved fuel efficiency and reduced emissions), the rise of low-cost carriers expanding their fleets, and increasing governmental investments in airport infrastructure globally. The market is segmented by engine type (jet, turboprop, others) and aircraft application (commercial, personal, others). Key players, such as GE Aviation, Pratt & Whitney, Rolls-Royce, and Safran Aircraft Engines, are continuously innovating to maintain their market share, while newer entrants are seeking opportunities in niche segments. Regional variations exist, with North America and Europe currently holding a significant market share, but the Asia-Pacific region is expected to witness the highest growth due to rapid economic development and expansion of air travel in emerging economies. The significant growth predicted for the civil aircraft engines market is supported by several long-term trends. The continued focus on sustainability within the aviation industry is driving demand for more environmentally friendly engines, while technological advancements in materials science and manufacturing processes are leading to lighter, more powerful, and more reliable engines. Furthermore, the increasing complexity of aircraft design and the integration of advanced technologies are creating new opportunities for engine manufacturers. While challenges remain, such as supply chain disruptions and geopolitical uncertainties, the overall outlook for the civil aircraft engines market remains positive, with sustained growth anticipated throughout the forecast period. The ongoing demand for air travel and the continued need for fleet modernization will be key factors in driving market expansion in the coming years. This comprehensive report provides an in-depth analysis of the global civil aircraft engines market, examining its current state, future trends, and key players. Valued at approximately $50 billion in 2023, the market is projected for robust growth, driven by factors such as increasing air travel demand and technological advancements. This report uses rigorous market research techniques and data analysis to provide invaluable insights for industry stakeholders, investors, and researchers. Keywords: civil aircraft engines, jet engines, turbine engines, aircraft engine market, aerospace industry, aviation industry, engine manufacturing, market analysis, market trends, market forecast.

The Report Covers Global Aviation Engine MRO Companies & Manufacturers. The Market is segmented by Engine Type (Turbine Engine (Turboprop, Turbofan, Turboshaft) and Piston Engine), Application (Commercial Aviation, Military Aviation, and General Aviation), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa).

According to Cognitive Market Research, the global Small Aircraft Engine market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 8.20% from 2023 to 2030.

North America held the major market of more than 40% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030
Europe market held more than 30% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030
Asia-Pacific market held of more than 23%of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030
Latin America market held of more than 5% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.
Middle East and Africa market held of more than 2.00% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030
The demand for Small Aircraft engines is rising due to the increasing commercial aircraft deliveries anticipated fuelling the market growth.
Demand for Piston engines remains higher in the Small Aircraft Engine market.
The Fixed Wing category held the highest Small Aircraft Engine market revenue share in 2023.
North American Small Aircraft Engine will continue to lead, whereas the Asia-Pacific Small Aircraft Engine market will experience the most substantial growth until 2030.

Surge in General Aviation Activities to Provide Viable Market Output

A key driver in the Small Aircraft Engine market is the surge in general aviation activities. The increasing demand for private and recreational flying, coupled with the growth of flight training schools and small-scale air transportation, fuels the need for reliable and efficient small aircraft engines. This driver is particularly evident in the context of rising interest in personal aircraft ownership, driving sales and installations of small engines across the general aviation sector.

December 2021 - CFM International, a joint venture of General Electric and Safran Aircraft Engines, was awarded a contract by Saudi Arabian Airlines for CFM International LEAP-1A engines to power its new fleet of 35 Airbus A321neo and 30 Airbus A320neo planes.

Source-www.cfmaeroengines.com/press-articles/saudi-arabian-airlines-corporation-and-cfm-sign-leap-1a-engine-purchase-and-multi-year-services-agreement/

Key Dynamics for the Small Aircraft Engine Market

Regulatory Challenges and Certification Hurdles to Restrict Market Growth

One of the key restraints in the Small Aircraft Engine market is the presence of regulatory challenges and certification hurdles. The industry is subject to stringent aviation regulations and safety standards, requiring rigorous testing and certification processes for new or modified engines. Navigating through these complex certification procedures often leads to extended timelines and increased costs for manufacturers, acting as a significant impediment to the swift introduction of new engines into the market.

Impact of the COVID-19 on the Small Aircraft Engine Market

The COVID-19 pandemic significantly impacted the Small Aircraft Engine market, causing disruptions across the aviation industry. The unprecedented global travel restrictions, lockdowns, and a decline in passenger demand led to a substantial reduction in aircraft operations, affecting the overall demand for small aircraft engines. Manufacturers faced production delays and supply chain interruptions due to workforce challenges and logistical constraints. The economic downturn prompted many airlines and aviation operators to defer or cancel aircraft purchases and maintenance projects, directly impacting the market for small aircraft engines. With reduced air travel and uncertainties surrounding the aviation sector's recovery, the small aircraft engine market experienced a downturn in sales, production, and overall growth during the pandemic. What is Small Aircraft Engine?

An aircraft engine is the piece of the drive framework for an airplane used to produce mechanical force. In an Aircraft Engine, the air is attracted at the front through a channel, compacted by a fan, blen...

Pratt & Whitney was the leading commercial aircraft engine manufacturer in Europe in 2020, with 36 percent of the engine market. CFM International came second, with 34 percent of the market.