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).

The Aircraft Engine Market size was valued at $ 67.94 Bn in 2024 and is predicted to reach to $ 118.89 Bn by 2030 with a CAGR of 9.8% | Forecast 2025-2030

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 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.

Wide-body Aircraft Engine Market Outlook

According to our latest research, the global wide-body aircraft engine market size reached USD 32.8 billion in 2024. As per our analysis, the market is projected to grow at a robust CAGR of 6.3% from 2025 to 2033, reaching an estimated USD 56.3 billion by 2033. This growth trajectory is primarily driven by the rising demand for new-generation wide-body aircraft, increasing international air travel, and the ongoing replacement of aging aircraft fleets with more fuel-efficient models. The marketÂ’s expansion is further fueled by advancements in engine technology, which are enabling higher fuel efficiency and reduced emissions, making wide-body aircraft engines more attractive to both commercial and military operators worldwide.

One of the primary growth factors propelling the wide-body aircraft engine market is the resurgence in global air passenger traffic, particularly on long-haul international routes. As airlines recover from the impact of the pandemic, there has been a marked increase in orders for wide-body aircraft, which are essential for intercontinental travel due to their range and capacity. The introduction of new long-range routes by major carriers and the expansion of airline networks in emerging economies are further amplifying demand. Additionally, the aviation industryÂ’s focus on sustainability and operational efficiency is steering airlines towards the adoption of advanced wide-body aircraft engines, which offer lower fuel consumption and reduced carbon emissions. This trend is expected to sustain robust growth in the market over the forecast period.

Another significant driver is the ongoing modernization and replacement of aging wide-body aircraft fleets. Many airlines are phasing out older aircraft models in favor of new-generation wide-body jets equipped with state-of-the-art engines. These modern engines are designed to meet stringent environmental regulations and deliver superior performance, thereby reducing operational costs for airlines. The growing emphasis on fleet renewal, especially among major carriers in North America, Europe, and Asia Pacific, is generating substantial demand for wide-body aircraft engines. Leasing companies are also playing a pivotal role by facilitating access to new aircraft for airlines, further boosting market growth.

Technological advancements in engine design and manufacturing are also shaping the market landscape. Innovations such as composite fan blades, advanced cooling systems, and digital engine monitoring are enhancing the performance, reliability, and lifespan of wide-body aircraft engines. Engine manufacturers are investing heavily in research and development to create engines that offer greater thrust, improved fuel efficiency, and lower maintenance requirements. These technological breakthroughs are not only attracting airline operators but are also opening up new opportunities in the military and cargo aviation segments, where performance and operational costs are critical considerations.

Regionally, the Asia Pacific market is emerging as a major growth hub for wide-body aircraft engines, driven by the rapid expansion of commercial aviation in countries such as China, India, and Southeast Asian nations. North America and Europe continue to maintain their dominance, supported by established airline networks and strong presence of leading aircraft and engine manufacturers. The Middle East is also witnessing increased investments in aviation infrastructure and fleet modernization, further contributing to market growth. The regional outlook remains positive, with Asia Pacific expected to register the highest CAGR during the forecast period, reflecting the regionÂ’s dynamic aviation sector and rising air travel demand.

The GE90 Engine, developed by General Electric, is a prime example of the technological advancements driving the wide-body aircraft engine market. Known for its remarkable thrust and efficiency, the GE90 has set new benchmarks in the aviation industry. It powers some of the largest and most advanced aircraft, such as the Boeing 777, and is celebrated for its ability to deliver exceptional performance while minimizing fuel consumption and emissions. The engine's innovative design features, including composite fan blades and advanced materials, contribute to its superior reliabili

Global Aircraft Engines Market size valued at US$ 66.94 Billion in 2023, set to reach US$ 143.00 Billion by 2032 at a CAGR of about 8.8% from 2024 to 2032.

The aircraft engine market stood around USD94.40 billion in 2021 and is estimated to reach USD195.62 billion by 2035, advancing with a CAGR of 5.30% in the forecast period, 2022-2035.

The Aircraft Engine Market size is expected to reach a valuation of USD 174.0 billion in 2033 growing at a CAGR of 9.50%. The Aircraft Engine Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

In 2019, the global aircraft engine market size stood at almost ** billion U.S. dollars. This figure is anticipated to reach over **** billion U.S. dollars by 2027 due to the increase in air travel.

Aircraft Engine market size was valued at USD 84.66 Billion in 2024 and is projected to reach USD 119.11 Billion by 2031, growing at a CAGR of 4.36% from 2024 to 2031.

The Aircraft Engine Market is driven by several key factors, including the increasing demand for air travel, which leads to a higher need for new aircraft and engine replacements. Technological advancements in engine design, such as fuel efficiency improvements and reduced emissions, are also boosting the market as airlines strive to reduce operating costs and meet stringent environmental regulations. The growth of the commercial aviation sector, particularly in emerging markets, is another significant driver, as it creates opportunities for new aircraft deliveries. Additionally, the rise in defense spending by various governments is contributing to the demand for military aircraft engines. Furthermore, the focus on sustainable aviation and the development of hybrid and electric propulsion systems are expected to shape future growth in the aircraft engine market.

Military Aircraft Engines Market Outlook 2032

The global military aircraft engines market size was USD 10.45 Billion in 2023 and is likely to reach USD 16.37 Billion by 2032, expanding at a CAGR of 5.27% during 2024–2032. The market growth is attributed to the rising technological advancements across the globe.



Increasing technological advancements serve as a significant driver for the military aircraft engines market. In the race to achieve air superiority, nations are investing heavily in research and development to create engines that are efficient, powerful, and reliable.

Innovations in engine design and performance are propelling the market. Advancements in materials science have led to the development of lighter and durable engine components, which enhance fuel efficiency and reduce maintenance costs.



Improvements in combustion technology have resulted in engines that deliver greater power output while minimizing emissions. These technological advancements are crucial in enhancing the operational capabilities of military aircraft, thereby increasing their demand in the global defense sector.

Impact of Artificial Intelligence (AI) in Military Aircraft Engines Market

The use of artificial intelligence is anticipated to expand at a rapid pace in the military aircraft engines market. AI has revolutionized the way military aircraft engines are designed, manufactured, and maintained. It has enabled the development of efficient and reliable engines, leading to significant improvements in aircraft performance and operational efficiency.



AI-powered predictive analytics tools are being used to monitor engine performance in real-time and predict potent

Aircraft Engine Market Outlook

According to our latest research, the Global Aircraft Engine Market size was valued at $74.2 billion in 2024 and is projected to reach $121.6 billion by 2033, expanding at a robust CAGR of 5.6% during 2024–2033. This significant growth trajectory is primarily attributed to the escalating demand for fuel-efficient next-generation aircraft engines, which is being driven by the rapid expansion of commercial aviation, modernization of military fleets, and increasing investments in sustainable aviation technologies. As airlines and defense organizations worldwide prioritize operational efficiency, reduced emissions, and lower lifecycle costs, the adoption of advanced aircraft engines is witnessing unprecedented momentum, positioning the market for sustained long-term expansion.

Regional Outlook

North America currently holds the largest share of the Aircraft Engine Market, accounting for nearly 36% of the global market value in 2024. The region’s dominance is underpinned by its mature aerospace manufacturing ecosystem, the presence of leading aircraft and engine OEMs such as GE Aviation, Pratt & Whitney, and Honeywell, and robust investments in research and development. Furthermore, favorable regulatory frameworks, a high rate of fleet renewal among commercial airlines, and consistent defense spending in the United States and Canada have cemented North America’s position as the epicenter of innovation and market leadership. The region’s established supply chain networks and strong aftermarket service infrastructure further enhance its competitive advantage, ensuring sustained market share through the forecast period.

Asia Pacific is emerging as the fastest-growing region in the Aircraft Engine Market, projected to register a remarkable CAGR of 7.8% from 2024 to 2033. This rapid expansion is fueled by burgeoning air passenger traffic, aggressive fleet expansion plans by leading carriers in China, India, and Southeast Asia, and increasing government initiatives to develop indigenous aerospace capabilities. Major investments in airport infrastructure, coupled with rising defense budgets and the push for advanced military aircraft, are further accelerating demand for both commercial and military aircraft engines. The region’s growing middle class and surging demand for low-cost air travel are prompting airlines to upgrade and expand their fleets, creating significant opportunities for engine manufacturers and aftermarket service providers.

Emerging economies in Latin America, the Middle East, and Africa are also witnessing heightened interest in modern aircraft engines, albeit at a more measured pace due to localized challenges. These include limited access to financing, skill shortages, and fragmented regulatory environments. Nonetheless, the drive for regional connectivity, increased investments in aviation infrastructure, and government-led initiatives to boost domestic aerospace industries are gradually overcoming adoption barriers. As these markets continue to develop, tailored solutions that address specific operational needs and cost considerations are expected to gain traction, unlocking new growth avenues for global and regional players alike.

Report Scope

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Americas Aircraft Engines Market Size 2024-2028

The americas aircraft engines market size is valued to increase USD 7.94 billion, at a CAGR of 5.6% from 2023 to 2028. Growing urbanization and increasing global passenger traffic will drive the americas aircraft engines market.

Major Market Trends & Insights

By Type - Turbofan segment was valued at USD 13.27 billion in 2022
By Application - Commercial aircraft segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 50.54 million
Market Future Opportunities: USD 7944.80 million
CAGR from 2023 to 2028 : 5.6%

Market Summary

The market is a dynamic and evolving industry, driven by the integration of advanced technologies in turbofan engines and the growing urbanization leading to increasing global passenger traffic. Core technologies, such as additive manufacturing and advanced materials, are revolutionizing engine design and production, enabling lighter, more fuel-efficient engines. However, the lack of skilled labor in aircraft engines manufacturing poses a significant challenge to market growth. According to a recent industry report, the North American region holds a 35% share of the global aircraft engines market. This underscores the market's importance and the potential opportunities it presents for players in the industry. The regulatory landscape, including emissions standards and safety regulations, also influences market activities, adding complexity to the competitive landscape.

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

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How is the Aircraft Engines in Americas Market Segmented and what are the key trends of market segmentation?

The aircraft engines in americas industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TypeTurbofanTurbopropTurboshaftPistonApplicationCommercial aircraftBusiness jetMilitary aircraftGeographyNorth AmericaUSCanadaMexicoSouth AmericaBrazil

By Type Insights

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

Turbofan engines dominate the aircraft engine market in the Americas due to their efficiency and quiet operation. Manufacturers prioritize compressor blade technology and aerodynamic design optimization to enhance compressor stage efficiency and reduce fuel consumption by up to 15%. Engine reliability metrics, such as engine durability testing and predictive maintenance models, ensure engine health monitoring and prolong engine component lifespan. Advanced engine materials, like turbine blade cooling and engine thermal management, contribute to engine durability and improved engine performance. Fuel consumption reduction is a significant focus, with manufacturers investing in fuel injection systems and engine control systems to optimize engine efficiency. Engine emissions control is also crucial, with engine certification bodies setting stringent regulations. Aircraft engine repair and overhaul services, including turboprop engine maintenance and scramjet engine research, ensure engine performance remains optimal. The aircraft engine market in the Americas is expected to grow significantly due to the increasing demand for high-bypass turbofan engines and the ongoing development of afterburner technology.

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The Turbofan segment was valued at USD 13.27 billion in 2018 and showed a gradual increase during the forecast period.

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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.

The aircraft engines market in the Americas is a critical sector, driven by the relentless pursuit of improved fuel efficiency and reduced environmental impact. Engine design plays a pivotal role in this evolution, with advanced materials like carbon fiber composites and titanium alloys enhancing durability and reducing weight. Innovative techniques, such as 3D printing and advanced coatings, further extend engine lifespan and optimize performance. Noise reduction is another significant focus, with researchers investigating methods like active noise control and acoustic liners to minimize disturbances. New technologies for emission control, such as selective catalytic reduction and lean-burn engines, are gaining traction, reducing carbon emissions and contributing to a greener aviation industry. Predictive maintenance and engine diagnostics are essential for aircraft safety, enabling early detection and

According to Cognitive Market Research, the global Narrow Body Aircraft Engine market size was USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 9.30% from 2023 to 2030.

The demand for Narrow Body Aircraft Engines is rising due totheincreasing demand for short-Haul routes and fuel efficiency and environmental considerations.
Demand for Turbofan Engineremains higher in the Narrow Body Aircraft Enginemarket.
The Geared Turbofancategory held the highest Narrow Body Aircraft Enginemarket revenue share in 2023.
North American Narrow Body Aircraft Enginewill continue to lead, whereas the Asia-PacificNarrow Body Aircraft Enginemarket will experience the most substantial growth until 2030.

Growing Air Travel Demand and Fleet Expansionto Provide Viable Market Output

The Narrow-Body Aircraft Engine market is driven by the increasing demand for air travel, particularly in the short to medium-haul segments. Airlines, aiming to cater to the rising passenger traffic and expand their fleets, are investing in fuel-efficient and technologically advanced engines for narrow-body aircraft. The need for more efficient and environmentally friendly engines, capable of supporting the expanding global air travel network, propels the market forward. Manufacturers strive to meet these demands by developing engines that enhance aircraft performance, reduce fuel consumption, and comply with stringent environmental standards.

In February 2022, A research partnership agreement was signed by Embraer, Widerøe, and Rolls-Royce to carry out a 12-month study and research cutting-edge sustainable technologies for regional aircraft, with an emphasis on creating a conceptual zero-emissions aircraf.

Source-www.rolls-royce.com/media/press-releases/2022/17-02-2022-embraer-wideroe-and-rolls-royce-announce-partnership-to-research-innovative-technologies.aspx

Technological Advancements and Efficiency Improvementsto Propel Market Growth

Continuous technological advancements play a pivotal role in driving the Narrow-Body Aircraft Engine market. Engine manufacturers focus on research and development to enhance engine efficiency, reduce emissions, and improve overall performance. Innovations in materials, aerodynamics, and propulsion systems contribute to the development of more powerful and sustainable engines. Airlines, seeking to optimize operational costs and comply with stringent emission regulations, are inclined towards adopting engines that offer improved fuel efficiency and lower environmental impact. The race for technological supremacy among engine manufacturers remains a key driver in shaping the competitive landscape of the Narrow-Body Aircraft Engine market.

In January 2022, as part of its global launch order for Boeing 777-8 Freighters, Qatar Airways made an order for GE9X engines. The airline committed to buying 30 GE9X engines (GE90-115B) for Boeing 777-8 aircraft (34 firm order with an extra 16 purchase rights). This commitment was made to GE Aviation.

Source-www.geaerospace.com/press-release/ge9x-engine-family/qatar-airways-signs-order-ge9x-engines-power-boeing-777-8

Market Dynamics of the Narrow Body Aircraft Engine Market

Impact of COVID-19 on Demand and Productionto Restrict Market Growth

The Narrow-Body Aircraft Engine market faced a significant setback due to the COVID-19 pandemic. The drastic decline in air travel demand led to a reduction in new aircraft orders and deferred engine deliveries. Airlines, grappling with financial challenges, curtailed their fleet expansion plans, affecting the overall demand for new engines. Additionally, disruptions in the supply chain and manufacturing processes due to lockdowns and travel restrictions impeded the timely production of aircraft engines, exacerbating the market's challenges during the pandemic.

Impact of COVID–19 on the Narrow Body Aircraft Engine Market

The COVID-19 pandemic had a significant adverse impact on the Narrow-Body Aircraft Engine market. The widespread travel restrictions, lockdowns, and reduced passenger demand caused a severe downturn in the aviation industry, leading to a sharp decline in new aircraft orders and a delay in existing ones. Airlines, grappling with financial challenges, deferred or canceled fleet expansion plans, impacting the demand for new narrow-body aircraft engines. Engine manufacturers faced disruptions in their prod...

The Asia-Pacific Aircraft Engine Market is Segmented by Engine Type (Turbofan, Turboprop, Turboshaft, and Piston), End User (Commercial Aviation, Military Aviation, and General Aviation), and Geography (China, India, Japan, Singapore, South Korea, and the Rest of Asia-Pacific). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

As of May 2019, CFM International held ** percent of the narrowbody aircraft engine market, making it by far the leading engine manufacturer in the world. In 2020, the global aircraft engine MRO market is expected to reach *** billion U.S. dollars,

Aircraft Engine Market size was USD 88.7 billion in 2022, and is expected to reach a value of USD 105.6 billion in 2034, and register a revenue CAGR of 5.2% during the forecast period.

The global aerospace engine market is projected to reach $28.16 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.2% from 2025 to 2033. This growth is fueled by several key factors. The increasing demand for commercial air travel, particularly in emerging economies, is a significant driver. Furthermore, the ongoing modernization and expansion of military fleets worldwide necessitate advanced and powerful aerospace engines. Technological advancements, such as the development of more fuel-efficient and sustainable engine designs (including hybrid-electric propulsion systems), are contributing to market expansion. The rise of regional jets and the increasing adoption of engine health monitoring systems also play a crucial role. Segmentation reveals strong demand across various applications, including fighter aircraft, transport aircraft, and helicopters, with jet engines and turbine engines dominating the type segment. Key players like GE Aviation, Rolls-Royce, Pratt & Whitney, Safran Aircraft Engines, and others are actively engaged in research and development, product innovation, and strategic partnerships to maintain their market positions. Competition is fierce, with companies focusing on enhancing engine performance, reliability, and cost-effectiveness to secure contracts. While some regional variations in growth rates are expected, the overall market shows consistent expansion due to the long-term trend of increasing air travel and military modernization. The market's growth, however, is not without challenges. Supply chain disruptions, fluctuating fuel prices, and stringent environmental regulations pose significant restraints. To navigate these challenges, manufacturers are investing heavily in supply chain diversification and the development of sustainable technologies. The market's future trajectory will largely depend on the continued growth in the airline industry, geopolitical stability, and advancements in engine technology, particularly in the area of reducing emissions and noise pollution. The regional breakdown shows substantial market share in North America and Europe due to established manufacturing bases and substantial air travel demands, but growth opportunities are significant in Asia-Pacific driven by rapid economic expansion and increasing air traffic.

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.