The Aircraft Engine 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.

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.

The aircraft engine market can be segmented by engine type and aircraft type. Engine Type:

Turbofan engines are the most common type of aircraft engine. They are used in both commercial and military aircraft. Turbofan engines are more efficient than other types of engines, and they produce less noise. Turboprop engines are used in smaller aircraft, such as regional airliners and business jets. Turboprop engines are less efficient than turbofan engines, but they are more powerful. Turboshaft engines are used in helicopters. Turboshaft engines are similar to turboprop engines, but they produce more power. Piston engines are used in small aircraft, such as private planes and ultralights. Piston engines are less powerful than other types of engines, but they are more affordable.

Aircraft Type:

Commercial aircraft are used to transport passengers and cargo. Commercial aircraft are the most common type of aircraft, and they account for the majority of aircraft engine sales. Military aircraft are used for combat and other military purposes. Military aircraft are typically equipped with more powerful engines than commercial aircraft. Business and general aviation aircraft are used for private and business purposes. Business and general aviation aircraft are typically smaller than commercial or military aircraft. Recent developments include: In April 2024, Rolls-Royce announced that IndiGo had placed an order for 60 Trent XWB-84 engines, marking their first agreement with the prominent Indian airline. The deal included Rolls-Royce's TotalCare service for engine health and maintenance. The engines from this order were intended to support IndiGo's expansion efforts, especially on international routes, bolstering the airline's operational capabilities. , In May 2024, Pratt & Whitney inaugurated its new manufacturing facility, Pratt & Whitney Maroc (PWM), dedicated to producing precision machined parts for aircraft engines like the PT6. The investment underscored confidence in Morocco's industrial capabilities, enhancing the country's aeronautical sector with advanced technological capabilities and contributing to its competitive edge in global aerospace manufacturing. , In June 2024, Safran Helicopter Engines and MTU Aero Engines collaborated to establish EURA, a 50/50 joint venture named after the European Military Rotorcraft Engine Alliance. The venture aimed to lead a broader program involving industrial and technological partners from multiple European countries. This strategic initiative marked a significant milestone in enhancing European aerospace capabilities through collaborative innovation and industrial cooperation. .

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).

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.

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.

Market Dynamics of Small Aircraft Engine Market

Key Drivers for Small Aircraft Engine Market

Increasing Demand for General Aviation and Private Air Travel: The rising interest in leisure flying and ownership of private aircraft is propelling the purchase of small aircraft. This expansion stimulates the need for efficient, lightweight, and dependable small aircraft engines.

Expansion of Pilot Training Schools and Flight Academies: A worldwide increase in pilot training initiatives is enhancing the utilization of small training aircraft. These aircraft necessitate robust engines with minimal operational expenses, thereby sustaining steady market demand.

Technological Progress in Engine Efficiency and Weight Reduction: Recent engine innovations emphasize fuel efficiency, noise reduction, and enhanced power-to-weight ratios. Developments such as electronic fuel injection and turbocharging improve overall performance.

Key Restraints for Small Aircraft Engine Market

High Initial Costs and Maintenance Requirements: Engines for small aircraft require a considerable initial investment and continuous maintenance. The overall ownership cost may dissuade potential buyers and operators with limited budgets.

Strict Regulatory Approvals and Certification Procedures: Aviation engines are required to comply with stringent airworthiness and safety regulations prior to their deployment. Delays in certification and compliance expenses can impede quicker product development and market entry.

Limited Infrastructure and Skilled Workforce in Emerging Markets: In areas with underdeveloped aviation industries, the availability of maintenance services and qualified technicians is restricted. This limitation hampers the utilization of small aircraft and slows the demand for engines.

Key Trends for Small Aircraft Engine Market

Electrification and Hybrid Propulsion in Light Aircraft: Manufacturers are investigating electric and hybrid engines to minimize emissions and noise. These technologies are becoming increasingly popular in the ultralight and training aircraft sectors.

Adoption of Digital Engine Monitoring and Predictive Maintenance: Contemporary small aircraft engines are now equipped with integrated diagnostic and monitoring systems. These technologies enhance flight safety and decrease unplanned downtime through early fault detection.

Customization and Modular Engine Platforms for Diverse Aircraft Types: Engine makers are offering modular designs that can be adapted for UAVs, air taxis, and sport planes. This flexibility supports emerging aviation trends and diversified market applications.

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

The COVID-19 pandemic significantl...

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.

The America Aircraft Engines Market is Segmented by Engine Type (Turbofan, Turboprop, Turboshaft, and Piston) and Geography (North America and Latin America). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

The Europe Aircraft Engines Market is segmented by Powerplant Type (Piston, Turbine), End-user (Civil and Commercial Aviation, Military Aviation), and Geography.

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.

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,

The global aircraft engines market is booming, projected to reach $[estimated 2033 market size based on CAGR] billion by 2033, driven by rising air travel demand and technological advancements in fuel efficiency. Explore market trends, key players (GE, Rolls-Royce, Safran), and regional growth forecasts in this comprehensive analysis.

The commercial aircraft engine market is booming, projected to reach $550.1 million in 2025 and grow at a CAGR of 5.7% through 2033. Discover key drivers, trends, and leading companies shaping this dynamic sector. Learn more about market size, growth forecasts, and regional insights.

The booming commercial aircraft engine market, valued at $50 billion in 2025, is projected to reach $75 billion by 2033, driven by rising air travel, fuel efficiency demands, and technological advancements. Explore key players, market trends, and regional growth in this comprehensive analysis.

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 global aircraft engine market, valued at $40.76 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 21.1% from 2025 to 2033. This significant expansion is driven by several key factors. The increasing demand for air travel, particularly in emerging economies, fuels a surge in aircraft production, directly impacting the need for new and replacement engines. Furthermore, advancements in engine technology, focusing on improved fuel efficiency, reduced emissions, and enhanced performance, are driving market growth. The rising adoption of more fuel-efficient engines is a crucial trend, spurred by increasing fuel costs and stringent environmental regulations. Stringent safety regulations and the complexity of engine manufacturing act as restraints on market growth, demanding significant investments in research and development and sophisticated manufacturing processes. The market is segmented by application, primarily encompassing commercial and military aviation, with commercial aviation currently holding a larger market share. Key players like Airbus SE, General Electric, Pratt & Whitney, and Safran SA are engaged in intense competition, employing various strategies such as mergers and acquisitions, strategic partnerships, and technological innovations to gain a competitive edge. The regional distribution of the market shows significant contributions from North America and Europe, with the Asia-Pacific region exhibiting substantial growth potential due to increasing air travel demand in countries like China and India. The forecast period (2025-2033) promises continued market expansion. While the precise contribution of each segment (commercial vs. military) and region requires more granular data, the overall market trajectory indicates a substantial increase in market size. The competitive landscape will remain dynamic, with companies focusing on technological advancements to improve engine performance and efficiency while navigating the challenges of stringent regulations and high production costs. The market's sustained growth hinges on continued investment in research and development, a steady rise in global air travel, and a supportive regulatory environment that encourages innovation within the aerospace sector.

The global aircraft engine market, valued at $82.96 billion in 2025, is projected to experience robust growth, driven by a burgeoning aviation industry, increasing air travel demand, and technological advancements leading to more fuel-efficient and powerful engines. The Compound Annual Growth Rate (CAGR) of 6.06% from 2025 to 2033 indicates a significant expansion, with the market expected to surpass $130 billion by 2033. Key drivers include the rising demand for new aircraft, particularly in emerging economies, the increasing adoption of narrow-body and wide-body aircraft, and the growing focus on reducing carbon emissions through improved engine technology. Furthermore, the replacement of aging aircraft engines is creating a substantial market opportunity. While some restraints exist, such as supply chain disruptions and potential geopolitical instability, the overall market outlook remains positive. The market segmentation likely encompasses various engine types (e.g., turbofan, turboprop, turbojet), aircraft size (e.g., narrow-body, wide-body), and application (e.g., commercial, military). Major players such as General Electric, Safran, Rolls-Royce, RTX, and Honeywell dominate the market, leveraging their technological expertise and established supply chains to maintain a strong competitive advantage. The competitive landscape is marked by intense R&D investment to develop advanced engine technologies focusing on fuel efficiency, noise reduction, and emissions control. This technological evolution is a significant factor shaping market dynamics, driving innovation, and fostering collaboration among manufacturers and suppliers. The continued growth in air travel, particularly in Asia-Pacific and other developing regions, presents vast expansion opportunities for market players. Strategic partnerships, mergers, and acquisitions are likely to increase as companies strive to gain a larger share of this lucrative and rapidly evolving market. The market’s trajectory is closely linked to the broader macroeconomic factors influencing global air travel, including economic growth, fuel prices, and governmental regulations. Sustained growth in these areas will be crucial for further market expansion in the forecast period. Recent developments include: October 2023: Sikorsky (Lockheed Martin Company) was in the process of installing a new Improved Turbine IITP aboard its Raider X aircraft for the United States Army. The Raider X aircraft was built for the Future Attack Reconnaissance (FARA) program. Sikorsky's engineers and the US military performed a detailed inspection of the engine after landing at Lockheed Martin's West Palm Beach facility. The plane is expected to make its first flight in late 2024. , October 2023: GE Aerospace announced the approval of the first two T901-GE-900 flight test engines by the Defense Contract Management Agency to the US Army, which was to support the Future Attack Reconnaissance Aircraft (FARA) Competitive Prototype program. The next-generation rotorcraft engines were to power the UH-60 Black Hawk, AH-64 Apache, and FARA.. Notable trends are: Commercial Aviation to Dominate the Global Market Share During the Forecast Period.