Aircraft Engine Market Size, Share, Overview, Industry Growth & Demand by 2032

The global aircraft engine market size is projected to reach USD 279.76 billion by the end of 2032. The increasing investments in technological integration will play a huge role in the growth of the market in the coming years. The presence of several large scale companies across the world will have a huge impact on the growth of the overall market.

According to a report published by Fortune Business Insights, titled "Aircraft Engine Market Size, Share & COVID-19 Impact Analysis, By Engine Type (Turboprop, Turboshaft, Turbofan, and Piston Engine), By Technology (Conventional Engine, Electric/Hybrid Engine), By Component (Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System, and Others), By Platform (Commercial and Military), By End-Use (OEM, Aftermarket), and Regional Forecast, 2024-2032. The market was worth USD 153.69 billion in 2024 and will exhibiting a CAGR of 7.77% during the forecast period, 2024-2032.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/sample/aircraft-engine-market-101766

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
• CFM International SA (Paris, France)
• Honeywell International Inc. (North Carolina, The U.S.)
• GE Aviation (Ohio, The U.S.)
• Rolls-Royce Holdings Plc. (London, The U.K.)
• Safran SA (Paris, France)
• International Aero Engines AG (Connecticut, The U.S.)
• MTU Aero Engines AG (Munich, Germany)
• Textron Inc. (Rhode Island, The U.S.)
• United Technologies Corporation (Connecticut, The U.S.)

Aircraft engines are products that are associated with any type of propulsion system in the aircraft and are the power component for the entire system. These engines are responsible for the performance of the aircraft and are directly proportional to the operating efficacies of the engine with regard to speed, propulsion, thrust, and flight. The massive investments in the development of efficient aircraft engine will have a massive impact on the growth of the overall aircraft engine market in the coming years. The presence of several large scale manufacturers will also emerge in favour of the growth of the overall market in the foreseeable future. Technological advancements in manufacturing processes as well as the equipment used in the production side will bode well for market growth.

𝐑𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐑𝐚𝐭𝐞𝐬 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐚 𝐍𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The recent coronavirus outbreak has created a sense of panic across the world. Accounting to the increasing cases of coronavirus and the rapid spread of the disease, governments across the world have been compelled to impose strict lockdowns and advise social distancing practises. The efforts taken to curb the spread of the disease, although for the brighter cause, have had a negative impact on this market. The reduction in production rates as well as capacities will prove denting to the overall market in the coming years.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/aircraft-engine-market-101766

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐥𝐥 𝐡𝐚𝐯𝐞 𝐚 𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions as well as collaborations among major businesses and organizations has made the highest impact on market growth.

The report focuses on a few of the major company collaborations of recent times and discusses their impact on the growth of the global aircraft engines market. In November 2019, Rolls Royce announced that it has bagged a contract from the US Navy for the development and maintenance of the V-22 Osprey engines. Through this contract, the company will provide support for the V-22 AE1107C at several aircraft production sites. The contract, said to be around USD 1.2 billion, will indirectly influence the growth of this overall market in the coming years.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐄𝐦𝐞𝐫𝐠𝐞 𝐃𝐨𝐦𝐢𝐧𝐚𝐧𝐭; 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐒𝐞𝐯𝐞𝐫𝐚𝐥 𝐋𝐚𝐫𝐠𝐞 𝐒𝐜𝐚𝐥𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐰𝐢𝐥𝐥 𝐀𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The product applications have provided the platform for the companies operating in the market. The presence of several large scale companies will also bode well for the growth of the market in this region. As of 2019, the market in North America was worth 31.01 billion and this value is projected to increase at a considerable pace in the coming years. The market in Asia Pacific will rise at the highest CAGR in the coming years, driven by the increasing aircraft production in several countries across this region.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟐𝟎𝟐𝟒 - Rolls-Royce signed a groundbreaking seven-year partnership with Hyderabad-based Azad Engineering to produce critical components for its defense aircraft engines. This strategic partnership brought Azad Engineering into Rolls-Royce's global supply chain for advanced aircraft engines, marking a significant leap forward for India in defense manufacturing.

𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟐𝟎𝟐𝟑 - Triumph Group, Inc. and Honeywell Aerospace signed a long-term agreement covering multiple Honeywell engine platforms. The contract covered TRIUMPH's production and maintenance of booster pumps, electronic controllers, and hydro-mechanical fuel controllers for T55 helicopter engines as well as main fuel pumps for fighter aircraft engines/ F124 trainer and the HTF7000 business jet engine.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/aircraft-engine-market-101766

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐉𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/business-jet-market-101585

𝐇𝐞𝐥𝐢𝐜𝐨𝐩𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/helicopter-market-101685

𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/military-aircraft-market-102771

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This release was published on openPR.