Aircraft Engine Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032

Report code : IS449, Status : Published, Published on: Jul, 2020, Pages : 160 Pages, Format : PDF/PPT/Excel

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Description

The Global Aircraft Engine Market was worth US$ 70 billion in 2019 and the expected CAGR 4.5% by 2030.

Increased commercial aircraft deliveries, growing investment in research & development of aircraft engines, increased demand for fuel efficient and light weight aircraft engine, long life of engines, and stringent regulatory framework are the key attributes dynamically shaping the growth of the global aircraft engine market.

Advancement in technology has contributed towards the evolution of aircraft engines from the basic reciprocating engines to the advanced turbofan engines. Turbofan aircraft engines are witnessing increased demand owing to the high fuel efficiency delivered by these engines. Being the primary propulsion system, aircraft engines are the heart of aircrafts and thus are witnessing continuous development globally. The global landscape of aircraft engine market is evolving rapidly with manufacturers focusing on improving fuel efficiency, reducing weight, and enhancing flight safety.

Rapid growth in commercial aircraft deliveries to meet demand from increased air traffic globally, is anticipated to bolster the growth of the global aircraft engine market during the forecast period. The COVID-19 pandemic has significantly impacted the air passenger movement and is expected to impact the manufacturing and delivery of commercial aircrafts across the globe, thereby hampering the growth of the global aircraft engine market. However, the market is expected to regain its strength post the pandemic as the manufacturers are anticipated to ramp-up manufacturing activities to mitigate incurred losses.

North America contributed a dominating share to the global aircraft engine market in 2019 and is expected to dominate the global aircraft engine market throughout the forecast period. Presence of leading aircraft manufacturers, aircraft engine manufacturers, and increased investment in research & development of efficient aircraft engine are expected to contribute towards the growth of the North America aircraft engine market during the forecast period.

Asia Pacific is anticipated to be the fastest growing segment during the forecast period owing to emergence of aircraft manufacturers across leading countries in Asia and rising demand for commercial aircrafts. Increased investment in strengthening air power is anticipated to drive the growth of Asia Pacific aircraft engine market during the forecast period.

Aircraft Engines Market Share Analysis, by Geography (2022)

The report titled “Aircraft Engines Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global aircraft engines market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global aircraft engines market is segmented on the basis of engine type, aircraft type, shape, applications, and geography. Based on engine type, the global aircraft engines market is segmented into turboprop engine, turbofan engine, turboshaft engine, piston engine, and others. Based on aircraft type, the global aircraft engines market is segmented into fixed wing aircraft and rotary-wing aircraft. Based on applications, the global aircraft engines market is segmented into commercial aviation, business aviation, military aviation, and recreational aviation. The commercial aviation segment is further sub-segmented into narrow body aircraft, wide body aircraft, very large body aircraft, and regional aircraft. Based on geography, the global aircraft engines market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on aircraft engines tools & equipment. Further, market share of prominent companies in the global aircraft engines market would also be estimated. the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the aircraft engines companies.

The global aircraft engines market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the aircraft engines business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global aircraft engines market.

Major players active in the global aircraft engines market include Aero Engine Corporation of China, Aviation Industry Corporation of China, Ltd., Barnes Group Inc., Continental Motors Group, General Electric Company, Honeywell International Inc., IAE International Aero Engines AG, Motor Sich JSC, MTU Aero Engines AG, Pratt & Whitney (Raytheon Technologies Corporation), Rolls-Royce Holdings plc, Safran Aircraft Engines, Textron, Inc., and United Engine Corporation.

The Global Aircraft Engines Market Is Segmented As Below:

Based On Engine Type

Turboprop Engine
Turbofan Engine
Turboshaft Engine
Piston Engine
Others

Based On Aircraft Type

Fixed Wing Aircraft
Rotary Wing Aircraft

Based On Applications

Commercial Aviation
Business Aviation
Military Aviation
Recreational Aviation.

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Aircraft Engine Market
Global Aircraft Engine Market Qualitative Analysis
- Ecosystem Analysis
  - Role of participants
  - Integration scenario
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- Technology evolution
- Aircraft production estimates (2021 – 2025)
- COVID-19 consequences
  - Assessment of impact across aircraft manufacturing supply chain
  - Fall in air traffic and its impact on the commercial aircraft production plan
  - Dwindling Aftermarket budgets
  - Budget allocation – Recent past and future
  - Resurgence possibility and forward path

Global Aircraft Engine Market Analysis and Forecast, by Engine Type
- Overview and definitions
- Key segment analysis
- Global Aircraft Engine Market Estimates (US$ Mn), by Engine Type, 2019 – 2032
  - Turboprop engine
  - Turbofan engine
  - Turboshaft engine
  - Piston engine
  - Others

Global Aircraft Engine Market Analysis and Forecast, by Aircraft Type
- Overview and definitions
- Key segment analysis
- Global Aircraft Engine Market Estimates (US$ Mn), by Aircraft Type, 2019 – 2032
  - Fixed wing aircraft
  - Rotary wing aircraft

Global Aircraft Engine Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Aircraft Engine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Military aviation
  - Commercial aviation
    - Narrow body aircraft
    - Wide body aircraft
    - Very large body aircraft
    - Regional aircraft
  - General aviation
  - Business aviation
  - Recreational aviation

Global Aircraft Engine Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Aircraft Engine Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Aircraft Engine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Aircraft Engine Market Estimates (US$ Mn), by Engine Type, 2019 – 2032
  - Turboprop engine
  - Turbofan engine
  - Turboshaft engine
  - Piston engine
  - Others
- North America Aircraft Engine Market Estimates (US$ Mn), by Aircraft Type, 2019 – 2032
  - Fixed wing aircraft
  - Rotary wing aircraft
- North America Aircraft Engine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Military aviation
  - Commercial aviation
    - Narrow body aircraft
    - Wide body aircraft
    - Very large body aircraft
    - Regional aircraft
  - General aviation
  - Business aviation
  - Recreational aviation
- North America Aircraft Engine Market Estimates (US$ Mn), Country, 2019 – 2032
  - The U.S.
  - Canada
  - Rest of North America

Europe Aircraft Engine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Aircraft Engine Market Estimates (US$ Mn), by Engine Type, 2019 – 2032
  - Turboprop engine
  - Turbofan engine
  - Turboshaft engine
  - Piston engine
  - Others
- Europe Aircraft Engine Market Estimates (US$ Mn), by Aircraft Type, 2019 – 2032
  - Fixed wing aircraft
  - Rotary wing aircraft
- Europe Aircraft Engine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Military aviation
  - Commercial aviation
    - Narrow body aircraft
    - Wide body aircraft
    - Very large body aircraft
    - Regional aircraft
  - General aviation
  - Business aviation
  - Recreational aviation
- Europe Aircraft Engine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Belgium
  - Spain
  - Rest of Europe

Asia Pacific Aircraft Engine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Aircraft Engine Market Estimates (US$ Mn), by Engine Type, 2019 – 2032
  - Turboprop engine
  - Turbofan engine
  - Turboshaft engine
  - Piston engine
  - Others
- Asia Pacific Aircraft Engine Market Estimates (US$ Mn), by Aircraft Type, 2019 – 2032
  - Fixed wing aircraft
  - Rotary wing aircraft
- Asia Pacific Aircraft Engine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Military aviation
  - Commercial aviation
    - Narrow body aircraft
    - Wide body aircraft
    - Very large body aircraft
    - Regional aircraft
  - General aviation
  - Business aviation
  - Recreational aviation
- Asia Pacific Aircraft Engine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Japan
  - India
  - China
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Aircraft Engine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Aircraft Engine Market Estimates (US$ Mn), by Engine Type, 2019 – 2032
  - Turboprop engine
  - Turbofan engine
  - Turboshaft engine
  - Piston engine
  - Others
- Middle East & Africa Aircraft Engine Market Estimates (US$ Mn), by Aircraft Type, 2019 – 2032
  - Fixed wing aircraft
  - Rotary wing aircraft
- Middle East & Africa Aircraft Engine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Military aviation
  - Commercial aviation
    - Narrow body aircraft
    - Wide body aircraft
    - Very large body aircraft
    - Regional aircraft
  - General aviation
  - Business aviation
  - Recreational aviation
- Middle East & Africa Aircraft Engine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Saudi Arabia
  - UAE
  - Rest of Middle East

South America Aircraft Engine Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Aircraft Engine Market Estimates (US$ Mn), by Engine Type, 2019 – 2032
  - Turboprop engine
  - Turbofan engine
  - Turboshaft engine
  - Piston engine
  - Others
- South America Aircraft Engine Market Estimates (US$ Mn), by Aircraft Type, 2019 – 2032
  - Fixed wing aircraft
  - Rotary wing aircraft
- South America Aircraft Engine Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Military aviation
  - Commercial aviation
    - Narrow body aircraft
    - Wide body aircraft
    - Very large body aircraft
    - Regional aircraft
  - General aviation
  - Business aviation
  - Recreational aviation
- South America Aircraft Engine Market Estimates (US$ Mn), Country, 2019 – 2032
  - Brazil
  - Rest of South America

Competition Analysis – Aircraft Engine Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - Aero Engine Corporation of China
    - Business overview
    - Management
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Channel partners
    - Relevant news and strategic view
  - Aviation Industry Corporation of China, Ltd.
  - Barnes Group Inc.
  - Continental Motors Group
  - General Electric Company
  - Honeywell International Inc.
  - IAE International Aero Engines AG
  - Motor Sich JSC
  - MTU Aero Engines AG
  - Pratt & Whitney (Raytheon Technologies Corporation)
  - Rolls-Royce Holdings plc
  - Safran Aircraft Engines
  - Textron, Inc.,
  - United Engine Corporation

Conclusion & Recommendations

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Frequently asked questions about this report

What is the estimated growth rate of the global aircraft engine market?

The global aircraft engine market is estimated to expand at a CAGR of 4.5% through 2030.

What are the growth attributes of aircraft engine Market?

Which segment accounted for the largest aircraft engine market share?

North America contributed a dominating share to the global aircraft engine market. Presence of leading aircraft manufacturers, aircraft engine manufacturers, and increased investment in research & development of efficient aircraft engine are expected to contribute towards the growth of the North America aircraft engine market.

How can I get a sample report for the aircraft engine market?

The sample report for the aircraft engine Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

Who are the key players in aircraft engine market?

Some key players operating in the aircraft engine market include Aero Engine Corporation of China, Aviation Industry Corporation of China, Ltd., Barnes Group Inc., Continental Motors Group, General Electric Company, Honeywell International Inc., IAE International Aero Engines AG, Motor Sich JSC, MTU Aero Engines AG, Pratt & Whitney (Raytheon Technologies Corporation), Rolls-Royce Holdings plc, Safran Aircraft Engines, Textron, Inc., and United Engine Corporation.

What was the market for aircraft engine valued at in 2019?

The global aircraft engine market size was estimated to be US$ 70 billion in 2019.