COVID19: Aircraft Engines Market is projected to reach a value of over USD 102.7 billion by 2027 at a CAGR of around 4.4%.

DataBridge Market Research
4 min readOct 12, 2020



The Global Aircraft Engines Market is projected to reach a value of over USD 102.7 billion by 2027 at a CAGR of around 4.4%.

An aircraft engine is a part of the propulsion system of the aircraft which is used to generate mechanical power. Aircraft engines are designed to deliver maximum power at minimum rotation per minute (RPM). The aircraft engine consists of five components such as a fan, compressor, combustor, turbine, and nozzle. Advanced technologies allow billions of passengers to take into the air travel each year for business or leisure travel. GE, Rolls-Royce plc, United Technologies Corporation — Pratt & Whitney Division, and Honeywell International Inc. are the key players in the aircraft engines market.

AIRCRAFT ENGINES MARKET: Drivers & Opportunities

Market Driver:

  • Increasing Demand for Fuel and Energy Efficient Engines

According to IEA, the rising CO2 emission by aviation results in increasing the demand for energy-efficient engines. While the energy efficiency of the aircraft engine is improved by 3.2% between 2000 to 2014 and slows down to 1% until the present. The data mentioned in the sustainable development scenario (SDS), aviation energy efficiency is expected to improve by more than 3% until 2040. Due to increasing air passenger traffic, the need for fuel efficiency and energy efficiency will be expected to grow the efficient aircraft engines market during the upcoming years.

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Market Opportunities:

  • Increasing Demand for 3D Printed Aircraft Engines

3D printing technology is being used in aerospace & defense increase the ability to create parts that are stronger and lighter than traditional manufacturing. 3D printing is implemented in the design of aircraft engine parts for tool-less and cost-effective production of lightweight components that help to reduce fuel consumption, CO2 emission, and material cost owing to which has increased the demand for 3D printing in the aerospace industry. In the defense industry, 3D printing help to eliminates hard tooling, thus increasing the security around the design IP while lowering non-recurring costs and ensuring life cycle support. Improvement in-flight performance and production efficiency while simplifying inventory with strong, lightweight composite parts have anticipated surging the product market growth.

AIRCRAFT ENGINES market: Key segments

  • Based on type: Turbojet Engines, Turboprop Engines, Turbofan Engines, Turboshaft Engines, and Ramjets Engine
  • Based on component: Fan, Compressor, Combustor, Turbine, Nozzle, and Others
  • Based on aircraft type: Commercial Aircraft, Military Aircraft, Business Aircraft, and Others
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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The report on the Aircraft Engines market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2018–2027Base Year for Market Calculation2019Forecasted Period2020–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedType, Component, and Aircraft TypeRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

  • GE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Rolls-Royce plc
  • Safran
  • United Technologies Corporation — Pratt & Whitney Division
  • Honeywell International Inc.
  • MTU Aero Engines
  • IHI Corporation
  • Lycoming Engines
  • Hindustan Aeronautics Limited
  • Williams International
  • Other Key Companies

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AIRCRAFT ENGINES MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Aircraft Engines Market, by Product Type

  • Turbojet Engines
  • Turboprop Engines
  • Turbofan Engines
  • Turboshaft Engines
  • Ramjets Engines

Aircraft Engines Market, by Component

  • Fan
  • Compressor
  • Combustor
  • Turbine
  • Nozzle
  • Others

Aircraft Engines Market, by Aircraft Type

  • Commercial Aircraft
  • Military Aircraft
  • Business Aircraft
  • Others

AIRCRAFT ENGINES Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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