Learn about the global aircraft engines market through The Business Research Company, which provides information on aircraft engines market size, aircraft engines market drivers and restraints, aircraft engines market players, the COVID-19 impact on the aircraft engines market, and more.

The global aircraft engines market size is expected to grow from $36.04 billion in 2021 to $37.70 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The aircraft engine market is expected to reach $51.71 billion in 2026 at a CAGR of 6.5%.

The growing air passenger traffic is expected to propel the growth of the aircraft engine market over the coming years.

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The aircraft engines market consists of sales of aircraft engines and related services by entities (organizations, sole traders, or partnerships) that produce aircraft engines. An aircraft engine is a component of a propulsion system that generates mechanical power to run the aircraft. Only goods and services traded between entities or sold to end consumers are included.

Global Aircraft Engines Market Segments Include:

By Type: Turboprop, Turboshaft, Turbofan, Piston Engine

By Technology: Conventional Engine, Electric/Hybrid

By Platform: Fixed Wing, Rotary Wing

By Application: General Aviation, Business Aviation, Recreational Aviation, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the aircraft engine market in 2021.

The integration of 3D printed parts in aircraft engines is a key trend gaining popularity in the aircraft engines market. Companies are increasingly using 3D printing technology in aircraft engines as 3D printing-based production for aviation to reduce fuel usage and material costs.

TBRC’s aircraft engines market report covers:

Major Market Players: General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines, MTU Aero Engines, Textron, Hindustan Aeronautics, Klimov, Continental Motors Group, United Engine, Motor Sich, AVIC Aircraft, Aero Engine Corporation of China and Barnes Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Aircraft Engines Global Market Report 2022–Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides aircraft engines market overviews, analyses and forecasts market size, share, aircraft engines market players, aircraft engines market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s aircraft engines market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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