The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing air passenger traffic are expected to drive innovation in aircraft engines manufacturing, thus driving the market during the forecast period.

The global aircraft engines market is expected to grow from $37.21 billion in 2022 to $37.07 billion in 2023 at a compound annual growth rate (CAGR) of -0.4%. The global aircraft engines market size is expected to grow to $46.32 billion in 2027 at a CAGR of 5.7%.

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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 is the largest region in the global aircraft engines market in 2021.

Major Market Players in the aircraft engines market include General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines.

The integration of 3D printed parts into aircraft engines is a key trend gaining popularity in the aircraft engine market. Companies are increasingly using 3D printing technology in aircraft engines as well as 3D printing-based production for aviation to reduce fuel usage and material costs. In January 2020, GE Aviation revealed that the first aircraft of its 777X jet, operated by twin GE9X engines, was finished by the American multinational aerospace giant Boeing. The GE9X engines contain over 300 3D-printed components. According to General Electric (GE), 3D printing has enabled the creation of the GE9X engine, which is 10% more fuel efficient than the GE90 engine. Market intelligence company Netscribes estimates that additive manufacturing (AM) techniques will produce global annual revenue of $8.7 billion in 2020.

The Aircraft Engines Global Market Report 2023  provides a aircraft engines market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft engines market forecast analyzes aircraft engines market size, aircraft engines market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Aircraft engine is a component of a propulsion system that generates mechanical power to run the aircraft. The aircraft engine is propelled by jet fuel, aviation gasoline (Avgas), jet B, and biokerosene.

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