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

Increased global travel is likely to stimulate innovation in aviation gas turbine manufacturing, propelling the market over the forecast period.

The global aviation gas turbine market is expected to grow from $10.03 billion in 2022 to $10.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The global aviation gas turbine market size is expected to reach $14.01 billion in 2027 at a CAGR of 6.7%.

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Global Aviation Gas Turbine Market Segments Include:

• By Type: Turbojet, Turbofan, Turboprop, Other Types
• By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
• By Application: Commercial Aircraft, Defense Aircraft, Business Aircraft, Other Applications
• 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 aviation gas turbine market in 2021.

Major Market Players in the aviation gas turbine market include GE Aerospace, CFM International, Pratt & Whitney, Rolls-Royce, Avio Aero, Engine Alliance, International Aero Engines AG, MTU Aero Engines AG, UEC NPO Saturn, Raytheon Technologies Corporation.

Technological developments are a major trend that is gaining traction in the aviation gas turbine industry. To maintain their market position, major firms in the aviation gas turbine market are producing new and enhanced advanced technologies. For example, in June 2021, Safran SA, a French aircraft equipment manufacturer, and GE, a US aviation corporation, announced a collaboration to develop revolutionary jet engine technology. The technology demonstrator project is being launched as the aviation sector prepares to compete in the active segment of the market for the next generation of single-aisle aircraft, including the MAX and A320neo, while simultaneously dealing with increasing environmental strain.

The Aviation Gas Turbine Global Market Report 2023  provides a aviation gas turbine market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aviation gas turbine market forecast analyzes aviation gas turbine market size, aviation gas turbine 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.

A rotary engine that converts the flow of combustion gases into energy is referred to as an aviation gas turbine. Aviation gas turbines’ principal function is to power an aircraft while also producing energy and increasing combustion quality.

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