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

According to The Business Research Company’s Commercial Aircraft Gas Turbine Engine Global Market Report 2023, The global commercial aircraft gas turbine engine market is expected to grow from $41.60 billion in 2022 to $48.97 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The global commercial aircraft gas turbine engine market size is expected to reach $90.28 billion in 2027 at a CAGR of 16.5%.

Asia-pacific held the largest commercial aircraft gas turbine engine market share.

Commercial Aircraft Gas Turbine Engine Market Driver

The growing demand for a new generation of fuel-efficient aeroplanes is likely to move the commercial aircraft gas turbine engine market forward in the coming years. Fuel-efficient aeroplanes have engines or planes that use less fuel than equivalent engines or planes. The growing desire for a new generation of fuel-efficient aeroplanes drives the commercial aircraft gas turbine engine market, as higher fuel efficiency leads to reduced prices and emissions, which cause environmental damage. For example, a ThinkPaper published in April 2021 by Eurocontrol, a Belgian government agency, predicted that by 2030, up to 4,286kg of CO2 emissions (25.8%) could be avoided in every flight compared to 2019, out of a total flight CO2 of 16,632 kilogrammes in the ECAC region, representing a significant advancement towards a perfect green getaway. Furthermore, using 10% SAF by 2030 would result in a CO2 reduction of 1,331 kg, or 8%. As a result, rising demand for a new generation of fuel-efficient planes propels the industry.

View More On The Commercial Aircraft Gas Turbine Engine Market Report 2023 – https://www.thebusinessresearchcompany.com/report/commercial-aircraft-gas-turbine-engine-global-market-report

Key Commercial Aircraft Gas Turbine Engine Market Segments

The global commercial aircraft gas turbine engine market is segmented –

1) By Type: Narrow-Body, Wide-Body, Regional Jet

2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft

3) By Technology: Turbofan, Turbojet, Turboprop, Other Technology

4) By Aircraft Type: Light Commercial Aircraft, Heavy Commercial Aircraft, Passenger Based Aircraft, Cargo Based Multi-Model Aircraft

5) By Application: Commercial, Military

Commercial Aircraft Gas Turbine Engine Market Prominent Players

Major players in the commercial aircraft gas turbine engine market are GE Aviation, GKN Aerospace, Honeywell International Inc., MTU Aero Engines AG, Raytheon Technologies Corporation., Rolls Royce Plc, International Aero Engines, Engine Alliance, CFM International., PowerJet, Pratt and Whitney, Safran S.A., Williams International Co. LLC, EuroJet Turbo GmbH, Textron Inc., and Ishikawajima-Harima Heavy Industries Co.Ltd. (IHI Corporation).

Request A Sample Of The Global Commercial Aircraft Gas Turbine Engine Market Report 2023:

https://www.thebusinessresearchcompany.com/sample.aspx?id=10756&type=smp

Prominent Commercial Aircraft Gas Turbine Engine Market Trend

The primary trend gaining traction in the commercial aircraft gas turbine engine market is technological advancement. Major players in the commercial aircraft gas turbine engine market are focusing on developing innovative technologies to increase their market position. For example, Airbus SE, a Dutch aeroplane manufacturer, unveiled hydrogen-powered fuel cell engine research as hydrogen combustion in a gas turbine in November 2022. The propulsion system is being considered as one of the possible options for outfitting its zero-emission aircraft, which is set to begin service in 2035. The A380 MSN1 flight test aircraft is now being modified to include liquid hydrogen tanks and associated distribution systems for future hydrogen technologies.

The Commercial Aircraft Gas Turbine Engine Global Market Report 2023  provides comprehensive insights on the commercial aircraft gas turbine engine market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the commercial aircraft gas turbine engine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Commercial Services Global Market Report 2023

Engine, Turbine, And Power Transmission Equipment Global Market Report 2023

Commercial Aircraft Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model