The global aircraft engines market is expected to grow at a CAGR of 5.7% over forecast period 2020 to 2027 and to reach value around US$ 109,327.9 Mn by 2027.
An aircraft engine is a part of an aircraft propulsion system, engineered to generate mechanical power. These are powered by jet propulsion or turbine or piston technology. The components involved in aircraft engines include the compressor, turbine, gearbox, exhaust nozzle, and fuel system among others.
Market Dynamics
The increasing aircraft order due to growing air traffic, which is generating demand for new engines, is supporting the market growth. The increasing demand for fuel-efficient engines and developments in newer generation aircraft is adding the market value. Along with this, several airlines are revamping their fleet by procuring new aircraft is another factor contributing to the market value. Moreover, rising concern about aviation emission is likely to create potential opportunities for fuel-efficient and lightweight engines over the forecast period.
On the other side, existing backlogs in deliveries and long life cycle of aircraft engines are some of the factors expected to hinder the growth of the market.
By type, turbofan engine segment accounted for the major share
In 2019, the turbofan engine accounted for the major share in the global market. Turbofan engines are most widely used in commercial and military segments. The increasing commercial aviation segment is supporting the market value. The increasing investment in the military sector of various countries by the government is additionally projected to drive growth.
By Platform, Fixed Wing segment is expected to experience fastest growth
The fixed-wing segment is projected to exhibit the fastest growth during the forecast timeframe from 2020 to 2027. The increasing demand for fixed-wing aircraft across the general aviation, military aviation, and commercial aviation is primarily driving the market growth.
On the basis of application, commercial aviation segment is anticipated to register major CAGR (%)
The commercial aviation segment is projected to experience the fastest growth with major CAGR over the estimated period from 2020 to 2027. The rapidly increasing air traffic owing to the increasing disposable income in developing economies is driving the market value. The increasing replacement of conventional components with the technologically advance components and systems in the commercial aviation sector is further projected to accelerate the market value.
The market research study on “Aircraft Engines Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Aircraft Engines market entailing insights on its different market segments.
Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Aircraft Engines market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Aircraft Engines market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Aircraft Engines market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
North America accounted for the major share in the global aircraft engines market
In 2019, North America accounted for the maximum share in the global market. The region is particularly gaining growth because it has the largest fleet of aircraft in the world. Moreover, the Asia Pacific region is projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027. The increasing number of foreign travelers coupled with the rapidly increasing air traffic in the regional market is supporting the market growth. The changing lifestyle, rapid urbanization, and increasing disposable income are supporting regional market growth.
The players profiled in the report include CFM International SA, General Electric Co., Honeywell International Inc., International Aero Engines AG, MTU Aero Engines AG, Rolls-Royce Holdings Plc., Safran SA, Textron, Inc., and United Technologies Corporation.
Market Segmentation
Market By Type
- Turboprop Engine
- Turbofan Engine
- Turboshaft Engine
- Piston Engine
Market By Application
- Commercial Aviation
- Military Aviation
- General Aviation
Market By Platform
Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Aircraft Engines
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Aircraft Engines Market By Type
1.2.2.1. Global Aircraft Engines Market Revenue and Growth Rate Comparison By Type (2016-2027)
1.2.2.2. Global Aircraft Engines Market Revenue Share By Type in 2019
1.2.2.2.1. Turboprop Engine
1.2.2.2.2. Turbofan Engine
1.2.2.2.3. Turboshaft Engine
1.2.2.2.4. Piston Engine
1.2.3. Aircraft Engines Market By Application
1.2.3.1. Global Aircraft Engines Market Revenue and Growth Rate Comparison By Application (2016-2027)
1.2.3.1.1. Commercial Aviation
1.2.3.1.2. Military Aviation
1.2.3.1.3. General Aviation
1.2.4. Aircraft Engines Market By Platform
1.2.4.1. Global Aircraft Engines Market Revenue and Growth Rate Comparison By Platform (2016-2027)
1.2.4.2. Fixed Wing
1.2.4.3. Rotary Wing
1.2.5. Aircraft Engines Market By Geography
1.2.5.1. Global Aircraft Engines Market Revenue and Growth Rate Comparison By Geography (2016-2027)
1.2.5.2. North America Aircraft Engines Market Revenue and Growth Rate(2016-2027)
1.2.5.3. Europe Aircraft Engines Market Revenue and Growth Rate(2016-2027)
1.2.5.4. Asia-Pacific Aircraft Engines Market Revenue and Growth Rate(2016-2027)
1.2.5.5. Latin America Aircraft Engines Market Revenue and Growth Rate(2016-2027)
1.2.5.6. Middle East and Africa (MEA)Aircraft Engines Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Aircraft Engines Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Aircraft Engines Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Aircraft Engines Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Aircraft Engines Major Manufacturers in 2019
CHAPTER 4. AIRCRAFT ENGINES MARKET BY TYPE
4.1. Global Aircraft Engines Revenue By Type
4.2. Turboprop Engine
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Turbofan Engine
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Turboshaft Engine
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.5. Piston Engine
4.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. AIRCRAFT ENGINES MARKET BY APPLICATION
5.1. Global Aircraft Engines Revenue By Application
5.2. Commercial Aviation
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Military Aviation
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. General Aviation
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. AIRCRAFT ENGINES MARKET BY PLATFORM
6.1. Global Aircraft Engines Revenue By Platform
6.2. Fixed Wing
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Rotary Wing
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA AIRCRAFT ENGINES MARKET BY COUNTRY
7.1. North America Aircraft Engines Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. North America Aircraft Engines Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Aircraft Engines Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
CHAPTER 8. EUROPE AIRCRAFT ENGINES MARKET BY COUNTRY
8.1. Europe Aircraft Engines Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Europe Aircraft Engines Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC AIRCRAFT ENGINES MARKET BY COUNTRY
9.1. Asia-Pacific Aircraft Engines Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Asia-Pacific Aircraft Engines Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA AIRCRAFT ENGINES MARKET BY COUNTRY
10.1. Latin America Aircraft Engines Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Latin America Aircraft Engines Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA AIRCRAFT ENGINES MARKET BY COUNTRY
11.1. Middle East & AFRICA Aircraft Engines Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Middle East & AFRICA Aircraft Engines Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Platform, 2016 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. CFM International SA
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. General Electric Co.
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Honeywell International Inc.
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. International Aero Engines AG
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. MTU Aero Engines AG
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Rolls-Royce Holdings Plc.
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Safran SA
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Textron, Inc.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. United Technologies Corporation
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
