Aircraft Engine Market Size
Market Size in USD Bn
CAGR7.9%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 7.9% |
| Market Concentration | High |
| Major Players | General Electric Company (GE Aviation), Rolls-Royce Holding PLC, Pratt & Whitney, Honeywell International Inc., Safran Aircraft Engines and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Aircraft Engine Market Analysis
The aircraft engine market is estimated to be valued at USD 109.83 Bn in 2024 and is expected to reach USD 187.05 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. The aircraft engine market is expected to witness positive growth over the forecast period supported by factors such as burgeoning international tourist arrivals and domestic air traffic.