Aircraft Engine Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Aircraft Engine Market is segmented By Engine Type (Turbofan Engines, Turboprop Engines, Turboshaft Engines, Piston Engines), By Application (Commercial Aviation, Military Aviation, General Aviation, Business Aviation), By Component (Compressor, Turbine, Gearbox, Exhaust System, Fuel System), By Platform (Fixed-wing Aircraft, Rotary-wing Aircraft, Unmanned Aerial Vehicles (UAVs)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned.

Aircraft Engine Market is segmented By Engine Type (Turbofan Engines, Turboprop Engines, Turboshaft Engines, Piston Engines), By Application (Commerci....

Aircraft Engine Market Size

Market Size in USD

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

*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.

Aircraft Engine Market Report Snapshots

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