Global Aircraft Engine Market

Global Aircraft Engines Market by Types (Turboprop, Turbofan, Turboshaft, and Piston Engines), Wing Positions (Fixed Wing and Rotary Wing), End-users (Commercial Aviation, Military Aviation, and Others), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: AL-3325
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 212
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The global aircraft engines market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. An aircraft engine, also known as an aero engine, is the prime power component of an aircraft impulsion system. Most aircraft engines have either piston engines or gas turbines. In recent years, many aircrafts or unmanned aerial vehicles (UAVs)uses electric motors. An aircraft engine is the part of the propulsion system for an aircraft, which is used to produce mechanical power.

Global Aircraft Engine Market summary

In an aircraft engine, air is collected through an inlet at front, compressed by a fan, which is then mixed with fuel and combusted, and then fired out as a hot, fast moving exhaust at the backside, which makes the aircraft move forward. The aircraft engines market has been extremely affected by the COVID-19 pandemic due to a recession in the aviation industry and issues in the supply chains, reducing the aircraft engine deliveries in 2020.

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising air traffic owing to less time consuming travel and shipping of goods is estimated to drive the growth of the market.
  • Growing adoption of aircrafts in the defense sector to counter terrorism and drug trafficking is expected to fuel the global aircraft engine market.
  • Increasing demand for aircraft engine with low emissions and lower weight, which can improve the fuel efficiency of aircraft is spurring the market growth.
  • Increasing concerns over the failure and breakdown of aircraft engines through operation and setbacks in deliveries are some of the issues obstructing the growth of the market.
  • High manufacturing and maintenance costs along with the lack of production facilities can restrain the development of this market.
  • Ongoing investment in the research and development of new engine models with the adoption of technologies such as composite technologies and additive manufacturing are driving the growth of the market.

Scope of the report:

The report on global aircraft engine market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Aircraft Engines Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (Turboprop, Turbofan, Turboshaft, and Piston Engines), Wing Positions (Fixed Wing and Rotary Wing), End-users (Commercial Aviation, Military Aviation, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

General Electric Company, Rolls-Royce Motor Cars Limited, Honeywell International Inc., United Technologies Corporation, Pratt & Whitney Division, Snecma S.A, Hindustan Aeronautics Limited, JSC "Klimov"-United engine corporation, Safran, The Boeing Company

Aircraft Engine Market Segment Insights

Turbofan segment is projected to hold a significant share of the market

In the terms of types, the global aircraft engines market can be fragmented into turboprop, turbofan, turbo shaft, and piston engine. The turbofan segment is anticipated to dominate the market owing to growing demand for this type of engine in commercial aircraft fleet and helicopter. However, the turbo shaft segment is expected to grow at a steady rate in the coming years.

Global Aircraft Engine Market types

Fixed wing segment is estimated to grow at a significant pace during the forecast period

On the basis of wing positions, the market can be divided into fixed wing and rotary wing. The fixed wing is estimated to expand at a high CAGR during the forecast period owing to growing demand for air passenger traffic and rising investment of airlines in increasing the fleet size.

Commercial aviation segment to dominate the market

Based on end-users, the market can be bifurcated into commercial aviation, military aviation, and others. The commercial aviation segment dominated the market in 2020 and is expected to continue to do so in the coming years. Technological advancements in latest generation passenger aircraft are making it possible to fly longer distances without any halt between the destination. Key players are emphasizing on rising the fuel effectiveness of passenger aircraft by increasing their range. Various airlines have already placed aircraft orders in the last few years to enlarge their fleet size to provide their services to more passengers.

Global Aircraft Engine Market end-users

Asia Pacific held a considerable market share in 2020

In the terms of regions, the global aircraft engines market can be segmented into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold a majority of the global market share due to the rising spending in the defense sector by emerging countries such as India and China. Moreover, increasing population and decreasing cost of air travel are one of the key drivers of the market growth in the region.

Global Aircraft Engine Market region

Segments

Segments covered in the report:
By Types

  • Turboprop
  • Turbofan
  • Turbo Shaft
  • Piston Engine

By Wing Positions

  • Fixed Wing
  • Rotary Wing

By End-users

  • Commercial Aviation
  • Military Aviation
  • Others

By Regions

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

By Key Players

  • General Electric Company
  • Rolls-Royce Motor Cars Limited
  • Honeywell International Inc.
  • United Technologies Corporation
  • Pratt & Whitney Division
  • Snecma S.A
  • Hindustan Aeronautics Limited
  • JSC "Klimov"- United engine corporation
  • Safran
  • The Boeing Company

 

Competitive Landscape

Key players in the global aircraft engine markets includes General Electric Company, Rolls-Royce Motor Cars Limited, Honeywell International Inc., United Technologies Corporation, Pratt & Whitney Division, Snecma S.A, Hindustan Aeronautics Limited, JSC "Klimov"-United engine corporation, Safran, The Boeing Company. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Aircraft Engine Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aircraft Engine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Aircraft Engine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Aircraft Engine Market - Supply Chain
  4.5. Global Aircraft Engine Market Forecast
     4.5.1. Aircraft Engine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Aircraft Engine Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Aircraft Engine Market Absolute $ Opportunity
5. Global Aircraft Engine Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Aircraft Engine Market Size and Volume Forecast by Types
     5.3.1. Turboprop
     5.3.2. Turbofan
     5.3.3. Turbo Shaft
     5.3.4. Piston Engine
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Aircraft Engine Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Aircraft Engine Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Aircraft Engine Demand Share Forecast, 2019-2026
7. North America Aircraft Engine Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Aircraft Engine Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Aircraft Engine Market Size and Volume Forecast by Types
     7.4.1. Turboprop
     7.4.2. Turbofan
     7.4.3. Turbo Shaft
     7.4.4. Piston Engine
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Aircraft Engine Demand Share Forecast, 2019-2026
8. Latin America Aircraft Engine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Aircraft Engine Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Aircraft Engine Market Size and Volume Forecast by Types
     8.4.1. Turboprop
     8.4.2. Turbofan
     8.4.3. Turbo Shaft
     8.4.4. Piston Engine
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Aircraft Engine Demand Share Forecast, 2019-2026
9. Europe Aircraft Engine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Aircraft Engine Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Aircraft Engine Market Size and Volume Forecast by Types
     9.4.1. Turboprop
     9.4.2. Turbofan
     9.4.3. Turbo Shaft
     9.4.4. Piston Engine
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Aircraft Engine Demand Share Forecast, 2019-2026
10. Asia Pacific Aircraft Engine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Aircraft Engine Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Aircraft Engine Market Size and Volume Forecast by Types
     10.4.1. Turboprop
     10.4.2. Turbofan
     10.4.3. Turbo Shaft
     10.4.4. Piston Engine
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Aircraft Engine Demand Share Forecast, 2019-2026
11. Middle East & Africa Aircraft Engine Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Aircraft Engine Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Aircraft Engine Market Size and Volume Forecast by Types
     11.4.1. Turboprop
     11.4.2. Turbofan
     11.4.3. Turbo Shaft
     11.4.4. Piston Engine
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Aircraft Engine Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Aircraft Engine Market: Market Share Analysis
  12.2. Aircraft Engine Distributors and Customers
  12.3. Aircraft Engine Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. General Electric Company
     12.4.2. Rolls-Royce Motor Cars Limited
     12.4.3. Honeywell International Inc.
     12.4.4. United Technologies Corporation
     12.4.5. Pratt & Whitney Division
     12.4.6. Snecma S.A
     12.4.7. Hindustan Aeronautics Limited
     12.4.8.

Segments covered in the report:
By Types

  • Turboprop
  • Turbofan
  • Turbo Shaft
  • Piston Engine

By Wing Positions

  • Fixed Wing
  • Rotary Wing

By End-users

  • Commercial Aviation
  • Military Aviation
  • Others

By Regions

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

By Key Players

  • General Electric Company
  • Rolls-Royce Motor Cars Limited
  • Honeywell International Inc.
  • United Technologies Corporation
  • Pratt & Whitney Division
  • Snecma S.A
  • Hindustan Aeronautics Limited
  • JSC "Klimov"- United engine corporation
  • Safran
  • The Boeing Company

 

Key players in the global aircraft engine markets includes General Electric Company, Rolls-Royce Motor Cars Limited, Honeywell International Inc., United Technologies Corporation, Pratt & Whitney Division, Snecma S.A, Hindustan Aeronautics Limited, JSC "Klimov"-United engine corporation, Safran, The Boeing Company. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Global Aircraft Engine Market keyplayers

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