Aircraft Engine Market: to achieve a market size of $169.7 Billion by 2028

The global Aircraft Engine market size is expected to reach $169.7 Billion by 2028 growing at the CAGR of 11.39% from 2021 to 2028.

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Global Aircraft Engine Drivers:
As the demand for more fuel-efficient aircraft and engines continues to rise, so does the demand for more efficient aircraft engines. These engines achieve more efficiency by using lighter materials. This trend in materials and manufacturing processes is expected to continue and in turn, drive the market for advanced aircraft engines and the materials used to make them.

Governments across the globe are implementing various stimulus packages to improve the infrastructure of airports to make travel hassle-free. The growing need for private jets among the business jet owners for their corporate meetings and conferences is further fuelling the industry. This growth is attributed to the high operating cost associated with the commercial aircraft industry.

However, high safety standards and lack of strikes as observed in the past few years is expected to drive the market.

Covid-19 Scenario:
● Impact on Market Size
● End-User Trend, Preferences, and Budget Impact
● Regulatory Framework/Government Policies
● Key Players Strategy to Tackle Negative Impact
● Opportunity Window

Global Aircraft Engine Market Segments:
The global Aircraft Engine market is further segmented into Type, Wing Position, End User, and geography.
● By Type: Turboprop, Turbofan, Turboshaft, Piston Engine

● By Wing Position: Fixed Wing, Rotary Wing

● By End-user: Commercial Aviation, Military Aviation, Others

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

North America is projected to be the largest regional share of the aircraft engine market during the forecast period. The key factor responsible for North America, leading the aircarft engine market owing to the rapid growth of the technology-advanced and efficient aircraft engine in the region.

In North America, increase in manufacturing industries and growing aerospace and defense aviation industry encourages manufacturers of airframe engines to introduce technologically advanced and efficient products across various aircraft type. The increasing demand for airframe engines and presence of some leading players operating in the market will lead to significant opportunities for airframe engines over here.

Key Players of Global Aircraft Engine Market:
● 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

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Key Questions Answered Through The Report:
● The Impact of COVID-19 on the global market
● What are the potential opportunities for new entrants in the global market
● What is the market Size and Forecast from 2020 to 2028?
● Key Players associated with the global Aircraft Engine Market
● Value Chain Analysis of Global Aircraft Engine Market
● What is the CAGR of the global Aircraft Engine Market from 2021 to 2028
● Major Growth Factor, Challenges, Trends, and Opportunities in the global market
● Key outcomes of SWOT Analysis

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