Aircraft Engines Market 2022 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran

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The global aircraft engines market report by the business research company growing air passenger traffic is expected to be a major growth driver for the aircraft engines market. In 2020, total air passenger traffic increased by 19% until August 31, with carriers flying more than 70 lakh passengers during the period following a two-month pause from % until August 31, with carriers flying more than 70 lakh passengers during the period following a two-month pause from May 25th after the re-opening of domestic airline facilities in a graded manner. In order to meet the increasing air traffic, a number of airlines are revamping their fleet by purchasing new aircraft that create demand for new engines. The International Air Transport Association (IATA) has disclosed that the number of passengers could double in 2037 to 8.2 billion. Therefore, the growing air passenger traffic drives the growth of the aircraft engine market.

The global aircraft engines market grew from $36.04 billion in 2021 to $37.82 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The aircraft engine market is expected to grow to $47.48 billion in 2026 at a CAGR of 5.9%.

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North America was the largest region in the aircraft engine market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in aircraft engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the aircraft engines market are General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation, Safran, International Aero Engines, MTU Aero Engines, Textron, Hindustan Aeronautics, Klimov, Continental Motors Group, United Engine, Motor Sich, AVIC Aircraft, Aero Engine Corporation of China and Barnes Group.

The global organic food market is segmented -
1) By Type: Turboprop, Turboshaft, Turbofan, Piston Engine
2) By Technology: Conventional Engine, Electric/Hybrid
3) By Platform: Fixed Wing, Rotary Wing
4) By Application: General Aviation, Business Aviation, Recreational Aviation

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The Aircraft Engines Market Report Contents Include
1. Executive Summary
2. Aircraft Engines Market Characteristics
3. Aircraft Engines Market Trends And Strategies
4. Aircraft Engines Market - Macro Economic Scenario
5. Aircraft Engines Market Size And Growth
....
28. Key Mergers And Acquisitions In The Aircraft Engines Market
29. Aircraft Engines Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the aircraft engines market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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