Aircraft Engines Market Share, Size, Trends, Industry Analysis Report 2023-2032 General Electric Company, Rolls Royce, Honeywell International, United Technologies Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the aircraft engines market report by The Business Research Company, The growing air passenger traffic is expected to propel the growth of the aircraft engine market over the forecast period. In 2020, total air passenger traffic increased by 19% until 2020, with carriers flying more than 70 lakh passengers during the period following a two-month pause from until 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 global aircraft engines market size will grow from $37.21 billion in 2022 to $37.07 billion in 2023 at a compound annual growth rate (CAGR) of -0.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft engines market size is expected to grow to $46.32 billion in 2027 at a CAGR of 5.7%.

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Major competitors in the aircraft engines market include 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 aircraft engines market is segmented -
• By Type: Turboprop, Turboshaft, Turbofan, Piston Engine
• By Technology: Conventional Engine, Electric/Hybrid
• By Platform: Fixed Wing, Rotary Wing
• By Application: General Aviation, Business Aviation, Recreational Aviation, Others

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An aircraft engine is a component of a propulsion system that generates mechanical power to run the aircraft. The aircraft engine is propelled by jet fuel, aviation gasoline (Avgas), jet B, and biokerosene.

The Table Of Content For The Aircraft engines Market 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
…
27. Aircraft Engines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Engines Market
29. Aircraft Engines Market Future Outlook and Potential Analysis
30. Appendix

The "Global Aircraft Engines Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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