Surging Global Travel Trends Ignite Growth In Aviation Gas Turbine Market: A Significant Driver Propelling The Aviation Gas Turbine Market In 2025

The Aviation Gas Turbine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Aviation Gas Turbine Market Size and Projected Growth Rate?
In recent times, the aviation gas turbine market has seen a significant increase in its size. An escalation from $11.4 billion in 2024 to $12.2 billion in 2025 is projected, indicating a compound annual growth rate (CAGR) of 7.0%. The surge in growth during the historical period is credited to a rise in the demand for air travel, adjustments in regulations, geopolitical influences, variations in the airline industry, and trends in supply chain and manufacturing.

Expectations for the aviation gas turbine market size denote a robust growth in the upcoming years, with forecasts predicting a rise to $15.64 billion by 2029, having a compound annual growth rate (CAGR) of 6.4%. The projected amplification within this period could be linked to factors such as green aviation drives, emergence of electrification trends, burgeoning markets and regional expansions, cybersecurity issues, and advancements in materials. Major trends anticipated during this forecast period encompass elevated demand for fuel effectiveness, progressive materials and technologies, heightened significance of maintenance, repair, and overhaul (MRO) services, incorporation of digital technologies, movement towards sustainable aviation, and the augmenting urban air mobility (UAM) sector.

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What Are the Major Segments in the Aviation Gas Turbine Market?
The aviation gas turbine market covered in this report is segmented -

1) By Type: Turbojet, Turbofan, Turboprop, Other Types
2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
3) By Application: Commercial Aircraft, Defense Aircraft, Business Aircraft, Other Applications

Subsegments:
1) By Turbojet: Single-Stream Turbojets, Twin-Stream Turbojets
2) By Turbofan: Low-Bypass Turbofans, High-Bypass Turbofans
3) By Turboprop: Regional Turboprop Engines, Military Turboprop Engines
4) By Other Types: Turboshaft Engines, Direct-Fan Engines, Hybrid Engines

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What Are The Driving Aviation Gas Turbine Market Evolution?
The aviation gas turbine market is expected to expand due to the rising number of people travelling globally. Those who undertake regular international travel or move from one place to another can be considered global travellers. Gas turbines function based on principles of compression, combustion, and expansion. As the speed of the air decreases, the pressure and temperature increase. This principle maintains a balance between power and weight, thereby enhancing flight comfort. For instance, statistics from the Bureau of Infrastructure and Transport Research Economics (BITRE), an economic research, analysis, and statistics provider based in Australia, indicated that between 2021 and 2022, total passenger movement surged from 1.23 million in November 2021 to 16.68 million passengers in November 2022. Consequently, this surge in global travel is fuelling the growth of the aviation gas turbine market.

Which Firms Dominate The Aviation Gas Turbine Market Segments?
Major companies operating in the aviation gas turbine market include General Electric Company, CFM International Inc., Pratt & Whitney Co. Inc., Rolls-Royce Holdings plc, Avio SpA, Engine Alliance LLC, International Aero Engines AG, MTU Aero Engines AG, United Engine Corporation, Raytheon Technologies Corporation, Williams International Co. LLC, Safran Aircraft Engines, EuroJet Turbo GmbH, Honeywell International Inc., IHI Corporation, Klimov JSC, Kawasaki Heavy Industries Ltd., Safran SA, Solar Turbines Incorporated, Siemens Energy AG, Mitsubishi Heavy Industries Ltd., MAN Energy Solutions SE, MTU Turbomeca Rolls-Royce GmbH, Motor Sich JSC, Chromalloy Gas Turbine LLC, Capstone Turbine Corporation, GKN Aerospace Services Limited

What Trends Are Expected to Dominate the Aviation Gas Turbine Market in the Next 5 Years?
A strong focus towards the development of single-engine turboprops characterizes the strategy of the leading players in the aviation gas turbine market. These companies are seeking to boost fuel efficiency, lower operational expenses, and augment performance for short-haul flights across both commercial and private aviation sectors. A single-engine turboprop can be defined as an aircraft propelled by a single turboprop engine, combining qualities of jet and propeller-driven engines. In February 2024, for example, Piper Aircraft Inc., a US firm, launched the M700 Fury, a single-engine turboprop. With a maximum cruising speed of 301 knots, it became the fastest single-engine aircraft in the history of Piper. It boasts an impressive ascent rate of 2,048 feet per minute, roughly 30% more than the M600 and presents six new interior design options for customization, giving customers freedom to select from a range of color schemes and high-quality materials for improved comfort and aesthetic appeal.

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Which Is The Largest Region In The Aviation Gas Turbine Market?
North America was the largest region in the aviation gas turbine market in 2024. The regions covered in the aviation gas turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Aviation Gas Turbine Market?
2. What is the CAGR expected in the Aviation Gas Turbine Market?
3. What Are the Key Innovations Transforming the Aviation Gas Turbine Industry?
4. Which Region Is Leading the Aviation Gas Turbine Market?

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