Evolving Market Trends In The Aircraft Engines Industry: Leading Innovations By Major Players In The Aircraft Engines Market

The Aircraft Engines 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 Expected Aircraft Engines Market Size During the Forecast Period?
The aircraft engines market size has experienced consistent growth in recent years. It is projected to increase from $53.48 billion in 2024 to $55.07 billion in 2025, registering a compound annual growth rate (CAGR) of 3.0%. This past growth was driven by commercial aviation expansion, advancements in technology, compliance with regulations, and airline fleet upgrades.

The aircraft engines market is expected to see steady growth in the coming years. It will reach $63.04 billion by 2029, growing at a CAGR of 3.4%. This growth is driven by the rise of sustainable aviation, emerging technologies, market growth in emerging economies, and urban air mobility (UAM). Major trends expected include improvements in fuel efficiency and emissions reduction, the use of advanced materials, and the development of high bypass turbofans and geared turbofan engines.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3697

What Are the High-Growth Segments in the Aircraft Engines Market?
The aircraft engines market covered in this report 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, Others

Subsegments:
1) By Turboprop: Civil Turboprop Engines, Military Turboprop Engines
2) By Turboshaft: Civil Turboshaft Engines, Military Turboshaft Engines
3) By Turbofan: High-Bypass Turbofan Engines, Low-Bypass Turbofan Engines
4) By Piston Engine: Air-Cooled Piston Engines, Liquid-Cooled Piston Engines

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3697&type=smp

What Key Drivers Are Expected to Influence Future Aircraft Engines Market Growth?
Rising numbers of air travelers are expected to accelerate the growth of the aircraft engine market. According to ICAO, 2022 saw a 47% increase in global passenger traffic compared to 2021, with a 70% boost in revenue passenger kilometers. This increasing demand is prompting airlines to upgrade fleets, creating a robust market for new aircraft engines. IATA projects that the number of air passengers could reach 8.2 billion by 2037, reinforcing market growth.

Which Companies Hold the Largest Share Across Different Aircraft Engines Market Segments?
Major companies operating in the aircraft engines market include General Electric Company, Rolls-Royce Limited, Honeywell International Inc., United Technologies Corporation, Safran S.A., IAE International Aero Engines AG, MTU Aero Engines, Textron Inc., Hindustan Aeronautics Limited, Klimov, Continental Motors Group, United Engine Corporation, Motor Sich, AVIC Aircraft, Aero Engine Corporation of China, Barnes Group, Pratt & Whitney, UEC-Aviadvigatel JSC, Ivchenko-Progress, NPO Saturn, PowerJet, EuroJet Turbo GmbH, Xi'an Aero-Engine Corporation (XAEC), Guizhou Aircraft Industry Corporation (GAIC), IHI Corporation, Williams International, Austro Engine GmbH, Textron Aviation Inc., BRP-Rotax GmbH & Co KG, Teledyne Continental Motors, Thielert Aircraft Engines GmbH, UEC Saturn, CFM International, Engine Alliance

What Trends Are Driving Growth in The Aircraft Engines Market?
In the aircraft engines market, companies are focusing on hybrid electric engines to meet industry demands for better fuel efficiency and reduced emissions. GE Aerospace, in collaboration with NASA, launched the development of a hybrid electric demonstrator engine in June 2024. This engine is part of NASA's Hybrid Thermally Efficient Core (HyTEC) project, which aims to reduce fuel consumption and enhance engine performance using electric propulsion technology.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/aircraft-engines-global-market-report

What Are the Emerging Geographies for The Aircraft Engines Market Growth?
North America was the largest region in the aircraft engine market in 2023. North America is expected to be the fastest-growing region in the aircraft engines market during the forecast period. The regions covered in the aircraft engines 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 Aircraft Engines Market?
2. What is the CAGR expected in the Aircraft Engines Market?
3. What Are the Key Innovations Transforming the Aircraft Engines Industry?
4. Which Region Is Leading the Aircraft Engines Market?

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.