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Major Growth Driver Identified in 2025 Commercial Aircraft Gas Turbine Engine Market: Fuel-Efficient Aircraft Drive Growth In Commercial Aircraft Gas Turbine Engine Market
Commercial Aircraft Gas Turbine Engine
Commercial Aircraft Gas Turbine Engine Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for commercial aircraft gas turbine engines has seen a significant increase lately. Its growth is projected to rise from $56.46 billion in 2024 to $66.07 billion in 2025, with a compound annual growth rate (CAGR) of 17.0%. The growth during the historic period was mainly due to the hike in air travel demand, fuel efficiency necessities, the expansion of globalization and connectivity requirements, regulatory emissions standards, and an upgrade in the airline fleet.
Commercial Aircraft Gas Turbine Engine Market Size Forecast: What's the Projected Valuation by 2029?
The market size of commercial aircraft gas turbine engines is slated to witness significant expansion in the upcoming years, with predictions placing its value at $118.17 billion by 2029, propelled by a compound annual growth rate (CAGR) of 15.6%. The surge in this forecast period is rooted in a few key factors that range from the persistent growth of air travel, stricter environmental rules, increased demand for wide-body planes, breakthroughs in engine design technology, and a sharp shift towards sustainable aviation practices. Noteworthy trends for the forecast period comprise the employment of sophisticated cooling systems, initiatives on noise diminution solutions, incorporation of artificial intelligence (AI) in engine management, enlargement of sustainable aviation fuels (SAF), and the global gravitation towards more productive engine arrangements.
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What Are the Drivers Transforming the Commercial Aircraft Gas Turbine Engine Market?
The commercial aircraft gas turbine engine market is anticipated to grow due to the rising demand for a new generation of fuel-efficient airplanes. These are airplanes or airplane engines that use less fuel than their counterparts. The demand for these fuel-efficient planes is driving the commercial aircraft gas turbine engine market, given that they contribute to reduced prices and emissions, thereby causing less environmental harm. For example, the US Energy Information Administration, a US government agency, reported in August 2024 that the total supply of kerosene-type jet fuel rose from 1,596 thousand barrels per day in March 2023 to 1,717 thousand barrels per day in May 2024. This further explains the increase in demand for fuel-efficient airplanes, ultimately driving the market.
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What Long-Term Trends Will Define the Future of the Commercial Aircraft Gas Turbine Engine Market?
Technological innovation is becoming a prominent trend in the commercial aircraft gas turbine engine market. Many key players in this sector are working on pioneering technologies to bolster their market standing. For example, in November 2022, Airbus SE, an aircraft manufacturing company based in the Netherlands, announced their development of a hydrogen-powered fuel cell engine. This engine uses hydrogen combustion in a gas turbine and is under consideration as a potential sustainable solution for their zero-emission aircraft, projected to be in service by 2035. The A380 MSN1 flight test aircraft is currently being modified to accommodate liquid hydrogen tanks as well as the necessary distribution systems for future hydrogen-related technologies.
Which Segments in the Commercial Aircraft Gas Turbine Engine Market Offer the Most Profit Potential?
The commercial aircraft gas turbine engine market covered in this report is segmented -
1) By Type: Narrow-Body, Wide-Body, Regional Jet
2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
3) By Technology: Turbofan, Turbojet, Turboprop, Other Technology
4) By Aircraft Type: Light Commercial Aircraft, Heavy Commercial Aircraft, Passenger Based Aircraft, Cargo Based Multi-Model Aircraft
5) By Application: Commercial, Military
Subsegments:
1) By Narrow-Body: Single-Aisle Aircraft Engines, Twin-Aisle Aircraft Engines
2) By Wide-Body: Long-Haul Aircraft Engines, Twin-Engine Wide-Body Aircraft Engines
3) By Regional Jet: Turbofan Engines For Regional Jets, Turboprop Engines For Regional Jets
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Which Firms Dominate the Commercial Aircraft Gas Turbine Engine Market by Market Share and Revenue in 2025?
Major companies operating in the commercial aircraft gas turbine engine market include GE Aviation LLC, GKN Aerospace Services Ltd., Honeywell International Inc., MTU Aero Engines AG, Raytheon Technologies Corporation, Rolls-Royce Holdings plc, International Aero Engines AG, Engine Alliance LLC, CFM International Inc., Powerjet Plastic Machinery CO. LTD., Pratt and Whitney Co., Safran S.A., Williams International Co. LLC, EuroJet Turbo GmbH, Textron Inc., Ishikawajima-Harima Heavy Industries Co.Ltd., Mitsubishi Heavy Industries Ltd., Ansaldo Energia SpA, MAPNA Group, Caterpillar Inc., UEC NPO Saturn, Rotax Aircraft Engines, PBS Group, Teledyne Continental Motors, Spirit AeroSystems, Magellan Aerospace
Which Regions Offer the Highest Growth Potential in the Commercial Aircraft Gas Turbine Engine Market?
Asia-pacific was the fastest growing region in the commercial aircraft gas turbine engine market in 2024. The regions covered in the commercial aircraft gas turbine engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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