Emerging Trends to Drive Military Gas Turbine Market Growth at 5.5% CAGR Through 2029

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Military Gas Turbine Market Size Growth Forecast: What to Expect by 2025?
The market size for military gas turbines has seen substantial growth lately. The value which stands at $11.75 billion in 2024 is projected to expand to $12.44 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The surge during the historical timeframe is credited to factors like increased global defense expenditure, higher incorporation of fighter jets in war-prone areas, elevated spending in military upgrade initiatives, extended application of unmanned aerial vehicles (UAVs), and focus on domestic defense manufacturing.

How Will the Military Gas Turbine Market Size Evolve and Grow by 2029?
In the coming years, the dimension of the military gas turbine market is predicted to experience a notable rise. The market value is projected to climb up to $15.43 billion by the year 2029, with a compound annual growth rate (CAGR) of 5.5%. Several factors fueling the growth during the predicted period include increased uptake of cutting-edge stealth aircraft, growing demand for hybrid-electric propulsion systems, intensified focus on fuel-efficient turbine technologies, a broadening scope of AI-integrated turbine control systems, and upsurging investments in hypersonic and space defense platforms. Key trends expected during this period are progress in hybrid-electric propulsion systems, breakthroughs in cooling technologies for high-performance turbines, compact turbofan engines for UAVs, additive manufacturing innovations for turbine components, and advanced digital twin technology used in predictive maintenance.

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What Drivers Are Propelling the Growth of Military Gas Turbine Market Forward?
Growth in the military gas turbine market is anticipated to surge in response to expanding defense expenditure. Defense expenditure pertains to the sum of financial resources which a government dedicates to the sustainment and enhancement of its military force and the security of the nation. The escalation in defense expenditure is resultant of mounting geopolitical tensions; increasing global conflicts, territorial disagreements, and power wrestles compel countries to boost their military readiness and deterrence capacities. More generous budgets enable governments to invest in sophisticated aircraft, naval ships, and ground systems dependent on gas turbines for propulsion and power. These engines are preferred due to their remarkable performance, reliability, and capacity to function in challenging settings. For example, as specified in a report by Canada's Department of National Defense in January 2025, Canada's defense allocation is projected to surge to 1.37% of its Gross Domestic Product (GDP) in 2024-25, a growth from 1.31% in 2023-24. Moreover, a percentage of 18.6% of the defense budget will be reserved for significant equipment acquisitions, an increase from the preceding year's 14.8%. Consequently, the rise in defense expenditure is fueling the expansion of the military gas turbine market.

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Which Emerging Trends Are Transforming the Military Gas Turbine Market in 2025?
Leading firms within the military gas turbine industry are striving to produce innovative products like the micro turbojet engine, as a means to improve propulsion efficiency, operational versatility, and platform adaptability in contemporary defence systems. The micro turbojet engine refers to a petite jet propulsion engine that generates thrust by air compression, fuel mixture, combustion, and high-speed expulsion through a nozzle. For example, in February 2024, an aerospace firm based in India named RVMT introduced the INDRA RV25: 240N, which is the first ever micro turbojet engine created indigenously. This cutting-edge engine, offering a thrust of 240 Newtons (roughly 25 kg), was designed, developed and produced entirely in India, with the aid of premier organisations like IIT-Hyderabad. Boasting a sleek design, a high thrust-to-weight ratio, and meticulously crafted components, the INDRA RV25 is well-suited for unmanned aerial vehicle (UAVs) usage, target drones and loitering munitions.

What Are the Key Segments in the Military Gas Turbine Market?
The military gas turbine market covered in this report is segmented -

1) By Type: Turbojet Engines, Turboprop Engines, Turbofan Engines, Turboshaft Engines
2) By Type Of Gas Turbine: Micro Gas Turbines, Heavy-Duty Gas Turbines, Light-Duty Gas Turbines
3) By Component Type: Compressor, Combustor, Gas Turbine Rotor, Generator, Control Systems
4) By Application: Fighter Aircraft, Helicopters, Unmanned Aerial Vehicles (UAVs), Naval Ships, Other Applications
5) By End User: Defense Agencies, Original Equipment Manufacturers (OEMs), Private Military Contractors

Subsegments:
1) By Turbojet Engines: Short-Range Missiles, Jet-Powered Target Drones, High-Speed Interceptor Aircraft, Supersonic Jet Fighters
2) By Turboprop Engines: Military Transport Aircraft, Maritime Patrol Aircraft, Reconnaissance Aircraft, Trainer Aircraft
3) By Turbofan Engines: Combat Aircraft, Unmanned Combat Aerial Vehicles (UCAVs), Strategic Bombers, Advanced Jet Trainers
4) By Turboshaft Engines: Type: Military Helicopters, Unmanned Rotorcraft Systems, Tiltrotor Aircraft, Naval Shipboard Auxiliary Power Units

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Who Are the Key Players Shaping the Military Gas Turbine Market's Competitive Landscape?
Major Companies operating in the military gas turbine market are General Electric Company (GE), Honeywell Aerospace, Rolls-Royce North America Inc., Safran Aircraft Engines, GE Aerospace , Williams International Co L.L.C., Kawasaki Heavy Industries Ltd., Motor Sich JSC, MTU Aero Engines AG, John Wood Group PLC, Hindustan Aeronautics Limited (HAL), Bharat Heavy Electricals Limited, Avio Aero , Allison Engine Company , Safran S.A., Pratt & Whitney, ProEnergy Services LLC, Power Engineering International, Motor Sich JSC, IHI Corporation

What Geographic Markets Are Powering Growth in the Military Gas Turbine Market?
North America was the largest region in the military gas turbine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the military gas turbine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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