The Rising Defense Budget Is Driving The Market Due To Increasing Military Modernization Needs: Powering Innovation and Expansion in the Global Turboshaft Engine Market by 2025

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What Is the Expected CAGR for the Turboshaft Engine Market Through 2025?
The turboshaft engine sector has seen significant expansion in past years. Its market size is poised to increase from $5.15 billion in 2024 to $5.54 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. This substantial growth in the historic period can be credited to the escalating helicopter leasing market, increased fascination in unmanned cargo rotorcraft, rising demand for small engines with superior thrust, burgeoning civil aviation field in developing economies, and escalating utilization of engines in firefighting helicopters.

What's the Projected Size of the Global Turboshaft Engine Market by 2029?
In the coming years, the turboshaft engine market is projected to experience robust growth, surging to $7.33 billion by 2029 with a consistent annual growth rate of 7.2%. This growth during the forecast period can be traced back to factors such as the mounting demand for military helicopters, greater emphasis on light, fuel-efficient engines, increases in governmental defense spending, rising investments in urban air mobility initiatives, and the increasing incorporation of digital engine control systems. During the forecast period, major trends will include advanced solutions in fuel-efficient combustion systems, application of additive manufacturing (3D printing) technologies, technological enhancements in digital twin solutions, evolution of advanced cooling technologies, and innovation in rotorcraft propulsion systems.

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Top Growth Drivers in the Turboshaft Engine Industry: What's Accelerating the Market?
The turboshaft engine market's growth is being fueled by the continuous increase in defense budgets. These budgets, allocated by countries' governments, are specifically for the planning, development, procurement, maintenance, and operational readiness of their military forces and associated defense infrastructures. This surge in defense funding is primarily caused by the increasingly intricate national security threats, forcing governments to boost investment in advanced technologies, training, and abilities to maintain strategic deterrents and solid defense stances. Turboshaft engines bring heightened performance, efficiency, and operational dependability to military helicopters and other rotary-wing aircraft, reinforcing the goals of modern and generously funded defense initiatives. For instance, as per the International Institute for Strategic Studies (IISS), a non-governmental think tank based in the UK, worldwide defense expenditure surged to USD 2.46 trillion in 2024 from USD 2.24 trillion in 2023. This represents a real-term growth rate acceleration to 7.4 percent compared to 6.5 percent in 2023 and 3.5 percent in 2022. As a result, the average allocation reached 1.9 percent of gross domestic product in 2024, an increase from 1.6 percent in 2022 and 1.8 percent in 2023. Therefore, the turboshaft engine market is expanding due to the escalation in defense budgets.

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What Trends Will Shape the Turboshaft Engine Market Through 2029 and Beyond?
The turboshaft engine market's key players are actively collaborating on strategic initiatives to refine advanced free power turbines and high-efficiency engine components. The aim is to enhance performance, lower fuel consumption, and adhere to strict safety and reliability standards for contemporary military and civilian helicopters. A free power turbine (FPT) in a turboshaft engine, which operates independently from the engine's gas generator, harvests energy from exhaust gasses to power an output shaft like a helicopter rotor, without any mechanical connections to the engine's gas-producing compressor or turbine. Take for instance, in June 2025, Avio Aero, a specialist in aviation propulsion systems based in Italy, joined forces with France's Safran Helicopter Engines and Germany's MTU Aero Engines, to innovate the next wave of military helicopter engines. The collaboration aims to bring forth sophisticated turboshaft engines with enhanced power-to-weight ratios, improved fuel economy, robust free power turbines, modular configurations, and digital monitoring systems. These improvements aim to simplify maintenance processes, boost helicopter performance, and bolster European strategic autonomy.

What Are the Main Segments in the Turboshaft Engine Market?
The turboshaft engine market covered in this report is segmented as

1) By Engine Type: Single-Spool Turboshaft Engines, Multi-Spool Turboshaft Engines, Turbocharged Turboshaft Engines
2) By Fuel Type: Aviation Turbine Fuel (ATF), Biofuels, Diesel, Jet Fuel
3) By Power Rating: Below 500 HP, 500-2000 HP, Above 2000 HP
4) By Application: Aerospace, Defense, Commercial Aviation, Industrial, Marine
5) By End-User: Commercial Operators, Military Or Government, Original Equipment Manufacturers (OEMs), Maintenance Repair And Overhaul (MRO) Providers

Subsegments:
1) By Single-Spool Turboshaft Engines: Light Duty Engines, Medium Duty Engines, Heavy Duty Engines
2) By Multi-Spool Turboshaft Engines: Twin Spool Engines, Triple Spool Engines, Variable Spool Engines
3) By Turbocharged Turboshaft Engines: Low Pressure Turbocharged Engines, Medium Pressure Turbocharged Engines, High Pressure Turbocharged Engines

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Which Top Companies are Driving Growth in the Turboshaft Engine Market?
Major companies operating in the turboshaft engine market are Honeywell Aerospace Inc., GE Aerospace, Pratt & Whitney, Rolls-Royce Plc, Aero Engine Corporation of China, Kawasaki Heavy Industries (KHI), IHI Corporation, AVIC Engine Corporation, MTU Aero Engines AG, Safran Group, ITP Aero S.A. (Bain Capital), Harbin Engine Group Co. Ltd., PBS GROUP, TUSAS Engine Industries Inc., Avio Aero S.p.A., Jakadofsky GmbH, Klimov JSC, Konner S.r.l., Motor Sich JSC, Astro Mechanica

Which Regions Will Dominate the Turboshaft Engine Market Through 2029?
North America was the largest region in the turboshaft engine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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