Commercial Aviation Engine Market Revenue was valued at USD 35 Billion in 2024 and is estimated to reach USD 52 Billion by 2033, growing at a CAGR of 4.8% from 2026 to 2033.
In 2023, the global commercial aviation engine market was valued at approximately USD 69.87 billion and is projected to reach USD 128.84 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.02% during the forecast period. North America led the market with a 35% revenue share, equating to about USD 24.46 billion, driven by technological advancements and robust defense spending. Asia Pacific followed with a 30% share, approximately USD 20.96 billion, fueled by rapid economic development and increasing air travel demand. Europe accounted for 25%, around USD 17.47 billion, supported by a well established aerospace industry and stringent environmental regulations. Latin America and the Middle East & Africa each contributed 5%, about USD 3.49 billion respectively, reflecting growing investments in aviation infrastructure.The Asia Pacific region is anticipated to experience the highest growth rate, with a projected CAGR of approximately 8% from 2024 to 2032, driven by the expansion of low cost carriers and substantial investments in aviation infrastructure. North America is expected to maintain steady growth with a forecasted CAGR of 5.5%, attributed to continuous investments in aerospace research and development. Europes market is projected to grow at a CAGR of 4.8%, focusing on next generation engines and sustainable aviation initiatives. These regional dynamics present significant opportunities for market participants to innovate and expand their presence in the evolving commercial aviation engine market.
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GE Aviation Systems
Safran (CFM International)
Lycoming Engines
Rotax
D-Star Engineering Corporation
BF Aerospace
Electrijet Flight Systems
Pratt & Whitney
Rolls Royce Holdings plc
Honda Global
Honeywell Aerospace
MTU Aero Engines
IHI Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Commercial Aviation Engine Market
Turbofan Engines
Turboprop Engines
Turbojet Engines
Unducted Fan Engines
Small Engines (up to 10,000 lbs thrust)
Medium Engines (10,000 to 30,000 lbs thrust)
Large Engines (above 30,000 lbs thrust)
Commercial Transport Aircraft
Regional Aircraft
Business Jets
Freighter Aircraft
Engine Core
Fan Section
Compressor Section
Turbine Section
Fuel System
Accessories
Conventional Engines
Hybrid Electric Engines
Regenerative Engines
Geared Turbofan Engines
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Commercial Aviation Engine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Commercial Aviation Engine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Commercial Aviation Engine Market, By Type
6. Global Commercial Aviation Engine Market, By Application
7. Global Commercial Aviation Engine Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Commercial Aviation Engine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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