Civial Aircraft Engines Market size was valued at USD 94.56 Billion in 2024 and is projected to reach USD 130.24 Billion by 2033, exhibiting a CAGR of 4.01% from 2026 to 2033.
The global civil aircraft engines market was valued at approximately USD 78.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 5.2% during the forecast period. This growth is primarily driven by the rising demand for new generation, fuel efficient aircraft to accommodate increasing air passenger traffic and the need for fleet modernization. The demand for narrow body aircraft engines, which dominate the market, is expected to remain strong due to the surge in low cost carrier operations and short haul flight connectivity. Additionally, advancements in engine technologies, such as geared turbofan and open rotor configurations, are expected to boost market expansion. Increased investments in research and development to enhance fuel efficiency and reduce carbon emissions further contribute to market growth.
Regionally, North America held the largest market share in 2022, accounting for approximately 35% of the total revenue, driven by high air travel demand and fleet modernization initiatives. Europe followed closely with around 28% of the market share, owing to the presence of leading aerospace manufacturers and robust airline networks. The Asia Pacific region exhibited the fastest growth, with a CAGR of over 6%, supported by increasing air passenger traffic in emerging economies such as China and India. The Middle East and Africa region also showcased substantial potential, driven by growing investments in the aviation sector and the establishment of major aviation hubs. Latin America witnessed moderate growth, driven by expanding regional connectivity and modernization of existing fleets. The continuous rise in global air travel and advancements in aircraft engine technologies are expected to create lucrative opportunities in the civil aircraft engines market in the coming years.
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GE Aviation
Pratt & Whitney
Rolls Royce
Safran Aircraft Engines
Klimov
MTU Aero Engines
United Technologies Corporation
Textron
Honeywell International
Engine Alliance
CFM International
Mitsubishi Aircraft Corporation
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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 Civial Aircraft Engines Market
Turbofan Engines
Turboprop Engines
Piston Engines
Rotary Engines
Conventional Engines
Hybrid Engines
Electric Engines
Advanced Aerodynamic Engines
Commercial Aircraft
Business Jets
General Aviation Aircraft
Helicopters
Airlines
Government Agencies
Private Operators
Aircraft Manufacturers
Engine Overhaul
Component Repair
Engine Inspection
Upgrades and Modifications
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 Civial Aircraft Engines 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 Civial Aircraft Engines Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Civial Aircraft Engines Market, By Type
6. Global Civial Aircraft Engines Market, By Application
7. Global Civial Aircraft Engines Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Civial Aircraft Engines Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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