Aerospace Engine and Engine Parts Market size was valued at USD 93.15 Billion in 2024 and is projected to reach USD 130.70 Billion by 2033, exhibiting a CAGR of 4.06% from 2026 to 2033.
In 2022, the global aerospace engine and engine parts market was valued at USD 847.9 million, with a compound annual growth rate (CAGR) of 5.1% projected from 2023 to 2030. North America held a dominant position, contributing approximately 40% to the total revenue, driven by the presence of major aircraft manufacturers and a robust defense sector. Europe followed, with leading aircraft manufacturers and a focus on sustainability and technological innovation supporting its market share. The Asia Pacific region accounted for about 30% of the market in 2023 and is experiencing the fastest growth, with a projected CAGR of 6.5%. This surge is fueled by rapid economic development, increasing air passenger traffic, and significant investments in aerospace infrastructure in countries like China and India. Latin America and the Middle East & Africa combined contributed the remaining 10% of the market share, with growth driven by emerging aerospace industries and increasing demand for aircraft in these regions.
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CFM International
General Electric
International Aero Engines
Pratt & Whitney
Rolls Royce
Klimov
MTU Aero Engines
SNECMA
Tumansky
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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 Aerospace Engine and Engine Parts Market
Turbojet Engines
Turbofan Engines
Turboprop Engines
Reciprocating Engines
Hybrid and Electric Engines
Compressor
Turbine
Combustion Chamber
Fuel System
Exhaust System
Commercial Aviation
Military Aviation
Business Jets
Helicopters
Unmanned Aerial Vehicles (UAVs)
Conventional Technology
Advanced Manufacturing Technology
3D Printing (Additive Manufacturing)
Digital Twin Technology
Predictive Maintenance Technology
OEMs (Original Equipment Manufacturers)
Aftermarket Service Providers
Military Organizations
Private Aircraft Operators
Aerospace Research Institutions
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 Aerospace Engine and Engine Parts 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 Aerospace Engine and Engine Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aerospace Engine and Engine Parts Market, By Type
6. Global Aerospace Engine and Engine Parts Market, By Application
7. Global Aerospace Engine and Engine Parts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Aerospace Engine and Engine Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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