Aircraft Engine Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Aircraft Engine Market was valued at USD 42.43 billion in 2021, and it is projected to reach about USD 75 billion by 2028, registering a CAGR of over 7% during the forecast period 2022-2028.An aircraft engine is the part of an aircraft’s propulsion system that is used to generate mechanical power. In an aircraft engine, the air is drawn forward through intakes, compressed by a fan, mixed with fuel, burned, and then fired from the rear as a hot, fast-moving exhaust gas that propels the airplane forward.

Company Profile

Some of the prominent players in the aircraft engines market are General Electric Company (through GE Aviation), Raytheon Technologies Corporation (through Pratt & Whitney), Rolls-Royce Holding PLC, Safran SA, and MTU Aero Engines AG. 

Market Segmentation

 By Type

• Turboprop Engine
• Turbofan Engine
• Turboshaft Engine
• Piston Engine

By Application

• Commercial Aviation
• Military Aviation
• General Aviation

By Platform

• Fixed Wing
• Rotary Wing

Scope of the Report

The research study analyzes the Aircraft Engine Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Aircraft Engine Market Report

1. What was the Aircraft Engine Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Aircraft Engine Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Aircraft Engine Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.