Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 66.94 Billion | USD 143.00 Billion | 8.8% | 2023 |
FrequentlyAsked Questions
An aircraft engine is a part of the propulsion system for an aircraft that produces mechanical power. The product is a light weighted piston engine or light weighted gas turbine.
Journey through air crafts has increased significantly over the past few years due to the rise in disposable income. This has resulted in the rise in the fleet size, thereby propelling the growth of aircraft engines market
According to a study, the global aircraft engines Industry size was $66.94 Billion in 2023 and is projected to reach $143.00 Billion by the end of 2032.
The global aircraft engines market is expected to grow at a CAGR of 8.8% during the forecast period.
North American region is slated to outperform other regions in terms of revenue growth through major contribution towards the overall market earnings.
Few of the main participants in aircraft engines market are Hindustan Aeronautics Limited, IAE International Aero Engines AG, CFM International, Rolls-Royce plc, Snecma S.A, Safran, Engine Alliance, GE Aviation, Boeing, MTU Aero Engines, Pratt & Whitney, and Honeywell Aerospace.
The global aircraft engines market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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