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.
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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
- What was the Aircraft Engine Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Aircraft Engine Market during the forecast period (2022-2028)?
- 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).
- Which manufacturer/vendor/players in the Aircraft Engine Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Aircraft Engine market.
- The market share of the Aircraft Engine market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Aircraft Engine market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Aircraft Engine market.
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