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The aircraft engine market was valued at $42.43 billion in 2020 and is projected to reach around $75 billion by 2026, registering a CAGR of over 7% during the forecast period (2021-2027). The aircraft engine market has been significantly impacted by the COVID-19 pandemic due to a slowdown in the aviation industry and supply chain problems (stop manufacturing parts and materials), resulting in overall decline in overall aircraft engine deliveries. This caused engine OEMs to witness huge losses and implement new cost-saving strategies.
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A full report of Global Aircraft Engines Market is available at: https://www.orionmarketreports.com/aircraft-engines-market/45822/
The following Segmentation are covered in this report:
By Type
- Turboprop
- Turbofan
- Turboshaft
- Piston Engine
By Wing Position
- Fixed Wing
- Rotary Wing
By End-user
- Commercial Aviation
- Military Aviation
- Others
Major Players
- General Electric Company
- Rolls-Royce Motor Cars Limited
- Honeywell International Inc.
- United Technologies Corporation
- Pratt & Whitney Division
- Snecma S.A
- Hindustan Aeronautics Limited
- JSC “Klimov”-United engine corporation
- Safran
- The Boeing Company
The report covers the following objectives:
- Proliferation and maturation of trade in the global Aircraft Engines Market.
- The market share of the global Aircraft Engines 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 global Aircraft Engines Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Aircraft Engines Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
