Aircraft engine market has witnessed immense growth along with the aviation industries in the recent years: Credence Research

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Aircraft engine market was valued at US$ 61.72Bn in 2016 and is estimated to grow at a CAGR of 5.3% from 2017 to 2025.

According to a new market research report published by Credence Research “Aircraft Engine Market (By Engine Type: Turboprop, Turbofan, Turboshaft and Piston Engine; By Aircraft Type: Fixed Wing Aircraft and Rotary Wing Aircraft; By End-user: Commercial Aircraft, Military Aircraft and Others) – Growth, Future Prospects, and Competitive Landscape, 2017-2025”, aircraft engine market was valued at US$ 61.72Bn in 2016 and is estimated to grow at a CAGR of 5.3% from 2017 to 2025.

Market Insights:

Aircraft engines are the main power source which provides the ability to lift and propel the aircraft in the air over the distance. In the past few decades, the term globalization has significantly promoted the passenger and cargo air transport across the different nations. Consequently, the demand for aircraft for different end-use verticals such as passenger aircraft, cargo aircraft and aircraft application for space research and technology has been growing consistently. The demand for aircraft engines has also witnessed a perpetual growth along with the rising demand for new aircraft for different end-use verticals. In addition, the significance of aircraft has played a vital role in the field of Military and defense application. The defense system across the globe are trying to fortify their attack and defense capabilities with ultramodern aircraft. This trend of inculcating advanced aircraft for combats and national securities has also uplifted the market for an aircraft engine.

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Aircraft engine market has witnessed immense growth along with the aviation industries in the recent years. With the consistently growing need for aircraft engines, the manufacturers are engaged in the development of more advanced, fuel-efficient powerful and economical engines for aircraft. Along with the fuel efficiency and emission control, manufacturers are also trying to reduce the amount of noise generated by the engine. With breath-taking competition and the race to develop better engines, manufacturers are setting-up new benchmarks for the performance and cost for the aircraft engines. Owing to the aforementioned factors, the overall market for the aircraft engine is expected to grow consistently throughout the forecast period from 2017 to 2025.

Competitive Insights:

Aircraft engine market is a well-established market with a number of international players characterizing the market. Aircraft engine manufacturers are consistently engaged in the development of available aircraft engines by making them more fuel efficient and powerful. Manufacturers are also striving to develop strategic alliances with leading aircraft companies to provide aircraft engines. Major players in the market include General Electric Company, Rolls-Royce Motor Cars Limited, Honeywell International Inc., United Technologies Corporation, Pratt & Whitney Division, Snecma S.A, Hindustan Aeronautics Limited, United Technologies Corporation, Safran, The Boeing Company, International Aero Engines AG, Engine Alliance LLC, Extron, Inc. and MTU Aero Engines AG.

Global Market Overview

The global aircraft engines market is foreseen to gain impetus from a swelling count of air passengers traveling across global borders and the resulting increase in air passenger traffic. The demand for aircraft engines could also improve while riding on the replacement of old engines and the adoption of new ones. High focus on improving fuel economy could be another factor enhancing the growth of the market. China and India witnessing an increase in aircraft numbers are foretold to up the demand in the Asia Pacific region.

This report is a compilation of significant market driving factors and restraints studied alongside vital trends and opportunities. The global aircraft engines market is deeply evaluated by the authors, taking into consideration its competitive landscape and other chief aspects.

Key Trends:

  • Consistently growing demand for air-transport
  • Up-gradation of the existing technology to make the engines more fuel efficient and powerful
  • Strategic partnerships and alliance of aircraft engine manufacturers with leading aircraft manufacturing companies to provide aircraft engines

The complete report is available at

What is the growth achieved till date?
What are the increasing opportunities in the Aircraft EngineSector?
What are the Investment Opportunities in Aircraft EngineSector?
What are the Challenges confronted via the Aircraft EngineSector worldwide then location wise?

Key Target Audience

  • Aircraft Engines Manufacturers
  • Engines Parts Manufacturers
  • MRO Service Providers and Engine Distributors

Research Methodology:

Market size estimation for various segments and subsegments of the aircraft engines market has been arrived at through extensive secondary research sources such as Airbus and Boeing Aircraft Market Outlook, Federal Aviation Administration (FAA), and International Air Transport Association (IATA), as well as annual reports and publications, among others, and in corroboration with primaries. Further market triangulation has been done with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from Credence Research, and presented in this report.


1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Aircraft Engine Market Snapshot
2.2. Global Aircraft Engine Market, By Engine Type
2.3. Global Aircraft Engine Market, By Aircraft Type
2.4. Global Aircraft Engine Market, By End-user
2.5. Global Aircraft Engine Market, By Geography

3. Global Aircraft Engine Market Analysis
3.1. Global Aircraft Engine Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Aircraft Engine Market Revenue, By Engine Type, 2015 – 2025 (US$ Mn) 
4.1. Market Analysis
4.2. Turboprop
4.3. Turbofan
4.4. Turboshaft
4.5. Piston Engine….

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