Aerospace and Defense Propulsion System Market - Top Companies and Manufacturers

Companies Dominating the Aerospace and Defense Propulsion Systems Landscape

Key players in the market are driving its growth through innovation, strategic partnerships, and investment in advanced technologies. The companies play a critical role in addressing the evolving demands of military, commercial, and space propulsion systems.

Here are some key players in the aerospace and defense propulsion system market:

Bombardier Inc.

Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis

Pratt & Whitney Canada
L3Harris
Magellan Aerospace Corporation
The Boeing Company
GE Aerospace
3W International Gmbh
Spirit AeroSystems
Aero Engine Corporation of China
CFM International
Lockheed Martin Corporation
MTU Aeroengines

Browse Key Market Insights with Data Illustration:

Aerospace and Defense Propulsion System Market Size Forecasts 2037

In the News

In July 2023, L3Harris Technologies completed the acquisition of Aerojet Rocketdyne, creating a fourth business sector for the corporation. In December 2022, L3Harris reached a definitive deal to acquire Aerojet Rocketdyne, highlighting its ability to bolster the defense industrial base, increase competition, and expedite innovation for a major merchant provider of propulsion systems.
In June 2023 Solvay joined Spirit AeroSystems (Europe) Limited as a strategic partner at their Aerospace Innovation Centre (AIC) in Prestwick, Scotland. The AIC brings together Spirit's industrial, academic, and supply-chain partners to conduct joint research on sustainable aviation technology. Both firms plan to focus on composite development to satisfy future aircraft performance, cost, and production requirements.

Frequently Asked Questions (FAQ)

The global aerospace and defense propulsion system market registered a valuation of USD 293.69 billion in 2024 and is poised to expand at a CAGR of 6.2% during the forecast period, i.e., 2025-2037.

The global aerospace and defense propulsion system sector registered a profitable valuation of USD 293.69 billion in 2024 and is poised to register USD 641.96 billion in 2037 expanding at a CAGR of 6.2% during the forecast period, i.e., 2025-2037.

The major players in the market are Pratt & Whitney Canada, L3Harris, Magellan Aerospace Corporation, The Boeing Company, GE Aerospace, 3W International Gmbh, and others.

By type, the air-breathing segment is estimated to register the largest revenue share of 80.2% by 2037. The market growth is attributed to the efficiency performance and adaptability of air-breathing propulsion types to various applications.

North America is poised to register the largest revenue share of 33.8% by the end of 2037. The market growth is driven by advancements in technology, significant defense spending, and the presence of major aerospace manufacturers and suppliers in the region.

Aerospace and Defense Propulsion System Market - Top Companies and Manufacturers

Companies Dominating the Aerospace and Defense Propulsion Systems Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the aerospace and defense propulsion system market?

What is the outlook for the aerospace and defense propulsion system market?

Who are the major players dominating the aerospace and defense propulsion system market?

Which type segment will capture the significant market share for the aerospace and defense propulsion system sector by 2037?

Which region will provide more business opportunities for the growth of the aerospace and defense propulsion system market in the future?