Aircraft Turbofan Engine Market Analysis

The market by application type is segmented into military aviation, commercial aviation and general aviation, out of which, the commercial aviation segment is anticipated to hold the highest growth on the back of increasing passengers all over the globe propelling the demand for new commercial aircrafts. Moreover, increase in the order book positions with engine manufacturers are focusing on to increase the production rate to meet delivery timelines along with the adoption of next generation aviation turbofan engines. Hence, these factors are estimated to drive the growth of commercial aviation segment over the forecast period.

Our in-depth analysis of the global market includes the following segments:

By Aircraft Type	Narrow Body Aircraft Wide Body Aircraft
By Application	Military Aviation Commercial Aviation General Aviation
By Engine Type	PW4000 GEnx Trent 1000 F414 GP7000 Others
By End Users	Aircraft Engine Manufacturers Technology Support Providers Research Bodies Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of aircraft turbofan engine is assessed at USD 3.04 billion.

Aircraft Turbofan Engine Market size was valued at USD 2.87 billion in 2023 and is expected to reach USD 7.09 billion by 2036, registering around 7.2% CAGR during the forecast period i.e., between 2024-2036.

North America industry is likely to dominate majority revenue share by 2036, on account of increase in modernization and sustainable investments for the production of latest turbofan engines.

The major players in the market are Safran, Rolls Royce plc, Pratt and Whitney, CFM International, MTU Aero Engines AG, Honeywell International Inc, UEC Aviadvigatel, International Aero Engines, Engine Alliance, and others.

Aircraft Turbofan Engine Market Analysis