Aircraft Turbofan Engine Market Analysis

End use Segment Analysis

Under the end use segment, the aftermarket sub-segment is dominating in the aircraft turbofan engine market and is expected to hold the share value of 65.4% by 2035. The segment is driven by the operational necessity to maintain an ever-growing and aging global fleet where maintenance costs constitute a significant portion of an airline's operating expenses. The shift toward long-term performance-based service agreement such as power by the hour, ensures a steady, high-margin revenue stream for the OEMs, independent of new engine sales cycles. A key statistical driver is the sustained demand for air travel and subsequent maintenance activity. The report from the FAA in June 2025 has stated that the IFR flights represent the commercial airline cargo and business jet operation using turbofan engines have increased by 3.4% to 16.1 million, indicating a recovery in the aircraft utilization and flight hours.

Platform Segment Analysis

Within the platform segment, commercial aviation is the unequivocal leader, accounting for the vast majority of the aircraft turbofan engine market demand and revenue. This is fueled by the massive global fleet renewal and expansion programs aimed at improving fuel efficiency and meeting the stringent emissions targets. The segment’s growth is intrinsically linked to the passenger traffic recovery and long-term growth projections, mainly in the Asia Pacific region. The critical statistical indicator from 2023 underscores the sector’s rebound and scale according to the U.S. Bureau of Transportation Statistics in September 2023. U.S. Airlines gained USD 5.5 billion in Q2 2023, which is an improvement over the second quarter of 2022, indicating the robust financial recovery and the operational scale of the commercial sector that drives the engine procurement and servicing.

Engine Type Segment Analysis

The narrow-body aircraft engines sub-segment commands the leading revenue share within engine types, serving as the workhorse of global aviation. This dominance is due to the high-volume production of aircraft such as the Airbus A320neo and Boeing 737 MAX families, which are powered almost exclusively by next-generation engines, such as the top players in the aircraft turbofan engine market. The demand is propelled by the growth of low-cost carriers and the need for efficient short-to-medium-haul connectivity worldwide. A pivotal statistic highlighting this trend is the continued order backlog and delivery focus. For example, the Federal Aviation Administration's aerospace forecast notes that the single-aisle aircraft are projected to make up a high proportion of the new commercial jet deliveries, solidifying the long-term primacy of this engine type.

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