Aircraft Turbofan Engine Market Share

On the basis of regional analysis, the aircraft turbofan engine market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for aircraft turbofan engine in 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 in coming years. The market in Asia Pacific region is projected to be fastest growing owing to the rising demand for turbofan engines in emerging economies such as India, China and Japan. Further, robust economic growth, rising population along with the improvement in household incomes will drive the growth of the market over the forecast period.