How big is the Commercial Aircraft Engines Market?

The Commercial Aircraft Engines Market size is expected to reach USD 61.82 billion in 2024 and grow at a CAGR of 13.02% to reach USD 113.99 billion by 2029. Read More

What is the current Commercial Aircraft Engines Market size?

In 2024, the Commercial Aircraft Engines Market size is expected to reach USD 61.82 billion. Read More

Who are the key players in Commercial Aircraft Engines Market?

The General Electric Company, Safran SA, Honeywell International Inc., Pratt & Whitney (RTX Corporation) and Rolls-Royce plc are the major companies operating in the Commercial Aircraft Engines Market. Read More

Which is the fastest growing region in Commercial Aircraft Engines Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Commercial Aircraft Engines Market?

In 2024, the North America accounts for the largest market share in Commercial Aircraft Engines Market. Read More

What years does this Commercial Aircraft Engines Market cover, and what was the market size in 2023?

In 2023, the Commercial Aircraft Engines Market size was estimated at USD 53.77 billion. The report covers the Commercial Aircraft Engines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Aircraft Engines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Commercial Aircraft Engine Market

Commercial Aircraft Engine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Commercial Aircraft Engines Manufacturers and the market is Segmented by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Regional Aircraft), and by Engine Type (Turbofan and Turboprop) and by Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Commercial Aircraft Engines Industry Overview

The commercial aircraft engines market is consolidated, with major players, such as The General Electric Company, Safran SA, Pratt & Whitney (RTX Corporation), Rolls-Royce PLC, and Honeywell International Inc., dominating the market. The commercial aircraft engine market is witnessing collaborations and joint development programs for creating new technologies for lighter and fuel-efficient aircraft. Global commercial aircraft engine manufacturers are also investing in the manufacturing ecosystems in regions such as Asia-Pacific, owing to the availability of low-cost labor and the growing aviation industry. The main revenue generation strategy of market players is winning contracts and orders from aircraft manufacturers for engines and engine MRO services.