Home > Aerospace & Defense > Aircraft Parts > Aircraft Engine Market

Aircraft Engine Market Share

Report ID: GMI12393
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Aircraft Engine Market Share

Global Industrial Heat Exchangers Market Share Analysis, 2024

The market is a fiercely competitive arena where industry giants like Rolls-Royce, Pratt & Whitney (RTX), MTU Aero Engines, and IHI are locked in a constant battle for supremacy. These companies are pushing the boundaries of innovation, forging strategic partnerships, and investing heavily in new technologies to stay ahead. The competition is particularly intense in developing fuel-efficient and eco-friendly engines, as manufacturers respond to stricter regulations and growing demand for greener aviation.

Beyond sustainability, these firms are also vying to outdo each other in areas such as advanced materials, engine performance, and aftermarket services. To maintain their edge, they're increasingly turning to strategic collaborations and pouring resources into next-generation technologies like hybrid-electric propulsion systems, which are set to shape the future of aviation.

Aircraft Engine Market Companies

Major players operating in the aircraft engine industry are:

CFM International
Engine Alliance
Enjet Aero
General Electric
IHI
ITP Aero
Mitsubishi Heavy Industries Aero Engines
MTU Aero Engines
Pratt & Whitney (RTX)
Rolls-Royce
Safran
Textron

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global aircraft engine industry was valued at USD 81.2 billion in 2024 and is estimated to grow at a CAGR of 8.7% from 2025 to 2034, driven by the modernization of defense aircraft.

The turboshaft segment is expected to grow at a CAGR of over 8.5% by 2034 due to its high power-to-weight ratio and reliability, making it ideal for helicopters and UAVs in both commercial and military applications.

North America dominated the aircraft engine market and is expected to reach a value of over USD 80.2 billion by 2034, driven by military modernization efforts and the upgrading of fleets with advanced fighter jets and unmanned systems.

Key players in the industry include CFM International, Engine Alliance, Enjet Aero, General Electric, IHI, ITP Aero, Mitsubishi Heavy Industries Aero Engines, MTU Aero Engines, Pratt & Whitney (RTX), and Rolls-Royce.