Home > Aerospace & Defense > Aircraft Parts > Aircraft Propulsion System Market

Aircraft Propulsion System Market Share

Report ID: GMI7024
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Aircraft Propulsion System Market Share

Players operating in the aircraft propulsion system industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some major players operating in the aircraft propulsion system industry are mentioned below:

3W International GmbH
Bombardier Recreational Products Inc.
Busek Co. Inc.
General Electric Company
Honeywell International Inc.
NPO Energomash
Rolls-Royce Holdings plc.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for aircraft propulsion system exceeded USD 250.7 million in 2022 and is anticipated to witness over 10.4% CAGR between 2023 and 2032 due to the rising trend of electrification and international environmental goals for drastically lowering greenhouse gas emissions

Non-air breathing aircraft propulsion system industry size is set to witness over 10% CAGR from 2023-2032 driven by the ongoing advancements in battery technology, electric motor efficiency, and the development of advanced materials

North America garnered more than 30% revenue share of the aircraft propulsion system market in 2022 owing to the presence of major aviation manufacturers, including Boeing and Airbus

3W International GmbH, Bombardier Recreational Products Inc., Busek Co. Inc., General Electric Company, Honeywell International Inc., NPO Energomash, and Rolls-Royce Holdings plc. are some of the prominent aircraft propulsion system firms