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レポート概要
目次 1. 要旨 2. 市場ダイナミクス 2.1. 市場促進要因と機会 2.2. 市場の阻害要因と課題 2.3. 市場動向 2.4. コビッド19効果 2.5. サプライチェーン分析 2.6. 政策と規制の枠組み 2.7 …
“世界の航空機用エンジン市場（～2029年）：エンジン種類別（ターボファンエンジン、ターボジェットエンジン、ターボプロップエンジン、ターボシャフトエンジン、ピストンエンジン）、市場規模” の続きを読む
レポート目次目次
1. 要旨
2. 市場ダイナミクス
2.1. 市場促進要因と機会
2.2. 市場の阻害要因と課題
2.3. 市場動向
2.4. コビッド19効果
2.5. サプライチェーン分析
2.6. 政策と規制の枠組み
2.7. 業界専門家の見解
3. 調査方法
3.1. 二次調査
3.2. 一次データ収集
3.3. 市場形成と検証
3.4. 報告書作成、品質チェック、納品
4. 市場構造
4.1. 市場への配慮
4.2. 前提条件
4.3. 制限事項
4.4. 略語
4.5. 情報源
4.6. 定義
5. 経済・人口統計
6. 航空機用エンジンの世界市場展望
6.1. 市場規模（金額ベース
6.2. 地域別市場シェア
6.3. 市場規模および予測、エンジン種類別
6.4. 市場規模・予測：技術別
6.5. 市場規模・予測：エンドユーザー別
6.6. 市場規模および予測：民間航空機種類別
6.7. 市場規模および予測：軍用機種類別
6.8. 市場規模および予測：プラットフォーム別
6.9. 市場規模・予測：コンポーネント別
6.10. 米国の航空機用エンジン市場の展望
6.10.1. 金額別市場規模
6.10.2. エンジン種類別市場規模・予測
6.10.3. 技術別市場規模・予測
6.10.4. エンドユーザー別市場規模・予測
6.10.5. プラットフォーム別の市場規模・予測
6.11. ドイツの航空機用エンジン市場の展望
6.11.1. 金額別市場規模
6.11.2. エンジン種類別市場規模・予測
6.11.3. 技術別市場規模・予測
6.11.4. エンドユーザー別市場規模・予測
6.11.5. プラットフォーム別の市場規模・予測
6.12. イギリスの航空機用エンジン市場展望
6.12.1. 金額別市場規模
6.12.2. エンジン種類別市場規模・予測
6.12.3. 技術別市場規模・予測
6.12.4. エンドユーザー別市場規模・予測
6.12.5. プラットフォーム別の市場規模・予測
6.13. フランス航空機用エンジン市場の展望
6.13.1. 金額別市場規模
6.13.2. エンジン種類別市場規模・予測
6.13.3. 技術別の市場規模・予測
6.13.4. エンドユーザー別市場規模・予測
6.13.5. プラットフォーム別の市場規模・予測
6.14. 中国航空機用エンジン市場の展望
6.14.1. 金額別市場規模
6.14.2. エンジン種類別市場規模・予測
6.14.3. 技術別市場規模・予測
6.14.4. エンドユーザー別市場規模・予測
6.14.5. プラットフォーム別の市場規模・予測
6.15. 日本の航空機用エンジン市場の展望
6.15.1. 金額別市場規模
6.15.2. エンジン種類別市場規模・予測
6.15.3. 技術別市場規模・予測
6.15.4. エンドユーザー別市場規模・予測
6.15.5. プラットフォーム別の市場規模・予測
6.16. インド航空機用エンジン市場の展望
6.16.1. 金額別市場規模
6.16.2. エンジン種類別市場規模・予測
6.16.3. 技術別市場規模・予測
6.16.4. エンドユーザー別市場規模・予測
6.16.5. プラットフォーム別の市場規模・予測
7. その他の地域の航空機用エンジン市場の展望
7.1. 金額別市場規模
8. 競争環境
8.1. 競合ダッシュボード
8.2. 主要企業の事業戦略
8.3. 主要企業の市場シェアの洞察と分析、2022年
8.4. 主要プレーヤーの市場ポジショニングマトリックス
8.5. ポーターの5つの力
8.6. 会社概要
8.6.1. ゼネラル・エレクトリック社
8.6.1.1. 会社概要
8.6.1.2. 会社概要
8.6.1.3. 財務ハイライト
8.6.1.4. 地理的洞察
8.6.1.5. 事業セグメントと業績
8.6.1.6. 製品ポートフォリオ
8.6.1.7. 主要役員
8.6.1.8. 戦略的な動きと展開
8.6.2. Rolls-Royce Holdings plc
8.6.3. Safran S.A.
8.6.4. Honeywell International Inc
8.6.5. MTU Aero Engines AG
8.6.6. Pratt & Whitney
8.6.7. Williams Companies
8.6.8. Shenyang Aircraft Corporation
9. 戦略的提言
10. 付録
10.1. よくある質問
10.2. 注意事項
10.3. 関連レポート
11. 免責事項
図表一覧
図1：航空機用エンジンの世界市場規模（10億ドル）、地域別、2023年・2029年
図2: 市場魅力度指数, 地域別 2029年
図3：市場魅力度指数（セグメント別） 2029年
図4：航空機用エンジンの世界市場規模(金額ベース)(2018年、2023年、2029F)(単位：億米ドル)
図5：航空機用エンジンの世界市場地域別シェア（2023年）
図6：米国の航空機用エンジン市場規模：金額(2018年、2023年、2029F)（単位：億米ドル）
図7：ドイツの航空機用エンジン市場規模：金額(2018年、2023年、2029F)（単位：億米ドル）
図8：イギリスの航空機用エンジン市場規模：金額(2018年、2023年&2029F)（単位：億米ドル）
図9：フランス航空機用エンジン市場規模：金額(2018年、2023年&2029F)（単位：億米ドル）
図10：中国航空機用エンジン市場規模：金額(2018年、2023年&2029F)（単位：億米ドル）
図11：日本の航空機用エンジンの市場規模：金額（2018年、2023年、2029年）（単位：億米ドル）
図12：インドの航空機用エンジン市場規模：金額(2018年、2023年&2029F)（単位：億米ドル）
図13：世界の航空機用エンジン市場規模：金額（2018年、2023年、2029年）（単位：億米ドル）
図14：上位5社の競争ダッシュボード（2023年
図15：主要企業の市場シェア（2023年
図16：航空機用エンジンの世界市場におけるポーターの5つの力
表一覧
表1：航空機用エンジンの世界市場スナップショット（セグメント別）（2023年・2029年）（単位：億米ドル
表2：航空機用エンジン市場の影響要因（2023年
表3：上位10カ国の経済スナップショット（2022年
表4：その他の主要国の経済スナップショット（2022年
表5：外国通貨から米ドルへの平均為替レート
表6：航空機用エンジンの世界市場規模および予測（2018年～2029F）（種類別）（単位：億米ドル
表7：航空機用エンジンの世界市場規模・予測：技術別（2018～2029F）（単位：億米ドル）
表8：航空機用エンジンの世界市場規模・予測：エンドユーザー別（2018年～2029F）（単位：億米ドル）
表9：航空機用エンジンの世界市場規模・予測：民間航空機種類別（2018～2029F）（単位：億米ドル）
表10：航空機用エンジンの世界市場規模・予測：軍用航空タイプ別（2018～2029F）（単位：億米ドル）
表11：航空機用エンジンの世界市場規模・予測：プラットフォーム別（2018～2029F）（単位：億米ドル）
表12：航空機用エンジンの世界市場規模・予測：コンポーネント別（2018〜2029F）（単位：億米ドル）
表13：米国の航空機用エンジン市場規模・予測：エンジン種類別（2018年～2029F）（単位：億米ドル）
表14：米国の航空機用エンジン市場規模・予測：技術別（2018〜2029F）（単位：億米ドル）
表15：米国の航空機用エンジン市場規模・予測：エンドユーザー別（2018年～2029F） （単位：億米ドル）
表16：米国の航空機用エンジン市場規模・予測：プラットフォーム別（2018年～2029F）（単位：億米ドル）
表17：ドイツの航空機用エンジン市場規模・予測：エンジン種類別（2018〜2029F）（単位：億米ドル）
表18：ドイツの航空機用エンジン市場規模・予測：技術別（2018年～2029F） （単位：億米ドル）
表19：ドイツ航空機用エンジンの市場規模・予測：エンドユーザー別（2018年～2029F） （単位：億米ドル）
表20：ドイツ航空機用エンジン市場規模・予測：プラットフォーム別（2018年～2029F）（単位：億米ドル）
表21：イギリス航空機用エンジン市場規模・予測：エンジン種類別（2018〜2029F）（単位：億米ドル）
表22：イギリスの航空機用エンジン市場規模・予測：技術別（2018年～2029F）（単位：億米ドル）
表23：イギリスの航空機用エンジン市場規模・予測：エンドユーザー別（2018年～2029F） （単位：億米ドル）
表24：イギリスの航空機用エンジン市場規模・予測：プラットフォーム別（2018年～2029F）（単位：億米ドル）
表25： フランス航空機用エンジン市場規模・予測：エンジン種類別(2018〜2029F) (単位：億米ドル)
表26：フランス航空機用エンジン市場 フランス航空機用エンジン市場規模・予測：技術別（2018～2029F） （単位：億米ドル）
表27：フランス航空機用エンジン市場 フランス航空機用エンジンの市場規模・予測：エンドユーザー別 (2018〜2029F) (単位：億米ドル)
表28：フランスの航空機用エンジン市場 フランス航空機用エンジン市場規模・予測：プラットフォーム別 (2018〜2029F) (単位：億米ドル)
表29： 中国航空機用エンジン市場規模・予測：エンジン種類別（2018〜2029F） （単位：億米ドル）
表30： 中国航空機用エンジン市場規模・予測：技術別（2018〜2029F）（単位：億米ドル）
表31： 中国航空機用エンジン市場規模・予測：エンドユーザー別（2018〜2029F） （単位：億米ドル）
表32： 中国航空機用エンジン市場規模・予測：プラットフォーム別（2018〜2029F）（単位：億米ドル）
表33： 日本の航空機用エンジンの市場規模・予測：エンジン種類別（2018〜2029F） （単位：億米ドル）
表34： 日本の航空機用エンジン市場規模・予測：技術別（2018年～2029F）（単位：億米ドル）
表35： 日本の航空機用エンジンの市場規模・予測：エンドユーザー別（2018年～2029F） （単位：億米ドル）
表36：日本の航空機用エンジンの市場規模・予測 日本の航空機用エンジン市場規模・予測：プラットフォーム別（2018年～2029F）（単位：億米ドル）
表37： インド航空機用エンジン市場規模・予測：エンジン種類別（2018〜2029F） （単位：億米ドル）
表38：インド航空機用エンジン市場 インドの航空機用エンジン市場規模・予測：技術別（2018～2029F） （単位：億米ドル）
表39：インド航空機用エンジン市場 インド航空機用エンジンの市場規模・予測：エンドユーザー別（2018〜2029F） （単位：億米ドル）
表40： インド航空機用エンジン市場規模・予測：プラットフォーム別（2018〜2029F） （単位：億米ドル）
According to the research report, “Global Aircraft Engine Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 135 Billion by 2029, increasing from USD 91.46 Billion in 2023. The market is expected to grow with 6.88% CAGR by 2024-29. As economies grow and global connectivity becomes increasingly important, the demand for air travel continues to rise. More people are flying for both business and leisure purposes, leading to increased demand for new aircraft and, consequently, aircraft engines. Emerging markets, in particular, are witnessing a surge in air travel as more people enter the middle class. Many airlines are investing in the modernization of their fleets to improve operational efficiency, reduce fuel consumption, and enhance overall performance. Upgrading to newer, more fuel-efficient aircraft with advanced engines allows airlines to cut operating costs and meet stringent environmental regulations. The aerospace industry is continually pushing the boundaries of technology to develop more advanced and efficient aircraft engines. Innovations in materials, design, and manufacturing processes contribute to engines that are lighter, more powerful, and environmentally friendly. The integration of advanced materials, such as composites and alloys, enhances the efficiency and durability of engines. Stringent environmental regulations are driving the development of greener and more fuel-efficient aircraft engines. Governments and international organizations are imposing emission reduction targets on the aviation industry, pushing manufacturers to invest in technologies that minimize the environmental impact of air travel. This focus on sustainability is encouraging the adoption of electric and hybrid propulsion systems. Fuel efficiency is a critical factor in the aviation industry, both from an economic and environmental perspective. Aircraft engines with improved fuel efficiency help reduce operating costs for airlines and contribute to sustainability goals. Manufacturers are investing in research and development to create engines that offer better fuel burn rates and overall performance. The development of emerging technologies, such as unmanned aerial vehicles (UAVs) and electric aircraft, is creating new opportunities in the aircraft engine market. Electric propulsion systems are gaining attention for their potential to reduce emissions and operational costs. As these technologies mature, they are expected to play a more significant role in shaping the future of the aviation industry. The defense sector also contributes to the growth of the aircraft engine market, with increased defense budgets in various countries driving investments in military aviation. Advanced engines with features like thrust vectoring and enhanced durability are in demand for military applications. The aircraft engine industry often involves international collaborations and partnerships between manufacturers, suppliers, and research institutions. Shared expertise and resources contribute to the development of cutting-edge technologies and help meet the diverse needs of the global aviation market.
Market Drivers
• Rising Global Air Travel Demand: As economies grow, more people are entering the middle class, leading to an upsurge in air travel for both business and leisure. Airlines are expanding their fleets to accommodate this growing demand, resulting in a higher need for advanced and efficient aircraft engines. The rise in air travel demand stimulates aircraft manufacturers to produce more airplanes, subsequently driving demand for aircraft engines. This increased demand encourages innovation in engine technologies to meet the requirements of modern and fuel-efficient aircraft.
• Technological Advancements and Innovations: Ongoing technological advancements play a crucial role in propelling the aircraft engine market forward. Innovations in materials, design, and manufacturing processes contribute to the development of more powerful, fuel-efficient, and environmentally friendly engines. Manufacturers continually invest in research and development to gain a competitive edge by introducing cutting-edge technologies in their engines. The integration of advanced materials, such as lightweight composites and high-strength alloys, enhances the efficiency and performance of aircraft engines. Technological advancements also address environmental concerns, with a focus on reducing emissions and noise pollution. This constant pursuit of innovation attracts customers looking for state-of-the-art, reliable, and sustainable propulsion systems.
Market Challenges
• Stringent Environmental Regulations: Stringent environmental regulations pose a significant challenge for the aircraft engine market. Governments and international bodies are imposing strict emission standards and noise restrictions to address environmental concerns associated with aviation. Meeting these regulations requires significant investments in research and development to develop engines that are not only more fuel-efficient but also produce lower emissions and noise levels. Manufacturers face the challenge of balancing the need for increased efficiency with environmental sustainability. This challenge has led to the exploration of alternative fuels, hybrid-electric propulsion, and other eco-friendly technologies to comply with environmental standards and remain competitive in the market.
• Global Economic Uncertainties: The aircraft engine market is sensitive to global economic fluctuations. Economic uncertainties, geopolitical tensions, and factors like the COVID-19 pandemic can impact air travel demand and airline profitability. Such uncertainties can lead to delays or cancellations in aircraft orders, affecting the demand for new engines and placing financial pressures on manufacturers. Economic challenges can disrupt the long-term planning of both airlines and aircraft engine manufacturers. The unpredictability of the market can influence investment decisions, research budgets, and production schedules. Companies must navigate these uncertainties by adapting their strategies to the changing economic landscape.
Market Trends
• Transition to Electric and Hybrid Propulsion: As the aviation industry strives to reduce its environmental footprint, there is a growing interest in electric aircraft and hybrid solutions that combine traditional engines with electric motors. This trend is driven by advancements in battery technology and the pursuit of zero-emission flight. The development of electric and hybrid propulsion systems is reshaping the landscape of aircraft engines. While electric propulsion is currently more common in smaller aircraft, ongoing research aims to bring these technologies to larger commercial planes. This trend aligns with the industry's commitment to sustainable aviation and reducing greenhouse gas emissions.
• Adoption of Digital Technologies: The aircraft engine industry is witnessing a trend towards the adoption of digital technologies for improved efficiency and maintenance. The integration of data analytics, artificial intelligence, and predictive maintenance systems allows for real-time monitoring of engine performance. This shift towards "smart" engines enhances reliability, reduces downtime, and optimizes operational costs. The incorporation of digital technologies in aircraft engines is transforming traditional maintenance practices. Predictive analytics can anticipate potential issues, enabling proactive maintenance and minimizing unplanned downtime. This trend aligns with the broader industry movement towards digitization and Industry 4.0 principles.
Covid-19 Impacts
The most immediate and severe impact of the pandemic on the aircraft engine industry was the sharp decline in air travel demand. Lockdowns, travel restrictions, and concerns about the spread of the virus led to a global decrease in passenger flights. Airlines scaled back operations, parked or retired aircraft, and deferred maintenance, affecting the utilization and demand for new engines. Many airlines faced unprecedented financial challenges due to the decline in passenger traffic. This led to reduced budgets for capital expenditures, including the purchase of new aircraft and engines. Airlines that were struggling financially canceled or postponed orders for new planes, impacting aircraft engine manufacturers. The pandemic disrupted global supply chains, affecting the production and delivery of aircraft engines. Manufacturing facilities faced closures or reduced capacity due to lockdowns and health concerns. Delays in the supply chain impacted the ability of aircraft engine manufacturers to meet production schedules, resulting in postponed deliveries to both original equipment manufacturers (OEMs) and airlines. Airlines, in an effort to conserve cash, deferred non-essential maintenance activities, including engine overhauls. This decision aimed to extend the operational life of existing engines without incurring additional costs. While this helped airlines manage short-term financial challenges, it raised concerns about the long-term health and reliability of aircraft engines. The decline in air travel reduced the need for maintenance services on aircraft engines. MRO providers experienced a decrease in demand for engine repairs and overhauls as airlines reduced their fleets or parked aircraft. This downturn in MRO activity had financial implications for companies specializing in engine maintenance. Aircraft engine manufacturers that were in the midst of developing and certifying new engine programs faced challenges. The slowdown in aviation activities affected the testing, certification, and entry into service of new engines. Delays in these processes impacted the planned revenue streams for manufacturers.
The Turbofan Engine segment accounted for the largest share in 2023 and is expected to witness lucrative growth during the forecast period due to the growing demand for commercial jets.
Turbofan engines are known for their superior fuel efficiency compared to other types of aircraft engines, such as turbojets. The design of a turbofan engine includes a large bypass ratio, which means a significant portion of the incoming air bypasses the combustion process, contributing to improved fuel efficiency. This characteristic is crucial for airlines seeking to reduce operational costs, as fuel is a substantial expense in the aviation industry. Turbofan engines provide high thrust and power output, making them suitable for a wide range of aircraft sizes and mission profiles. They are capable of efficiently powering both smaller regional jets and larger wide-body airliners. The ability to generate substantial thrust allows for better takeoff performance, higher cruising speeds, and improved overall aircraft performance. Turbofan engines are designed to operate at lower noise levels compared to some other engine types, such as pure turbojets. This characteristic aligns with increasing regulatory and community expectations for quieter aircraft operations. Reduced noise pollution is especially critical for airports located in populated areas, and turbofan engines help address these concerns. The high fuel efficiency and thrust capabilities of turbofan engines contribute to the long-range capabilities of modern commercial aircraft. This is essential for airlines operating on international routes or across large distances. Turbofans enable airlines to offer non-stop flights over extended distances, providing passengers with greater convenience and reducing travel times. Turbofan engines offer versatility, making them suitable for various aircraft types and sizes. From small regional jets to large, long-haul airliners, turbofan engines are adaptable to different operational requirements. This flexibility allows aircraft manufacturers to utilize a standardized engine type across their product lines, streamlining production and maintenance.
The conventional engine segment is anticipated to hold the largest market share owing to the increasing adoption of the conventional engine in current commercial and military aircraft.
The conventional segment is expected to capture a significant market share over the forecast period. A conventional aircraft is also referred as aero engine. It is the major power component for the propulsion system of the aircraft. Majority of the aircraft engines are either piston aircraft engine or a gas turbine aircraft engine. Some of major types of aircraft engines are turboprop aircraft engine, turbofan aircraft engine, turboshaft aircraft engine and piston aircraft engine. The primary participants in the market for conventional aircraft engines are currently the key players in the market for aircraft engines. However, many new players are bringing in novel developments to provide aircraft engines that give operators more efficiency and are more dependable than the current aircraft engines in response to the growing demand for more functionality from atypical aircraft engines. In the vast majority of airplanes, the engines are either gas turbines or pistons. Turbofan, turboprop, turboshaft, and others are some of the common kinds of aircraft engines. These conventional aircraft engines are used in a broad range of aircraft, including military aircraft, helicopters, wide-body and narrow-body commercial aircraft, and UAVs. As a result, the demand for conventional aircraft engines will increase along with the demand for commercial and defense aircraft in the aviation sector.
The commercial segment is anticipated to be the largest and fastest-growing segment during the aircraft engine market forecast period attributed to increasing demand for the replacement of conventional engines with technologically advanced engines.
Commercial aviation caters to the growing global demand for air travel. As economies expand and more people join the middle class, the demand for passenger air transportation increases. Commercial airlines operate fleets of aircraft that require efficient and reliable engines to meet this rising demand for both domestic and international travel. Commercial airlines continuously invest in expanding and modernizing their fleets to enhance operational efficiency, reduce fuel consumption, and improve overall performance. Fleet expansion and modernization involve procuring new aircraft, and consequently, new aircraft engines. Airlines often seek the latest engine technologies to remain competitive and meet evolving environmental and regulatory standards. Commercial airlines are highly sensitive to operational costs, and fuel expenses represent a significant portion of their budgets. Aircraft engines, especially those with advanced fuel-efficient technologies like high-bypass turbofan engines, help airlines optimize fuel consumption and reduce operating costs. Fuel efficiency is a critical factor for commercial end users seeking to enhance profitability. Commercial airlines operating long-haul and wide-body aircraft require powerful and efficient engines. These aircraft are typically used for intercontinental flights, and their engines need to provide sufficient thrust and fuel efficiency for extended journeys. Turbofan engines, with their long-range capabilities and fuel efficiency, are particularly well-suited for these applications. Passenger satisfaction is a crucial consideration for commercial airlines. Modern aircraft engines contribute to a smoother and quieter flying experience, enhancing passenger comfort. Low-noise turbofan engines, in particular, align with the industry's efforts to improve the in-flight experience for passengers. Commercial airlines, as major stakeholders in the aviation industry, have significant market share and influence. Their purchasing decisions can shape the market, impacting which types of engines become standard across different aircraft models.
The preferences of commercial end users can drive trends in engine technology and contribute to the dominance of certain engine types. The demand for narrow-body aircraft is expected to recover faster than for wide-body aircraft as domestic demand is expected to return to pre-pandemic levels earlier than the international passenger demand. Also, the return of the Boeing 737 MAX into service in 2021 has been boosting the demand for narrow-body aircraft. On the other hand, Helicopters are highly versatile and adaptable to a wide range of missions, making them suitable for various military applications. They can perform roles such as troop transport, medical evacuation, search and rescue, reconnaissance, anti-submarine warfare, anti-surface warfare, and close air support. This versatility allows military forces to use helicopters across different operational scenarios, providing flexibility in mission planning. One of the distinctive features of helicopters is their ability to perform vertical takeoff and landing (VTOL). This capability enables helicopters to operate in confined spaces, land in unprepared areas, and hover at low altitudes, making them suitable for missions in challenging and dynamic environments, such as urban warfare or mountainous terrain. Helicopters possess exceptional maneuverability and agility. Their ability to hover, perform rapid changes in direction, and land in tight spaces provides a tactical advantage in various military scenarios. This agility is particularly valuable in combat situations where quick and precise movements are critical. Many military helicopters are equipped with specialized sensors, sonar systems, and weapons for anti-submarine warfare (ASW) and anti-surface warfare (ASuW). These helicopters can detect and engage submarines or surface vessels, providing naval forces with an important asset for maritime security.
The fixed-wing segment accounted for the largest market share in 2023 and is projected to grow at a significant CAGR during the forecast period.
Fixed-wing aircraft are generally more efficient and faster than their rotary-wing counterparts, such as helicopters. Their design allows for higher cruising speeds and longer ranges, making them well-suited for applications that require rapid transportation over large distances. This efficiency is particularly valuable in commercial aviation, where airlines prioritize time-sensitive travel. Fixed-wing aircraft are designed for sustained and long-distance flight. This capability is crucial for various applications, including commercial air travel, cargo transport, military reconnaissance, and surveillance. The long-range capabilities of fixed-wing aircraft contribute to their widespread use in both civilian and military sectors. Fixed-wing aircraft generally have higher payload capacities compared to helicopters. This makes them suitable for transporting large numbers of passengers, substantial cargo, or specialized equipment. The ability to carry significant loads is essential for applications such as commercial airliners, cargo transport, and military logistics. Fixed-wing aircraft offer stability during flight and can operate at higher altitudes than helicopters. This stability is advantageous for various purposes, including aerial surveying, reconnaissance, and surveillance. Fixed-wing aircraft are often preferred for missions that require consistent altitude and endurance. The fixed-wing segment includes a diverse range of aircraft types, each designed for specific applications. This diversity allows fixed-wing aircraft to serve various markets, including commercial aviation, military operations, cargo transport, surveillance, air ambulances, and firefighting. The adaptability of fixed-wing aircraft contributes to their large market share.
Based on the component, the combustion chamber is a crucial component of an aircraft engine as it is part of a larger and interconnected system.
The combustion chamber is where the fuel-air mixture is ignited, resulting in the high-temperature, high-pressure gases that drive the turbine. This process is fundamental to power generation in the engine. The combustion chamber's efficiency directly influences the overall performance and power output of the engine. The efficiency of the combustion process has a direct impact on the fuel efficiency of the engine. Modern aircraft engines strive for optimal fuel combustion to maximize the energy extracted from the fuel and reduce fuel consumption. Advancements in combustion chamber design contribute to increased fuel efficiency, a critical factor in the aviation industry. The combustion process also determines the level of emissions produced by the engine. Aircraft engines need to comply with strict environmental regulations regarding emissions of pollutants, including nitrogen oxides (NOx) and particulate matter. The design of the combustion chamber plays a crucial role in minimizing these emissions, aligning with global efforts for cleaner and more sustainable aviation. The combustion chamber contributes significantly to the overall thermal efficiency of the engine. Modern aircraft engines aim to achieve high thermal efficiency, converting a greater portion of the fuel's energy into useful work. This is critical for both economic and environmental reasons, as higher thermal efficiency translates to reduced fuel consumption and lower greenhouse gas emissions. The design of the combustion chamber is adaptable to different types of aircraft engines, such as turbojets, turbofans, and turboprops. Each engine type has specific requirements for combustion efficiency, temperature management, and emissions control. The versatility of combustion chamber design allows it to meet the varied needs of different engine configurations. Ongoing research and development in the field of aviation propulsion often focus on combustion technology. Innovations in combustion chamber design, fuel injection systems, and combustion control systems are areas of active exploration. These innovations contribute to advancements in engine performance, efficiency, and environmental sustainability.
North America is expected to have the largest share in the global market for aircraft engine attributed to the presence of vast aviation sector and key global players, such as GE Aviation and Honeywell International Inc., in the United States.
The increasing technological advancements and the growing investments by the aircraft engine manufacturers to produce light weight compact engines with enhanced fuel efficiency are expected to propel the industry further. In North America, the rise in manufacturing industries and growing aerospace and defense aviation industry is encouraging manufacturers of aircraft engine to introduce technologically advanced and efficient products across various aircraft type. The increasing demand for aircraft engine and the presence of some of the leading players operating in the market, such as General Electric Company, Honeywell International Inc., Collins Aerospace, and Textron Inc. are expected to drive the aircraft engine market in North America. These players are focusing on R&D to increase their product lines and using technologically advanced systems, subsystems, and other components for manufacturing Aircraft engine. Additionally, the US government is investing in the performance and efficiency of helicopters and their engines, which is anticipated to support market expansion. Additionally, it is anticipated that the market in North America would be driven by increased defense investments in the purchase of fighter jets, military helicopters, single-engine aircraft, and emergency medical services helicopters.
The aircraft engine market is highly consolidated, with a few players dominating the market in the commercial and military aircraft segments. Some of the prominent aircraft engine market players are General Electric Company (through GE Aviation), Raytheon Technologies Corporation (through Pratt & Whitney), Rolls-Royce Holding PLC, Safran SA, and MTU Aero Engines AG. The aforementioned players, along with their joint ventures such as CFM International (GE Aviation and Safran), International Aero Engines (Pratt & Whitney, Japanese Aero Engine Corporation, and MTU Aero Engines), and Engine Alliance (General Electric and Pratt & Whitney), provide engines for major commercial and military aircraft programs. Despite the decrease in commercial aircraft engine deliveries in 2020 and 2021 consecutively, the remaining performance obligation (RPO) of aircraft engine manufacturers is witnessing an increase due to the increasing aircraft backlog of aircraft OEMs. Also, engine manufacturers are partnering with aircraft manufacturers to develop sustainable aircraft engine solutions that have low weight and reduced engine emissions. In addition to this, due to increasing demand for local manufacturing, regional players are partnering with international players. For instance, as of March 2022, India's Defence Research and Development Organization (DRDO) was in talks with Safran for joint development of a 125KN engine for the indigenous fifth-generation Advanced Medium Combat Aircraft (AMCA) (currently under development with the first flight planned for 2024). Such developments are anticipated to help the companies increase their geographical presence over the coming years.
• In February 2022, Safran Helicopter Engines signed a Memorandum of Understanding (MoU) with ST Engineering to conduct a study on the use of Sustainable Aviation Fuel (SAF) in helicopter engines. The study aims to assist helicopter operators in switching from conventional fossil fuels to SAF.
• In February 2022, Embraer, Widerøe, and Rolls-Royce entered into a research partnership agreement to conduct a 12-month study and research innovative sustainable technologies for regional planes, focusing on developing a conceptual zero-emissions aircraft.
• In January 2022, Qatar Airways placed an order for GE9X engines as part of its global launch order of up to 50 Boeing 777-8 Freighters. GE Aviation received a commitment from the airline for 30 GE9X engines and four GE90-115B engines for Boeing 777-8 aircraft (34 aircraft firm order with an additional 16 purchase right options).
• In November 2022, with the first flight of a modern aero engine powered by hydrogen, Rolls-Royce and easyJet officially announced they had achieved a new aviation milestone. The ground test was performed using green hydrogen produced by wind and tidal power on a prototype demonstrator. It is a crucial proof point in both Rolls-Royce and easyJet's decarbonization strategies and represents a significant move towards demonstrating that hydrogen could be a zero-carbon aviation fuel in the future.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029
Aspects covered in this report
• Aircraft Engine market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
By Engine Type
• Turbofan Engine
• Turbojet Engine
• Turboprop Engine
• Turbo-shaft Engine
• Piston Engine
By Technology
• Conventional Engine
• Electric/Hybrid Engine
By End User
• Commercial Aviation
• Military Aviation
• General Aviation
By Commercial Aviation Type
• Narrow Body
• Wide Body
• Business Jet
• Helicopter
By Military Aviation Type
• Fighter Aircraft
• Transport Aircraft
• Military Helicopter
By Platform
• Fixed Wing Aircraft
• Rotary Wing Aircraft
• Unmanned Arial Vehicles (UAV)
By Component
• Fan Blades
• Compressor
• Gas Turbine
• Gear Box
• Combustion Chamber
• Fuel System
• Others
The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.
Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Aircraft Engine industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
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