Aircraft Engines Market

By Engine Type;

Turbofan, Turboprop, Turboshaft, Piston and Hybrid-Electric

By Aircraft Type;

Commercial Aviation-[Narrow-Body Aircraft, Wide-Body Aircraft and Regional Aircraft], Military Aviation-[Combat Aircraft and Non-Combat Aircraft], and General Aviation-[Business Jets, Helicopters, Turboprop Aircraft, Piston-Engine Aircraft, Unmanned Aerial Vehicles (UAVs) and Advanced Air-Mobility Vehicles (AAM)]

By Technology;

Conventional Turbofan & Turboprop, Geared Turbofan (GTF), Contra-Rotating Open Rotor, Adaptive-Cycle Engines and Hybrid-Electric Propulsion

By Thrust Class;

Less Than 10,000 lbf, 10,001 to 25,000 lbf, 25,001 to 50,000 lbf and Greater Than 50,000 lbf

By Component;

Compressor, Turbine, Nozzle, Gearbox and Others

By End-User;

OEM Factory-Fit and Replacement & Aftermarket

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn592524067 Published Date: September, 2025 Updated Date: November, 2025

Aircraft Engines Market Overview

Aircraft Engines Market (USD Million)

Aircraft Engines Market was valued at USD 61,617.88 million in the year 2024. The size of this market is expected to increase to USD 127,124.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.9%.


Aircraft Engines Market

*Market size in USD million

CAGR 10.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.9 %
Market Size (2024)USD 61,617.88 Million
Market Size (2031)USD 127,124.01 Million
Market ConcentrationLow
Report Pages353
61,617.88
2024
127,124.01
2031

Major Players

  • General Electric Company
  • Rolls-Royce Holdings plc
  • Pratt & Whitney (United Technologies Corporation)
  • CFM International (Safran Aircraft Engines & GE Aviation)
  • Honeywell International Inc.
  • MTU Aero Engines AG
  • International Aero Engines AG
  • Engine Alliance (Pratt & Whitney & GE Aviation)
  • Safran Aircraft Engines
  • United Technologies Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Aircraft Engines Market

Fragmented - Highly competitive market without dominant players


The Aircraft Engines Market is experiencing steady growth as aviation focuses on performance, sustainability, and reliability. Over 55% of aircraft efficiency is directly influenced by engine technologies, making them a cornerstone of modern aviation. Adoption has increased by nearly 40% as operators invest in advanced propulsion solutions.

Ensuring Safety and Reliability
Aircraft engines are critical for safe operations, with almost 50% of improvements in performance tied to engine innovation. They deliver thrust, optimize fuel usage, and sustain stability across various flight phases. Their contribution to system reliability reinforces their role as a central element of aviation engineering.

Technological Innovations in Engine Design
The aircraft engine industry is evolving with the integration of composites, thermal coatings, and digital monitoring. More than 45% of new systems now adopt these technologies to enhance performance and reduce weight. Nearly 35% of engines also feature AI-driven analytics and predictive controls, boosting efficiency and minimizing maintenance downtime.

Adoption Across Passenger and Cargo Fleets
Advanced propulsion systems are widely adopted in commercial and cargo aircraft, with close to 60% of fleets incorporating upgraded engines. Their role in lowering emissions, improving fuel efficiency, and ensuring consistent performance makes them vital for modern aviation. Their versatility underlines their impact across diverse fleet types.

Future Growth Through Next-Generation Systems
The aircraft engines market is projected to expand, with nearly 65% of new programs expected to feature next-generation propulsion designs. Emphasis on lightweight construction, digital integration, and fuel-efficient technologies will shape future growth. Continued innovation ensures the market’s steady expansion in the aviation sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Engine Type
    2. Market Snapshot, By Aircraft Type
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Thrust Class
    5. Market Snapshot, By Component
    6. Market Snapshot, By End-User
    7. Market Snapshot, By Region
  4. Aircraft Engines Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Air Traffic
        2. Growing Demand for Fuel-efficient Engines
        3. Expansion of the Commercial Aviation Sector
      2. Restraints
        1. Stringent Regulatory Standards
        2. High Initial Investment Costs
        3. Maintenance and Overhaul Challenges
      3. Opportunities
        1. Rising Demand for Replacement Engines
        2. Adoption of Advanced Materials and Technologies
        3. Expansion in Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Aircraft Engines Market, By Engine Type, 2021 - 2031 (USD Million)
      1. Turbofan
      2. Turboprop
      3. Turboshaft
      4. Piston
      5. Hybrid-Electric
    2. Aircraft Engines Market, By Aircraft Type, 2021 - 2031 (USD Million)
      1. Commercial Aviation
        1. Narrow-Body Aircraft
        2. Wide-Body Aircraft
        3. Regional Aircraft
      2. Military Aviation
        1. Combat Aircraft
        2. Non-Combat Aircraft
      3. General Aviation
        1. Business Jets
        2. Helicopters
        3. Turboprop Aircraft
        4. Piston-Engine Aircraft
        5. Unmanned Aerial Vehicles (UAVs)
        6. Advanced Air-Mobility Vehicles (AAM)
    3. Aircraft Engines Market, By Technology, 2021 - 2031 (USD Million)
      1. Conventional Turbofan & Turboprop
      2. Geared Turbofan (GTF)
      3. Contra-Rotating Open Rotor
      4. Adaptive-Cycle Engines
      5. Hybrid-Electric Propulsion
    4. Aircraft Engines Market, By Thrust Class, 2021 - 2031 (USD Million)
      1. Less Than 10,000 lbf
      2. 10,001 to 25,000 lbf
      3. 25,001 to 50,000 lbf
      4. Greater Than 50,000 lbf
    5. Aircraft Engines Market, By Component, 2021 - 2031 (USD Million)
      1. Compressor
      2. Turbine
      3. Nozzle
      4. Gearbox
      5. Others
    6. Aircraft Engines Market, By End-User, 2021 - 2031 (USD Million)
      1. OEM Factory-Fit
      2. Replacement & Aftermarket
    7. Aircraft Engines Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. CFM International
      2. Pratt & Whitney
      3. General Electric
      4. Rolls-Royce
      5. Safran
      6. MTU Aero Engines
      7. Honeywell International
      8. Mitsubishi Heavy Industries
      9. Textron
      10. Raytheon Technologies
      11. IHI Corporation
      12. Lycoming Engines
      13. Rotax GmbH & Co KG
      14. Continental Aerospace Technologies
      15. ZeroAvia
  7. Analyst Views
  8. Future Outlook of the Market