Global Aerospace Engine and Engine Parts
Market Report
2025
The Global Aerospace Engine and Engine Parts Market size was USD 847.9 million in 2022 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Aerospace engine and engine parts market size was USD 847.9 million in 2022 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Aerospace Engine and Engine Parts Market Sales Revenue | 121212 | 121212 | 121212 | 5.1% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by End-user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Report scope is customizable as we have a huge database of Aerospace Engine and Engine Parts industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Aerospace Engine and Engine Parts Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Aerospace Engine and Engine Parts Market are growing due to the increasing global air travel demand, leading to higher aircraft production and fleet expansion. Technological advancements in engine efficiency, fuel economy, and reduced emissions drive replacements and upgrades. Moreover, rising military expenditure, space exploration activities, and demand for unmanned aerial vehicles contribute to the market's growth.
The surging demand for commercial aircraft is a key fuel for the Aerospace Engine and Engine Parts Market. As air travel continues to grow, airlines expand their fleets, creating a heightened need for advanced engines and components. This trend has prompted manufacturers to invest in innovative technologies and higher production capacities to meet the rising requirements.
Consequently, the Aerospace Engine and Engine Parts Market is witnessing robust growth, driven by engines' vital role in enhancing aircraft performance, fuel efficiency, and overall reliability in the dynamic aviation landscape.
The Aerospace Engine and Engine Parts Market faces challenges due to limited regulatory infrastructure. Rapid technological advancements in aviation necessitate robust regulations to ensure safety, quality, and environmental compliance. However, the absence of comprehensive and harmonized standards globally can lead to inconsistencies in certification processes, delaying new engine and component introductions. This regulatory uncertainty hampers innovation and investment, hindering market growth. Establishing a more streamlined and internationally coordinated regulatory framework is crucial to address these challenges, enabling the aerospace engine and engine parts market to navigate evolving technologies and meet industry demands effectively.
Opportunity for aerospace engine and engine parts market
The increasing use of robots and robotics systems for automation of the aerospace industry presents valuable growth opportunity for the aerospace engine and engine parts market. The innovative development of the robotics systems for manufacturing, assembly and inspection in the aerospace engine and engine parts industry is changing the entire dynamics of the market. The integration of robotic systems in the aerospace engine and engine parts industry is making it more effective, efficient and increasing the operation efficiency of the overall process. The automation and use of robotics makes it convenient to repair or maintain complex engine parts. The complexity of the aerospace engines and engines parts in constantly increasing and require detail attention and the parts need to be manufactured efficiently to meet the increasing demand in the market. The robots are excelling in machining, manipulation and inspection all of which are crucial and time consuming tasks. The efficiency of these tasks is very crucial from safety point of view. This integration of technology and advance robotic systems increasing the operational efficiency and fastens the process of inspection.
The COVID-19 pandemic significantly impacted the Aerospace Engine and Engine Parts Market. Travel restrictions, reduced passenger demand, and grounded fleets led to decreased aircraft production and maintenance activities. Supply chain disruptions affected parts availability. While cargo transport demand partially offset losses, the industry faced financial challenges. Recovery efforts include cost-cutting measures, deferred orders, and technology investments to enhance operational resilience and adapt to changing market dynamics.
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Competition drives engine manufacturers to continually innovate, focusing on enhanced fuel efficiency, reduced emissions, and improved performance. Advancements in materials, aerodynamics, and digital technologies play a crucial role in gaining a competitive edge. With the aviation industry's growing emphasis on reducing its environmental footprint, companies are investing in more sustainable propulsion solutions. Electric and hybrid-electric propulsion systems are gaining traction, with players like Rolls-Royce and Safran actively working on electric propulsion technologies. Collaboration among engine manufacturers and suppliers is common. Joint ventures like CFM International and strategic alliances enable the pooling of resources, expertise, and investment, contributing to improved product development and market presence. Aircraft manufacturers and engine suppliers collaborate closely to achieve optimal aircraft-engine integration. This synergy enhances overall aircraft efficiency, performance, and operational economics.
Top Companies Market Share in Aerospace Engine and Engine Parts Industry: (In no particular order of Rank)
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Due to several key factors, North America has captured the largest market share in the Aerospace Engine and Engine Parts Market. The region is home to some of the world's most prominent aerospace manufacturers, including Boeing and Pratt & Whitney, and boasts a robust aviation industry ecosystem. North America's well-established research and development capabilities, advanced engineering expertise, and access to cutting-edge technologies contribute to its dominance. The region's extensive commercial and military aircraft fleet, coupled with the continuous demand for upgrades and replacements, drives the requirement for engines and engine parts. Moreover, numerous airlines, defense organizations, and aerospace suppliers in North America fuel the demand for these components. Furthermore, supportive regulatory frameworks and substantial government investments in defense and aerospace contribute to the region's market leadership. The combination of technological innovation, a strong manufacturing base, and a high demand for air travel solidifies North America's position as a major contributor to the Aerospace Engine and Engine Parts Market.
Due to several factors, Asia Pacific is experiencing the fastest compound annual growth rate (CAGR) in the Aerospace Engine and Engine Parts Market. The region's burgeoning middle class and urbanization are driving increased air travel demand, leading to the expansion and modernization of commercial airline fleets. Rising defense budgets in countries like China and India also contribute to the demand for military aircraft and engines. Robust economic growth, increasing urbanization, and infrastructure development initiatives further fuel aerospace industry growth in the region. As a result, Asia Pacific's rapid market expansion is underpinned by these demographic, economic, and geopolitical factors, propelling it to the forefront of the global Aerospace Engine and Engine Parts Market.
The current report Scope analyzes Aerospace Engine and Engine Parts Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Aerospace Engine and Engine Parts Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aerospace Engine and Engine Parts Industry growth. Aerospace Engine and Engine Parts market has been segmented with the help of its Product Type, End-user , and others. Aerospace Engine and Engine Parts market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Due to their pivotal role in aircraft propulsion and performance, engines have secured the largest market share in the Aerospace Engine and Engine Parts Market. As air travel demand rises, airlines invest significantly in modernizing and expanding their fleets. This leads to substantial demand for advanced, efficient, and reliable engines that comply with stringent emission regulations. The ongoing pursuit of enhanced fuel efficiency, reduced emissions, and improved operational reliability further drives the dominance of engine products in the market.
Cabin interiors have secured the second largest market share in the Aerospace Engine and Engine Parts Market owing to their substantial impact on passenger experience and airline branding. Airlines seek to offer comfortable, technologically advanced, and aesthetically pleasing cabin environments to attract and retain customers. This drives investments in innovative seating, entertainment systems, lighting, and interior design. As travelers' expectations evolve, the focus on enhancing in-flight comfort and amenities continues to propel the demand for high-quality cabin interior components.
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Commercial aircraft have dominated the Aerospace Engine and Engine Parts Market, primarily due to the steady growth in global air travel. Increasing passenger demand drives airlines to expand and modernize their fleets, creating substantial requirements for engines and related components. Moreover, advancements in engine technology continually enhance fuel efficiency, operational reliability, and environmental compliance. This ongoing pursuit of more efficient and reliable air travel solutions solidifies the prominence of commercial aircraft in driving the demand for aerospace engines and engine parts.
Military aircraft have secured the second-largest market share in the aerospace engine and engine parts market due to defense sector investments and geopolitical considerations. Modern military operations require advanced aircraft with cutting-edge engines to ensure tactical superiority, surveillance, and security. Governments worldwide prioritize defense spending, resulting in sustained demand for high-performance engines and components. Technological advancements in military aviation and the need for operational readiness contribute to the significant market share held by military aircraft in the aerospace engine and parts industry.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
The Global Aerospace Engine and Engine Parts Market is witnessing significant growth in the near future.
In 2023, the Engines segment accounted for noticeable share of global Aerospace Engine and Engine Parts Market and is projected to experience significant growth in the near future.
The Commercial Aircraft segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies General Electric , Pratt & Whitney and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Engines, Cabin Interiors, Aerostructure, Equipment, System, and Support, Avionics, Insulation Components |
End-user | Commercial Aircraft, Business Aircraft, Military Aircraft, Others |
List of Competitors | General Electric, Rolls-Royce, Pratt & Whitney, Safran Aircraft Engines, Honeywell Aerospace, CFM International, MTU Aero Engines, United Technologies Aerospace Systems, Aerojet Rocketdyne, Leonardo SpA, Avio Aero, Kawasaki Heavy Industries Aerospace Company, NPO Saturn, IHI Corporation, GKN Aerospace, Snecma, Mitsubishi Heavy Industries Aero Engines, Aviall, Engine Alliance, Williams International |
This chapter will help you gain GLOBAL Market Analysis of Aerospace Engine and Engine Parts. Further deep in this chapter, you will be able to review Global Aerospace Engine and Engine Parts Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Aerospace Engine and Engine Parts. Further deep in this chapter, you will be able to review North America Aerospace Engine and Engine Parts Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Aerospace Engine and Engine Parts. Further deep in this chapter, you will be able to review Europe Aerospace Engine and Engine Parts Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Aerospace Engine and Engine Parts. Further deep in this chapter, you will be able to review Asia Pacific Aerospace Engine and Engine Parts Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Aerospace Engine and Engine Parts. Further deep in this chapter, you will be able to review South America Aerospace Engine and Engine Parts Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Aerospace Engine and Engine Parts. Further deep in this chapter, you will be able to review Middle East Aerospace Engine and Engine Parts Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Aerospace Engine and Engine Parts. Further deep in this chapter, you will be able to review Middle East Aerospace Engine and Engine Parts Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Aerospace Engine and Engine Parts. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-user Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aerospace Engine and Engine Parts market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Engines have a significant impact on Aerospace Engine and Engine Parts market? |
What are the key factors affecting the Engines and Cabin Interiors of Aerospace Engine and Engine Parts Market? |
What is the CAGR/Growth Rate of Commercial Aircraft during the forecast period? |
By type, which segment accounted for largest share of the global Aerospace Engine and Engine Parts Market? |
Which region is expected to dominate the global Aerospace Engine and Engine Parts Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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