Global Aircraft Engine Market Size & Outlook, 2023-2030
The aircraft engine industry worldwide is expected to reach a projected revenue of US$ 112,096.8 million by 2030. A compound annual growth rate of 10.3% is expected of the worldwide aircraft engine industry from 2024 to 2030.
Revenue, 2023 (US$M)
$56,278.5
Forecast, 2030 (US$M)
$112,096.8
CAGR, 2024 - 2030
10.3%
Report Coverage
Worldwide
Global aircraft engine market, 2018-2030 (US$M)
Global aircraft engine market highlights
- The global aircraft engine market generated a revenue of USD 56,278.5 million in 2023 and is expected to reach USD 112,096.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.3% by 2030.
- In terms of segment, turboprop accounted for a revenue of USD 56,278.5 million in 2023.
- Turboprop is the most lucrative engine segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 56,278.5 million |
| Market revenue in 2030 | USD 112,096.8 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Turboprop |
| Fastest growing segment | Turboprop |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Turboprop |
Other key industry trends
- In terms of revenue, the North America accounted for 35.0% of the global aircraft engine market in 2023.
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Aircraft Engine Market Scope
Aircraft engine market segmentation & scope
Aircraft
Commercial Aircraft
Military Aircraft
Business and General Aviation Aircraft
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Australia
India
Japan
Thailand
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Aircraft Engine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aircraft engine market size, by regions, 2018-2030 (US$M)
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