Asia Pacific Aircraft Engine Market Size & Outlook
The aircraft engine market in Asia Pacific is expected to reach a projected revenue of US$ 34,256.8 million by 2030. A compound annual growth rate of 13.4% is expected of Asia Pacific aircraft engine market from 2024 to 2030.
Revenue, 2023 (US$M)
$14,224.4
Forecast, 2030 (US$M)
$34,256.8
CAGR, 2024 - 2030
13.4%
Report Coverage
Asia Pacific
Asia Pacific aircraft engine market, 2018-2030 (US$M)
Asia Pacific aircraft engine market highlights
- The Asia Pacific aircraft engine market generated a revenue of USD 14,224.4 million in 2023.
- The market is expected to grow at a CAGR of 13.4% from 2024 to 2030.
- In terms of segment, turboprop was the largest revenue generating engine in 2023.
- Turboprop is the most lucrative engine segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 14,224.4 million |
| Market revenue in 2030 | USD 34,256.8 million |
| Growth rate | 13.4% (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, Asia Pacific region accounted for 25.3% of the global aircraft engine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,256.8 million by 2030.
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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 |
|---|
Asia Pacific aircraft engine market
Related regional statistics
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