Aircraft Turbocharger Market Size, Share & Trends Analysis Report By Platform (Commercial Aircraft, Military Aircraft), By Type (Variable Geometry Turbochargers, Intercooled Turbochargers), By Component, By End-use, By Region, And Segment Forecasts, 2024 - 2030
Aircraft Turbocharger Market Size & Trends
The global aircraft turbocharger market size was estimated at USD 363.1 million in 2023 and is expected to grow at a CAGR of 6.04% from 2024 to 2030. The rising demand for new aircraft and replacements for aging fleets amid increased demand for air travel across the globe is necessitating turbochargers, thereby bolstering the market growth. For instance, in July 2024, Boeing projected a 3% rise in aircraft deliveries over the coming 20 years, with the demand for commercial airplanes reaching nearly 44,000 by 2043.
Moreover, stringent environmental regulations mandating improved fuel efficiency and reduced emissions also create significant growth opportunities for the market, as turbochargers play a crucial role in meeting these standards by optimizing engine performance. The technological advancements and design improvements in components are further propelling the growth of the aircraft turbochargers market. Continuous research and development have led to more efficient and durable turbocharger designs. Moreover, the use of advanced materials has reduced turbocharger weight and improved performance. Besides, turbochargers are being increasingly integrated with other engine technologies, such as hybrid propulsion systems, to enhance overall efficiency, favoring product adoption and leading to market expansion.
A considerable rise in defense expenditures and the modernization of aircraft fleets with advanced capabilities across several countries is creating remunerative growth avenues for the aircraft turbochargers market. For instance, in April 2024, the U.S. Air Force awarded USD 13 billion contract to Sierra Nevada Corporation for developing a successor to the E-4B or Doomsday plane known for its ability to survive a nuclear war. Such initiatives are expected to drive the demand for turbochargers as military aircraft require high-performance engines capable of operating in demanding conditions. In this regard, turbochargers serve as critical components in these aircraft, contributing to enhanced performance, fuel efficiency, and power output.
Global Aircraft Turbocharger Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global aircraft turbocharger market report based on platform, type, component, end-use, and region:
- Platform Outlook (Revenue, USD Million, 2018 - 2030)
- Commercial Aircraft
- Military Aircraft
- Business and General Aviation Aircraft
- Advanced Air Mobility
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Single-Stage Turbochargers
- Two-Stage Turbochargers
- Variable Geometry Turbochargers (VGT)
- Intercooled Turbochargers
- Twin-Turbochargers
- Others
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Compressor
- Turbine
- Shaft
- Others
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- OEM
- Aftermarket
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Latin America
- Brazil
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Aircraft Turbochargers Market Snapshot
- 2.2. Aircraft Turbochargers Market- Segment Snapshot (1/2)
- 2.3. Aircraft Turbochargers Market- Segment Snapshot (2/2)
- 2.4. Aircraft Turbochargers Market- Competitive Landscape Snapshot
- Chapter 3. Aircraft Turbochargers Market - Industry Outlook
- 3.1. Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter’s analysis
- 3.4.2. Macroeconomic analysis
- 3.5. Technology Trends
- Chapter 4. Aircraft Turbochargers Market: Platform Estimates & Trend Analysis
- 4.1. Platform Movement Analysis & Market Share, 2023 & 2030
- 4.2. Aircraft Turbochargers Market Estimates & Forecast, By Platform (USD Million)
- 4.2.1. Commercial Aircraft
- 4.2.2. Military Aircraft
- 4.2.3. Business and General Aviation Aircraft
- 4.2.4. Advanced Air Mobility
- Chapter 5. Aircraft Turbochargers Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Aircraft Turbochargers Market Estimates & Forecast, By Type (USD Million)
- 5.2.1. Single-Stage Turbochargers
- 5.2.2. Two-Stage Turbochargers
- 5.2.3. Variable Geometry Turbochargers (VGT)
- 5.2.4. Intercooled Turbochargers
- 5.2.5. Twin-Turbochargers
- 5.2.6. Others
- Chapter 6. Aircraft Turbochargers Market: Component Estimates & Trend Analysis
- 6.1. Component Movement Analysis & Market Share, 2023 & 2030
- 6.2. Aircraft Turbochargers Market Estimates & Forecast, By Component (USD Million)
- 6.2.1. Compressor
- 6.2.2. Turbine
- 6.2.3. Shaft
- 6.2.4. Others
- Chapter 7. Aircraft Turbochargers Market: End Use Estimates & Trend Analysis
- 7.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 7.2. Aircraft Turbochargers Market Estimates & Forecast, By End Use (USD Million)
- 7.2.1. OEM
- 7.2.2. Aftermarket
- Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Aircraft Turbochargers Market by Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Aircraft Turbochargers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.3. Europe
- 8.3.1. Europe Aircraft Turbochargers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.3. U.K.
- 8.3.4. France
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Aircraft Turbochargers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.3. China
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
- 8.5. Latin America
- 8.5.1. Latin America Aircraft Turbochargers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.3. Mexico
- 8.6. Middle East & Africa (MEA)
- 8.6.1. MEA Aircraft Turbochargers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.3. Saudi Arabia
- 8.6.4. South Africa
- Chapter 9. Aircraft Turbochargers Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant’s Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Positioning Analysis
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion
- 9.8.2. Merger & Acquisition
- 9.8.3. Collaborations/Partnerships
- 9.8.4. New Product Launches
- 9.9. Company Profiles
- 9.9.1. ABB Ltd.
- 9.9.1.1. Participant’s Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Recent Developments
- 9.9.2. Airmark Overhaul, Inc.
- 9.9.2.1. Participant’s Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Recent Developments
- 9.9.3. BorgWarner Inc.
- 9.9.3.1. Participant’s Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Recent Developments
- 9.9.4. General Electric Company
- 9.9.4.1. Participant’s Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Recent Developments
- 9.9.5. Hartzell Engine Technologies LLC
- 9.9.5.1. Participant’s Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Recent Developments
- 9.9.6. Honeywell International Inc.
- 9.9.6.1. Participant’s Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Recent Developments
- 9.9.7. Kawasaki Heavy Industries, Ltd.
- 9.9.7.1. Participant’s Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Recent Developments
- 9.9.8. PBS Group, A.S.
- 9.9.8.1. Participant’s Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Recent Developments
- 9.9.9. Rajay Turbo Products
- 9.9.9.1. Participant’s Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Recent Developments
- 9.9.10. Victor Aviation Service, Inc.
- 9.9.10.1. Participant’s Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Recent Developments
- 9.9.11. Mitsubishi Heavy Industries Engine & Turbocharger Ltd.
- 9.9.11.1. Participant’s Overview
- 9.9.11.2. Financial Performance
- 9.9.11.3. Product Benchmarking
- 9.9.11.4. Recent Developments
- 9.9.12. Eaton Corporation plc
- 9.9.12.1. Participant’s Overview
- 9.9.12.2. Financial Performance
- 9.9.12.3. Product Benchmarking
- 9.9.12.4. Recent Developments
- 9.9.13. Garrett Motion Inc.
- 9.9.13.1. Participant’s Overview
- 9.9.13.2. Financial Performance
- 9.9.13.3. Product Benchmarking
- 9.9.13.4. Recent Developments
- 9.9.14. IHI corporation
- 9.9.14.1. Participant’s Overview
- 9.9.14.2. Financial Performance
- 9.9.14.3. Product Benchmarking
- 9.9.14.4. Recent Developments
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook