Global Aircraft Turbofan Engine Market 2024-2028
Aircraft Turbofan Engine Market 2024-2028
The aircraft turbofan engine market is forecasted to grow by USD 704.1 mn during 2023-2028, accelerating at a CAGR of 4.6% during the forecast period. The report on the aircraft turbofan engine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of aircraft deliveries, rising demand for lightweight and fuel-efficient aircraft, and adoption of upgraded lightweight materials such as ceramics, composites, and super alloys.
Technavio's aircraft turbofan engine market is segmented as below:
By Application
- Civil aviation
- Defense aviation
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the new technologies gaining ground as one of the prime reasons driving the aircraft turbofan engine market growth during the next few years. Also, introduction of 3d printing technology and growing popularity of recycled aircraft parts will lead to sizable demand in the market.
The report on the aircraft turbofan engine market covers the following areas:
- Aircraft Turbofan Engine Market sizing
- Aircraft Turbofan Engine Market forecast
- Aircraft Turbofan Engine Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aircraft turbofan engine market vendors that include Aero Gearbox International, DRDO, EuroJet Turbo GmbH, General Electric Co., Honeywell International Inc., Ivchenko-Progress SE, Liebherr International AG, Mitsubishi Heavy Industries Ltd, MTU Aero Engines AG, Northstar Aerospace, PowerJet Pressure Cleaning Systems, RTX Corp., Rolls Royce Holdings Plc, Rostec, Safran SA, Shenyang Aircraft Corp., UEC Aviadvigatel JSC, The Williams Co. Inc, and Xi an Aero-Engine Corp.. Also, the aircraft turbofan engine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.