Global Commercial Aircraft Gas Turbine Engine Market 2023-2027

Global Commercial Aircraft Gas Turbine Engine Market 2023-2027

Technavio has been monitoring the commercial aircraft gas turbine engine market and is forecast to grow by $54760.35 mn during 2022-2027, accelerating at a CAGR of 19.85% during the forecast period. Our report on the commercial aircraft gas turbine 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 advancements in engine technologies, rise in the procurement rate of new-generation aircraft, and increase in aircraft deliveries.

Technavio's commercial aircraft gas turbine engine market is segmented as below:

By Technology

  • Turbofan
  • Turboprop
By Type
  • Narrow-body aircraft
  • Widebody aircraft
  • Regional aircraft
By Geographical Landscape
  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the usage of ceramic matrix composites as one of the prime reasons driving the commercial aircraft gas turbine engine market growth during the next few years. Also, adoption of 3D printing systems for engine components and growth in new-generation commercial aircraft procurement will lead to sizable demand in the market.

Technavio 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. Our report on the commercial aircraft gas turbine engine market covers the following areas:
  • Commercial aircraft gas turbine engine market sizing
  • Commercial aircraft gas turbine engine market forecast
  • Commercial aircraft gas turbine engine market industry analysis
Technavio's 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 commercial aircraft gas turbine engine market vendors that include General Electric Co., EuroJet Turbo GmbH, GKN Aerospace Services Ltd., Honeywell International Inc., IHI Corp., JSC Klimov, Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., MTU Aero Engines AG, PBS Group AS, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Rostec, Siemens Energy AG, Textron Inc., TurbAero, UEC-Aviadvigatel JSC, UEC Saturn, Williams International Co. LLC, and Safran SA. Also, the commercial aircraft gas turbine 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.

Technavio 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 research - both primary and secondary. Technavio's 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.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Technology
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global commercial aircraft gas turbine engine market 2017 - 2021
      • Table Historic Market Size – Data Table on Global commercial aircraft gas turbine engine market 2017 - 2021 ($ million)
    • Technology Segment Analysis 2017 - 2021
      • Table Historic Market Size – Technology Segment 2017 - 2021 ($ million)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Technology
    • Market segments
      • Table Chart on Technology - Market share 2022-2027 (%)
      • Table Data Table on Technology - Market share 2022-2027 (%)
    • Comparison by Technology
      • Table Chart on Comparison by Technology
      • Table Data Table on Comparison by Technology
    • Turbofan - Market size and forecast 2022-2027
      • Table Chart on Turbofan - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Turbofan - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Turbofan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Turbofan - Year-over-year growth 2022-2027 (%)
    • Turboprop - Market size and forecast 2022-2027
      • Table Chart on Turboprop - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Turboprop - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Turboprop - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Turboprop - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology ($ million)
      • Table Data Table on Market opportunity by Technology ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Narrow-body aircraft - Market size and forecast 2022- 2027
      • Table Chart on Narrow-body aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Narrow-body aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Narrow-body aircraft - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Narrow-body aircraft - Year-over-year growth 2022-2027 (%)
    • Widebody aircraft - Market size and forecast 2022-2027
      • Table Chart on Widebody aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Widebody aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Widebody aircraft - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Widebody aircraft - Year-over-year growth 2022-2027 (%)
    • Regional aircraft - Market size and forecast 2022-2027
      • Table Chart on Regional aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Regional aircraft - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Regional aircraft - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Regional aircraft - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • France - Market size and forecast 2022-2027
      • Table Chart on France - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Table Chart on France - Year-over-year growth 2022-2027 (%)
      • Table Data Table on France - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Advancements in engine technologies
      • Rise in procurement rate of new-generation aircraft
      • Increase in aircraft deliveries
    • Market challenges
      • Grounding of fleets due to technical issues
      • High production costs and delays in engine deliveries
      • Fluctuations in customs and import duties
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Usage of ceramic matrix composites
      • Adoption of 3D printing systems for engine components
      • Growth in new-generation commercial aircraft procurement
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • GKN Aerospace Services Ltd.
      • Table GKN Aerospace Services Ltd. - Overview
      • Table GKN Aerospace Services Ltd. - Product / Service
      • Table GKN Aerospace Services Ltd. - Key offerings
    • Honeywell International Inc.
      • Table Honeywell International Inc. - Overview
      • Table Honeywell International Inc. - Business segments
      • Table Honeywell International Inc. - Key news
      • Table Honeywell International Inc. - Key offerings
      • Table Honeywell International Inc. - Segment focus
    • IHI Corp.
      • Table IHI Corp. - Overview
      • Table IHI Corp. - Business segments
      • Table IHI Corp. - Key news
      • Table IHI Corp. - Key offerings
      • Table IHI Corp. - Segment focus
    • JSC Klimov
      • Table JSC Klimov - Overview
      • Table JSC Klimov - Product / Service
      • Table JSC Klimov - Key offerings
    • MTU Aero Engines AG
      • Table MTU Aero Engines AG - Overview
      • Table MTU Aero Engines AG - Business segments
      • Table MTU Aero Engines AG - Key news
      • Table MTU Aero Engines AG - Key offerings
      • Table MTU Aero Engines AG - Segment focus
    • PBS Group AS
      • Table PBS Group AS - Overview
      • Table PBS Group AS - Product / Service
      • Table PBS Group AS - Key offerings
    • Raytheon Technologies Corp.
      • Table Raytheon Technologies Corp. - Overview
      • Table Raytheon Technologies Corp. - Business segments
      • Table Raytheon Technologies Corp. - Key news
      • Table Raytheon Technologies Corp. - Key offerings
      • Table Raytheon Technologies Corp. - Segment focus
    • Rolls Royce Holdings Plc
      • Table Rolls Royce Holdings Plc - Overview
      • Table Rolls Royce Holdings Plc - Business segments
      • Table Rolls Royce Holdings Plc - Key news
      • Table Rolls Royce Holdings Plc - Key offerings
      • Table Rolls Royce Holdings Plc - Segment focus
    • Safran SA
      • Table Safran SA - Overview
      • Table Safran SA - Business segments
      • Table Safran SA - Key news
      • Table Safran SA - Key offerings
      • Table Safran SA - Segment focus
    • Textron Inc.
      • Table Textron Inc. - Overview
      • Table Textron Inc. - Business segments
      • Table Textron Inc. - Key news
      • Table Textron Inc. - Key offerings
      • Table Textron Inc. - Segment focus
    • TurbAero
      • Table TurbAero - Overview
      • Table TurbAero - Product / Service
      • Table TurbAero - Key offerings
    • UEC-Aviadvigatel JSC
      • Table UEC-Aviadvigatel JSC - Overview
      • Table UEC-Aviadvigatel JSC - Product / Service
      • Table UEC-Aviadvigatel JSC - Key offerings
    • UEC Saturn
      • Table UEC Saturn - Overview
      • Table UEC Saturn - Product / Service
      • Table UEC Saturn - Key offerings
    • Williams International Co. LLC
      • Table Williams International Co. LLC - Overview
      • Table Williams International Co. LLC - Product / Service
      • Table Williams International Co. LLC - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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