Global Flight Propulsion Systems Market Growth 2023-2029

Global Flight Propulsion Systems Market Growth 2023-2029

A flight propulsion system generally consists of an aircraft engine and some means to generate thrust, such as a propeller or a propulsive nozzle. An flight propulsion system must achieve two things. First, the thrust from the propulsion system must balance the drag of the airplane when the airplane is cruising. And second, the thrust from the propulsion system must exceed the drag of the airplane for the airplane to accelerate. In fact, the greater the difference between the thrust and the drag, called the excess thrust, the faster the airplane will accelerate.

LPI (LP Information)' newest research report, the “Flight Propulsion Systems Industry Forecast” looks at past sales and reviews total world Flight Propulsion Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Flight Propulsion Systems sales for 2023 through 2029. With Flight Propulsion Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flight Propulsion Systems industry.

This Insight Report provides a comprehensive analysis of the global Flight Propulsion Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flight Propulsion Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Flight Propulsion Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flight Propulsion Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flight Propulsion Systems.

The global Flight Propulsion Systems market size is projected to grow from US$ 164480 million in 2022 to US$ 265060 million in 2029; it is expected to grow at a CAGR of 265060 from 2023 to 2029.

North America is the largest market with about 56% market share. Europe is follower, accounting for about 39% market share.

The key players are CFM, General Electric Company, Rolls-Royce Holdings, United Technologies, Safran, Honeywell, GKN Aerospace, MTU Aero Engines, United Engine Corporation, Aero Engine Corporation of China etc. CFM is the largest manufacturer with about 40% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Flight Propulsion Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Air Breathing Engines
Non-Air Breathing Engines

Segmentation by application
Aircraft
Spacecraft
Missiles
Unmanned Aerial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
CFM
General Electric Company
Rolls-Royce Holdings
United Technologies
Safran
Honeywell
GKN Aerospace
MTU Aero Engines
United Engine Corporation
Aero Engine Corporation of China

Key Questions Addressed in this Report

What is the 10-year outlook for the global Flight Propulsion Systems market?

What factors are driving Flight Propulsion Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Flight Propulsion Systems market opportunities vary by end market size?

How does Flight Propulsion Systems break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.