Aircraft engines are products that are associated with any type of propulsion system in the aircraft and are the power component for the entire system. These engines are responsible for the performance of the aircraft and are directly proportional to the operating efficacies of the engine with regard to speed, propulsion, thrust, and flight. The massive investments in the development of efficient aircraft engine will have a massive impact on the growth of the overall aircraft engine market in the coming years. The presence of several large scale manufacturers will also emerge in favor of the growth of the overall market in the foreseeable future. Technological advancements in manufacturing processes, as well as the equipment used in the production side, will bode well for market growth.

The presence of several large-scale companies across the world will have a huge impact on the growth of the overall market.

The global aircraft engine market size is projected to reach USD 85.44 billion by the end of 2027. The increasing investments in technological integration will play a huge role in the growth of the market in the coming years.

The market was worth USD 79.93 billion and will exhibit a CAGR of 11.27% during the forecast period, 2020-2027.

Request Sample Research Report-

Reduction in Production Rates during the Covid-19 Pandemic will have a Negative Impact on Market Growth

The recent coronavirus outbreak has created a sense of panic across the world. Accounting to the increasing cases of coronavirus and the rapid spread of the disease, governments across the world have been compelled to impose strict lockdowns and advise social distancing practises. The efforts taken to curb the spread of the disease, although for the brighter cause, have had a negative impact on this market. The reduction in production rates as well as capacities will prove denting to the overall market in the coming years.

Contact us for Customization in the Report –

North America to Emerge Dominant; Presence of Several Large Scale Companies will Aid Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The product applications have provided the platform for the companies operating in the market. The presence of several large scale companies will also bode well for the growth of the market in this region. As of 2019, the market in North America was worth 31.01 billion and this value is projected to increase at a considerable pace in the coming years. The market in Asia Pacific will rise at the highest CAGR in the coming years, driven by the increasing aircraft production in several countries across this region.

Increasing Number of Company Mergers and Acquisitions will have a Massive Global Impact

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions as well as collaborations among major businesses and organizations has made the highest impact on market growth. The report focuses on a few of the major company collaborations of recent times and discusses their impact on the growth of the global aircraft engines market. In November 2019, Rolls Royce announced that it has bagged a contract from the US Navy for the development and maintenance of the V-22 Osprey engines. Throught this contract, the company will provide support for the V-22 AE1107C at several aircraft production sites. The contract, said to be around USD 1.2 billion, will indirectly influence the growth of this overall market in the coming years


List of companies profiled in the Report –

  • CFM International SA (Paris, France)
  • Honeywell International Inc. (North Carolina, The U.S.)
  • GE Aviation (Ohio, The U.S.)
  • Rolls-Royce Holdings Plc. (London, The U.K.)
  • Safran SA (Paris, France)
  • International Aero Engines AG (Connecticut, The U.S.)
  • MTU Aero Engines AG (Munich, Germany)
  • Textron Inc. (Rhode Island, The U.S.)
  • United Technologies Corporation (Connecticut, The U.S.)

Industry Developments:

April 2020 – GE Aviation announced that it has bagged a contract from the US Air Force. The contract is said to be worth USD 707 million and is aimed at building F110 turbofan fighter aircraft engines for Slovakia, Taiwan, Bulgaria, and Qatar.


More Related Links:


About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner – Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.



US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

Connect us via Social Media Channels:

LinkedIn  Facebook  Twitter Blogs


By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.