TechSci Press Release

The aircraft engine market   stood around USD94.40 billion in 2021 and is estimated to reach USD195.62 billion by 2035, advancing with a CAGR of 5.30% in the forecast period, 2022-2035. An increase in technological development and an upsurge in demand for international tourism and commercial trading are driving the growth of the global aircraft engine market in the forecast years. Engines driven by jet propulsion, turbines, or pistons are referred to as aviation engines. Jet propulsion engines must generate at least 1750 lb of thrust or its equivalent for takeoff. Furthermore, in the case of turbine- or piston-powered aircraft engines, all modules and other integrated or attached components, parts, and equipment must provide at least 550 rated takeoff shaft horsepower or its equivalent. The systems often found integrated with the engine operation are the accessory drive gearbox, fuel system, lubrication system, ignition system, bleed system, start system, anti-ice system, etc. The ...

Rising demand for passenger air travel and growing logistics sector is driving the growth of global aircraft engine market in the forecast period, 2023-2027. According to TechSci Research report,  “ Aircraft Engine Market  - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” .  The global aircraft engine market stood at USD96.72 billion in 2021 and  is expected to grow at a steady CAGR of 9.02% during the forecast period to reach USD166.81   billion in 2027 on account of  rising demand of aircraft engines which are compact sized, light weight and fuel efficient. Furthermore, demand from commercial aviation industry is anticipated to propel the market in the forecast years.    An aircraft engine commonly referred as an aero engine is the component of an aircraft propulsion system that is responsible for generating mechanical power. Majority of aircrafts present today are either running on light weight piston en...