Aircraft Engine Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Aircraft Engine Industry Analysis Report is Segmented by Engine Type (Turbofan, Turboprop, Turboshaft, and Piston), Aircraft Type (Commercial, Military, and General Aviation), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Share, Size, and Forecast for all the Above Segments in Value (USD).

Aircraft Engine Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Aircraft Engine Market Size

Aircraft Engines Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 87.99 Billion
Market Size (2030) USD 118.08 Billion
CAGR (2025 - 2030) 6.06 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration High

Major Players

Aircraft Engines Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Aircraft Engine Market Analysis

The Aircraft Engines Market size is estimated at USD 87.99 billion in 2025, and is expected to reach USD 118.08 billion by 2030, at a CAGR of 6.06% during the forecast period (2025-2030).

The industry growth is also driven by the demand for new-generation engines with low emissions and lower weight, which will likely enhance aircraft fuel efficiency. Due to this trend, the largest companies in the market are investing in research and development of new engine models utilizing the latest technologies, like additive manufacturing and composite technologies. 

However, growing concerns over the failure of aircraft engines during operation and delays in deliveries are some of the factors hampering the industry growth. 

Aircraft OEMs and engine manufacturers are engaging in extensive integration efforts to enhance performance and extend the range of aircraft. The investments towards the R&D of such technologies are anticipated to bolster the market prospects during the forecast period. The manufacturing cycle of aircraft engine OEMs is expected to undergo rapid transformation due to the increasing use of 3D printing and ceramic matrix composites to construct critical components of an aircraft engine. Furthermore, emerging industry trends such as a hybrid-electric jet engine are anticipated to enhance the current business opportunities for the market players. 

Aircraft Engine Industry Overview

The aircraft engine market is consolidated, with a few players holding a dominating market share in both the commercial and military aircraft segments. Some of the largest companies in the global market are General Electric Company (through GE Aviation), RTX Corporation (through Pratt & Whitney), Rolls-Royce plc, Safran SA, and Honeywell International Inc. 

The players mentioned above, along with their joint ventures such as CFM International (GE Aviation and Safran), International Aero Engines (Pratt & Whitney, Japanese Aero Engine Corporation, and MTU Aero Engines), and Engine Alliance (General Electric and Pratt & Whitney), provide engines for major commercial and military aircraft programs. 

Also, engine manufacturers are partnering with aircraft manufacturers to develop sustainable aircraft engine solutions that are low-weight and reduce engine emissions. For instance, in February 2022, Embraer, Widerøe, and Rolls-Royce entered a research partnership agreement to conduct a 12-month study and research innovative sustainable technologies for regional planes, focusing on developing a conceptual zero-emissions aircraft. 

In addition, due to increasing demand for local manufacturing, regional players are partnering with international players. For instance, as of March 2022, India's Defence Research and Development Organization (DRDO) was in talks with Safran for the joint development of a 125KN engine for the indigenous fifth-generation Advanced Medium Combat Aircraft (AMCA) (currently under development, with the first flight planned for 2024). Industry analysis suggests that such developments are anticipated to help the companies increase their geographical presence over the coming years.

Aircraft Engine Market Leaders

  1. Safran SA

  2. General Electric Company

  3. Rolls-Royce plc

  4. RTX Corporation

  5. Honeywell International Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Aircraft Engine Market Concentration
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Aircraft Engine Market News

October 2023: Sikorsky (Lockheed Martin Company) was in the process of installing a new Improved Turbine IITP aboard its Raider X aircraft for the United States Army. The Raider X aircraft was built for the Future Attack Reconnaissance (FARA) program. Sikorsky's engineers and the US military performed a detailed inspection of the engine after landing at Lockheed Martin's West Palm Beach facility. The plane is expected to make its first flight in late 2024. 

October 2023: GE Aerospace announced the approval of the first two T901-GE-900 flight test engines by the Defense Contract Management Agency to the US Army, which was to support the Future Attack Reconnaissance Aircraft (FARA) Competitive Prototype program. The next-generation rotorcraft engines were to power the UH-60 Black Hawk, AH-64 Apache, and FARA.

Aircraft Engine Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Engine Type
    • 5.1.1 Turbofan
    • 5.1.2 Turboprop
    • 5.1.3 Turboshaft
    • 5.1.4 Piston
  • 5.2 Aircraft Type
    • 5.2.1 Commercial Aviation
    • 5.2.1.1 Narrow-body Aircraft
    • 5.2.1.2 Wide-body Aircraft
    • 5.2.1.3 Regional Aircraft
    • 5.2.2 Military Aviation
    • 5.2.2.1 Combat Aircraft
    • 5.2.2.2 Non-combat Aircraft
    • 5.2.3 General Aviation
    • 5.2.3.1 Business Jets
    • 5.2.3.2 Helicopters
    • 5.2.3.3 Turboprop Aircraft
    • 5.2.3.4 Piston Engine Aircraft
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.1.1 Engine Type
    • 5.3.1.1.2 Aircraft Type
    • 5.3.1.2 Canada
    • 5.3.1.2.1 Engine Type
    • 5.3.1.2.2 Aircraft Type
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.1.1 Engine Type
    • 5.3.2.1.2 Aircraft Type
    • 5.3.2.2 Germany
    • 5.3.2.2.1 Engine Type
    • 5.3.2.2.2 Aircraft Type
    • 5.3.2.3 France
    • 5.3.2.3.1 Engine Type
    • 5.3.2.3.2 Aircraft Type
    • 5.3.2.4 Rest of Europe
    • 5.3.2.4.1 Engine Type
    • 5.3.2.4.2 Aircraft Type
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.1.1 Engine Type
    • 5.3.3.1.2 Aircraft Type
    • 5.3.3.2 India
    • 5.3.3.2.1 Engine Type
    • 5.3.3.2.2 Aircraft Type
    • 5.3.3.3 Japan
    • 5.3.3.3.1 Engine Type
    • 5.3.3.3.2 Aircraft Type
    • 5.3.3.4 South Korea
    • 5.3.3.4.1 Engine Type
    • 5.3.3.4.2 Aircraft Type
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.3.5.1 Engine Type
    • 5.3.3.5.2 Aircraft Type
    • 5.3.4 Latin America
    • 5.3.4.1 Brazil
    • 5.3.4.1.1 Engine Type
    • 5.3.4.1.2 Aircraft Type
    • 5.3.4.2 Rest of Latin America
    • 5.3.4.2.1 Engine Type
    • 5.3.4.2.2 Aircraft Type
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 United Arab Emirates
    • 5.3.5.1.1 Engine Type
    • 5.3.5.1.2 Aircraft Type
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.2.1 Engine Type
    • 5.3.5.2.2 Aircraft Type
    • 5.3.5.3 Qatar
    • 5.3.5.3.1 Engine Type
    • 5.3.5.3.2 Aircraft Type
    • 5.3.5.4 Rest of Middle-East and Africa
    • 5.3.5.4.1 Engine Type
    • 5.3.5.4.2 Aircraft Type

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 General Electric Company
    • 6.2.2 Safran SA
    • 6.2.3 Rolls-Royce plc
    • 6.2.4 RTX Corporation
    • 6.2.5 Honeywell International Inc.
    • 6.2.6 Rostec
    • 6.2.7 MTU Aero Engines AG
    • 6.2.8 IHI Corporation
    • 6.2.9 Textron Inc.
    • 6.2.10 Mitsubishi Heavy Industries Aero Engines, Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aircraft Engine Industry Segmentation

The industry analysis of the aircraft engines market includes all the new engines installed on fixed and rotary-wing aircraft that are used in military, commercial, and general aviation aircraft. The aftermarket sales of the engine and its parts and sales of auxiliary power units (APUs) are excluded from the study. 

An aircraft engine is a component of the aircraft's advanced propulsion system that generates mechanical power. Based on the engine type, the market is segmented into turbofan, turboprop, turboshaft, and piston. The aircraft engine market is also segmented based on aircraft type into commercial aviation, military aviation, and general aviation. Commercial aviation is further segmented into narrow-body aircraft, wide-body aircraft, and regional aircraft. Military aviation is further segmented into combat aircraft and non-combat aircraft. General aviation is further segmented into business jets, helicopters, turboprop aircraft, and piston-engine aircraft. The report also covers the market share, size, and forecasts for the aircraft engine market in major countries across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). 

For each segment, the market size is provided in terms of value (USD).

Engine Type Turbofan
Turboprop
Turboshaft
Piston
Aircraft Type Commercial Aviation Narrow-body Aircraft
Wide-body Aircraft
Regional Aircraft
Military Aviation Combat Aircraft
Non-combat Aircraft
General Aviation Business Jets
Helicopters
Turboprop Aircraft
Piston Engine Aircraft
Geography North America United States Engine Type
Aircraft Type
Canada Engine Type
Aircraft Type
Europe United Kingdom Engine Type
Aircraft Type
Germany Engine Type
Aircraft Type
France Engine Type
Aircraft Type
Rest of Europe Engine Type
Aircraft Type
Asia-Pacific China Engine Type
Aircraft Type
India Engine Type
Aircraft Type
Japan Engine Type
Aircraft Type
South Korea Engine Type
Aircraft Type
Rest of Asia-Pacific Engine Type
Aircraft Type
Latin America Brazil Engine Type
Aircraft Type
Rest of Latin America Engine Type
Aircraft Type
Middle-East and Africa United Arab Emirates Engine Type
Aircraft Type
Saudi Arabia Engine Type
Aircraft Type
Qatar Engine Type
Aircraft Type
Rest of Middle-East and Africa Engine Type
Aircraft Type
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Aircraft Engine Market Research FAQs

How big is the Aircraft Engines Market?

The Aircraft Engines Market size is expected to reach USD 87.99 billion in 2025 and grow at a CAGR of 6.06% to reach USD 118.08 billion by 2030.

What is the current Aircraft Engines Market size?

In 2025, the Aircraft Engines Market size is expected to reach USD 87.99 billion.

Who are the key players in Aircraft Engines Market?

Safran SA, General Electric Company, Rolls-Royce plc, RTX Corporation and Honeywell International Inc. are the major companies operating in the Aircraft Engines Market.

Which is the fastest growing region in Aircraft Engines Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Aircraft Engines Market?

In 2025, the North America accounts for the largest market share in Aircraft Engines Market.

What years does this Aircraft Engines Market cover, and what was the market size in 2024?

In 2024, the Aircraft Engines Market size was estimated at USD 82.66 billion. The report covers the Aircraft Engines Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Aircraft Engines Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Aircraft Engine Industry Report

The Global Aircraft Engine Market is witnessing significant growth, fueled by the demand for fuel-efficient, lightweight engines with advanced technology. This surge is driven by the aviation industry's expansion, including commercial and military segments, and the rising popularity of UAVs. Key contributors include the commercial aircraft sector's demand for turbofan and turboprop engines, and the military's need for advanced engines for fighter jets and helicopters. The industry is also moving towards electric and hybrid engines to reduce its carbon footprint, with innovations in 3D printing and composite materials aiding in the development of efficient engines. Despite challenges like engine longevity and production backlogs, the market is set for robust growth, especially in Asia-Pacific, driven by increased air travel and investments in aviation. The focus on sustainable aviation fuels and zero-emission engines underscores the industry's commitment to innovation and environmental sustainability. For detailed market insights and industry analysis, Mordor Intelligence™ offers a comprehensive analysis, including market forecast and historical overviews, available as a free report PDF download.

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