Market Size of America Aircraft Engines Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 33.72 Billion |
| Market Size (2029) | USD 47.45 Billion |
| CAGR (2024 - 2029) | 7.07 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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America Aircraft Engines Market Analysis
The America Aircraft Engines Market size is estimated at USD 33.72 billion in 2024, and is expected to reach USD 47.45 billion by 2029, growing at a CAGR of 7.07% during the forecast period (2024-2029).
- The demand for aircraft engines is primarily driven by two factors: an increase in aircraft orders (including business jets, commercial, or military aircraft) and the replacement of engines within the existing aircraft fleet in North America and Latin America. Regulatory bodies such as the Federal Aviation Administration (FAA), International Civil Aviation Organization, and International Air Transport Association (IATA), among others, are placing a growing emphasis on reducing emissions from aircraft.
- This focus is generating demand for new-generation aircraft engines. Aircraft OEMs and engine manufacturers are intensively integrating efforts to enhance performance and extend aircraft range. Anticipated investments in the research and development of these technologies are expected to bolster market prospects during the forecast period.
- The manufacturing cycle of aircraft engine original equipment manufacturers (OEMs) is expected to transform rapidly due to the increased utilization of 3D printing and ceramic matrix composites in constructing critical engine components. Additionally, the emergence of technologies like hybrid-electric jet engines is anticipated to expand current business opportunities for market players.
