| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 28.05 Billion |
| Market Size (2030) | USD 34.37 Billion |
| CAGR (2025 - 2030) | 4.15 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Aircraft Engine Market Analysis
The Asia-Pacific Aircraft Engine Market size is estimated at USD 28.05 billion in 2025, and is expected to reach USD 34.37 billion by 2030, at a CAGR of 4.15% during the forecast period (2025-2030).
The substantial rise in passenger traffic and the imposition of new emission regulations have led to a significant increase in the demand for new-generation aircraft purchases over the last decade. Aircraft manufacturers are developing new aircraft models in commercial, military, and general aviation sectors, requiring newer engines with better performance, low weight, better fuel efficiency, and lesser emissions. As a result, the emphasis on newer material technologies like composites is increasing.
Technological innovations are significantly fueling market growth, and developing new models results in weight reduction, fewer noise footprints, fewer emissions, high thrust, reduced maintenance operations, etc. The development of battery technology boosts hybrid propulsion commercial aircraft engines in areas such as weight reduction, less space requirement, and high power. Factors such as these will fuel the growth of aircraft engines in the Asia-Pacific region.
Asia-Pacific Aircraft Engine Market Trends
Turbofan Engine is expected to Dominate the Market during the Forecasted Period
The turbofan segment is expected to dominate the aircraft engines market and is anticipated to dominate the market during the forecast period. Turbofan engines are most widely used in commercial and military segments. Significant investments have developed the next generation of highly efficient jet engines. These engines will most likely be equipped with long-range aircraft that travel long distances without stopping, including intercontinental flights. For instance, in June 2021, General Electric, an aircraft engine manufacturer, and Safran unveiled plans to test-build an open-bladed jet engine that can reduce fuel use and emissions by 20%. The RISE engine, positioned as a successor to the LEAP model used on the Airbus A320neo and Boeing B737 MAX, would feature a design with visible fan blades known as open-rotor and could enter service by the mid-2030s.
Air passenger traffic in the Asia-Pacific region has witnessed significant improvements and growth in recent times owing to the robust vaccination programs in several countries, which have helped the governments ease air travel regulations, leading to increased opportunities for air travel in the Asia-Pacific region. With growing aircraft orders in the commercial aircraft segment, which is majorly dominated by the turbofan engine segment, the turbofan engine segment is anticipated to register the highest CAGR during the forecasted period.
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India is Projected to Exhibit the Highest Growth Rate in the Market
India is one of the fastest-growing aviation markets globally and has significant potential for growth in the future. India is the world’s fourth-largest military spender and Asia’s second-largest military spender as of 2023. India is one of the fastest-growing aviation markets in the world and has a significant potential for growth in the coming years. Also, an increase in the budget allocation for improving airport infrastructure and establishing new airports will support the development of the aviation sector over the next decade.
Indigo is the largest airline in the country (in terms of passengers carried and fleet), and as of March 2022, the airline had a domestic market share of 59%. The country's business jet purchases are comprised chiefly of pre-owned aircraft as the government is an emerging economy with comparatively lower disposable incomes. This factor is currently hindering the growth of the country's market. India has a total fleet of 253 business jets as of March 2023. Considering the developments, the country's passenger and defense aviation sector is in a sweet spot. Thus, the demand for aircraft engines will likely grow during the forecast period.
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Asia-Pacific Aircraft Engine Industry Overview
The Asia-Pacific aircraft engine market is consolidated, with most of the market share being held by Pratt & Whitney (RTX Corporation), Rolls-Royce plc, Safran, UEC Aviadvigatel JSC, and General Electric Company. The engine manufacturers and aircraft OEMs often prefer long-term contracts, making it difficult for new players to enter the market.
Significant investment in R&D of advanced technologies, like additive manufacturing and incorporation of AI to increase the production rate, is expected to help the players ramp up their production capacity, thereby maximizing their profits. For instance, in June 2023, India and the US planned to collaborate on producing fighter jet engines. The deal will be signed between General Electric and Hindustan Aeronautics Limited (HAL) to transfer approximately 80% of the jet engine technology by value.
Asia-Pacific Aircraft Engine Market Leaders
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Rolls-Royce plc
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JSC UEC-Aviadvigatel
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Pratt & Whitney (RTX Corporation)
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General Electric Company
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Safran
- *Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Aircraft Engine Market News
- February 2023: Air India placed a definitive order for 40 GEnx-1B and 20 GE9X engines and a multi-year TrueChoice engine services agreement with GE Company.
- June 2022: ST Engineering announced that their Commercial Aerospace business signed a five-year agreement with Safran Aircraft Engines, a world-leading aerospace engine manufacturer, for ST Engineering to provide engine maintenance (shop visit) offload for the CFM56-5B and -7B engines. This multi-year agreement was expected to allow ST Engineering and Safran Aircraft Engines to meet the forecasted rise of engine MRO activities as air travel gradually recovered from the pandemic.
Asia-Pacific Aircraft Engine Industry Segmentation
An aircraft engine, often referred to as an aero engine, is the power component of an aircraft propulsion system. An aircraft engine also refers to the element of an aircraft that offers thrust to an aircraft during taxing or the course of the flight. The major components of an aircraft engine encompass a fan, compressor, combustor, turbine, mixer, and nozzle, and each component plays a crucial role in the working of the aircraft engine.
The Asia-Pacific aircraft engine market is segmented by engine type, end user, and geography. Based on the engine type, the market is segmented into turboprop, turbofan, turboshaft, and piston. By end-user, the market is segmented into commercial, general, and military aviation. The report also offers the market size and forecasts for five countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD)
| Engine Type | Turbofan |
| Turboprop | |
| Turboshaft | |
| Piston | |
| End User | Commercial Aviation |
| Military Aviation | |
| General Aviation | |
| Geography | China |
| India | |
| Japan | |
| Singapore | |
| South Korea | |
| Rest of Asia-Pacific |
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Asia-Pacific Aircraft Engine Market Research FAQs
How big is the Asia-Pacific Aircraft Engine Market?
The Asia-Pacific Aircraft Engine Market size is expected to reach USD 28.05 billion in 2025 and grow at a CAGR of 4.15% to reach USD 34.37 billion by 2030.
What is the current Asia-Pacific Aircraft Engine Market size?
In 2025, the Asia-Pacific Aircraft Engine Market size is expected to reach USD 28.05 billion.
Who are the key players in Asia-Pacific Aircraft Engine Market?
Rolls-Royce plc, JSC UEC-Aviadvigatel, Pratt & Whitney (RTX Corporation), General Electric Company and Safran are the major companies operating in the Asia-Pacific Aircraft Engine Market.
What years does this Asia-Pacific Aircraft Engine Market cover, and what was the market size in 2024?
In 2024, the Asia-Pacific Aircraft Engine Market size was estimated at USD 26.89 billion. The report covers the Asia-Pacific Aircraft Engine Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Aircraft Engine Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Asia-Pacific Aircraft Engine Industry Report
Statistics for the 2025 Asia-Pacific Aircraft Engine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Aircraft Engine analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
