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

Commercial Aircraft Engines Market Analysis

The Commercial Aircraft Engines Market size is estimated at USD 69.87 billion in 2025, and is expected to reach USD 128.84 billion by 2030, at a CAGR of 13.02% during the forecast period (2025-2030).

The aircraft engine industry is undergoing significant technological transformation driven by the increasing focus on sustainability and operational efficiency. According to the International Civil Aviation Organization (ICAO), with global economic growth of 3% per year by 2035, air traffic is expected to grow by an average of 6% annually in the near future. This growth trajectory has catalyzed investments in next-generation engine technologies, with manufacturers developing compact, lightweight, and more fuel-efficient powerplants. The industry is witnessing a paradigm shift towards sustainable aviation technologies, including hybrid-electric propulsion systems and alternative fuel compatibility.

Advanced engine architectures are revolutionizing the commercial aircraft engines landscape, with innovations in open fan designs, hybrid electric propulsion systems, and compact engine core configurations. According to Airbus projections, passenger traffic will grow annually by 3.6% over the next two decades, necessitating more efficient and environmentally conscious propulsion solutions. Manufacturers are increasingly incorporating composite materials and advanced manufacturing techniques in engine development, resulting in significant weight reduction and improved performance characteristics. The integration of digital technologies and smart monitoring systems is enhancing engine reliability and maintenance efficiency.

The industry is experiencing a notable shift in manufacturing processes with the adoption of additive manufacturing and 3D printing technologies. These advanced production methods are enabling the creation of complex engine components with improved performance characteristics and reduced weight. Notably, only 20% of the current in-service fleet comprises the latest generation of fuel-efficient aircraft, indicating substantial potential for fleet modernization and engine replacement programs. The implementation of advanced materials, including ceramic matrix composites and advanced alloys, is becoming increasingly prevalent in engine design, contributing to enhanced durability and performance.

The future outlook of the commercial aircraft engines market is shaped by revolutionary propulsion concepts and sustainable technologies. Engine manufacturers are actively developing zero-emission technologies, including hydrogen-powered systems and electric propulsion solutions. The industry is witnessing increased collaboration between manufacturers, research institutions, and technology providers to accelerate the development of innovative propulsion systems. These partnerships are focusing on achieving significant reductions in fuel consumption, emissions, and operating costs while maintaining high performance standards and reliability. The integration of artificial intelligence and advanced analytics is expected to further optimize engine performance and maintenance procedures.

Commercial Aircraft Engines Market Trends

Increasing Focus on the Development of Newer Aircraft Engine Models

The aircraft engine industry is witnessing significant advancements in new commercial jet engines that provide higher fuel efficiency, are lightweight, and are designed compactly. Aircraft engine manufacturers are investing heavily in research and development to create newer engines that meet specific regulations set by governments worldwide. These developments are driven by tightening emissions standards, increased focus on environmental impact, and changing opinions about air travel, putting pressure on the aviation industry to decarbonize its operations. The newer generation engines, such as CFM LEAP engines found on aircraft models like the COMAC C919, Airbus A320, and Boeing B737 families, use composite components and new design elements to achieve significant weight reduction compared to older designs, translating to reduced fuel consumption and engine emissions.

Major aircraft engine manufacturers are actively developing next-generation engines with revolutionary technologies. For instance, Rolls-Royce's UltraFan engine, demonstrated in 2021, is designed to deliver a 25% fuel efficiency improvement compared to the first generation of the Trent engine. The engine is also capable of running on 100% Sustainable Aviation Fuel, increasing its market appeal. Similarly, GE 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, would feature a design with visible fan blades known as an open-rotor and could enter service by the mid-2030s. These technological innovations are significantly driving market growth through weight reduction, fewer noise footprints, reduced emissions, high thrust, and reduction in maintenance operations.

Rise in Global Air Passenger Traffic Leading to Increase in Demand for New Commercial Aircraft

The surge in air passenger traffic has led to unprecedented demand for new commercial aircraft, driving significant orders for commercial jet engines. This is evidenced by several major engine procurement deals in 2023, including Emirates' order for 202 GE9X engines to power its upcoming fleet of Boeing B777X aircraft, along with a long-term services agreement. Similarly, Air India signed a procurement contract for 40 GEnx-1B and 20 GE9X engines with GE Aerospace, while China Airlines ordered 17 GEnx-1B engines for its growing fleet of Boeing 787 Dreamliner commercial jets. These substantial orders reflect airlines' confidence in future growth and their commitment to fleet modernization.

The increasing demand for air travel has prompted airlines to expand their fleets significantly, as demonstrated by IndiGo's massive order of 500 Airbus A320 Family aircraft in June 2023. This trend is further supported by the International Air Transport Association's projections of continued growth in air traffic, with some regions expected to become major aviation markets by 2030. Airlines are particularly focusing on acquiring new-generation aircraft with advanced engines that offer better fuel efficiency and reduced environmental impact. This strategic fleet expansion and modernization drive is compelling aircraft manufacturers and engine suppliers to develop and deliver more efficient and environmentally friendly propulsion systems, creating a positive cycle of innovation and growth in the commercial aircraft engine market.

Segment Analysis: By Aircraft Type

Narrow-body Aircraft Segment in Commercial Aircraft Engines Market

The narrow-body aircraft segment dominates the commercial aircraft gas turbine engine market, accounting for approximately 55% of the market share in 2024. This significant market position is driven by the segment's widespread use in point-to-point transportation over relatively small distances and its optimal carrying capacity for most commercial routes. Major aircraft models in this segment include the Boeing B737 and Airbus A320 family, which continue to be the workhorses of many airline fleets worldwide. The demand for narrow-body aircraft engines is further strengthened by the increasing focus on fuel efficiency and the development of next-generation engines like the LEAP series and GTF engines, which offer significant improvements in fuel consumption and environmental performance. Airlines' preference for these aircraft types in domestic and short-haul international routes, combined with their lower operating costs and higher frequency capabilities, continues to drive the segment's dominance in the commercial aviation turbofan engines market.

Wide-body Aircraft Segment in Commercial Aircraft Engines Market

The wide-body aircraft segment is projected to experience the highest growth rate of approximately 13% during the forecast period 2024-2029. This accelerated growth is primarily driven by the increasing demand for long-haul international flights and the rising air cargo business. The segment's growth is further supported by significant technological advancements in engine design, particularly in fuel efficiency and reduced emissions. Airlines are increasingly investing in new wide-body aircraft equipped with advanced engines like the GE9X and Trent XWB, which offer superior performance and operational efficiency. The expansion of international routes, especially in emerging markets, coupled with the growing preference for larger aircraft in high-density routes, is expected to sustain this segment's rapid growth trajectory in the coming years.

Remaining Segments in Aircraft Type

The regional aircraft segment, while smaller in market share, plays a crucial role in the commercial aircraft engines market by serving specific niche requirements in the aviation industry. These aircraft, typically powered by turboprop engines, are essential for connecting smaller cities and regional routes where larger aircraft operations are not economically viable. The segment is characterized by its focus on short-haul operations and the ability to operate from smaller airports with limited infrastructure. Regional aircraft manufacturers continue to innovate with new engine technologies focused on improved fuel efficiency and reduced environmental impact, particularly in the development of hybrid and electric propulsion systems for future regional aircraft applications.

Segment Analysis: By Engine Type

Turbofan Segment in Commercial Aircraft Engines Market

The turbofan segment dominates the commercial aviation turbofan engines market, commanding approximately 99.7% of the market share in 2024, while also exhibiting the strongest growth trajectory with a projected growth rate of around 13% during 2024-2029. This overwhelming market dominance is attributed to turbofan engines' superior fuel efficiency and performance characteristics, particularly for medium and long-haul flights. Major investments are being directed toward developing the next generation of highly efficient jet engines, with manufacturers focusing on technologies that enable long-range capabilities for intercontinental flights. The segment's growth is further bolstered by significant technological advancements, including the development of open-bladed jet engines that can reduce fuel use and emissions by up to 20%. Additionally, the increasing demand for new commercial aircraft, particularly in the narrow-body and wide-body segments, continues to drive the expansion of the aircraft turbofan engine market, with manufacturers like GE, Rolls-Royce, and Pratt & Whitney leading innovation in this space.

Turboprop Segment in Commercial Aircraft Engines Market

The turboprop segment, while smaller in market share, maintains its significance in specific aviation applications, particularly in regional and short-haul operations. These engines are valued for their lightweight design and superior performance during takeoff while maintaining optimal fuel efficiency. The segment benefits from having fewer moving parts compared to other engine types, making them more reliable in terms of mechanical aspects and easier to maintain. Turboprop engines continue to evolve with technological advancements, focusing on improved power output per unit weight and enhanced vibration control systems. The segment serves a crucial niche in the aviation industry, particularly for regional aircraft and specialized operations where the unique characteristics of turboprop engines provide operational advantages. Manufacturers are actively working on developing more efficient and environmentally friendly turboprop engines, with a focus on reducing maintenance costs and improving overall performance metrics.

Commercial Aircraft Engines Market Geography Segment Analysis

Commercial Aircraft Engines Market in North America

North America represents a significant aircraft engine market for commercial aircraft engines, driven by the presence of major aircraft manufacturers and a robust aviation sector. The United States and Canada form the key markets in this region, with both countries demonstrating strong capabilities in aircraft engine manufacturing and maintenance. The region benefits from advanced technological infrastructure, significant R&D investments, and the presence of leading engine manufacturers like General Electric and Pratt & Whitney.

Commercial Aircraft Engines Market in United States

The United States dominates the North American aircraft engine market, holding approximately 81% aircraft engine market share of the regional market in 2024. The country's market is driven by rapidly growing air passenger traffic and an expanding air cargo business. According to the Bureau of Transportation Statistics (BTS), US airlines carried significantly more passengers in recent years, demonstrating strong recovery in the aviation sector. The presence of major engine manufacturers, extensive MRO facilities, and continuous technological innovations in engine development further strengthen the US market position.

Commercial Aircraft Engines Market in Canada

Canada emerges as the fastest-growing market in North America, with a projected growth rate of approximately 9% during 2024-2029. The country ranks third globally in civil aircraft engine production, with the aerospace industry predominantly focused on civil aviation. Canada's growth is supported by significant investments in manufacturing new aircraft and developing airport infrastructure. The country has been witnessing an increase in demand for private jets and commercial airplane engines, driving the need for new engine technologies and maintenance services.

Commercial Aircraft Engines Market in Europe

Europe represents a crucial engine commercial market for commercial aircraft engines, with a diverse landscape spanning the United Kingdom, Germany, France, Russia, and Spain. The region benefits from the presence of major engine manufacturers like Rolls-Royce and Safran, along with numerous research and development facilities. The European market is characterized by a strong focus on technological innovation, particularly in developing fuel-efficient and environmentally friendly engine solutions.

Commercial Aircraft Engines Market in France

France leads the European market, commanding approximately 26% of the region's market share in 2024. The country's strong position is attributed to the presence of major aircraft manufacturers like Airbus and engine manufacturer Safran. France has been in global focus for aviation, with significant contributions from its national airline Air France and a high inclination toward aviation within the country. The nation's aerospace industry demonstrates remarkable capabilities in engine development and maintenance.

Commercial Aircraft Engines Market in Spain

Spain emerges as the fastest-growing market in Europe, with a projected growth rate of approximately 14% during 2024-2029. The country has a highly specialized industry in aero-engines and propulsion engineering technology, with experience in advanced manufacturing processes. The Spanish government's strategic focus on the aerospace sector, coupled with increasing air traffic and fleet modernization initiatives by local carriers, positions Spain as a key growth market in the region.

Commercial Aircraft Engines Market in Asia-Pacific

The Asia-Pacific region represents a dynamic market for commercial airplane engines, encompassing major economies like China, India, Japan, and South Korea. The region's aviation sector is experiencing rapid growth, driven by increasing air travel demand, expansion of airline fleets, and development of new airports. China emerges as the largest market in the region, while South Korea demonstrates the fastest growth rate. The region's market is characterized by significant investments in aviation infrastructure and an increasing focus on developing indigenous engine manufacturing capabilities.

Commercial Aircraft Engines Market in Latin America

The Latin American market, comprising Brazil, Mexico, and Argentina, shows promising growth potential in the commercial aircraft engines sector. Brazil emerges as the largest market in the region, while Mexico demonstrates the fastest growth. The region's market is driven by increasing air passenger traffic, fleet modernization initiatives, and growing investments in aviation infrastructure. Airlines across these countries are actively expanding their fleets and routes, creating sustained demand for aircraft engines and related services.

Commercial Aircraft Engines Market in Middle East & Africa

The Middle East & Africa region, particularly the United Arab Emirates and Saudi Arabia, represents a growing market for commercial aircraft engines. Saudi Arabia leads the regional market, while the UAE shows the fastest growth rate. The region's market is driven by ambitious aviation sector expansion plans, increasing air travel demand, and significant investments in airport infrastructure. Major airlines in these countries are actively expanding their fleets with next-generation aircraft, driving demand for advanced engine technologies.