| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 62.66 Billion |
| Market Size (2030) | USD 102.11 Billion |
| CAGR (2025 - 2030) | 10.26 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aircraft Turbine Engine Market Analysis
The Aircraft Turbine Engine Market size is estimated at USD 62.66 billion in 2025, and is expected to reach USD 102.11 billion by 2030, at a CAGR of 10.26% during the forecast period (2025-2030).
The demand for aircraft engines is driven primarily by either an increase in the order book of aircraft (business jet, commercial, or military aircraft) or a replacement for the engines for the existing aircraft fleet. Aircraft OEMs and engine manufacturers are engaging in extensive integration efforts to enhance performance and extend the range of aircraft. Investments in the R&D of such technologies are anticipated to bolster the market prospects during the forecast period.
Since modern-day airlines operate on a merged profit model, the profit margins are relatively low. This scenario makes it challenging for operators to procure a new fleet and pay significant cash to complete the transaction. However, due to the emerging dynamics of the aircraft and engine leasing business, airlines have access to the comfort of opting for lease agreements from aircraft financing entities, providing financial relief to airlines and granting them temporary access to increased capacity.
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 technologies such as a hybrid-electric jet engine are anticipated to enhance the current business opportunities for the market players.
Aircraft Turbine Engine Market Trends
Commercial Segment to Dominate Market Share During the Forecast Period
The commercial segment holds the largest aircraft turbine engine market share due to several compelling drivers. The rise in global air passenger travel, attributed to rising incomes, the growth of the middle class, and urbanization, provides a strong foundation for the commercial aircraft engine industry. This growth trend is expected to continue, with many people joining the global middle class, especially from countries like India and China.
The industry perspective emphasizes the rise of single-aisle aircraft, driven by cost and convenience factors for air travelers. This shift is reflected in the increasing usage of aircraft like Airbus’ A320 and Boeing’s B737, comprising a significant portion of the global passenger jet fleet. Single-aisle aircraft are expected to dominate the market, offering commercial aircraft turbine manufacturers opportunities. Additionally, the stringent regulatory and compliance standards imposed on commercial turbine engines create a unique barrier to entry for other segments. Meeting these requirements necessitates substantial research, development, and manufacturing investments, which often only established commercial engine manufacturers can undertake.
Military engines are designed to last for decades, withstanding the rigors of combat and extensive use. Consequently, governments are heavily invested in their maintenance, repair, and upgrade, resulting in a continuous revenue stream for manufacturers and service providers. For instance, in July 2022, Rolls-Royce plc entered the final build stage for the world’s largest aero-engine technology demonstrator, UltraFan, offering technologies to support sustainable air travel in the future. The demonstrator engine has a fan diameter of 140 inches and runs on 100% Sustainable Aviation Fuel. The new engine offers a 25% fuel efficiency improvement compared with the first generation of the Trent engine. In the longer term, the UltraFan engine’s scalable technology from 25,000 to 100,000 lb. thrust offers the potential to power new wide-body and narrow-body commercial aircraft.
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Asia-Pacific to Dominate the Market Share During the Forecast Period
The ongoing success of the LCC model has contributed to steady growth in passenger traffic in Asia-Pacific. It has also created significant opportunities for developing regional aircraft and engine manufacturers by stimulating various companies to invest in aircraft manufacturing activities. The rise in demand for newer and improved aircraft versions has resulted in a simultaneous requirement for aircraft gas turbine engines. Numerous airline operators are trying to collaborate with engine OEMs to receive superior MRO and after-services. For instance, Airbus has already realized the potential of the MRO market and has put in efforts to accelerate its presence in Asia-Pacific through acquisitions, joint ventures (JVs), and partnerships.
Other international engine suppliers will be required to maintain an adequate supply of engines and associated components, as these developments will promote the regional market during the forecast period. For instance, In June 2023, India and the US announced the agreement between Hindustan Aeronautics Limited (HAL) and GE Aerospace to produce fighter jet engines for the Indian Air Force (IAF). The deal takes place in the context of efforts by the IAF to improve its capabilities and capacities. The IAF procures 114 multi-role fighter jets (MRFA), acquiring additional Light Combat Aircraft (LCA) Mk1A and LCA Mk2. GE's F404 engines power India's only indigenous fighter jet, LCA Tejas. GE has manufactured 75 F404 engines, and another 99 are on order with LCA Mk1A. In the ongoing development program for LCA Mk2, 8 F414 engines have been supplied.
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Aircraft Turbine Engine Industry Overview
The aircraft turbine engine market is semi-consolidated and characterized by many global vendors. CFM International, General Electric Company, Pratt & Whitney (RTX Corporation), Rolls-Royce plc, and Safran are five major companies in the market that compete in terms of availability, quality, price, and technology.
The market is highly competitive, with all the players competing to gain the largest market share. Grounding of fleets due to technical issues, high production costs, delays in engine deliveries, and fluctuations in customs and import duties are the key factors that threaten the market's growth. Vendors must provide advanced, high-quality gas turbine engines to survive and succeed in the competitive market.
In-house manufacturing capabilities, a global footprint network, product offerings, R&D investments, and a solid client base are the key areas that give you an edge over competitors. Improving global economic conditions is expected to fuel market growth during the forecast period, making it an ideal time to adopt new-generation aircraft and engines.
The competitive environment in the market is likely to intensify further due to an increase in product and service extensions, technological innovations, and mergers and acquisitions. For instance, in November 2021, Materialize and Proponent announced a partnership to expand the profile of 3D printing in aerospace aftermarket supply chains. Proponent offers traditional distribution services to airlines, MROs, Original Equipment Manufacturers, and Innovative Product Portfolios. The firm delivers 54 million parts annually to approximately 6,000 aircraft clients in more than 100 countries through its global coverage. These companies offer aftermarket parts like engines, airframes, cabin interiors, and cockpits.
Aircraft Turbine Engine Market Leaders
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Rolls-Royce plc
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CFM International
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Safran
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General Electric Company
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Pratt & Whitney (RTX Corporation)
- *Disclaimer: Major Players sorted in no particular order
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Aircraft Turbine Engine Market News
In October 2023, Sikorsky (Lockheed Martin Company) is in the process of installing a new Improved Turbine IITP aboard its Raider X aircraft for the US Army. The Raider X aircraft is built for the Future Attack Reconnaissance (FARA) program. Sikorsky's engineers and the US military have 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.
In 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 will support the Future Attack Reconnaissance Aircraft (FARA) Competitive Prototype program. The next-generation rotorcraft engines will power the UH-60 Black Hawk, AH-64 Apache and FARA.
Aircraft Turbine Engine Industry Segmentation
The scope of the study encompasses the turbine engines designed and integrated into both commercial and military aircraft and helicopters. Though the market projections exclude the sales of aftermarket parts and components, replacement sales of engines have been considered within the report's purview.
The aircraft turbine engine market is segmented by end-user, aircraft type, and geography. By end-user, the market is segmented into civil and commercial aviation and military aviation. By aircraft type, the market is segmented into fixed-wing and rotorcraft. The report also covers the market sizes and forecasts for the aircraft turbine engine market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| End-user | Civil and Commercial Aviation | ||
| Military Aviation | |||
| Aircraft Type | Fixed-wing | ||
| Rotorcraft | |||
| Geography | North America | United States | |
| Canada | |||
| Europe | United Kingdom | ||
| France | |||
| Germany | |||
| Russia | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Japan | |||
| South Korea | |||
| Singapore | |||
| Rest of Asia-Pacific | |||
| Latin America | Brazil | ||
| Rest of Latin America | |||
| Middle-East and Africa | Saudi Arabia | ||
| Egypt | |||
| Israel | |||
| South Africa | |||
| Rest of Middle-East and Africa | |||
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Aircraft Turbine Engine Market Research FAQs
How big is the Aircraft Turbine Engine Market?
The Aircraft Turbine Engine Market size is expected to reach USD 62.66 billion in 2025 and grow at a CAGR of 10.26% to reach USD 102.11 billion by 2030.
What is the current Aircraft Turbine Engine Market size?
In 2025, the Aircraft Turbine Engine Market size is expected to reach USD 62.66 billion.
Who are the key players in Aircraft Turbine Engine Market?
Rolls-Royce plc, CFM International, Safran, General Electric Company and Pratt & Whitney (RTX Corporation) are the major companies operating in the Aircraft Turbine Engine Market.
Which is the fastest growing region in Aircraft Turbine Engine 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 Turbine Engine Market?
In 2025, the Europe accounts for the largest market share in Aircraft Turbine Engine Market.
What years does this Aircraft Turbine Engine Market cover, and what was the market size in 2024?
In 2024, the Aircraft Turbine Engine Market size was estimated at USD 56.23 billion. The report covers the Aircraft Turbine Engine Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Aircraft Turbine Engine Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Aircraft Turbine Engine Industry Report
Statistics for the 2025 Aircraft Turbine Engine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft Turbine 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.
