HOME Top Market Reports Aircraft Engines Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Application (Military Aviation, Commercial Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2022

Aircraft Engines Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Application (Military Aviation, Commercial Aviation, General Aviation), Platform (Fixed Wing, Rotary Wing), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: AS 5328

 

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The aircraft engines market is projected to grow from an estimated USD 68.05 Billion in 2017 to USD 92.38 Billion by 2022, at a CAGR of 5.23% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Objectives of the Study:

The report analyzes the aircraft engines market based on engine type (turboprop, turbofan, turboshaft, and piston engine), application (commercial, military, and general aviation), and platform (fixed wing and rotary wing); and maps these segments and subsegments across major regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW).

The report provides in-depth market intelligence regarding the aircraft engines market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market, along with an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market.

The report also covers competitive developments, such as long-term contracts, new product launches and developments, and research & development activities in the aircraft engines market, in addition to business and corporate strategies adopted by the key market players.

Research Methodology:

Market size estimation for various segments and subsegments of the aircraft engines market has been arrived at through extensive secondary research sources such as Airbus and Boeing Aircraft Market Outlook, Federal Aviation Administration (FAA), and International Air Transport Association (IATA), as well as annual reports and publications, among others, and in corroboration with primaries. Further market triangulation has been done with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire the final quantitative and qualitative data. This data is consolidated with detailed inputs and analysis from MarketsandMarkets, and presented in this report.

The breakdown of profiles of primaries is depicted in the figure given below:

Aircraft Engine Market

To know about the assumptions considered for the study, download the pdf brochure

The aircraft engines market ecosystem comprises engine manufacturers, such as General Electric Aviation (U.S.), United Technologies Corporation (U.S.), General Aviation (U.S.), Safran SA (France), and Rolls Royce Holdings PLC (U.K.), among others. The major customers of the aircraft engines are the airlines and military.

Key Target Audience

  • Aircraft Engines Manufacturers
  • Engines Parts Manufacturers
  • MRO Service Providers and Engine Distributors

Scope of the Report

This research report categorizes the aircraft engines market into the following segments and subsegments:

  • Aircraft Engines Market, By Type
    • Turboprop Engine
    • Turbofan Engine
    • Turboshaft Engine
    • Piston Engine
  • Aircraft Engines Market, By Application
    • Commercial Aviation
    • Military Aviation
    • General Aviation
  • Aircraft Engines Market, By Platform
    • Fixed Wing
    • Rotary Wing
  • Aircraft Engines Market, By Region
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

Customizations available for the report:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the company. The following customization options are available for the report:

  • Company Information
    • Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Study Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Indicators
                    2.2.2.1 Increase in Air Passenger Traffic
           2.2.3 Supply-Side Indicators
                    2.2.3.1 Advancements in Manufacturing and Servicing With the Help of Information Technology
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Market
    4.2 Market for Commercial Aviation, By Aircraft Type
    4.3 Market, By Application
    4.4 Market, By Type
    4.5 Market, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Covered
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 By Aircraft Type
           5.2.4 By Platform
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Aircraft Orders
                    5.3.1.2 Increasing Demand for Fuel-Efficient Engines
           5.3.2 Restraints
                    5.3.2.1 Long Life Cycle of Aircraft Engines
                    5.3.2.2 Existing Backlogs in Aircraft Deliveries
           5.3.3 Opportunities
                    5.3.3.1 Emergence of Aircraft Manufacturers in Asia-Pacific and Latin America
                    5.3.3.2 Increase in Demand for Lightweight Aircraft Engines
           5.3.4 Challenges
                    5.3.4.1 High Cost Associated With New Technology
                    5.3.4.2 Stringent Regulatory Norms

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Aircraft Engines: Evolution Timeline
    6.3 Mapping of Commercial Aircraft Their Engine Type and Use
    6.4 List of Commercial Aircraft and Number of Engines Required
    6.5 Mapping of Engine Models and Their Applications
    6.6 Airline Specific Engine Industry Trends
    6.7 Technology Trends
           6.7.1 Purepower Engines
           6.7.2 Adaptive Versatile Engine Technology (Advent)
           6.7.3 3D-Printed Parts for Aircraft Engine
    6.8 Innovations and Patents Registrations

7 Aircraft Engines Market, By Type (Page No. - 55)
    7.1 Introduction
    7.2 Turboprop
           7.2.1 Regional Transport Aircraft
           7.2.2 Military Transport Aircraft
           7.2.3 Ultralight Aircraft
    7.3 Turbofan
           7.3.1 Narrow Body Aircraft
           7.3.2 Wide Body Aircraft
           7.3.3 Very Large Aircraft
           7.3.4 Regional Transport Aircraft
           7.3.5 Business Jets
           7.3.6 Fighter Jets
           7.3.7 Military Transport Aircraft
    7.4 Turboshaft
           7.4.1 Business Helicopters
           7.4.2 Military Helicopters
    7.5 Piston Engine
           7.5.1 Ultralight Aircraft

8 Aircraft Engines Market, By Platform (Page No. - 61)
    8.1 Introduction
           8.1.1 Fixed Wing
           8.1.2 Rotary Wing

9 Aircraft Engines Market, By Application (Page No. - 65)
    9.1 Introduction
    9.2 Commercial Aviation
           9.2.1 Narrow Body Aircraft
           9.2.2 Wide Body Aircraft
           9.2.3 Very Large Aircraft
           9.2.4 Regional Transport Aircraft
    9.3 General Aviation
           9.3.1 Business Jets
           9.3.2 Business Helicopters
           9.3.3 Ultralight Aircrafts
    9.4 Military Aviation
           9.4.1 Fighter Jets
           9.4.2 Transport Aircraft
           9.4.3 Military Helicopter

10 Regional Analysis (Page No. - 74)
     10.1 Introduction
     10.2 North America
             10.2.1 By Type
             10.2.2 By Platform
             10.2.3 By Application
                        10.2.3.1 By Aircraft Type
             10.2.4 By Country
                        10.2.4.1 U.S.
                                     10.2.4.1.1 By Type
                                     10.2.4.1.2 By Platform
                                     10.2.4.1.3 By Application
                                                    10.2.4.1.3.1 By Aircraft Type
                        10.2.4.2 Canada
                                     10.2.4.2.1 By Type
                                     10.2.4.2.2 By Application
                                                    10.2.4.2.2.1 By Aircraft Type
     10.3 Europe
             10.3.1 By Type
             10.3.2 By Platform
             10.3.3 By Application
                        10.3.3.1 By Aircraft Type
             10.3.4 By Country
                        10.3.4.1 France
                                     10.3.4.1.1 By Type
                                     10.3.4.1.2 By Platform
                                     10.3.4.1.3 By Application
                                                    10.3.4.1.3.1 By Aircraft Type
                        10.3.4.2 Germany
                                     10.3.4.2.1 By Type
                                     10.3.4.2.2 By Application
                        10.3.4.3 Italy
                                     10.3.4.3.1 By Type
                                     10.3.4.3.2 By Platform
                                     10.3.4.3.3 By Application
                        10.3.4.4 U.K.
                                     10.3.4.4.1 By Type
                                     10.3.4.4.2 By Platform
                                     10.3.4.4.3 By Application
                        10.3.4.5 Rest of Europe
                                     10.3.4.5.1 By Type
                                     10.3.4.5.2 By Application
     10.4 Asia-Pacific
             10.4.1 By Type
             10.4.2 By Platform
             10.4.3 By Application
                        10.4.3.1 By Aircraft Type
             10.4.4 By Country
                        10.4.4.1 Russia
                                     10.4.4.1.1 By Type
                                     10.4.4.1.2 By Platform
                                     10.4.4.1.3 By Application
                                                    10.4.4.1.3.1 By Aircraft Type
                        10.4.4.2 China
                                     10.4.4.2.1 By Type
                                     10.4.4.2.2 By Platform
                                     10.4.4.2.3 By Application
                                                    10.4.4.2.3.1 By Aircraft Type
                        10.4.4.3 India
                                     10.4.4.3.1 By Type
                                     10.4.4.3.2 By Platform
                                     10.4.4.3.3 By Application
                        10.4.4.4 Japan
                                     10.4.4.4.1 By Type
                                     10.4.4.4.2 By Platform
                                     10.4.4.4.3 By Application
                                                    10.4.4.4.3.1 By Aircraft Type
                        10.4.4.5 Rest of APAC
                                     10.4.4.5.1 By Type
                                     10.4.4.5.2 By Platform
                                     10.4.4.5.3 By Application
     10.5 Rest of the World
             10.5.1 By Type
             10.5.2 By Platform
             10.5.3 By Application
                        10.5.3.1 By Aircraft Type
             10.5.4 By Country
                        10.5.4.1 Brazil
                                     10.5.4.1.1 By Type
                                     10.5.4.1.2 By Platform
                                     10.5.4.1.3 By Application
                                                    10.5.4.1.3.1 By Aircraft Type
                        10.5.4.2 Israel
                                     10.5.4.2.1 By Type
                                     10.5.4.2.2 By Platform
                                     10.5.4.2.3 By Application

11 Competitive Landscape (Page No. - 108)
     11.1 Vendor Dive Overview
             11.1.1 Vanguards
             11.1.2 Innovators
             11.1.3 Dynamic Players
             11.1.4 Emerging Players
     11.2 Competitive Benchmarking
             11.2.1 Product Portfolio Analysis of Aircraft Engines Market
             11.2.2 Business Strategies Adopted By Players in Aircraft Engines Market
             11.2.3 Market Share Analysis

12 Company Profiles (Page No. - 113)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 General Electric Co.
     12.2 CFM International SA
     12.3 Rolls-Royce Holdings PLC.
     12.4 United Technologies Corporation
     12.5 International Aero Engines AG
     12.6 Safran SA
     12.7 Honeywell International Inc.
     12.8 Engine Alliance LLC
     12.9 Textron, Inc.
     12.10 MTU Aero Engines AG

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

13 Appendix (Page No. - 142)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (95 Tables)

Table 1 Order Backlogs of Top Aircraft Manufacturers
Table 2 Mapping of Commercial Aircraft and Engine Type
Table 3 List of Commercial Aircraft and No. of Engines Required
Table 4 Mapping of Engine Models and Their Applications
Table 5 Airlines Industry Trends W.R.T Aircraft Engine
Table 6 Aircraft Engines Market Size, By Engine Type, 2015-2022 (USD Billion)
Table 7 Aircraft Engines for Turboprop, By Region, 2015-2022 (USD Million)
Table 8 Aircraft Engines for Turbofan, By Region, 2015-2022 (USD Billion)
Table 9 Aircraft Engines for Turboshaft, By Region, 2015-2022 (USD Million)
Table 10 Aircraft Engines for Piston Engine, By Region, 2015-2022 (USD Million)
Table 11 Aircraft Turbofan Engines Market Volume, By Aircraft Type, 2015-2022 ( Units)
Table 12 Aircraft Turboprop Engines Market Volume, By Aircraft Type, 2015-2022 ( Units)
Table 13 Aircraft Turboshaft Engines Market Volume, By Aircraft Type, 2015-2022 ( Units)
Table 14 Aircraft Piston Engines Market Volume, By Aircraft Type, 2015-2022 ( Units)
Table 15 Aircraft Engines Market, By Platform, 2015-2022 (USD Billion)
Table 16 Aircraft Engines for Fixed Wing, By Region, 2015-2022 (USD Billion)
Table 17 Aircraft Engines for Rotary Wing, By Region, 2015-2022 (USD Billion)
Table 18 Aircraft Engines Market Size, By Application, 2015-2022 (USD Billion)
Table 19 Aircraft Engines for Commercial Aviation, By Region, 2015-2022 (USD Billion)
Table 20 Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Billion)
Table 21 Commercial Aviation Aircraft Engines for Narrow Body Aircraft, By Region, 2015-2022 (USD Billion)
Table 22 Commercial Aviation Aircraft Engines for Wide Body Aircraft, By Region, 2015-2022 (USD Billion)
Table 23 Commercial Aviation Aircraft Engines for Very Large Aircraft, By Region, 2015-2022 (USD Billion)
Table 24 Commercial Aviation Aircraft Engines for Regional Transport Aircraft, By Region, 2015-2022 (USD Billion)
Table 25 Aircraft Engines for General Aviation, By Region, 2015-2022 (USD Million)
Table 26 General Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Billion)
Table 27 Aircraft Engines for Military Aviation, By Region, 2015-2022 (USD Billion)
Table 28 Military Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Billion)
Table 29 Aircraft Engines Market Size, By Region, 2015-2022 (USD Billion)
Table 30 North America: Market Size, By Type, 2015-2022 (USD Million)
Table 31 North America: Market Size, By Platform, 2015-2022 (USD Million)
Table 32 North America: Market Size, By Application, 2015-2022 (USD Million)
Table 33 North America: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 34 North America: Aircraft Engines Market Size, By Country, 2015-2022 (USD Million)
Table 35 U.S.: Market Size, By Type, 2015-2022 (USD Million)
Table 36 U.S.: Market Size, By Platform, 2015-2022 (USD Million)
Table 37 U.S.: Market Size, By Application, 2015-2022 (USD Million)
Table 38 U.S.: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 39 Canada: Market Size, By Type, 2015-2022 (USD Million)
Table 40 Canada: Market Size, By Application, 2015-2022 (USD Million)
Table 41 Canada: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 42 Europe: Market Size, By Type, 2015-2022 (USD Million)
Table 43 Europe: Market Size, By Platform, 2015-2022 (USD Million)
Table 44 Europe: Market Size, By Application, 2015-2022 (USD Million)
Table 45 Europe: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 46 Europe: Market Size, By Country, 2015-2022 (USD Million)
Table 47 France: Market Size, By Type, 2015-2022 (USD Million)
Table 48 France: Market Size, By Platform, 2015-2022 (USD Million)
Table 49 France: Market Size, By Application, 2015-2022 (USD Million)
Table 50 France: Commercial Aviation Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 51 Germany: Market Size, By Type, 2015-2022 (USD Million)
Table 52 Germany: Market Size, By Application, 2015-2022 (USD Million)
Table 53 Italy: Market Size, By Type, 2015-2022 (USD Million)
Table 54 Italy: Market Size, By Platform, 2015-2022 (USD Million)
Table 55 Italy: Market Size, By Application, 2015-2022 (USD Million)
Table 56 U.K.: Market Size, By Type, 2015-2022 (USD Million)
Table 57 U.K.: Market Size, By Platform, 2015-2022 (USD Million)
Table 58 U.K.: Market Size, By Application, 2015-2022 (USD Million)
Table 59 Rest of Europe: Market Size, By Type, 2015-2022 (USD Million)
Table 60 Rest of Europe: Market Size, By Application, 2015-2022 (USD Million)
Table 61 Asia-Pacific: Market Size, By Type, 2015-2022 (USD Million)
Table 62 Asia-Pacific: Market Size, By Platform, 2015-2022 (USD Million)
Table 63 Asia-Pacific: Market Size, By Application, 2015-2022 (USD Million)
Table 64 Asia-Pacific: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 65 Asia-Pacific: Market Size, By Country, 2015-2022 (USD Million)
Table 66 Russia: Market Size, By Type, 2015-2022 (USD Million)
Table 67 Russia: Market Size, By Platform, 2015-2022 (USD Million)
Table 68 Russia: Market Size, By Application, 2015-2022 (USD Million)
Table 69 Russia: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 70 China: Market Size, By Type, 2015-2022 (USD Million)
Table 71 China: Market Size, By Platform, 2015-2022 (USD Million)
Table 72 China: Market Size, By Application, 2015-2022 (USD Million)
Table 73 China: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 74 India: Market Size, By Type, 2015-2022 (USD Million)
Table 75 India: Market Size, By Platform, 2015-2022 (USD Million)
Table 76 India: Market Size, By Application, 2015-2022 (USD Million)
Table 77 Japan: Market Size, By Type, 2015-2022 (USD Million)
Table 78 Japan: Market Size, By Platform, 2015-2022 (USD Million)
Table 79 Japan: Market Size, By Application, 2015-2022 (USD Million)
Table 80 Japan: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 81 Rest of APAC: Market Size, By Type, 2015-2022 (USD Million)
Table 82 Rest of APAC: Market Size, By Platform, 2015-2022 (USD Million)
Table 83 Rest of APAC: Market Size, By Application, 2015-2022 (USD Million)
Table 84 Rest of the World: Market Size, By Type, 2015-2022 (USD Million)
Table 85 Rest of the World: Market Size, By Platform, 2015-2022 (USD Million)
Table 86 Rest of the World: Market Size, By Application, 2015-2022 (USD Million)
Table 87 Rest of the World: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 88 Rest of the World: Market Size, By Country, 2015-2022 (USD Million)
Table 89 Brazil: Market Size, By Type, 2015-2022 (USD Million)
Table 90 Brazil: Market Size, By Platform, 2015-2022 (USD Million)
Table 91 Brazil: Market Size, By Application, 2015-2022 (USD Million)
Table 92 Brazil: Commercial Aviation Aircraft Engines Market Size, By Aircraft Type, 2015-2022 (USD Million)
Table 93 Israel: Market Size, By Type, 2015-2022 (USD Million)
Table 94 Israel: Market Size, By Platform, 2015-2022 (USD Million)
Table 95 Israel: Market Size, By Application, 2015-2022 (USD Million)
 
 
List of Figures (41 Figures)
 
Figure 1 Aircraft Engines Market: Market Segmentation
Figure 2 Aircraft Engines Market: Research Design
Figure 3 Research Flow
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Global Passenger Air Travel (In Million), 2004-2015
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Research Assumptions
Figure 10 Fixed Wing Platform Segment is Projected to Lead the Market During the Forecast Period
Figure 11 Aircraft Engine Market Share, By Engine Type, 2017
Figure 12 Market in Asia-Pacific Region is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 13 The Increasing Number of Aircraft Deliveries is Expected to Propel the Growth of the Market From 2017 to 2022
Figure 14 Narrow Body Aircraft Segment is Estimated to Be the Largest Aircraft Type Segment During the Forecast Period
Figure 15 Commercial Segment is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 16 Turbofan Segment is Estimated to Have the Largest Market Size in 2017
Figure 17 Market in Asia-Pacific is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Aircraft Engines Market Covered
Figure 19 Aircraft Engines Market: By Type
Figure 20 Aircraft Engines Market, By Application
Figure 21 Aircraft Engines Market for Commercial Application, By Aircraft Type
Figure 22 Aircraft Engines Market, By Platform
Figure 23 Aircraft Engines: Market Dynamics
Figure 24 Expected Aircraft Orders From 2016 to 2035, By Region
Figure 25 Evolution of Aircraft Engine
Figure 26 Aircraft Engines Market Size, By Engine Type, 2017 & 2022 (USD Billion)
Figure 27 Aircraft Engines Market, By Platform, 2017 & 2022 (USD Billion)
Figure 28 Aircraft Engines Market Size, By Application, 2017 & 2022 (USD Billion)
Figure 29 Aircraft Engines Market: Regional Snapshot (2017)
Figure 30 North America Aircraft Engines Market Snapshot, 2017
Figure 31 Europe Aircraft Engines Market Snapshot, 2017
Figure 32 Asia-Pacific Aircraft Engines Market Snapshot, 2017
Figure 33 MnM Dive –Vendor Comparison Matrix
Figure 34 Aircraft Engines: Market Share Analysis 2016
Figure 35 General Electric Company: Company Snapshot
Figure 36 Rolls-Royce Holdings PLC: Company Snapshot
Figure 37 United Technologies Corporation: Company Snapshot
Figure 38 Safran SA: Company Snapshot
Figure 39 Honeywell International Inc.: Company Snapshot
Figure 40 Textron, Inc.: Company Snapshot
Figure 41 MTU Aero Engines AG: Company Snapshot

The aircraft engines market is projected to grow from an estimated USD 68.05 Billion in 2017 to USD 92.38 Billion by 2022, at a CAGR of 5.23% during the forecast period. This growth can be attributed to the increasing aircraft orders as a result of increasing air passenger traffic across the globe, which is the key factor driving the demand for aircraft engines. Airliners are opting for fuel-efficient and lightweight engines to replace old engines in their aircraft.

The market has been segmented based on engine type, application, platform, and region. Based on engine type, the market has been segmented into turboprop, turbofan, turboshaft, and piston engine. The turbofan engine segment is expected to witness the highest growth during the forecast period, as airlines are focusing on increasing fuel economy which is provided by these engines. This factor is expected to drive the turbofan engine segment.

Based on application, the market has been segmented into commercial, military, and general aviation. The commercial segment is expected to witness the highest growth during the forecast period. The increase in the number of passengers has propelled the demand for new commercial aircraft from airlines. This has resulted in the growth of this segment.

The geographical analysis of the aircraft engines market includes regions North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North American region is estimated to have accounted for the largest share of the market in 2017. The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, supported by the increase in passenger traffic and aircraft in countries such as India and China, among others in the region.

Aircraft Engine Market

The existing backlogs in aircraft deliveries can act as a restraint in the growth of the aircraft engines market. Limited manufacturing capacity of major aircraft manufacturing companies has led to a large backlog of aircraft deliveries.

Products offered by various companies in the aircraft engines market have been listed in the report. The recent developments section of the report includes recent and important developments by various companies between 2014 and 2017. Major companies profiled in the report include General Electric Aviation (U.S.), United Technologies Corporation (U.S.), Safran SA (France), General Aviation (U.S.) and Rolls Royce Holdings PLC (U.K.), among others. Contracts accounted for a major share of the total growth strategies adopted by the leading players in the market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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