The global Aircraft Engine Market is expected to grow at a growth rate of around 9% during the forecast period 2022-2028.

The aircraft engine market is set for significant growth, with a projected compound annual growth rate (CAGR) of approximately 9% between 2022 and 2028, according to a new report by UnivDatos. This growth is driven by increased demand for commercial air travel, military aircraft modernization, and the rise of unmanned aerial vehicles (UAVs).

Market Drivers and Trends

Aircraft engines—vital components that generate mechanical power for flight—are evolving with technological advancements and rising demand for fuel-efficient, lower-emission solutions. Traditional piston and gas turbine engines remain dominant, but innovation is driving shifts toward hybrid technologies.

Several key factors are boosting market momentum:

Rising aircraft production: Driven by commercial fleet expansion and defense procurement.

Increased UAV adoption: Both military and commercial sectors are increasingly deploying UAVs for surveillance, logistics, and intelligence.

Efficiency focus: Airlines and defense operators seek engines that reduce fuel costs and carbon footprints.

Strategic partnerships: Notable collaborations, such as GE Aerospace’s multi-year contract with Tata Advanced, highlight efforts to build resilient supply chains and advanced components.

Impact of COVID-19

The pandemic severely disrupted aviation, grounding fleets and slashing revenue. ICAO reported a staggering USD 372 billion loss for the airline industry. While recovery is ongoing, the long-term outlook for engine demand remains positive as the industry rebounds and adapts to post-pandemic travel patterns.

Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/aircraft-engine-market?popup=report-enquiry

Market Segmentation

The report segments the market by type, component, platform, technology, and geography:

Type: Includes turboprop, turbofan, turboshaft, and piston engines.

Component: Covers compressors, turbines, gearboxes, exhaust and fuel systems, and more.

Platform: Fixed-wing aircraft dominate, driven by high speed, operational efficiency, and data security benefits. Rotary-wing and UAV platforms are also growing in importance.

Technology: Conventional engines currently lead the market, especially in military and commercial fleets. However, hybrid engine technologies are gaining ground and are expected to grow faster over the coming years.

Regional Insights

Asia-Pacific is expected to lead growth, supported by rising defense budgets and military modernization programs. For example, India allocated 39% of its 2021 defense budget to the Air Force, focusing on indigenously building aircraft.

North America and Europe continue to hold strong positions due to technological leadership, established aerospace industries, and defense expenditures.

Rest of the World regions are gradually increasing investment in aviation infrastructure and defense modernization.

These players focus on innovation, hybrid engine development, and advanced propulsion technologies to maintain competitive advantage.

Click here to view the Report Description & TOC: https://univdatos.com/reports/aircraft-engine-market

Competitive Landscape

The global aircraft engine market is characterized by high competition, strategic mergers, product launches, and long-term supply agreements. Continuous innovation and regional partnerships are shaping the future of the market.

Key Questions Addressed

What technological trends are reshaping the aircraft engine landscape?

Which factors are propelling or hindering market growth?

What are the major challenges and risks in the global market?

Which regions are expected to see the highest growth?

What are the top strategies adopted by leading market players?

About UnivDatos

UnivDatos is a dynamic market research company offering high-quality data, insights, and customized reports across global markets. We specialize in Market Intelligence Reports, Tailored Business Research, and Primary Research. Our reach extends across over 100 countries and industries.

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