Jet Engine Trends and Forecast
The future of the global jet engine market looks promising with opportunities in the military aviation and civil aviation markets. The global jet engine market is expected to reach an estimated $109 billion by 2030 with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are rising demand for air travel, growing usage AI and ML to streamline production in the jet manufacturing industry, and innovation in technology to increase engine operating efficiency.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Jet Engine by Segment
The study includes a forecast for the global jet engine by type, application, and region.
Jet Engine Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Turbofan Engine
• Turbojet Engine
Jet Engine Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Military Aviation
• Civil Aviation
Jet Engine Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Jet Engine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies jet engine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the jet engine companies profiled in this report include-
• Pratt & Whitney
• Roll Royce
• Kawasaki
• Williams International
• PBS Group
• Safran Group
• GE Honda Aero Engines,
• IHI Corporation
• MTU Aeroengines
• Honeywell Corporation
Jet Engine Market Insights
Lucintel forecasts that turbofan engine will remain the larger segment over the forecast period.
Within this market, civil aviation will remain the larger segment.
North America will remain the largest region over the forecast period.
Features of the Global Jet Engine Market
Market Size Estimates: Jet engine market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Jet engine market size by type, application, and region in terms of value ($B).
Regional Analysis: Jet engine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the jet engine market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the jet engine market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the jet engine market size?
Answer: The global jet engine market is expected to reach an estimated $109 billion by 2030.
Q2. What is the growth forecast for jet engine market?
Answer: The global jet engine market is expected to grow with a CAGR of 8.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the jet engine market?
Answer: The major drivers for this market are rising demand for air travel, growing usage AI and ML to streamline production in the jet manufacturing industry, and innovation in technology to increase engine operating efficiency.
Q4. What are the major segments for jet engine market?
Answer: The future of the global jet engine market looks promising with opportunities in the military aviation and civil aviation markets.
Q5. Who are the key jet engine market companies?
Answer: Some of the key jet engine companies are as follows:
• Pratt & Whitney
• Roll Royce
• Kawasaki
• Williams International
• PBS Group
• Safran Group
• GE Honda Aero Engines,
• IHI Corporation
• MTU Aeroengines
• Honeywell Corporation
Q6. Which jet engine market segment will be the largest in future?
Answer: Lucintel forecasts that turbofan engine will remain the larger segment over the forecast period.
Q7. In jet engine market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the jet engine market by type (turbofan engine and turbojet engine), application (military aviation and civil aviation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Jet Engine Market, Jet Engine Market Size, Jet Engine Market Growth, Jet Engine Market Analysis, Jet Engine Market Report, Jet Engine Market Share, Jet Engine Market Trends, Jet Engine Market Forecast, Jet Engine Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.