Global Aircraft Engine Market: Trends, Forecasts, and Insights 2024-2030
Aircraft Engine Market Summary The global aircraft engine market size was estimated at USD 56,278.5 million in 2023 and is projected to reach USD 112,096.8 million by 2030, growing at a CAGR of 10.3% from 2024 to 2030. There is an increasing demand for fuel-efficient, environmentally friendly engines. Key Market Trends & Insights In terms of region, North America was the largest revenue generating market in 2023. In terms of segment, turboprop accounted for a revenue of USD 56,278.5 million in 2023. Turboprop is the most lucrative engine segment registering the fastest growth during the forecast period. Market Size & Forecast 2023 Market Size: USD 56,278.5 Million 2030 Projected Market Size: USD 112,096.8 Million CAGR (2024-2030): 10.3% North America: Largest market in 2023 As airlines strive to reduce operational costs and meet stringent emissions regulations, there is a growing preference for engines that offer better fuel efficiency and lower ca...