Market Summary
Research Methodology on Aircraft Turbofan Engine Market
Abstract
This research study aims to provide a comprehensive analysis of the aircraft turbofan engine market across the world. The report provides an extensive assessment of the industry trends, opportunities, and challenges impacting the market dynamics of the aircraft turbofan engine market. Up-to-date analysis of the market capacity and demand drivers, drivers and constraints, growth prospects, technological advancements, and product developments are included to provide a better understanding of the major players in the current market. The study also evaluates the pricing strategies of the major players in the industry and their market share.
Research Methodology
This research study on the aircraft turbofan engine market employed a comprehensive research methodology to provide an in-depth assessment of the industry trends, opportunities, and challenges impacting the market dynamics of the aircraft turbofan engine market. The components of the research methodology include primary and secondary research. The primary research consists of interviews with industry experts and market participants, while the secondary research involves a deep dive into industry publications, reports, whitepapers, annual reports, and other sources of information related to the aircraft turbofan engine market.
The primary objective of the research was to understand the structure of the aircraft turbofan engine market and the market trends to gain a comprehensive view of market dynamics. The comprehensive primary interviews have been conducted to analyze the opinion and feedback of the industry experts. The secondary research provides an understanding of market growth estimates, segmentation analysis, applicable regulations, and supply chain analysis.
A top-down approach is used to analyze the various segments, including age, gender, and geography. The market sizing is done based on production volume and next-generation systems. In the next-generation systems, the overall growth of the aircraft turbofan engine market for the forecast period (2023 to 2030) has been evaluated at a compound annual growth rate (CAGR). A key insight report with market forecasts has been included, which provides an estimate of the market size and future growth prospects of the aircraft turbofan engine market.
The research methodology involves extrapolation of the data from the primary and secondary sources. The market size of the aircraft turbofan engine market is calculated using a proprietary model. The proprietary model is used to calculate the market size of the aircraft turbofan engine market by combining the top-down and bottom-up methodologies.
Finally, the data analysis and validation process is used to calculate the market size and the forecast of the market size. The validation process used included cross-checking the primary and secondary data and assessing the reliability of the source of information. All the stakeholders involved in the aerospace industry are considered while analysing the market size.
Overall, a multi-layered research methodology is used to estimate the market size of the aircraft turbofan engine market. The research process includes primary interviews, a deep dive into industry publications, reports, whitepapers, annual reports, and other sources of information related to the aircraft turbofan engine market. The market sizing is done with the help of a proprietary model. Finally, the data analysis and validation process is used to calculate the market size and the forecast of the market size. This research methodology has helped to provide an accurate estimate of the market size and its future potential.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 2.9 billion |
Market Size 2024 | USD 3.11315 billion |
Market Size 2032 | USD 4.76444 billion |
Compound Annual Growth Rate (CAGR) | 7.35% (2023-2030) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Turbofan Engine, Aircraft Type, Application, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Pratt & Whitney (U.S.), G.E. Aviation (U.S.), Rolls Royce (U.K.), CFM International (U.S.), Honeywell International (U.K.), EuroJet (U.S.), Aviadvigatel (Russia), Safran Aircraft Engines (France), International Aero Engines AG (U.S.), MTU Aero Engines (Germany), Engine Alliance (U.S.) |
Key Market Opportunities | · The high volume of commercial aircraft deliveries |
Key Market Dynamics | · The increase in domestic passenger demand |
Major Players
ircraft Turbofan Engine Turbofan Engine Market Segmentation
Aircraft Turbofan Engine Turbofan Engine Outlook (USD Billion, 2019-2030)
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Aircraft Turbofan Engine Aircraft Type Outlook (USD Billion, 2019-2030)
Wide body
Narrow body
Others
Aircraft Turbofan Engine Application Outlook (USD Billion, 2019-2030)
Military Aviation
Commercial Air transport
Aircraft Turbofan Engine Regional Outlook (USD Billion, 2019-2030)
North America Outlook (USD Billion, 2019-2030)
North America Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
North America Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
North America Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
US Outlook (USD Billion, 2019-2030)
US Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
US Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
US Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
CANADA Outlook (USD Billion, 2019-2030)
CANADA Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
CANADA Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
CANADA Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Europe Outlook (USD Billion, 2019-2030)
Europe Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Europe Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Europe Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Germany Outlook (USD Billion, 2019-2030)
Germany Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Germany Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Germany Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
France Outlook (USD Billion, 2019-2030)
France Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
France Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
France Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
UK Outlook (USD Billion, 2019-2030)
UK Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
UK Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
UK Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
ITALY Outlook (USD Billion, 2019-2030)
ITALY Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
ITALY Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
ITALY Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
SPAIN Outlook (USD Billion, 2019-2030)
Spain Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Spain Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Spain Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Rest of Europe Outlook (USD Billion, 2019-2030)
Rest of Europe Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
REST OF EUROPE Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
REST OF EUROPE Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Asia-Pacific Outlook (USD Billion, 2019-2030)
Asia-Pacific Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Asia-Pacific Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Asia-Pacific Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
China Outlook (USD Billion, 2019-2030)
China Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
Others
China Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
China Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Japan Outlook (USD Billion, 2019-2030)
Japan Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Japan Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Japan Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
India Outlook (USD Billion, 2019-2030)
India Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
India Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
India Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Australia Outlook (USD Billion, 2019-2030)
Australia Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Australia Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Australia Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Rest of Asia-Pacific Outlook (USD Billion, 2019-2030)
Rest of Asia-Pacific Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Rest of Asia-Pacific Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Rest of Asia-Pacific Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Rest of the World Outlook (USD Billion, 2019-2030)
Rest of the World Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Rest of the World Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Rest of the World Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Middle East Outlook (USD Billion, 2019-2030)
Middle East Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Middle East Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Middle East Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Africa Outlook (USD Billion, 2019-2030)
Africa Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Africa Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Africa Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Latin America Outlook (USD Billion, 2019-2030)
Latin America Aircraft Turbofan Engine by Turbofan Engine
PW1000
F414
V2500
PW4000
CFM56
CFM LeapX
GP7000
GEnx
Trent 1000
F135
Latin America Aircraft Turbofan Engine by Aircraft Type
Wide body
Narrow body
Others
Latin America Aircraft Turbofan Engine by Application
Military Aviation
Commercial Air transport
Leave a Comment