USD 291.3 million
Aircraft and Marine Turbochargers Market Size, Share, and Growth Analysis
Aircraft and Marine Turbochargers Market By Component (Compressor, Shaft), By Platform (Aircraft, Marine), By Turbocharger (Single Turbocharger, Twin-Turbocharger), By Engine Type, By Fuel Type, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2282 |
Region:
Global |
Published Date: January, 2025
Pages:
220
|Tables:
125
|Figures:
73
Format -
Aircraft and Marine Turbochargers Market Insights
Global Aircraft and Marine Turbochargers Market size was valued at USD 291.3 million in 2023 and is poised to grow from USD 297.27 million in 2024 to USD 347.76 million by 2032, growing at a CAGR of 1.98% during the forecast period (2025-2032).
Turbochargers play an important role in all aircraft engines. When an aircraft is at high altitude, the surrounding air can lose pressure quickly. During that time, the turbochargers compress the air back to normal pressure in a fraction of a second. Additionally, this process is called turbo-normalization or pressure boosting, also known as turbocharging, so the engine is able to produce rated power at a higher altitude and consequently this characteristic is important in aircraft propulsion. However, turbochargers are used in large ships and cruise ship engines to increase engine power and power-to-weight ratio.
Growth in shipbuilding and increase in commercial activities at sea will boost marine turbocharger market share during the forecast period. The increasing demand for the product can be attributed to a variety of factors, including increased energy efficiency and lower emissions. The use of new generation electric boats is expected to increase with increasing economic growth and higher consumer spending.
The adoption of the product will help by increasing shipbuilders’ requirements for higher efficiency engine turbochargers to meet EEDI targets and IMO standards. Advanced marine turbochargers are increasingly important as they provide performance an increase with higher pressure coefficients and reduce environmental impact. Also, strong military growth will encourage deployment of military vessels, boosting the marine turbocharger industry's growth. Furthermore, advanced tools such as ANSYS and FEA methods provide different development options in turbochargers, allowing for later modifications.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Single Turbo
Fastest Growth
Twin Turbo
Growth Rate
1.98% CAGR
Global Aircraft and Marine Turbochargers Market ($ Bn)
Country Share for North America Region (%)
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Aircraft and Marine Turbochargers Market Segments Analysis
Global Aircraft and Marine Turbochargers Market is segmented by Component, Platform, Turbocharger, Engine Type, Fuel Type, Application and region. Based on Component, the market is segmented into Compressor, Shaft and Turbine. Based on Platform, the market is segmented into Aircraft, Marine and UAVs. Based on Turbocharger, the market is segmented into Single Turbocharger, Twin-Turbocharger and Variable Geometry Turbocharger. Based on Engine Type, the market is segmented into Internal Combustion Engine, Gas Turbine Engine and Diesel Engine. Based on Fuel Type, the market is segmented into Aviation Fuel, Marine Fuel and Biofuel. Based on Application, the market is segmented into Commercial Aviation, Military Aviation, Maritime Vessels and Light Aircraft. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Technology
The single turbo segment held the largest market share in aviation and marine turbochargers in 2022 and is expected to register the highest growth during the forecast period from 2024 to 2031. Single turbo units are widely used in aviation, UV and in the marine engine. The single turbo segment plays a dominant role in the global aviation and marine turbocharger market, managing a wide range of products in both industries. In the aviation industry, single turbochargers are commonly used in light aircraft engines, regional aircraft, and turboprop aircraft. These turbochargers help improve engine efficiency, increase power output and improve overall performance. Similarly, single turbochargers are used in the marine industry on a variety of vessels including commercial boats, fishing boats and leisure boats to improve engine efficiency, reduce fuel consumption and comply with internal regulations den on carbon emissions.
The twin turbo segment is expected to grow significantly over the forecast period from 2024 to 2031. The growing demand of the twin turbo segment for light aircraft is expected to fuel the growth of this segment. The twin turbo segment is important in the global aviation and marine turbocharger market, especially for high-performance engines that require additional power. In aviation, twin turbochargers are commonly used in large aircraft engines, such as those found in commercial aircraft, business jets, and military aircraft These turbochargers provide higher power output, enhancing aircraft efficiency in areas of height and speed.
Analysis by Platform
The marine segment had the largest market share in 2022. Huge maritime global trade and maritime tourism is expected to drive the demand for new vessels and is expected to boost the demand for high-performance turbochargers during the forecast period in the 19th century. The marine segment is an important component of the global aviation and marine turbochargers market, catering to the demands of a variety of fleets. Turbochargers are widely used in marine diesel engines to increase power output, improve fuel efficiency and reduce emissions. They play a vital role in ensuring the safe and reliable operation of ships, vessels, marine platforms and other maritime platforms.
The UAV segment is expected to grow significantly during the forecast period from 2024 to 2031. The growth in the segment was driven by the increasing use of UAVs by military companies for surveillance, border surveillance, intelligence, reconnaissance, missile detection and satellite communication and global commercial use. The UAV (Umanned Aerial Vehicle) segment is a growing market for aviation turbochargers, driven by the expanding use of drones across industries. Turbochargers are used in UAV propulsion systems to increase performance, extend flight range and improve payload capacity. They enable drones to gain greater speed, altitude and endurance, making them suitable for inspection, survey, delivery and other missions.
Global Aircraft and Marine Turbochargers Market By Technology (%)
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Aircraft and Marine Turbochargers Market Regional Insights
North America dominates the global aircraft marine turbochargers market. The trend is estimated to continue during the forecast period due to the presence of major manufacturers such as Cummins, General Electric, Textron Inc., and Continental Motors Group, as well as heavy investments in the development of aircraft and marine turbochargers. North America also plays an important role in the marine UAV (unmanned aerial vehicle) segments of the market. The extensive coastal and marine activities in this region drive the demand for marine engines with turbocharged, while gaining popularity in UAVs for military and commercial purposes The applications will create opportunities for turbocharger manufacturers catering to this segment
The market in this Asia-pacific region is expected to exhibit the highest CAGR during the forecast period. Rising demand for new aircraft and increasing defense spending in countries such as India and China are expected to drive the market for aviation and marine turbochargers. The Asia Pacific region is a key market for single turbochargers in aviation and marine applications. The growing regional aerospace and maritime industry, as well as the demand for more fuel-efficient engines, are fueling the growth of the region.
Global Aircraft and Marine Turbochargers Market By Geography
- Largest
- Fastest
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Aircraft and Marine Turbochargers Market Dynamics
Drivers
Growing Demand for New Aircraft
- Developing countries such as India, China and Brazil have seen a surge in air passenger numbers in the last few years. Thus, there has been a corresponding increase in the demand for new aircraft to cater to the growing number of passengers. Furthermore, turbochargers are an integral part of aircraft turboprops and piston engines. Thus, it is expected to boost the market share of aircraft and marine turbochargers along with the increasing demand for new aircraft.
Growing Need for Improved Productivity
- A key factor driving the global aviation and marine turbocharger market is the increasing demand for engine performance and efficiency in aviation and marine sectors. Turbochargers play an important role in improving engine power output and fuel efficiency by compressing air and delivering it to the engine at high pressure. As aircraft and ships seek efficiencies to meet stringent emissions regulations, the adoption of turbocharger technology is essential to achieve increased power and weight and fuel consumption is low.
Restraints
High Start-up Costs
- Turbochargers, especially those designed for aviation and marine applications, can incur significant upfront costs. The initial investment required to design and install a turbocharger system can be low, especially for cash-strapped operators.
Strict Compliance
- The aviation and maritime sectors are subject to strict safety and environmental regulations and standards. Meeting these regulatory, certification and compliance requirements can be challenging for turbocharger manufacturers, potentially slowing the adoption of new technologies.
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Aircraft and Marine Turbochargers Market Competitive Landscape
The competitive environment of the Global Aircraft and Marine Turbochargers Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Honeywell International is a leading manufacturer in the global aircraft marine turbochargers market, offering a wide range of turbocharger solutions in aviation and marine applications. The company's turbocharger systems are known for their advanced technology, reliability and fuel efficiency, meeting the needs of the commercial airline, military aircraft and fleets worldwide. Honeywell's strong brand name, breadth of experience and commitment to innovation position it as a market-leading competitor.
Top Players in Aircraft and Marine Turbochargers Market
- ABB Ltd (Switzerland)
- BorgWarner Inc. (USA)
- Cummins Inc. (USA)
- Honeywell International Inc. (USA)
- Mitsubishi Heavy Industries, Ltd. (Japan)
- MAN Energy Solutions (Germany)
- Hartzell Engine Technologies LLC (USA)
- PBS Velká Bíteš, a.s. (Czech Republic)
- Safran S.A. (France)
- Rolls-Royce plc (UK)
- KBB - Kompressorenbau Bannewitz GmbH (Germany)
- Napier Turbochargers (UK)
- Kawasaki Heavy Industries, Ltd. (Japan)
- IHI Corporation (Japan)
- Garrett Motion Inc. (Switzerland)
- Holset Engineering Co. Ltd. (UK)
- Siemens Energy (Germany)
- Wärtsilä Corporation (Finland)
- Daihatsu Diesel MFG. CO., LTD. (Japan)
- Yanmar Co., Ltd. (Japan)
Recent Developments
- In February 2018, Rolls-Royce secured a $47 million contract from the US. Department of Defense there to make AE 2100D3 turboprop-engine aircraft such as the C-130J, C-27J Transport and US-2C capable of aircraft turbochargers.
- In September 2017, ABB entered long-term contracts with several marine and offshore transportation companies to service and maintain 400 turbocharger units.
- In March 2017, Continental Motors Group launched the CD-265 and CDR-285 piston engines with turbochargers for the aircraft platform.
Aircraft and Marine Turbochargers Key Market Trends
- Increasing Disposable Income of People: Marine tourist destinations in Greece, France, the Indian Ocean and the Caribbean Sea are among the most attractive marine tourism destinations in the world Water sports, deep diving and water skiing are offered by travelers in the world. Moreover, with the increasing disposable income of people, the trend of borrowing from boats or boats is increasing. Such trends have led to demand for more fuel-efficient and more powerful turbocharged marine vehicles. Thus, as maritime tourism is on the rise, it acts as an opportunity for the growth of the global aircraft and marine turbocharger market.
Aircraft and Marine Turbochargers Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Aircraft and marine turbochargers, also known as turbos, use turbine-driven forced induction devices to increase internal combustion (IC) energy output and efficiency. This works by forcing compressed air away the combustion chamber, which improves the efficiency of all engines in aircraft and ships. Turbochargers recover wasted energy from the engine exhaust and feed it to a turbine that powers the compressor. This compressor absorbs ambient air, compresses it and enters the engine intake, creating more air and consequently more fuel entering the cylinders at the stroke of the intake.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 291.3 million |
| Market size value in 2032 | USD 347.76 million |
| Growth Rate | 1.98% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aircraft and Marine Turbochargers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aircraft and Marine Turbochargers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aircraft and Marine Turbochargers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft and Marine Turbochargers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft and Marine Turbochargers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft and Marine Turbochargers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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