Product ID: SQMIG20S2011
Report ID:
SQMIG20S2011 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
61 |
Figures:
75
North America dominates the global aircraft engine market, due to the presence of significant players like GE Aviation and Honeywell International Inc. in the region. Additionally, the US government is investing in the performance and efficiency of helicopters and their engines, which is anticipated to support market expansion. Additionally, it is anticipated that the market in North America would be driven by increased defense investments in the purchase of fighter jets, military helicopters, single-engine aircraft, and emergency medical services helicopters.
The market in Asia Pacific is anticipated to see the greatest CAGR throughout the forecast period as a result of the Indian government's increasing defense spending. In turn, this has increased the demand for fighter aircraft and military helicopters in the nation. Additionally, the region's increasing air passenger traffic has increased the demand for new aircraft purchases, which is anticipated to assist the market expansion.
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REQUEST FREE CUSTOMIZATIONAircraft Engine Market size was valued at USD 49.01 billion in 2019 and is poised to grow from USD 54.34 billion in 2023 to USD 137.54 billion by 2031, growing at a CAGR of 10.87% in the forecast period (2024-2031).
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Product ID: SQMIG20S2011