Commercial Aircraft Gas Turbine Engine Market to grow at a CAGR of 19.85% from 2022 to 2027 | General Electric Co., EuroJet Turbo GmbH, GKN Aerospace Services Ltd., and more to emerge as key players- Technavio

NEW YORK, July 21, 2023 /PRNewswire/ — The commercial aircraft gas turbine engine market size is estimated to grow at a CAGR of 19.85% between 2022 and 2027. The commercial aircraft gas turbine engine market size is forecast to increase by USD 54,760.35 million, according to Technavio – The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including – General Electric Co., EuroJet Turbo GmbH, GKN Aerospace Services Ltd., Honeywell International Inc., IHI Corp., JSC Klimov, Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., MTU Aero Engines AG, PBS Group AS, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Rostec, Siemens Energy AG, Textron Inc., TurbAero, UEC-Aviadvigatel JSC, UEC Saturn, Williams International Co. LLC, and Safran SA. Request a sample report

Commercial Aircraft Gas Turbine Engine Market Insights –

• Vendors: 15+, Including General Electric Co., EuroJet Turbo GmbH, GKN Aerospace Services Ltd., Honeywell International Inc., IHI Corp., JSC Klimov, Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., MTU Aero Engines AG, PBS Group AS, Raytheon Technologies Corp., Rolls Royce Holdings Plc, Rostec, Siemens Energy AG, Textron Inc., TurbAero, UEC-Aviadvigatel JSC, UEC Saturn, Williams International Co. LLC, and Safran SA, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Technology (turbofan and turboprop), type (narrow-body aircraft, widebody aircraft, and regional aircraft), and Geography (Europe, North America, APAC, South America, and Middle East and Africa)

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Key Drivers- The rise in the procurement rate of new-generation aircraft is a key factor driving market growth. Air traffic is expected to double over the next 15 years due to the increase in air travel. The airline operators are focusing to cater to the increasing demand for air traffic. Major aircraft OEMs have started revamping their existing production facilities to provide the scheduled deliveries. For example, GKN Aerospace and Partners introduced accelerated high-volume composite technologies in the market. In addition, Airbus launched its final assembly line in Tianjin, China – which is mainly based on the A320 family FAL located in Hamburg, Germany. The facility is responsible for performing completion activities on A330.  Furthermore, the Trent 700 engine is used for propulsion. Hence, the above-mentioned factors are expected to drive market growth during the forecast period.

Major Trends- The usage of ceramic matrix composites is an emerging trend in the market growth. The foundation of ceramic-matrix composites (CMCs), which can be oxide- or non-oxide-based, is a treated short carbon fiber or whisker matrix. They are about 66% lighter than superalloys made of nickel (Ni), which were previously used in engines. By using CMC products, engines can accomplish a higher service temperature and greater efficiency in one of two ways, either through a decrease in how much cooling air is redirected or through a decrease in fuel utilization brought on by higher engine temperatures. CFM International, for instance, has adopted CMC-coated products for its LEAP engine line. Furthermore, the LEAP engines can operate effectively at 2,400 degrees F. Hence, such benefits will increase the adoption rate of CMC products, which is expected to drive market growth during the forecast period.

Significant Challenges- High production costs and delays in engine deliveries are significant challenges restricting market growth. The production and associative development costs are the two components of an aircraft engine’s price. An expansion in both expenses can possibly cause a sudden heightening in expenses and delivery time extensions. There is no assurance that the engine will function properly once it is put into service, despite the extensive testing. Furthermore, rectification efforts are very expensive and require that makers upgrade fundamental parts as well as replace them in airplane engines that have been already delivered to the consumer. These failures additionally restrict the development and delivery of different models that are underway, which lessens the overall number of delivery targets set by the companies. Hence, these high costs are expected to restrict market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The commercial aircraft gas turbine engine market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Commercial Aircraft Gas Turbine Engine Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the commercial aircraft gas turbine engine market between 2023 and 2027
• Precise estimation of the size of the commercial aircraft gas turbine engine market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the commercial aircraft gas turbine engine market across Europe, North America, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of commercial aircraft gas turbine engine market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global commercial aircraft gas turbine engine market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global commercial aircraft gas turbine engine market 2017 – 2021 ($ million)

• 4.2 Technology Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Technology Segment 2017 – 2021 ($ million)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments
• Exhibit 30: Chart on Technology – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Technology – Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 32: Chart on Comparison by Technology
• Exhibit 33: Data Table on Comparison by Technology

• 6.3 Turbofan – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Turbofan – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Turbofan – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Turbofan – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Turbofan – Year-over-year growth 2022-2027 (%)

• 6.4 Turboprop – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Turboprop – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Turboprop – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Turboprop – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Turboprop – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Technology 
• Exhibit 42: Market opportunity by Technology ($ million)
• Exhibit 43: Data Table on Market opportunity by Technology ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type – Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Narrow-body aircraft – Market size and forecast 2022-2027 
• Exhibit 48: Chart on Narrow-body aircraft – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Narrow-body aircraft – Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Narrow-body aircraft – Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Narrow-body aircraft – Year-over-year growth 2022-2027 (%)

• 7.4 Widebody aircraft – Market size and forecast 2022-2027 
• Exhibit 52: Chart on Widebody aircraft – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Widebody aircraft – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Widebody aircraft – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Widebody aircraft – Year-over-year growth 2022-2027 (%)

• 7.5 Regional aircraft – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Regional aircraft – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Regional aircraft – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Regional aircraft – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Regional aircraft – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 Europe – Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 France – Market size and forecast 2022-2027 
• Exhibit 91: Chart on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.10 China – Market size and forecast 2022-2027 
• Exhibit 95: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 General Electric Co.
• Exhibit 115: General Electric Co. – Overview
• Exhibit 116: General Electric Co. – Business segments
• Exhibit 117: General Electric Co. – Key news
• Exhibit 118: General Electric Co. – Key offerings
• Exhibit 119: General Electric Co. – Segment focus

• 12.4 GKN Aerospace Services Ltd. 
• Exhibit 120: GKN Aerospace Services Ltd. – Overview
• Exhibit 121: GKN Aerospace Services Ltd. – Product / Service
• Exhibit 122: GKN Aerospace Services Ltd. – Key offerings

• 12.5 Honeywell International Inc. 
• Exhibit 123: Honeywell International Inc. – Overview
• Exhibit 124: Honeywell International Inc. – Business segments
• Exhibit 125: Honeywell International Inc. – Key news
• Exhibit 126: Honeywell International Inc. – Key offerings
• Exhibit 127: Honeywell International Inc. – Segment focus

• 12.6 IHI Corp.
• Exhibit 128: IHI Corp. – Overview
• Exhibit 129: IHI Corp. – Business segments
• Exhibit 130: IHI Corp. – Key news
• Exhibit 131: IHI Corp. – Key offerings
• Exhibit 132: IHI Corp. – Segment focus

• 12.7 JSC Klimov
• Exhibit 133: JSC Klimov – Overview
• Exhibit 134: JSC Klimov – Product / Service
• Exhibit 135: JSC Klimov – Key offerings

• 12.8 MTU Aero Engines AG
• Exhibit 136: MTU Aero Engines AG – Overview
• Exhibit 137: MTU Aero Engines AG – Business segments
• Exhibit 138: MTU Aero Engines AG – Key news
• Exhibit 139: MTU Aero Engines AG – Key offerings
• Exhibit 140: MTU Aero Engines AG – Segment focus

• 12.9 PBS Group AS
• Exhibit 141: PBS Group AS – Overview
• Exhibit 142: PBS Group AS – Product / Service
• Exhibit 143: PBS Group AS – Key offerings

• 12.10 Raytheon Technologies Corp. 
• Exhibit 144: Raytheon Technologies Corp. – Overview
• Exhibit 145: Raytheon Technologies Corp. – Business segments
• Exhibit 146: Raytheon Technologies Corp. – Key news
• Exhibit 147: Raytheon Technologies Corp. – Key offerings
• Exhibit 148: Raytheon Technologies Corp. – Segment focus

• 12.11 Rolls Royce Holdings Plc 
• Exhibit 149: Rolls Royce Holdings Plc – Overview
• Exhibit 150: Rolls Royce Holdings Plc – Business segments
• Exhibit 151: Rolls Royce Holdings Plc – Key news
• Exhibit 152: Rolls Royce Holdings Plc – Key offerings
• Exhibit 153: Rolls Royce Holdings Plc – Segment focus

• 12.12 Safran SA
• Exhibit 154: Safran SA – Overview
• Exhibit 155: Safran SA – Business segments
• Exhibit 156: Safran SA – Key news
• Exhibit 157: Safran SA – Key offerings
• Exhibit 158: Safran SA – Segment focus

• 12.13 Textron Inc.
• Exhibit 159: Textron Inc. – Overview
• Exhibit 160: Textron Inc. – Business segments
• Exhibit 161: Textron Inc. – Key news
• Exhibit 162: Textron Inc. – Key offerings
• Exhibit 163: Textron Inc. – Segment focus

• 12.14 TurbAero
• Exhibit 164: TurbAero – Overview
• Exhibit 165: TurbAero – Product / Service
• Exhibit 166: TurbAero – Key offerings

• 12.15 UEC-Aviadvigatel JSC
• Exhibit 167: UEC-Aviadvigatel JSC – Overview
• Exhibit 168: UEC-Aviadvigatel JSC – Product / Service
• Exhibit 169: UEC-Aviadvigatel JSC – Key offerings

• 12.16 UEC Saturn
• Exhibit 170: UEC Saturn – Overview
• Exhibit 171: UEC Saturn – Product / Service
• Exhibit 172: UEC Saturn – Key offerings

• 12.17 Williams International Co. LLC 
• Exhibit 173: Williams International Co. LLC – Overview
• Exhibit 174: Williams International Co. LLC – Product / Service
• Exhibit 175: Williams International Co. LLC – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations
• Exhibit 182: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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