The aircraft engine market was valued at $42.43 billion in 2020 and is projected to reach around $75 billion by 2026, registering a CAGR of over 7% during the forecast period (2021-2027).
The aircraft engine market has been significantly impacted by the COVID-19 pandemic due to a slowdown in the aviation industry and supply chain problems (stop manufacturing parts and materials), resulting in overall decline in overall aircraft engine deliveries. This caused engine OEMs to witness huge losses and implement new cost-saving strategies.
A full report of Aircraft Engines Market available at: https://www.orionmarketreports.com/military-aviation-maintenance-repair-and-overhaul-market-market/58730/
Aircraft Engines Market – Segmentation
By Type
• Turboprop
• Turbofan
• Turboshaft
• Piston Engine
By Wing Position
• Fixed Wing
• Rotary Wing
By End-user
• Commercial Aviation
• Military Aviation
• Others
Major Players
• General Electric Company
• Rolls-Royce Motor Cars Limited
• Honeywell International Inc.
• United Technologies Corporation
• Pratt & Whitney Division
• Snecma S.A
• Hindustan Aeronautics Limited
• JSC “Klimov”-United engine corporation
• Safran
• The Boeing Company
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
