The Commercial Aircraft Gas Turbine Engine Global Market Report 2023, provides comprehensive information on the commercial aircraft gas turbine engine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Commercial Aircraft Gas Turbine Engine Market’s Growth:
The global commercial aircraft gas turbine engine market size is expected to grow from $41.60 billion in 2022 to $48.97 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global commercial aircraft gas turbine engine market size is expected to reach $90.28 billion in 2027 at a CAGR of 16.5%.
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Technological advancements are the key trend gaining popularity in the commercial aircraft gas turbine engine market. Major companies operating in the commercial aircraft gas turbine engine market are focused on developing innovative technologies to strengthen their position in the market. For instance, in November 2022, Airbus SE, a Netherlands-based aircraft manufacturing corporation, revealed hydrogen-powered fuel cell engine development as hydrogen combustion in a gas turbine. The propulsion system is being examined as one of the viable alternatives for equipping its zero-emission aircraft, which is expected to enter service by 2035. The A380 MSN1 flight test aircraft is now being adapted to hold liquid hydrogen tanks and their related distribution systems for future hydrogen technologies.
The commercial aircraft gas turbine engine market is segmented:
1) By Type: Narrow-Body, Wide-Body, Regional Jet
2) By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
3) By Technology: Turbofan, Turbojet, Turboprop, Other Technology
4) By Aircraft Type: Light Commercial Aircraft, Heavy Commercial Aircraft, Passenger Based Aircraft, Cargo Based Multi-Model Aircraft
5) By Application: Commercial, Military
Asia-pacific was the largest region in the commercial aircraft gas turbine engine market in 2022.
The table of contents in TBRC’s commercial aircraft gas turbine engine market report includes:
- Executive Summary
- Commercial Aircraft Gas Turbine Engine Market Characteristics
- Commercial Aircraft Gas Turbine Engine Market Trends And Strategies
- Commercial Aircraft Gas Turbine Engine Market – Macro Economic Scenario
- Commercial Aircraft Gas Turbine Engine Market Size And Growth
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- Middle East Commercial Aircraft Gas Turbine Engine Market
- Africa Commercial Aircraft Gas Turbine Engine Market
- Commercial Aircraft Gas Turbine Engine Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Commercial Aircraft Gas Turbine Engine Market
- Commercial Aircraft Gas Turbine Engine Market Future Outlook and Potential Analysis
Top Major Players
- GE Aviation
- GKN Aerospace
- Honeywell International Inc.
- MTU Aero Engines AG
- Raytheon Technologies Corporation.
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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