Jet Engines Market size was valued at USD 70.39 Billion in 2023 and the total Jet Engines revenue is expected to grow at a CAGR of 5.12 % from 2024 to 2030, reaching nearly USD 99.84 Billion by 2030.
Jet Engines Market Overview:
Jet Engines Market Scope:
Jet Engines Market Key Players:
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Jet Engines market are as follows:
Major Contributors in the Jet Engines Industry in North America:
1. Pratt & Whitney, East Hartford, Connecticut, USA
2. General Electric Aviation, Evendale, Ohio, USA
3. CFM International, West Chester, Ohio, USA
4. Honeywell Aerospace, Charlotte, North Carolina, USA
5. Engine Alliance, East Hartford, Connecticut, USA
6. Williams International, Walled Lake, Michigan, USA
Leading players in the Europe Jet Engines Market:
1. Rolls Royce, London, United Kingdom
2. Safran Aircraft Engines, Paris, France
3. MTU Aero Engines, Munich, Germany
4. Avio Aero, Rivalta di Torino, Italy
5. GKN Aerospace Engine Systems, Trollhättan, Sweden
6. PowerJet, Paris, France
7. Klimov, St. Petersburg, Russia
8. Ivchenko-Progress, Zaporizhzhia, Ukraine
9. JSC UEC Saturn, Rybinsk, Russia
10. Austro Engine, Wiener Neustadt, Austria
11. Motor Sich, Zaporizhzhia, Ukraine
12. Dassault Aviation, Paris, France
Key players driving the Asia-Pacific Jet Engines Market:
1. IHI Corporation, Tokyo, Japan
2. Aero Engine Corporation of China (AECC), Beijing, China
3. Turbofan Engine Company of China (TECC), Shanghai, China
4. Hindustan Aeronautics Limited (HAL), Bangalore, India
5. Kawasaki Heavy Industries Aerospace Company, Tokyo, Japan
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Jet Engines Market Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Jet Engines market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Jet Engines Market:
End-user industries where Jet Engines are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Jet Engines manufacturers, affecting the Jet Engines market’s growth in 2020. End-user business demand for Jet Engines has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Jet Engines Market Report are:
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