Global Aircraft Engine Market Size Will Reach $57.28 Billion By 2025 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne Unmanned-
Alt. Wednesdays

Airborne Flight Training-Alt. Wednesdays

Airborne Unlimited-
Friday

Airborne Special Programs!
Airborne-YouTube  Airborne Unlimited--07.06.20 Airborne-Unmanned--07.08.20   NEW! Airborne-Flight Training--07.01.20 Airborne Unlimited--07.03.20  The 2020 Avionics Innovation Preview!

Airborne On ANN

Airborne Unlimited--07.06.20

Airborne-Unmanned--07.08.20

NEW! Airborne-Flight Training--07.01.20

Airborne Unlimited--07.03.20

Airborne's Annual April 1st Episode

Fri, Nov 15, 2019

Global Aircraft Engine Market Size Will Reach $57.28 Billion By 2025

Growth Projected To Be 4.68 Percent Compounded Annually

A new report projects the global aircraft engine market to reach $57.28 Billion by 2025, expanding at a Compound Annual Growth Rate (CAGR) of 4.68 percent through the period.

In a new report released by Valulates, the turbofan segment currently holds a significant share in the demand for aircraft engines and may continue to do so over the forecast period. Turbofan engines are most commonly used in the military and commercial sectors. New aircraft programs such as COMAC C919 and Boeing 777X, which are still in service, are powered by the latest generation turbofan engines.

With the development of technology, the global average price of aero-engines is in a decreasing trend, from $3.07 million per unit in 2011 to $2.91 million per unit in 2015. With the situation of global economy, prices will likely continue to fall in the next several years.

The increased need for efficient passenger travel and goods transportation is driving this market's development. Use in the military sector to combat terrorism, drug trafficking, and others is also expected to drive the aircraft engines market.

Top manufacturers in aircraft engine market include:

  • General Electric
  • Rolls-Royce Holdings
  • United Technologies Corporation
  • extron, Inc
  • Safran SA
  • Honeywell International
  • CFM International SA
  • International Aero Engines AG
  • Engine Alliance LLC
  • MTU Aero Engines AG

(Source: Valutates news release)

FMI: reports.valuates.com

Advertisement

More News

ANN's Daily Aero-Linx (07.09.20)

Aero Linx: Texas Aviation Association Our goal is to preserve and protect Texas airports and to advance public understanding of general aviation to the citizens of Texas. In 1999 t>[...]

AD: Bell Textron Inc.

AD 2020-14-01 Removing Affected Bolts From Service SUMMARY: The FAA is adopting a new airworthiness directive (AD) for Bell Textron Inc. (Bell) Model 214ST helicopters. This AD was>[...]

ANN's Daily Aero-Linx (07.06.20)

Aero Linx: Air Canada Pilots Association (ACPA) With more than 4,300 members who fly passengers and cargo around the world on Air Canada and Air Canada rouge, Air Canada Pilots Ass>[...]

Airborne 07.03.20: Icon Sued, NBAA-BACE Cancelled, 'Road To Recovery' Webinar

Also: Kodiak Care, 200th Gulfstream G280, King Air 350 Upgrade, Airbus To Fire A Lot Of People Details are still being carefully researched but ANN has confirmed that former Icon A>[...]

Klyde Morris (07.06.20)

Klyde's Got Goose Bumps... FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2020 Web Development & Design by Pauli Systems, LC