increase in number of aircraft deliveries is driving the Aircraft Turbofan Engine Market

Latest News:- Aircraft Turbofan Engine Market: Civil aviation is expected to lead the Application segment during 2024-2028

Technavio analyzes that the Aircraft Turbofan Engine Market is expected to grow at a CAGR of 4.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 704.1 million.There are various factors that contribute to the growth of the market. The global Aircraft Turbofan Engine market is poised for significant growth due to the increasing number of aircraft deliveries. This trend is driven by the expanding aviation industry and rising passenger traffic, leading to an increased demand for fuel-efficient and reliable turbofan engines. Manufacturers are focusing on technological advancements to meet this demand, resulting in the production of more powerful and lightweight engines. The market is expected to continue its upward trajectory in the coming years.

The civil aviation sector, a significant segment within the aerospace industry, is governed by the International Civil Aviation Organization (ICAO), with most nations as members. The turbofan engine market growth in this sector is primarily fueled by the widespread adoption of second-generation CFM56 engines, featuring retractable wings for enhanced maintenance efficiency during first and second shop visits. In the upcoming decade, CFM56-7 engines are projected to account for approximately half of the total overhauls within the CFM engine family, followed closely by CFM56-5B and CFM56-5A. This trend underscores the importance of these engines in terms of thrust power, compressor technology, burner efficiency, turbine design, and propulsive efficiency, as well as specific fuel consumption for optimizing overall engine performance. 

Know which region is leading the market growth by requesting a sample report

Aircraft Turbofan Engine Market Segmentation

• Application
  • Civil aviation
  • Defense aviation
• Geography
  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Aero Gearbox International
• DRDO
• EuroJet Turbo GmbH
• General Electric Co.
• Honeywell International Inc.
• Ivchenko-Progress SE
• Liebherr International AG
• Mitsubishi Heavy Industries Ltd
• MTU Aero Engines AG
• Northstar Aerospace
• PowerJet Pressure Cleaning Systems
• RTX Corp.
• Rolls Royce Holdings Plc
• Rostec
• Safran SA
• Shenyang Aircraft Corp.
• UEC Aviadvigatel JSC
• The Williams Co. Inc
• Xi an Aero-Engine Corp.

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

The Aircraft Turbofan Engine Market encompasses propulsion systems for commercial aircraft, focusing on high thrust, fuel efficiency, and noise reduction. Technologies include active and passive control approaches, such as geometric shape optimization, acoustic boundary control, and noise damping mechanisms. Thermos-viscous effects, vortex shedding, and turboprop engines are also considered. Gas turbine engines, including turbofans, turbojets, and turboprops, produce thrust through primary and secondary flows. Components like compressors, burners, and turbines impact propulsive efficiency, specific fuel consumption, and bypass ratio (BPR). Leading engine manufacturers cater to the needs of regional jets (RJ) and subsonic aircraft.

Market Research Overview

The Aircraft Turbofan Engine Market is a significant segment of the larger Aerospace and Defense industry, focusing on the manufacture of high-performance propulsion systems for commercial aircraft. Key trends in this market include the pursuit of increased fuel efficiency, noise reduction, and advanced control approaches such as active and passive control systems, geometric shape optimization, and acoustic boundary control. Driving factors for market growth include the expanding commercial aviation sector, particularly in developing economies, and the subsequent demand for fuel-efficient, quieter engines to meet growing passenger travel needs. The global Aircraft Turbofan Engine Market size is determined by the combined revenue generated by leading manufacturers supplying these advanced propulsion systems to the industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Reasons to Consider Purchasing Technavio Market Research Report

• Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.


• Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.


• High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/