Latest News- Commercial Aircraft Gas Turbine Engine Market: Turbofan is expected to lead the Technology segment during 2025-2029

The Commercial Aircraft Gas Turbine Engine Market is being driven by Advancements in engine technologies

The Commercial Aircraft Gas Turbine Engine Market is expected to grow at a CAGR of 28.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 134084.4 million. In the commercial aircraft gas turbine engine market, the adoption of ceramic-matrix composites (CMCs) is a significant trend. These advanced materials, consisting of a ceramic matrix reinforced with treated carbon fibers or whiskers, offer substantial weight savings of approximately 66% compared to nickel superalloys. Moreover, CMCs can operate at temperatures surpassing 500 degrees Fahrenheit, which is beyond the endurance threshold of nickel superalloys. This enhanced capability enables engines to achieve higher service temperatures and improved efficiency through either reduced cooling air requirements or lower fuel consumption due to increased engine temperatures. Consequently, the utilization of CMC products leads to increased thrust per unit of fuel and ultimately, greater engine efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Turbofan
  • Turboprop
• Type
  • Narrow-body aircraft
  • Widebody aircraft
  • Regional aircraft
• Product
  • Conventional jet engines
  • Geared turbofan (GTF) engines
  • Open rotor or (UDF) concepts
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advancements in engine technologies
• Rise in procurement rate of new-generation aircraft
• Increase in aircraft deliveries

However, the market also witnesses some limitations, which are as follows:

• Grounding of fleets due to technical issues
• High production costs and delays in engine deliveries
• Fluctuations in customs and import duties

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Market Scope in Commercial Aircraft Gas Turbine Engine Market Research Report

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Research Analysis Overview

The Commercial Aircraft Gas Turbine Engine Market encompasses various aspects such as thrust-to-weight ratio, specific fuel consumption, engine operating costs, engine lifecycle costs, engine maintenance costs, engine reliability metrics, engine safety records, engine noise levels, engine emissions standards, engine certification requirements, engine testing procedures, engine development programs, engine upgrade options, engine diagnostics, engine fault detection, engine health monitoring, engine reliability improvement, engine maintenance scheduling, engine overhaul facilities, engine repair services, and engine training programs. These factors significantly impact the performance, efficiency, and cost-effectiveness of gas turbine engines used in commercial aircraft.

Market Research Overview

The commercial aircraft gas turbine engine market is a significant segment of the global aerospace and defense industry. Gas turbine engines, including jet and propulsion systems, are essential components of commercial aircraft, driving their propulsion and contributing to their overall efficiency and performance. The market for these engines encompasses manufacturers and providers supplying to the commercial aviation sector, which falls under the broader aerospace and defense market. This market size is determined by the combined revenue generated from the sales of these engines to industries such as commercial aviation, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. The aerospace and defense industry also includes maintenance, repair, and overhaul (MRO) activities related to commercial aviation and defense sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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