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 gaining significant traction. These advanced materials consist of a ceramic-based oxide or non-oxide matrix reinforced with treated carbon fibers or whiskers. Compared to nickel (Ni) superalloys, CMCs offer a 66% weight reduction and can operate at temperatures surpassing 500 degrees F, which is beyond the endurance threshold of Ni superalloys. By employing CMC products, engine manufacturers can achieve higher service temperatures and improved efficiency through either reduced cooling air diversion or lower fuel consumption due to increased engine temperatures. Consequently, engines utilizing CMCs generate more thrust per unit of fuel, leading to enhanced overall 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, including 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 influence the performance, efficiency, and overall cost 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, also known as jet or propulsion systems, are essential components of modern commercial aircraft. The market size for gas turbine engines in the commercial aviation sector is calculated as part of the capital goods market, which includes the revenue generated by manufacturers and providers for industries such as aerospace and defense. This market encompasses the production of turbine engines for commercial aircraft, as well as maintenance, repair, and overhaul (MRO) activities related to these engines. The global aerospace and defense industry also includes other sectors such as defense platforms, arms and ammunition, defense electronics, defense logistics equipment, and space platforms, equipment, and launch vehicles.. 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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