Commercial Aircraft Engine Market is Expected to Grow 237.64 USD Billion by 2035, Reaching at a CAGR of 13.02 % During the Forecast Period 2025 – 2035

Market Overview

The global Commercial Aircraft Engine Market is entering a dynamic phase of expansion. According to a recent study by Market Research Future (MRFR), the market was valued at USD 61.82 billion in 2024 and is projected to grow to approximately USD 237.64 billion by 2035, posting a compound annual growth rate (CAGR) of 13.02 % during the forecast period of 2025–2035. 

The aircraft engine business forms the backbone of commercial aviation, and the engines powering today’s narrow-body, wide-body, regional and business jets are under intense evolution. As airlines expand fleets, modernize technology and face stricter emission and fuel-efficiency mandates, engine manufacturers are responding with advanced designs, new materials and alternative propulsion concepts. MRFR notes that turbofan engines remain the dominant type, while turboprop engines are registering faster growth, especially in regional aviation segments.

Growth Drivers & CAGR Value

The projected 13.02 % CAGR signals significant growth ahead. Key drivers include a resurgence of air travel, especially in emerging economies, and the corresponding demand for newer, more efficient aircraft engines. Airlines are pursuing lower operating costs through fuel savings and higher reliability, while regulatory pressure—especially from bodies such as the International Civil Aviation Organization (ICAO)—is intensifying the push for greener, low-emission propulsion systems. 

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Major Players: General Electric (US), Rolls-Royce (GB), Pratt & Whitney (US), Safran (FR), Honeywell (US), MTU Aero Engines (DE), CFM International (US), Engine Alliance (US), IHI Corporation (JP)

Growth Factors

Several factors are propelling this market:

• Rising air travel demand: As disposable incomes grow and global tourism expands, fleet expansions by airlines require more engines. 
• Emerging market penetration: The Asia-Pacific region, in particular, is becoming a growth hot-spot thanks to infrastructure upgrades and increasing domestic air traffic.
• Technological innovation: Engine makers are investing in advanced materials, digital twin technologies, geared turbofan designs and in some cases hybrid-electric propulsion systems to meet fuel-efficiency and emissions targets.
• Regulatory compliance and sustainability: Governments and international agencies are tightening emission standards and promoting sustainable aviation fuel (SAF) adoption, creating opportunities for engine upgrades and replacements. 

Key Trends

• Dominance of Turbofan Engines: Turbofan models continue to hold the largest share of the market, given their suitability for high-thrust, long-haul commercial aircraft.
• Emergence of Regional/ T­urboprop Engines: Turboprop engines are gaining traction in regional aircraft segments because of their cost-efficiency at lower speeds and shorter routes.
• Technology Shift to Advanced Engines: The segment of advanced technology engines (lighter materials, hybrid propulsion, digital monitoring) is expected to grow faster than current-generation engines, as environmental and operational pressures mount. 
• Regional Growth Patterns: North America remains the largest region (about 45 % share) due to established aerospace infrastructure; Europe follows (≈ 30 % share) with strong sustainability mandates; Asia-Pacific (~20 %) is fastest-growing, driven by expanding air travel and industrial development. 

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Opportunities

With the rising focus on sustainability and engine life-cycle costs, opportunities abound in aftermarket services such as maintenance, repair and overhaul (MRO), engine upgrades, and retrofit solutions. Moreover, propulsion system innovators have clear room to introduce hybrid-electric engines or engines optimized for sustainable aviation fuels (SAFs). Regions such as the Middle East & Africa (currently around 5 % share) present further potential, as airlines in those markets invest in upgrading fleets and infrastructure. 

Future Outlook

Looking ahead, the commercial aircraft engine market is primed for robust growth until 2035 and beyond. The survey-based forecast anticipates the market reaching USD 237.64 billion by 2035 from USD 69.87 billion projected for 2025. (Base year 2024: USD 61.82 billion). 

Key future themes include:

• Acceleration of eco-friendly engine designs as airlines and regulators emphasize net-zero targets.
• Rise of digitalization and predictive maintenance in engine operations, enabling lower downtime and better cost-performance.
• Expansion of aftermarket and service ecosystems tied to large installed engine fleets.
• Emergence of regional manufacturers (especially in Asia) and localized supply-chains, introducing competitive dynamics alongside long-standing incumbents.

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Table of Contents

Executive Summary

Market Introduction

Market Dynamics

Market Segmentation

Regional Analysis

Competitive Landscape

Future Outlook

Conclusion

Appendix

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