Aircraft Engines Market Key Players May See Big Move According to Industry ExpertsPosted by Amrut Mahajani on January 30th, 2023  The Aircraft Engine Market is expected to grow from USD 60.8 billion in 2021 to USD 92.9 billion by 2026 with a CAGR of 8.9% during the forecast period. The growth is driven by factors such as the expanding commercial aviation industry, growing demand for narrow-body aircraft, and increasing investment in the defense aviation sector. Get More Information Request Sample Pdf Brochure (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=14300744 Leading players in the aircraft engine market include General Electric (US), MTU Aero Engines (Germany), Honeywell (US), Safran (France), Rolls Royce (UK), and others. They have implemented various organic and inorganic strategies to solidify their market position, including contracts, agreements, and R&D initiatives to expand their presence in the market. General Electric Co. (US) is the top player in the aircraft engine market. The firm has a worldwide presence and is focusing on expanding its customer base. To achieve this, it has formed a partnership with Safran SA (France) to produce cutting-edge aircraft engines. Their aim is to create highly fuel-efficient engines that meet the current global demand. Rolls Royce PLC (UK) ranks second in the aircraft engine market with a worldwide customer base. Its primary revenue source is its civil aerospace business segment. The company is also investing in the development of hybrid aircraft engines to meet future demand. Expanding its presence in high-growth economies like China and India is also a priority for the company. It has teamed up with Infosys (India) to enhance its R&D capabilities and grow its civil aerospace business segment in India. Safran SA (France) is the third largest player in the aircraft engine market. It has a strong presence in Europe and North America. The company's focus is solely on delivering aircraft solutions, with its business divided into aerospace propulsion, equipment, defense, aero systems, and aircraft interiors. Safran has partnered with MTU Aero Engines (Germany) to further bolster its position in the European market. Related Reports: Aircraft Engine Market by Type (Turboprop, Turbofan, Turboshaft, Piston Engine), Platform (Fixed wing, Rotary Wing, UAV), Component(Compressor, Turbine, Gear Box, Exhaust Nozzle, Fuel System), Technology, and Region - Forecast to 2026 Space Sensors and Actuators Market by Product Type (Sensors and Actuators), Platform (Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), Application, End User, Region - Global Forecast to 2027 Contact: Like it? Share it! More by this author |