The global The Jet Engines market size was valued at USD 70.39 Billion in 2023 and the total Jet Engines revenue is expected to grow at a CAGR of 5.12 % from 2024 to 2030, reaching nearly USD 99.84 Billion by 2030.

Market Overview:

This study aims to provide a comprehensive analysis of the The Jet Engines market, examining its components, applications, industries, and geographical aspects. It delves into the primary drivers influencing market growth and offers an in-depth analysis of the market's value chain.

Market Scope:

The research methodology employed for assessing and predicting the The Jet Engines market involves secondary research utilizing revenue data from key suppliers. Market segmentation takes into account vendor offerings, and the overall market size is determined using a bottom-up approach based on the revenue of major enterprises.

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Drivers:

Increasing Global air passenger traffic, forecasted to surge significantly, emerges as a formidable driver boosting the growth of Jet Engines Market. Boeing's staggering prediction of over 44,000 new commercial airplanes by 2039 heralds a soaring demand for engines that are not just powerful but more efficient. This surge necessitates technological innovations that redefine benchmarks, such as GE's monumental GE9X engine. Renowned as the largest and most powerful commercial aircraft engine, it exemplifies the market's trajectory by offering unparalleled fuel efficiency and performance, setting new standards for propulsion systems.

Segmentation:

by Technology

Turboprop engine
Turbofan engine
Turbojet engine
Pulsejet engine
Others


by Platform

Rotary wings
Fixed wings


by Application

Military aviation
Business aviation
Commercial aviation

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Key Players:

The major players identified in the The Jet Engines market report include:

Major Contributors in the Jet Engines Industry in North America:
1. Pratt & Whitney, East Hartford, Connecticut, USA
2. General Electric Aviation, Evendale, Ohio, USA
3. CFM International, West Chester, Ohio, USA
4. Honeywell Aerospace, Charlotte, North Carolina, USA
5. Engine Alliance, East Hartford, Connecticut, USA
6. Williams International, Walled Lake, Michigan, USA
Leading players in the Europe Jet Engines Market:
1. Rolls Royce, London, United Kingdom
2. Safran Aircraft Engines, Paris, France
3. MTU Aero Engines, Munich, Germany
4. Avio Aero, Rivalta di Torino, Italy
5. GKN Aerospace Engine Systems, Trollhättan, Sweden
6. PowerJet, Paris, France
7. Klimov, St. Petersburg, Russia
8. Ivchenko-Progress, Zaporizhzhia, Ukraine
9. JSC UEC Saturn, Rybinsk, Russia
10. Austro Engine, Wiener Neustadt, Austria
11. Motor Sich, Zaporizhzhia, Ukraine
12. Dassault Aviation, Paris, France
Key players driving the Asia-Pacific Jet Engines Market:
1. IHI Corporation, Tokyo, Japan
2. Aero Engine Corporation of China (AECC), Beijing, China
3. Turbofan Engine Company of China (TECC), Shanghai, China
4. Hindustan Aeronautics Limited (HAL), Bangalore, India
5. Kawasaki Heavy Industries Aerospace Company, Tokyo, Japan

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Regional Analysis:

Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are provided individually. Analysts evaluate competitive strengths and conduct a thorough competitive analysis for each player.

COVID-19 Impact Analysis on The Jet Engines Market:

Various industries such as aerospace, defense, agriculture, automobiles, retail, e-commerce, energy, healthcare, packaging, mining, electronics, banking, financial services, and insurance have been impacted by the COVID-19 pandemic. The report assesses the general impact of COVID-19 on the The Jet Engines market, including its growth rate during 2019-2020. Insights and analysis on risk management and digital transformation strategies are provided to assist businesses navigating through the crisis.

Key Questions Answered in the Report:

Which segment dominated the The Jet Engines market?
What was the competitive landscape of the The Jet Engines market in 2020?
What are the key drivers fueling the growth of the The Jet Engines market?
Which region held the largest share in the The Jet Engines market in 2020?


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