Tourism, Military UAVs, and Government Support Amid Supply Chain and Labor Challenges Fueling Growth
Aircraft Engines Market
Dublin, July 21, 2025 (GLOBE NEWSWIRE) -- The "Aircraft Engines Market Opportunities and Strategies to 2034" report has been added to ResearchAndMarkets.com's offering.This report describes and explains the aircraft engines market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global aircraft engines market reached a value of nearly $52.81 billion in 2024, having grown at a compound annual growth rate (CAGR) of 1.19% since 2019. The market is expected to grow from $52.81 billion in 2024 to $63.17 billion in 2029 at a rate of 3.65%. The market is then expected to grow at a CAGR of 3.75% from 2029 and reach $75.93 billion in 2034.Growth in the historic period resulted from increase in demand for air travel, increase in military and defense spending, expansion of aircraft fleets and rising maintenance, repair and overhaul (MRO) services. Factors that negatively affected growth in the historic period were contamination issues and increasing raw material costs. Going forward, rising international tourism, increase in military drone and UAV operations, government support for aircrafts and strict emission regulations will drive the growth. Factor that could hinder the growth of the aircraft engines market in the future include supply chain disruptions and lack of skilled labor.North America was the largest region in the aircraft engines market, accounting for 61.44% or $32.45 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the aircraft engines market will be Middle East and Africa where growth will be at CAGRs of 9.17% and 8.80% respectively. These will be followed by South America and Western Europe where the markets are expected to grow at CAGRs of 5.78% and 4.42% respectively.The global aircraft engines market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 71.81% of the total market in 2023. GE Aerospace was the largest competitor with a 27.73% share of the market, followed by Raytheon Technologies Inc. with 15.47%, Rolls-Royce Holdings plc with 9.70%, Honeywell International Inc. with 5.76%, Ishikawajima-Harima Heavy Industries (IHI Corporation). with 3.24%, Safran S.A. with 3.00%, MTU Aero Engines AG with 2.87%, Mitsubishi Heavy Industries Ltd. with 2.04%, Williams International Co. LLC with 1.30% and Magellan Aerospace Corporation with 0.69%.The aircraft engines market is segmented by type into turboprop, turboshaft, turbofan and piston engines. The turbofan market was the largest segment of the aircraft engines market segmented by type, accounting for 61.83% or $32.65 billion of the total in 2024. Going forward, the turbofan segment is expected to be the fastest growing segment in the aircraft engines market segmented by type, at a CAGR of 4.18% during 2024-2029.The aircraft engines market is segmented by application into commercial aviation, military aviation, business and general aviation aircraft. The commercial aviation market was the largest segment of the aircraft engines market segmented by application, accounting for 64.21% or $33.91 billion of the total in 2024. Going forward, the commercial aviation segment is expected to be the fastest growing segment in the aircraft engines market segmented by application, at a CAGR of 3.86% during 2024-2029.The aircraft engines market is segmented by technology into conventional engines and electric/hybrid engines. The conventional engines market was the largest segment of the aircraft engines market segmented by technology, accounting for 62.47% or $32.99 billion of the total in 2024. Going forward, the electric/hybrid engines segment is expected to be the fastest growing segment in the aircraft engines market segmented by technology, at a CAGR of 6.53% during 2024-2029.The aircraft engines market is segmented by platform into fixed-wing and rotary-wing aircraft. The fixed-wing market was the largest segment of the aircraft engines market segmented by platform, accounting for 82.03% or $43.32 billion of the total in 2024. Going forward, the rotary-wing segment is expected to be the fastest growing segment in the aircraft engines market segmented by platform, at a CAGR of 3.81% during 2024-2029.The top opportunities in the aircraft engines market segmented by type will arise in the turbofan segment, which will gain $7.41 billion of global annual sales by 2029. The top opportunities in the aircraft engines market segmented by technology will arise in the electric/hybrid segment, which will gain $7.37 billion of global annual sales by 2029. The top opportunities in the aircraft engines market segmented by platform will arise in the fixed wing segment, which will gain $8.41 billion of global annual sales by 2029. The top opportunities in the aircraft engines market segmented by application will arise in the commercial aviation segment, which will gain $7.06 billion of global annual sales by 2029. The aircraft engines market size will gain the most in the USA at $5.35 billion.Market-trend-based strategies for the aircraft engines market include focusing on electrifying the aircraft by manufacturing innovative motors, such as electric motors, developing solutions to get self-sufficiency engine, focused on domestic engines development to enhance self-reliance, focused on developing innovations in aircraft turbofan engine and focused on advancement in turbofan engine technology. Player-adopted strategies in the aircraft engines market include focus on enhancing business capabilities through the launch of new products and focus on enhancing business operations through strategic partnerships.To take advantage of the opportunities, the analyst recommends the aircraft engines market companies to focus on electrification to meet sustainability demands and expand market share, focus on advancing indigenous engine technologies to strengthen strategic positioning, focus on domestic engine development to build technological independence and expand capabilities, focus on advancing turbofan engine efficiency and sustainability, focus on improving specific fuel consumption and emissions performance, focus on turbofan market growth, focus on electric/hybrid engine market growth, focus on rotary wing engine market growth, expand in emerging markets, focus on expanding distribution channels for aircraft engine solutions, focus on strategic pricing for aircraft engine companies, optimize digital marketing channels, strengthen industry partnerships and thought leadership, focus on commercial aviation engine market growth.Major Market Trends
Focus on Manufacturing Innovative Motors Paving the Way for Sustainable Air Mobility
Focus on Role of Military Turbofan Engines in Modern Aviation
Fostering Aerospace Innovation Through Domestic Engine Development
Innovations in Turbofan Engine Technology With Advance Development
Advancements in Turbofan Engine Technology
Key Mergers and Acquisitions
FTAI Aviation Ltd Acquired Lockheed Martin Commercial Engine Solutions
Hartzell Engine Tech Acquired Kelly Aero LLC
Markets Covered:
Type: Turboprop; Turboshaft; Turbofan; Piston Engine
Technology: Conventional Engine; Electric/Hybrid
Platform: Fixed-Wing; Rotary-Wing
Application: Commercial Aviation; Military Aviation; Business and General Aviation Aircraft
Key Attributes:
Report Attribute
Details
No. of Pages
329
Forecast Period
2024 - 2034
Estimated Market Value (USD) in 2024
$52.81 Billion
Forecasted Market Value (USD) by 2034
$75.93 Billion
Compound Annual Growth Rate
3.7%
Regions Covered
Global
Companies Featured
GE Aerospace
Raytheon Technologies Inc
Rolls-Royce Holdings plc
Honeywell International Inc
Ishikawajima-Harima Heavy Industries (IHI Corporation)
Safran S.A.
MTU Aero Engines AG
Mitsubishi Heavy Industries Ltd.
Williams International Co. LLC
Magellan Aerospace Corporation
Hyprix
AECC Sichuan Gas Turbine Establishment
Hanwha Aerospace
Korea Aerospace Industries (KAI)
Korean Air Lines Co., Ltd.
Kawasaki Heavy Industries
Japanese Aero Engines Corporation (JAEC)
Marubeni Aerospace Corporation
Sojitz Aerospace Corporation
Raghu Vamsi Machine Tools Pvt Ltd
Pratt & Whitney
Hindustan Aeronautics Limited (HAL)
CFM International Greater China
Piaggio Aerospace
Leonardo S.p.A
EuroJet Turbo GmbH
Liebherr-Aerospace
LOM Praha
Walter Engines
United Engine Corporation (UEC)
Motor Sich
Zorya-Mashproekt
Wright and Engine Company
Hartzell Engine Tech
StandardAero
FTAI Aviation Ltd.
Aero Turbine Inc.
Lockheed Martin Commercial Engine Solutions
Component Repair Technologies
SKY Airline
Turbomachine
Embraer
Riyadh Air
Sanad
Tusas Engine Industries, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/gvfdyi
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
Aircraft Engines Market
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Purpose Investments Announces Termination of Three Investment Funds
TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ('Purpose Investments') announced today its decision to terminate StoneCastle Equity Growth Fund and StoneCastle Income Growth Fund (each, a 'StoneCastle Fund' and together, the 'StoneCastle Funds') at the close of business on or about September 29, 2025 (the 'StoneCastle Funds' Termination Date'). Effective immediately, each StoneCastle Fund is closed to new purchases. Purpose Investments also announced its decision to terminate PK Core Fund effective as of the close of business today. PK Core Fund currently has no unitholders and is closed to new purchases. StoneCastle Funds Purpose Investments regularly reviews its fund offerings to ensure each offering is appropriately scaled, cost-effective, and economically viable for investors, while continually enhancing our fund platform to better serve investors. As part of its latest review, a decision was made to terminate the StoneCastle Funds due to their relatively small size, which has made it challenging to manage the StoneCastle Funds efficiently in accordance with their stated investment objectives. Holders of Series A and Series F shares of either StoneCastle Fund (collectively, the 'Shares') will have the option to redeem their Shares at net asset value on or prior to September 24, 2025, at 4:00 p.m. (EDT). No fees or redemption charges will apply. All Shares not redeemed prior to 4:00 p.m. (EDT) on the Termination Date will be automatically redeemed at net asset value, with the proceeds either deposited into the shareholder's account or sent via cheque mailed directly to the shareholder, dealer, nominee, or intermediary, as applicable. If required, a final distribution for each StoneCastle Fund will occur on or about the StoneCastle Funds' Termination Date. Shareholders will be sent a written notice regarding the termination of the StoneCastle Funds. There may be tax implications for shareholders with respect to any disposition of Shares. Shareholders are strongly encouraged to contact their financial advisor to discuss the financial and tax implications associated with a redemption of Shares and the termination of the StoneCastle Funds. About Purpose Investments Purpose Investments is an asset management company with more than $25 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information, please contact info@ Media Inquiries: Keera Hart 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be cautions the reader not to place undue reliance upon any such forward-looking statements contained herein, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'on pace', 'anticipates' or 'does not anticipate', 'believes' and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'should', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements are based on information available to management at the time they are made, management's current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements of Purpose to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties. Although the forward-looking information contained in this press release is based on assumptions that Purpose believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Purpose does not undertake to update or revise any forward-looking information, except in accordance with applicable securities in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
- Yahoo
CoStar Group, Inc. (CSGP): A Bull Case Theory
We came across a bullish thesis on CoStar Group, Inc. on Andvari's Substack by Douglas Ott. In this article, we will summarize the bulls' thesis on CSGP. CoStar Group, Inc.'s share was trading at $92.96 as of July 24th. CSGP's trailing and forward P/E were 357.54 and 222.22 respectively according to Yahoo Finance. An elegant residential building set against the modern skyline. CoStar Group reported another quarter of strong performance in Q2 2025, marking its 57th consecutive quarter of double-digit revenue growth with sales up 15% year over year and all-time high net new bookings of $93 million. Adjusted EBITDA rose 108% to $85 million, and membership surged 56% sequentially. Despite a slight dip in gross margins from the February addition of Matterport, operational restructuring is underway, including eliminating unprofitable units and expanding its salesforce. remains the centerpiece of CoStar's strategy, with a dedicated and growing sales team driving subscription adoption, improved agent Net Promoter Scores rising from 4 to 38 over three quarters, and marketing investments stabilizing monthly active users. Regulatory and legal pressures on competitors create tailwinds: in the U.S., Zillow faces an antitrust lawsuit from Compass over restrictive listing practices, enabling CoStar to boost profile by offering free advertising to banned listings; and in Australia, REA Group, dominant in the market, faces an antitrust investigation amid steep agent fee hikes, coinciding with CoStar's planned acquisition of challenger portal Domain. Additional uncertainty arises from potential leadership reshuffling within REA and U.S.-based both owned by the Murdoch family, which could further benefit Domain. With targeting an expansion of its salesforce from 230 to 750 by year-end and a stabilizing user base, CoStar appears increasingly well-positioned to challenge entrenched incumbents like Zillow and REA. Supported by operational momentum, strategic acquisitions, and heightened competitive scrutiny, CoStar's residential portals hold growing potential to emerge as true category leaders rather than cash-intensive experiments. Previously we covered a on CoStar Group, Inc. (CSGP) by Douglas Ott in February 2025, which highlighted CoStar's aggressive expansion of its strong financial base, and potential for margin recovery as investments scale. The company's stock price has appreciated about 20% since our coverage. The thesis still stands as execution remains robust. Douglas Ott shares a similar view but emphasizes regulatory tailwinds and operational gains. CoStar Group, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held CSGP at the end of the first quarter which was 56 in the previous quarter. While we acknowledge the potential of CSGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Sign in to access your portfolio
Yahoo
4 minutes ago
- Yahoo
Amberton University Completes Major Overhaul, Revamping 100% of Courses and Expanding Programs
New initiatives include innovative AI integration, career-focused curriculum, and expanded healthcare and business programs. Garland, Texas--(Newsfile Corp. - July 25, 2025) - Amberton University announced today the completion of a comprehensive overhaul, revamping all courses and significantly expanding its program offerings for the 2025-2026 academic year. To view an enhanced version of this graphic, please visit: This initiative includes innovative AI integration, a highly career-focused curriculum, and expanded healthcare and business programs. "All Amberton courses have been completely updated with modern, real-world skills and AI competencies," stated Dr. Carol A. Palmer, President of Amberton University. Established over 50 years ago, Amberton University is renowned for its affordable, flexible education tailored specifically for working adults. Major Curriculum Overhaul Amberton has updated every course offered, clearly defining industry-driven skills across key programs such as project management, finance, clinical mental health counseling, and school counseling. This strategic initiative enhances graduates' career readiness and significantly boosts their practical value to employers. A Leader in AI Literacy Amberton is among the first fully AI-literate campuses nationwide, integrating AI competencies into every course. Business courses emphasize AI-driven strategies, Finance courses incorporate AI-based financial analysis, and Counseling courses explore AI-assisted therapeutic interventions. The newly launched Master of Science in Applied Artificial Intelligence program emphasizes responsible and strategic AI implementation. Students gain practical, hands-on learning experiences through an interactive AI Testing Environment, building tangible portfolios that demonstrate their AI proficiency. New Degree Programs and Certificates Amberton has introduced four critical new degree programs aligned with market demands: Master of Science in Applied Artificial Intelligence Master of Healthcare Administration (MHA) - This program is designed for individuals aiming to excel in executive and managerial positions within the healthcare sector. MBA in Finance - Focusing on fintech, cryptocurrency, blockchain, and advanced financial analytics. Master of Science in Training & Development - Addressing the increasing demand for workforce training and digital education. Additionally, nine practical certificate programs have been added as pathways toward full degrees, tailored to immediate industry needs. Commitment to Affordable, Quality Education Amberton maintains its position as one of the most affordable institutions nationwide, clearly outlining a transparent tuition model on its website. By avoiding unnecessary infrastructure costs, Amberton provides affordability without compromising educational quality. Faculty Voices and Industry Expertise Amberton faculty incorporate professional expertise directly into their instruction: Dr. Don Hebbard, Counseling: "Our students graduate ready to immediately make a difference, both professionally and personally." Dr. Deborah Hill, Human Development: "We're providing education that's immediately relevant to the workforce, not just theory." Dr. Ron Norris, Healthcare Administration: "Amberton's new healthcare program fills a critical need for qualified leaders in a rapidly growing healthcare sector." Dr. John Sinclair, AI Program Coordinator: "Amberton's AI curriculum uniquely positions graduates to become ethical, innovative leaders in AI implementation." Dr. Ken Johnson, Clinical Mental Health: "We remain highly responsive to student needs, continuously improving our counseling program to reflect current mental health practices." Student Success and Outcomes "This major overhaul is not just an update. It's Amberton's commitment to preparing our students for success in a rapidly changing world," stated Dr. Palmer. "Our students deserve an education that makes practical sense, and that's exactly what Amberton delivers." Interested students and professionals can apply easily and at no cost via the university's streamlined admission portal. Contact: Dr. Carol Anne PalmerUniversity Presidentpresident@ University To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data