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The aircraft turbofan engine market size is forecast to increase by USD 704.1 million, at a CAGR of 4.6% between 2023 and 2028. The aircraft turbofan engine market is experiencing significant growth due to the increasing number of aircraft deliveries. New technologies, such as noise damping mechanisms and thermos-viscous materials, are gaining traction to enhance engine efficiency and reduce noise levels. However, challenges persist in the adoption of these advanced technologies, including high costs and complex installation processes. Gas turbine engines, including turbofans and turbojets, remain the primary source of thrust production for commercial aircraft. The secondary flow within these engines, particularly vortex shedding, significantly impacts engine performance and fuel efficiency. Trends in the market include the development of more efficient exhaust gases management systems and the integration of advanced materials to improve engine durability.
The aircraft turbofan engine market has been experiencing significant growth due to the increasing demand for more efficient and quieter engines. Turbofan engines have become the preferred choice for commercial aircraft due to their ability to provide high thrust while maintaining excellent fuel efficiency. Fuel efficiency is a critical factor in the design of turbofan engines for commercial aircraft. Engine manufacturers have been focusing on optimizing the geometric shape of the engine components, such as the compressor and burners, to improve propulsive efficiency. Additionally, the use of passive control and acoustic boundary control techniques, as well as noise damping mechanisms, has helped reduce the noise generated by turbofan engines. Control approaches, including active control, have been implemented to enhance the performance of turbofan engines. These control methods allow for real-time adjustments to engine parameters, such as thrust power and exhaust gases, to optimize engine performance and reduce fuel consumption. Vortex shedding and thermos-viscous effects are two critical factors that impact the design of turbofan engines.
Further, turbofan engines, in particular, have gained popularity due to their ability to provide high thrust while maintaining excellent fuel efficiency and reducing noise levels. In conclusion, the turbofan engine market for propulsion systems in commercial aircraft is driven by the demand for high thrust, fuel efficiency, and noise reduction. Engine manufacturers are focusing on optimizing engine components, implementing control approaches, and addressing thermos-viscous effects to improve engine performance and reduce fuel consumption. Turbofan engines, particularly high BPR engines, are the preferred choice for commercial aircraft due to their ability to provide high thrust while maintaining excellent fuel efficiency and reducing noise levels.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The civil aviation segment is estimated to witness significant growth during the forecast period. The civil aviation sector, which encompasses all non-military aircraft operations, is a significant segment of the global aerospace industry. The International Civil Aviation Organization (ICAO) unites most countries in setting common standards and practices for this sector. The turbofan engine market within civil aviation is experiencing growth due to the widespread adoption of second-generation CFM56 engines, featuring retractable wings for maintenance visits during their first and second overhauls.
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The civil aviation segment accounted for USD 1.39 billion in 2018 and showed a gradual increase during the forecast period. In the upcoming decade, CFM56-7 engines are projected to account for nearly half of all overhauls within the CFM engine family, followed by CFM56-5B and CFM56-5A. Key components of turbofan engines include the compressor rotor, low-pressure turbine, and gearbox, which are decoupled to optimize engine performance. The latest generation of turbofan engines, such as the GTF engine, offers enhanced fuel efficiency and reduced emissions. The turbofan engine market is expected to expand due to the increasing demand for fuel-efficient and environmentally-friendly aircraft engines. The gearbox plays a crucial role in transmitting power from the high-pressure turbine to the fan, ensuring optimal engine performance. The turbofan engine's ability to generate significant thrust makes it the preferred choice for commercial aircraft.
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Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Aircraft Turbofan Engine market in North America is experiencing significant growth due to the strong aviation industry presence, particularly in the United States. The US leads the North American market for aircraft engine Maintenance, Repair, and Overhaul (MRO) activities.
Additionally, the use of composite materials in engine components, such as the combustor chamber and precompressor, contributes to the overall weight reduction and improved operating range of these engines. The booster stage of the turbofan engine also undergoes continuous advancements to enhance air ingestion and precompressing efficiency. These factors collectively position the North American Aircraft Turbofan Engine market for steady growth in the coming years.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increase in number of aircraft deliveries is notably driving market growth. Aircraft turbofan engines play a crucial role in the aviation industry, particularly in the mixing of fuel for optimal combustion. This process is essential in reducing emissions, specifically nitrogen oxides, which is a significant concern for environmental regulations. The global air travel market is projected to expand steadfastly, notwithstanding the hurdles posed by escalating jet fuel prices and the sluggish development in the aircraft manufacturing sector.
Further, low-cost carriers (LCCs) and regional airlines have transformed the aviation business with their innovative pricing strategies, attracting a larger customer base. The increasing affluence of the middle class in emerging economies is anticipated to fuel the demand for air travel. Thus, such factors are driving the growth of the market during the forecast period.
New technologies gaining ground is the key trend in the market. The aerospace industry is experiencing significant advancements in manufacturing technology, integrating data and connectivity to revolutionize operations. One area of focus is the aircraft engine market, where innovative technologies are being adopted to enhance aftermarket services. Two such technologies are gaining prominence: Firstly, Augmented and Virtual Reality (A/VR) technology uses hardware, such as smart glasses or smartphones, to expand human visualization capabilities. It is applied to various applications, including maintenance, training, and operations, enabling more efficient and accurate processes.
In conclusion, the integration of advanced technologies like A/VR and APM in the aircraft engine market is transforming aftermarket services, enhancing efficiency, reducing costs, and improving overall performance. These technologies are essential for maintaining a competitive edge in the ever-evolving aerospace industry.
Barriers to adoption of new technology and equipment is the major challenge that affects the growth of the market. In the realm of aircraft propulsion systems, the market for turbofan engines is experiencing significant growth due to the increasing demand for high thrust, fuel efficiency, and noise reduction in commercial aviation. companies supplying engines for upgraded aircraft must adhere to rigorous regulatory requirements at the federal, state, and local levels. Compliance with these regulations is essential to ensure safety and efficiency in aircraft operations. Advancements in control approaches, including active and passive control, as well as geometric shape optimization and acoustic boundary control, are crucial to enhancing turbofan engine performance. These technologies enable improved fuel efficiency, reduced noise levels, and increased engine reliability.
Despite the benefits, the adoption of new turbofan engine technologies poses challenges for both commercial and military aircraft industries. Cost, technology risks, and certification requirements are significant hurdles that companies must overcome to bring new engines to market. Collaboration with government agencies and departments of defense can help mitigate these challenges and accelerate the adoption of innovative turbofan engine solutions. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
General Electric Co.: The company offers aircraft turbofan products such as the TriFan 600.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The aircraft turbofan engine market is driven by the demand for high thrust, fuel efficiency, and noise reduction. Turbofan engines, a type of gas turbine engine, have gained significant popularity due to their ability to produce high thrust while maintaining good propulsive efficiency and specific fuel consumption. The design of turbofan engines involves optimizing the geometric shape of various components, including compressors, burners, and turbines, to enhance performance. Active control approaches, such as acoustic boundary control and noise damping mechanisms, are employed to minimize noise generated during engine operation. The use of thermos-viscous and vortex shedding techniques in the design of turbofan engines helps improve combustion efficiency and reduce fuel consumption. The components of turbofan engines include a high-pressure compressor, low-pressure compressor, combustor, turbines, and a gearbox that decouples the high- and low-pressure shafts. The engine operates at an optimum speed, with the primary flow entering the engine through air ingestion and precompressing before being passed through the compressor.
Further, the secondary flow, which is the hot exhaust gases, is used to power the turbines and generate thrust. The turbofan engine market is highly competitive, with engine manufacturers continually innovating to improve engine performance and reduce emissions. The use of composite materials in engine components, such as blisks and blade aerodynamics, has led to significant weight reduction and improved overall engine efficiency. The operating range of turbofan engines is broad, making them suitable for use in subsonic aircraft. Despite their advantages, turbofan engines face challenges related to energy addition, compressor rotor blade aerodynamics, and assembly work. The design of the combustor chamber and fuel mixing systems is crucial to ensure efficient energy addition and minimize nitrogen oxide emissions. The booster stage and fan blade aerodynamics play a significant role in maximizing air flow and thrust production. The reduction ratio of the gear train and the design of the low-pressure turbine are critical factors in achieving optimal engine performance.
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Market Scope |
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Report Coverage |
Details |
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Page number |
135 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
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Market Growth 2024-2028 |
USD 704.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.4 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 36% |
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Key countries |
US, UK, China, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aero Gearbox International, DRDO, EuroJet Turbo GmbH, General Electric Co., Honeywell International Inc., Ivchenko-Progress SE, Liebherr International AG, Mitsubishi Heavy Industries Ltd, MTU Aero Engines AG, Northstar Aerospace, PowerJet Pressure Cleaning Systems, RTX Corp., Rolls Royce Holdings Plc, Rostec, Safran SA, Shenyang Aircraft Corp., UEC Aviadvigatel JSC, The Williams Co. Inc, and Xi an Aero-Engine Corp. |
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Market dynamics |
Parent market analysis, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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