Aircraft Engine Market Share and Value Analysis 2030

The global Aircraft Engine Market, is expected to grow to USD 118.89 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.8%.

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The growth is largely driven by the increasing demand for air cargo, which in turn fuels the need for more fuel-efficient engines capable of supporting larger payload capacities. North America holds the largest share of the aircraft engine market, a position it is likely to maintain throughout the forecast period. 

This dominance is attributed to the region's expanding military industry, which drives the demand for advanced aviation engines that enhance performance, improve efficiency, and meet the evolving capabilities of modern military forces.