What is the Market Size Analysis for the Aviation Gas Turbine Market?
The aviation gas turbine market size exhibited robust growth in recent years, escalating from $11.4 billion in 2024 to $12.2 billion in 2025 with a steady compound annual growth rate (CAGR) of 7.0%. Factors such as increasing air travel demand, regulatory changes, geopolitical influences, and evolving airline industry dynamics contributed significantly to this historic growth.
Forecast data further predicts a sustainable market expansion, with the aviation gas turbine market expected to reach $15.64 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. Anticipated growth is spurred on by green aviation initiatives, electrification trends, emerging markets and regional growth, and burgeoning cybersecurity concerns. Increased demand for fuel efficiency, advanced materials and technologies, and the growth of urban air mobility (UAM) sector are among the pivotal trends set to shape the market landscape in the forecasted period.
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What are the Key Drivers in the Global Aviation Gas Turbine Market?
One of the critical factors driving the growth of the aviation gas turbine market is the escalating number of global travelers. As air travel becomes increasingly prevalent, the demand for gas turbines, crucial for maintaining power to weight ratio during flights, has surged. Notably, the Bureau of Infrastructure and Transport Research Economics (BITRE) reported a sharp increase in passenger movements from 1.23 million in November 2021 to 16.68 million passengers in November 2022 indicating that the growth of global travelers is indeed having a potent impact on the expansion of the aviation gas turbine market.
How is the Aviation Gas Turbine Market Segmented?
• By Type: Turbojet, Turbofan, Turboprop, Other Types
• By Propulsion: Electric Based Commercial Aircraft, Special Fuel Based Commercial Aircraft
• By Application: Commercial Aircraft, Defense Aircraft, Business Aircraft, Other Applications
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Who Are the Major Players in the Aviation Gas Turbine Market?
Notable companies operating in the aviation gas turbine market include General Electric Company, CFM International Inc., Pratt & Whitney Co. Inc., Rolls-Royce Holdings plc, Avio SpA, Engine Alliance LLC, International Aero Engines AG, MTU Aero Engines AG, United Engine Corporation, Raytheon Technologies Corporation, Williams International Co. LLC, Safran Aircraft Engines, EuroJet Turbo GmbH, Honeywell International Inc., and IHI Corporation among others.
What are the Emerging Trends in the Aviation Gas Turbine Market?
A conspicuous trend emerging in the aviation gas turbine market is the development of single-engine turboprops by major market players. This rigorous focus on enhancing fuel efficiency, reducing operational costs, and improving performance in short-haul flights caters to both commercial and private aviation sectors. An example of this trend is the introduction of the M700 Fury, a single-engine turboprop by Piper Aircraft Inc., which boasts a maximum cruise speed of 301 knots, marking it as the fastest single-engine aircraft in Piper’s history.
Which Region Leads the Global Aviation Gas Turbine Market?
In 2024, North America dominated the aviation gas turbine market, followed closely by regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Aviation Gas Turbine Market Report 2025 Offer?
An aviation gas turbine refers to a rotary engine that converts the flow of combustion gases into energy. These turbines play an essential role in powering aircraft, providing energy, and improving combustion quality. The Aviation Gas Turbine Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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