Aircraft Turbofan Engine Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Turbofan Engine (PW1000, F414, V2500, PW4000, CFM56, CFM LeapX, GP7000, GEnx, Trent 1000, F135), By Aircraft Type (Wide Body, Narrow Body, Others), By Application Type (Military Aviation, Commercial Air Transport), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 3.28 Billion
CAGR (2026-2031)	6.21%
Fastest Growing Segment	Wide Body
Largest Market	North America
Market Size (2031)	USD 4.71 Billion

Market Overview

The Global Aircraft Turbofan Engine Market will grow from USD 3.28 Billion in 2025 to USD 4.71 Billion by 2031 at a 6.21% CAGR. The global aircraft turbofan engine market centers on the production and sale of airbreathing jet propulsion systems that utilize a gas generator core and a large front fan to accelerate air for thrust. Market expansion is primarily driven by the escalating demand for new commercial aircraft to accommodate rising global passenger traffic and the operational necessity for airlines to replace aging fleets with more fuel-efficient alternatives. Additionally, the surge in military aviation expenditure and the growing requirements for business aviation further bolster the demand for these high-bypass propulsion units.

Despite this positive trajectory, the industry faces a significant challenge in the form of persistent supply chain disruptions, which have caused delays in raw material procurement and component manufacturing. These production bottlenecks are particularly critical as demand rebounds strongly and places immense pressure on engine manufacturers to accelerate output. According to the International Air Transport Association (IATA), in 2024, total full-year global passenger traffic rose by 10.4% compared to the previous year. This robust recovery in utilization underscores the urgent need for the sector to resolve logistical constraints to meet airline capacity requirements.

Key Market Drivers

The rising global commercial air passenger traffic serves as the primary catalyst for the turbofan engine market, compelling airlines to expand their capacity through significant new aircraft orders. As travel demand recovers and exceeds pre-pandemic levels across major regions, carriers are aggressively procuring narrow-body and wide-body aircraft, directly increasing the production rates of associated propulsion systems. This surge necessitates not only new engine installations but also drives the aftermarket for spare parts and maintenance services to keep existing fleets operational. According to Boeing, July 2024, in the 'Commercial Market Outlook 2024–2043', the aviation industry is projected to require nearly 44,000 new commercial airplanes over the next two decades to meet this sustained demand. Consequently, original equipment manufacturers are ramping up assembly lines to fulfill the substantial backlog created by this fleet expansion.

Concurrently, the accelerated replacement of aging aircraft fleets with fuel-efficient next-generation engine technologies is reshaping market dynamics. Strict environmental mandates regarding emissions and noise pollution are forcing operators to retire older models in favor of aircraft equipped with high-bypass ratio turbofans that offer better specific fuel consumption and reduced operating costs. According to Airbus, July 2024, in the 'Global Market Forecast 2024-2043', approximately 42% of the projected new aircraft deliveries are intended to replace older, less efficient models to support industry decarbonization goals. This shift toward modernization is strongly reflected in the recent financial performance of major engine manufacturers. According to GE Aerospace, October 2024, in the 'Third Quarter 2024 Financial Results', total orders increased by 28% to reach USD 12.6 billion, underscoring the robust commercial momentum for both new equipment and aftermarket services.

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Key Market Challenges

Persistent supply chain disruptions currently function as the primary obstacle impeding the expansion of the Global Aircraft Turbofan Engine Market. Manufacturers are contending with severe delays in securing critical raw materials, such as high-grade titanium and nickel, alongside a scarcity of the specialized castings and forgings essential for engine assembly. These logistical bottlenecks force Original Equipment Manufacturers to decelerate production rates, preventing them from capitalizing on the current surge in airline orders. Consequently, the market is unable to efficiently translate high demand into realized revenue, as the inability to complete and ship propulsion units directly halts the final delivery of aircraft to operators.

The magnitude of this constraint is evident in recent industry performance metrics that reflect a widening disparity between manufacturing targets and actual output. According to the International Air Transport Association (IATA), in 2024, the global commercial aircraft order backlog reached a record high of approximately 17,000 units, while actual aircraft deliveries fell nearly 30% short of initial yearly forecasts due to these production limitations. This significant delivery deficit demonstrates how supply chain fragility is directly capping the market's physical growth, leaving a substantial portion of potential market value unrealized despite a favorable demand environment.

Key Market Trends

The transition to Ultra-High Bypass Ratio (UHBR) engine designs represents a structural shift to maximize propulsive efficiency. Manufacturers are decoupling fan speed from the low-pressure turbine using gearboxes, enabling larger fan diameters and bypass ratios exceeding 15:1. This architecture reduces fuel consumption by allowing the fan to rotate slower while the turbine operates at optimal speeds. According to Flight Global, October 2025, in the 'Pratt & Whitney secures European validation for GTF Advantage engine' article, this advanced UHBR powerplant is designed to provide 4% more take-off thrust at sea-level airports and 8% more at high-altitude locations, verifying the performance benefits of geared architectures.

Concurrently, the resurgence of Open Fan concepts aims for step-change emission reductions. Unlike ducted turbofans, these configurations remove the nacelle to achieve bypass ratios double that of current engines, offering substantial fuel savings. Consortiums are moving these designs into hardware validation to prove aerodynamic stability. According to CFM International, July 2025, in the '5 Things to Know About the CFM RISE Program' update, the joint venture has completed more than 250 tests, including wind tunnel campaigns, to mature the open fan architecture for future service.

Segmental Insights

The Wide Body segment is currently positioning itself as the fastest-growing category within the Global Aircraft Turbofan Engine Market. This accelerated expansion is primarily fueled by the robust resurgence of long-haul international travel and a strategic industry-wide shift toward fleet modernization. Airlines are aggressively replacing aging twin-aisle aircraft with advanced, fuel-efficient models to optimize operational expenses and meet sustainability goals. This modernization cycle significantly boosts demand for high-thrust turbofan engines, a trend further validated by recent traffic recovery data from the International Civil Aviation Organization.

Regional Insights

North America leads the global aircraft turbofan engine market, driven by the strong presence of established original equipment manufacturers such as General Electric and Pratt & Whitney. The region benefits from high demand in both commercial and military aviation sectors, supported by significant defense expenditure. Furthermore, a robust manufacturing infrastructure and supply chain facilitate efficient production. The Federal Aviation Administration provides a rigorous certification framework that ensures safety and reliability, thereby fostering a stable environment for engine development and sustaining the region's command over the global market.

Recent Developments

• In November 2025, GE Aerospace announced a $50 million investment to establish a new maintenance, repair, and overhaul facility in Dubai to support the growing fleet of widebody aircraft engines. The company detailed that the new 120,000-square-foot site would be located in the Mohammed Bin Rashid Aerospace Hub and was expected to become operational by 2027. This facility was designed to service the GE9X turbofan engine, which powers the Boeing 777X, as well as the existing fleet of CFM International LEAP engines. The expansion aimed to enhance regional product support bandwidth and minimize turnaround times for customers in the Middle East.
• In June 2025, Rolls-Royce revealed an updated development roadmap for its UltraFan demonstrator program, explicitly targeting both widebody and single-aisle market applications. The company designated its engine concepts as the UltraFan 80 and UltraFan 30, referencing their respective thrust capabilities to cover different aircraft segments. The manufacturer confirmed plans to construct the smaller UltraFan 30 demonstrator through 2028, with ground testing scheduled to commence by the end of that year. This strategic update highlighted the scalability of the geared-fan architecture, intending to ready the technology for potential future applications by the end of the decade.
• In December 2024, CFM International achieved a significant regulatory milestone with the certification of an updated high-pressure turbine hardware durability kit for its LEAP-1A engine. The company announced that both the U.S. Federal Aviation Administration and the European Union Aviation Safety Agency had approved the new hardware, which was developed to enhance engine durability and time-on-wing performance in harsh environments. This certification followed extensive validation testing, including specific dust ingestion trials. The joint venture partners expected the upgrade to result in a substantial improvement in component lifespan, aligning it with the reliability levels of previous-generation product lines.
• In July 2024, Pratt & Whitney secured a major commercial agreement with the aircraft leasing company Avolon for the selection of GTF engines to power 80 Airbus A320neo family aircraft. This transaction represented one of the manufacturer's largest direct orders from a lessor for this specific engine type, significantly expanding the customer's commitment to the geared turbofan platform. The deal increased the lessor's total fleet of GTF-powered aircraft to over 150 delivered and committed units. Company leadership noted that the selection underscored market confidence in the engine's ability to deliver improved fuel efficiency and reduced carbon emissions.

Key Market Players

• RTX Corporation
• General Electric Company
• Rolls-Royce plc
• MTU Aero Engines AG
• Honeywell International Inc.
• Eurojet Turbo GmbH
• Safran SA
• IHI Corporation

By Turbofan Engine	By Aircraft Type	By Application Type	By Region
PW1000 F414 V2500 PW4000 CFM56 CFM LeapX GP7000 GEnx Trent 1000 F135	Wide Body Narrow Body Others	Military Aviation Commercial Air Transport	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Aircraft Turbofan Engine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Aircraft Turbofan Engine Market, By Turbofan Engine:

• PW1000
• F414
• V2500
• PW4000
• CFM56
• CFM LeapX
• GP7000
• GEnx
• Trent 1000
• F135

• Aircraft Turbofan Engine Market, By Aircraft Type:

• Wide Body
• Narrow Body
• Others

• Aircraft Turbofan Engine Market, By Application Type:

• Military Aviation
• Commercial Air Transport

• Aircraft Turbofan Engine Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE