Aircraft Engine Compartment Market Forecasts to 2030 - Global Analysis By Component (Compressor, Combustion Chamber, Turbine, Gear Box, Fuel System and Other Components), Engine Type (Piston Engine, Turboprop, Turboshaft and Turbofan), Technology, End User and By Geography
Estimated Year Value (2023)
US $74.82 BN
Projected Year Value (2030)
US $154.32 BN
CAGR (2023 - 2030)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Aircraft Engine Compartment Market is accounted for $74.82 billion in 2023 and is expected to reach $154.32 billion by 2030 growing at a CAGR of 10.9% during the forecast period. The aircraft engine compartment, also known as the engine nacelle, is a critical component of an aircraft that houses and protects the aircraft's engines. It plays a crucial role in the performance, safety, and efficiency of the aircraft. It provides an aerodynamic enclosure around the engines, helping to streamline airflow and reduce drag. It combines engineering, materials science, and aerodynamics to protect and optimize the performance of the engines.
According to the International Air Transport Association (IATA), the number of passengers traveling by air is expected to double to 8.2 billion by 2037.
Increasing emphasis on fuel efficiency
Engine compartments are crucial in optimizing the overall aerodynamics of an aircraft. Fuel-efficient engines often incorporate advanced materials that allow for higher operating temperatures and greater efficiency. More fuel-efficient engines tend to operate at higher temperatures. Engine compartments play a critical role in managing the heat generated by the engines, preventing overheating and ensuring optimal performance. It also reduces noise and weight. This element is thereby accelerating the market demand.
Geopolitical & regulatory uncertainties
Geopolitical tensions and trade disputes between countries can lead to the imposition of tariffs and trade restrictions. This may face additional compliance costs and administrative burdens in order to navigate complex and changing geopolitical and regulatory environments. Governments may impose export controls and sanctions on certain countries or entities, limiting the ability of companies to sell or transfer sensitive technologies and components. This can hinder the global supply chain for engine compartment parts.
Integration of additive manufacturing
Additive manufacturing enables the creation of lightweight structures with optimized internal geometries. In the aircraft industry, reducing weight is critical for enhancing fuel efficiency, increasing payload capacity, and improving overall performance. It also allows for the customization of components to meet specific requirements and development of materials tailored to specific performance requirements. Overall, the integration of additive manufacturing technologies in the aircraft engine compartment market offers the potential for enhanced performance, cost savings, and increased flexibility in design and production processes.
Technological disruptions & fluctuating fuel prices
Technological disruptions can lead to the development of more fuel-efficient engines or alternative propulsion systems. This can reduce the demand for traditional engine compartments. Rapid technological advances may lead to shorter product lifecycles for engine compartments. Also, airlines are sensitive to fuel prices, as fuel is a significant operational cost. It can also affect airlines' profitability and operating budgets. Therefore, technological disruptions and fluctuating fuel prices can introduce significant uncertainties and challenges to the Aircraft Engine Compartment Market.
The COVID-19 pandemic significantly impacted the aircraft engine compartment market. The pandemic caused disruptions in global supply chains, affecting the production and availability of components. Airlines and operators faced financial challenges, leading to a decrease in retrofitting and maintenance activities. Despite the challenges, the aviation industry demonstrated resilience and innovation. This led to the development of new technologies and approaches in engine compartment design and manufacturing.
The fuel system segment is expected to be the largest during the forecast period
The fuel system segment is estimated to have a lucrative growth. The fuel system stores and manages the aviation fuel on board the aircraft. The system incorporates filters to remove contaminants and impurities from the fuel. It is designed to maintain a balanced distribution of fuel across multiple tanks, helping to manage the aircraft's center of gravity, especially during different phases of flight. Its reliable engine operation, enhanced fuel efficiency, extended engine lifespan and optimized weight distribution drives the segment growth.
The electric/hybrid engine segment is expected to have the highest CAGR during the forecast period
The electric/hybrid engine segment is anticipated to witness the highest CAGR growth during the forecast period, due to its reduced environmental impact, lower operating costs, decreased noise levels, enhanced efficiency and increased design flexibility. Electric\hybrid propulsion systems can be well-suited for VTOL aircraft, allowing for more versatile and flexible operations, especially in urban environments or areas with limited runway space. Companies involved in the development and production of electric and hybrid propulsion systems are gaining a competitive edge by offering more environmentally-friendly and technologically advanced solutions.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. The Asia Pacific region has experienced rapid growth in air travel, driven by factors such as rising disposable incomes, urbanization, and an expanding middle class. Countries like China and India have emerged as major players in the aviation industry. These nations are investing heavily in their aviation infrastructure. Further, government policies and initiatives to support the aerospace industry can significantly impact the growth of the aircraft engine compartment market.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. Europe is home to several major aerospace companies and has a strong presence in aircraft manufacturing, technology development, and innovation. It has leading aerospace manufacturers, including Airbus, Rolls-Royce, Safran, and MTU Aero Engines. These companies play a pivotal role in the development and production of aircraft engines and their components. Further, its growing research & innovation hubs and government support & funding are boosting the market demand.
Key players in the market
Some of the key players profiled in the Aircraft Engine Compartment Market include Textron Inc, Safran SA, CFM International SA, United Technologies Corporation, Honeywell International Inc, MTU Aero Engines AG, GE Aviation, International Aero Engines AG, Rolls-Royce Holdings Plc, Barnes Group, IHI Corporation, Engine Alliance LLC, Collins Aerospace and Pratt & Whitney.
In September 2023, Honeywell has launched a new product that can limit the effects of cellular interference on certain satellite communications systems for aircraft communications. Honeywell’s Type J DLNA (Diple9xer/Low Noise Amplifier), which received Technical Standard Orders approval, was specifically designed as an upgrade for customers operating on Inmarsat’s L-band network.
In June 2023, Safran Aero Boosters unveiled HIPEX, its new range of high-performance heat exchangers based on a revolutionary aerodynamic design, at the Paris Air Show. Their curved or adjustable shape, their aerodynamic drag is halved compared with current models, while delivering the same thermal performance.
In July 2022, CFM International is partnering with Airbus to flight test CFM's next-generation open fan engine architecture. The test is scheduled to take place in the second half of this decade at Airbus' test facility in Toulouse, France.
• Combustion Chamber
• Gear Box
• Fuel System
• Other Components
Engine Types Covered:
• Piston Engine
• Conventional Engine
• Electric/Hybrid Engine
End Users Covered:
• Urban Air Mobility (UAM)
• Autonomous Air Vehicles
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aircraft Engine Compartment Market, By Component
5.3 Combustion Chamber
5.5 Gear Box
5.6 Fuel System
5.7 Other Components
6 Global Aircraft Engine Compartment Market, By Engine Type
6.2 Piston Engine
7 Global Aircraft Engine Compartment Market, By Technology
7.2 Conventional Engine
7.3 Electric/Hybrid Engine
8 Global Aircraft Engine Compartment Market, By End User
8.2.1 Narrow Body
8.2.3 Wide Body
8.2.4 General Aviation
8.2.5 Business Jet
8.3.1 Fighter Aircraft
8.3.3 Transport Aircraft
8.4 Urban Air Mobility (UAM)
8.5 Autonomous Air Vehicles
8.6 Other End Users
9 Global Aircraft Engine Compartment Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 Textron Inc
11.2 Safran SA
11.3 CFM International SA
11.4 United Technologies Corporation
11.5 Honeywell International Inc
11.6 MTU Aero Engines AG
11.7 GE Aviation
11.8 International Aero Engines AG
11.9 Rolls-Royce Holdings Plc
11.10 Barnes Group
11.11 IHI Corporation
11.12 Engine Alliance LLC
11.13 Collins Aerospace
11.14 Pratt & Whitney
List of Tables
1 Global Aircraft Engine Compartment Market Outlook, By Region (2021-2030) ($MN)
2 Global Aircraft Engine Compartment Market Outlook, By Component (2021-2030) ($MN)
3 Global Aircraft Engine Compartment Market Outlook, By Compressor (2021-2030) ($MN)
4 Global Aircraft Engine Compartment Market Outlook, By Combustion Chamber (2021-2030) ($MN)
5 Global Aircraft Engine Compartment Market Outlook, By Turbine (2021-2030) ($MN)
6 Global Aircraft Engine Compartment Market Outlook, By Gear Box (2021-2030) ($MN)
7 Global Aircraft Engine Compartment Market Outlook, By Fuel System (2021-2030) ($MN)
8 Global Aircraft Engine Compartment Market Outlook, By Other Components (2021-2030) ($MN)
9 Global Aircraft Engine Compartment Market Outlook, By Engine Type (2021-2030) ($MN)
10 Global Aircraft Engine Compartment Market Outlook, By Piston Engine (2021-2030) ($MN)
11 Global Aircraft Engine Compartment Market Outlook, By Turboprop (2021-2030) ($MN)
12 Global Aircraft Engine Compartment Market Outlook, By Turboshaft (2021-2030) ($MN)
13 Global Aircraft Engine Compartment Market Outlook, By Turbofan (2021-2030) ($MN)
14 Global Aircraft Engine Compartment Market Outlook, By Technology (2021-2030) ($MN)
15 Global Aircraft Engine Compartment Market Outlook, By Conventional Engine (2021-2030) ($MN)
16 Global Aircraft Engine Compartment Market Outlook, By Electric/Hybrid Engine (2021-2030) ($MN)
17 Global Aircraft Engine Compartment Market Outlook, By End User (2021-2030) ($MN)
18 Global Aircraft Engine Compartment Market Outlook, By Commercial (2021-2030) ($MN)
19 Global Aircraft Engine Compartment Market Outlook, By Narrow Body (2021-2030) ($MN)
20 Global Aircraft Engine Compartment Market Outlook, By Helicopter (2021-2030) ($MN)
21 Global Aircraft Engine Compartment Market Outlook, By Wide Body (2021-2030) ($MN)
22 Global Aircraft Engine Compartment Market Outlook, By General Aviation (2021-2030) ($MN)
23 Global Aircraft Engine Compartment Market Outlook, By Business Jet (2021-2030) ($MN)
24 Global Aircraft Engine Compartment Market Outlook, By Military (2021-2030) ($MN)
25 Global Aircraft Engine Compartment Market Outlook, By Fighter Aircraft (2021-2030) ($MN)
26 Global Aircraft Engine Compartment Market Outlook, By Bombers (2021-2030) ($MN)
27 Global Aircraft Engine Compartment Market Outlook, By Transport Aircraft (2021-2030) ($MN)
28 Global Aircraft Engine Compartment Market Outlook, By Urban Air Mobility (UAM) (2021-2030) ($MN)
29 Global Aircraft Engine Compartment Market Outlook, By Autonomous Air Vehicles (2021-2030) ($MN)
30 Global Aircraft Engine Compartment Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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