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Global Aircraft Engine and Equipment Market Analysis, Size, Share,
Growth, Industry Trends and Forecast to 2024 | Hexa Research
The global aircraft engine and equipment market is expected to witness substantial
growth over the forecast period on account of a surge in demand for advanced aircraft
which is influenced by an entry of new airlines and expansion of existing airlines.
Furthermore, factors such as obsolete aircraft and technology, demand for fuel efficient
engines, increasing air travel, the considerable growth of emerging markets are
expected to be the drivers of aircraft engines and equipment market growth. The
industry manufactures aircraft engine and engine parts, fuselage, rotor, propeller,
landing gear, electronic control, hydraulics and avionics systems. Aircraft engines and
components comprise of about 45% of the global market.
Rising demand for private and commercial airplanes owing to changing trends in air
travel, increasing population and consumer disposable income are expected to drive
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