Aircraft Engine Nacelle Global Market - Forecast(2024 - 2030)
Aircraft Engine Nacelle Global Market

Aircraft Engine Nacelle Global Market - Forecast(2024 - 2030)

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The global aircraft engines market was valued at $79.10 billion in 2021, and is projected to reach $158.46 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.

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#Aircraft #engine refers to the component of an aircraft that offers thrust to an aircraft during taxing or the course of flight. The major components of an aircraft engine encompass fan, compressor, combustor, turbine, mixer, and nozzle. Each component plays a crucial role in aircraft engine.

Rise in air traffic across the globe, #fleet modernization program to include fuel efficient engines, and gradually increasing pace of engine deliveries by manufacturing companies to support business opportunism within the aircraft #engine industry.

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Factors such as increase in passenger #traffic across the globe, rise in #infrastructure investment, efforts by regional government to develop indigenous #manufacturing capacities, and extensive R&D efforts taken by global players to improve operational efficiency of an #aircraft engine and reduce overall carbon footprint.

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