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. The fan ensures required air intake for an aircraft engine, followed by compressor, which compresses the inlet #air and rise the #temperature & pressure. The jet fuel is introduced in the combustion chamber along with the compressed air.

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. The #manufacturing and supply chain industry is expected to is expected to play a major role in defining the market consolidation of aircraft engine.

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