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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