The flight propulsion systems market is expected to grow from USD 168.14 billion in 2022 to USD 327.67 billion by 2032, at a CAGR of 6.9% during the forecast period 2023-2032.
A flight propulsion system generates thrust, which propels the aircraft to move forward. There are three major components: nozzle, engine, and fuel supply. A propeller and engine are combined in an aircraft, which generates thrust and pushes the aircraft forward. For the aircraft to accelerate, the thrust must exceed the drag. For an aeroplane to accelerate, it must balance its drag when cruising with the thrust from its propulsion system.
With increasing urbanization, emerging economies have higher disposable incomes, resulting in greater travel and migration demand and a significant increase in air travel. The demand for global connectivity and increased air travel have fueled flight propulsion systems market growth. The increasing number of aircraft orders is also fueling the market's growth. Shortly, flight propulsion systems will be more desirable due to technological advancements provided by the R&D sector. Increasing government and private investment in R&D for advanced propulsion systems pave the way for the flight propulsion system market to grow.
This study comprehensively analyses the type, application, end-user, and region. The type segment includes non-air breathing and air breathing. Air-breathing is the leading product life segment. A propulsion system that utilizes atmospheric air to propel itself is known as an air-breathing engine, also known as a ramjet, turbojet, or plane with a jet engine propeller. The application segment includes UAVs, aircraft, spacecraft, and missiles. The aircraft is the leading application segment. During the forecast period, growing demand for global connectivity and increased air travel will make the aircraft segment the leading propulsion systems market. With the demand for lightweight aircraft engines that can withstand extreme climate conditions and provide optimum thrust output, require fewer maintenance schedules, and have short turnaround times, the aircraft segment of the market is expected to increase. The end-user segment includes defence and airborne armed forces, commercial and general aviation. The defence and airborne armed forces are the leading end-user segment. Propulsion system sales are expected to be driven by the defence and airborne armed forces sectors. The rising need for long-range missiles and supersonic flights will fuel propulsion systems sales in the coming years.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is leading the regional segment. As a result of established industries such as building & construction, the North American heat cost allocator market is expected to grow. The growth of the North American propulsion systems market is driven by the expansion of commercial and military aviation and the increase in space expeditions. In addition, the North American propulsion systems market has been experiencing growth due to increasing numbers of military modernization programs, which emphasize the purchase of manned and unmanned aircraft, helicopters, and ground vehicles.
Some notable players in the flight propulsion systems market are MTU Aero Engines, CFM, Landis+Gyr, Aero Engine Corporation of China, United Engine Corporation, Honeywell, Konstruktorskoe Buro Khimavtomatiky, and General Electric Company. etc.
Flight Propulsion Systems Market Analysis and Forecast, Type
Flight Propulsion Systems Market Analysis and Forecast, Application
Flight Propulsion Systems Market Analysis and Forecast, End-User
Flight Propulsion Systems Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End-User
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising air travel
5.3. Restraints
5.3.1. Rising crude oil prices
5.4. Opportunities
5.4.1. Technological advancements
5.5. Challenges
5.5.1. Complex manufacturing process
6. Global Flight Propulsion Systems Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Non-Air Breathing
6.3. Air Breathing
7. Global Flight Propulsion Systems Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. UAVs
7.3. Aircraft
7.4. Spacecraft
7.5. Missiles
8. Global Flight Propulsion Systems Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Defense and Airborne Armed Forces
8.3. Commercial Aviation
8.4. General Aviation Residential Building
9. Global Flight Propulsion Systems Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Flight Propulsion Systems Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Flight Propulsion Systems Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. MTU Aero Engines
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. CFM
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Landis+Gyr
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Aero Engine Corporation of China
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. United Engine Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Honeywell
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Konstruktorskoe Buro Khimavtomatiky
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. General Electric Company
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
List of Table
1. Global Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
2. Global Non-Air Breathing, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
3. Global Air Breathing, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
4. Global Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
5. Global UAVs, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
6. Global Aircraft, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
7. Global Spacecraft, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
8. Global Missiles, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
9. Global Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
10. Global Defense and Airborne Armed Forces, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
11. Global Commercial Aviation, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
12. Global General Aviation Residential Building, Flight Propulsion Systems Market, By Region, 2019-2032 (USD Billion)
13. North America Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
14. North America Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
15. North America Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
16. U.S. Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
17. U.S. Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
18. U.S. Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
19. Canada Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
20. Canada Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
21. Canada Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
22. Mexico Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
23. Mexico Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
24. Mexico Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
25. Europe Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
26. Europe Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
27. Europe Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
28. Germany Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
29. Germany Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
30. Germany Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
31. France Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
32. France Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
33. France Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
34. U.K. Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
35. U.K. Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
36. U.K. Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
37. Italy Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
38. Italy Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
39. Italy Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
40. Spain Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
41. Spain Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
42. Spain Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
43. Asia Pacific Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
44. Asia Pacific Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
45. Asia Pacific Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
46. Japan Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
47. Japan Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
48. Japan Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
49. China Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
50. China Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
51. China Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
52. India Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
53. India Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
54. India Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
55. South America Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
56. South America Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
57. South America Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
58. Brazil Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
59. Brazil Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
60. Brazil Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
61. Middle East and Africa Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
62. Middle East and Africa Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
63. Middle East and Africa Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
64. UAE Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
65. UAE Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
66. UAE Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
67. South Africa Flight Propulsion Systems Market, By Type, 2019-2032 (USD Billion)
68. South Africa Flight Propulsion Systems Market, By Application, 2019-2032 (USD Billion)
69. South Africa Flight Propulsion Systems Market, By End-User, 2019-2032 (USD Billion)
List of Figures
1. Global Flight Propulsion Systems Market Segmentation
2. Global Flight Propulsion Systems Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Flight Propulsion Systems Market Attractiveness Analysis by Type
9. Global Flight Propulsion Systems Market Attractiveness Analysis by Application
10. Global Flight Propulsion Systems Market Attractiveness Analysis by End-User
11. Global Flight Propulsion Systems Market Attractiveness Analysis by Region
12. Global Flight Propulsion Systems Market: Dynamics
13. Global Flight Propulsion Systems Market Share by Type (2023 & 2032)
14. Global Flight Propulsion Systems Market Share by Application (2023 & 2032)
15. Global Flight Propulsion Systems Market Share by End-User (2023 & 2032)
16. Global Flight Propulsion Systems Market Share by Regions (2023 & 2032)
17. Global Flight Propulsion Systems Market Share by Company (2022)
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