Aircraft Engine Components Market Global Report 2026

The aircraft engine components market size has grown strongly in recent years. It will grow from $66.31 billion in 2025 to $72.68 billion in 2026 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing aircraft fleet size, rising air passenger traffic, increasing aircraft engine production, growing aircraft maintenance requirements, and rising demand for engine component replacement.

The aircraft engine components market size is expected to see strong growth in the next few years. It will grow to $103.31 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing demand for fuel-efficient aircraft engines, rising adoption of next-generation aircraft platforms, growing demand for high-performance engine components, increasing aircraft retirement and fleet renewal, and expanding commercial and defense aviation operations. Major trends in the forecast period include increasing adoption of lightweight aircraft engine components, rising demand for high-temperature-resistant engine components, growing use of corrosion-resistant engine components, increasing demand for modular and interchangeable engine components, and expanding standardization of aircraft engine component designs.

The increasing commercial aircraft production and deliveries are expected to propel the growth of the aircraft engine components market in the coming years. Commercial aircraft production and deliveries refer to the manufacturing of commercial passenger and cargo aircraft and their handover to customers after completion, testing, and certification. Commercial aircraft production and deliveries are increasing due to the growing demand for air travel, as rising passenger traffic encourages airlines to expand and modernize their fleets to meet capacity requirements. Increasing commercial aircraft production and deliveries drive the growth of aircraft engine components by boosting demand for engines and the essential parts required for the assembly of newly manufactured aircraft. For instance, in September 2026, according to the Institution of Engineering and Technology (IET), a UK-based engineering and technology publication, airlines placed 242 aircraft orders in July 2026, more than five times the 38 orders recorded in July 2025. Therefore, the increasing commercial aircraft production and deliveries are driving the growth of the aircraft engine components market.

Major companies operating in the aircraft engine components market are focusing on developing innovative solutions, such as hybrid-electric propulsion components, to improve fuel efficiency, reduce emissions, and enhance aircraft performance. Hybrid-electric propulsion components refer to integrated engine and propulsion components, including electric motor-generators, power converters, inverters, controllers, gearboxes, heat exchangers, and engine harnesses, that operate alongside conventional aircraft engines to provide additional electric power and propulsion. For instance, in July 2026, GE Aerospace, a US-based aerospace manufacturer, unveiled the world’s first high-altitude flight assisted by hybrid-electric propulsion using a modified Saab 340B aircraft and a megawatt-class system developed with NASA. The hybrid-electric system incorporated GE Aerospace-developed motor-generators, power converters, inverters, controllers, and engine harnesses, along with gearboxes, propellers, heat exchangers, and a CT7 engine. The system is designed to supplement conventional engine power during different phases of flight, supporting improved high-altitude performance, fuel efficiency, and emissions reduction.

In June 2026, Pursuit Aerospace, a US-based aerospace manufacturing company, acquired Leesta Industries for an undisclosed amount. Through this acquisition, Pursuit Aerospace aims to strengthen its aerospace business by expanding its aero-engine machining and fabrication capabilities and broadening its component offerings across several Pratt & Whitney engine platforms. Leesta Industries is a US-based aerospace manufacturing company specializing in the machining of flight-safety-critical aero-engine components.

Major companies operating in the aircraft engine components market are GE Aerospace, RTX Corporation, Rolls-Royce Holdings plc, Safran SA, Honeywell International Inc., Parker Hannifin Corporation, IHI Corporation, MTU Aero Engines AG, Kawasaki Heavy Industries Ltd., GKN Aerospace, ITP Aero, Woodward Inc., Precision Castparts Corp., CFM International, Williams International, Aero Engine Corporation of China, Hindustan Aeronautics Limited, Senior plc, TUSAŞ Engine Industries, Liebherr-Aerospace.

North America was the dominant region in the aircraft engine components market in 2025. Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions covered in the aircraft engine components market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the aircraft engine components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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